---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-027578"
form_type: "8-K"
ticker: "MNSB"
cik: "0001693577"
company_name: "MainStreet Bancshares, Inc."
filed_at: "2024-08-22T23:59:59+00:00"
generated_at: "2026-05-31T08:05:53.764877+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-027578
- form_type: 8-K
- ticker: MNSB
- cik: 0001693577
- company_name: MainStreet Bancshares, Inc.
- filed_at: 2024-08-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1693577/000143774924027578/0001437749-24-027578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1693577/000143774924027578/main20240821_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-027578
- JSON: https://secwatch.observer/filing/0001437749-24-027578.json
- Plain text: https://secwatch.observer/filing/0001437749-24-027578.txt

## Key facts
- Executive change
  Elizabeth S. Bennett resigned as Director at MainStreet Bancshares, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1693577/000143774924027578/0001437749-24-027578-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.