secwatch.observer — SEC 8-K summary
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Issuer:     MainStreet Bancshares, Inc. (MNSB)
CIK:        0001693577
Form:       8-K
Filed at:   2024-08-22T23:59:59+00:00
Accession:  0001437749-24-027578
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693577/000143774924027578/0001437749-24-027578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693577/000143774924027578/main20240821_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-027578

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