Director Elizabeth Bennett resigns; preferred dividend declared at $0.47 per depositary share

MainStreet Bancshares, Inc.

Elizabeth S. Bennett retired from the Board of MainStreet Bancshares and MainStreet Bank effective Aug 21, 2024; no disagreement cited.
Quarterly cash dividend on Series A Preferred Stock: $0.47 per Depositary Share, payable Sept 30, 2024 to holders of record Sept 16, 2024.
The dividend equates to $18.75 per share of Series A Preferred Stock; aggregate liquidation preference is $28.75M.
Future preferred dividends, if declared, will be payable quarterly on March 30, June 30, September 30, and December 30.

item 5.02 item 8.01

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Departed

Elizabeth S. Bennett

Director

MNSB · MainStreet Bancshares, Inc.

Effective: 2024-08-21
Filed: August 22, 2024, 7:59 PM ET

On August 21, 2024, during a regularly scheduled meeting of the Board of Directors of MainStreet Bancshares, Inc. (the “Company”) and MainStreet Bank (the “Bank”), long-time director Elizabeth S. Bennett announced her retirement and resignation as a member of the Board of Directors of the Company and the Bank, and from all committees.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Elizabeth S. Bennett resigned as Director at MainStreet Bancshares, Inc..

Action: resigned
Role: Director

Exact text from the filing

On August 21, 2024, during a regularly scheduled meeting of the Board of Directors of MainStreet Bancshares, Inc. (the “Company”) and MainStreet Bank (the “Bank”), long-time director Elizabeth S. Bennett announced her retirement and resignation as a member of the Board of Directors of the Company and the Bank, and from all committees.

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MainStreet Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-027578

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