CFO Thomas Chmelik to retire Dec 31, 2025; new employment agreement through 2027 with reduced salary

MainStreet Bancshares, Inc.

CFO Thomas Chmelik will retire as CFO on Dec 31, 2025, but remain Senior EVP and Secretary through Dec 31, 2027.
New agreement reduces annual base salary from $375,000 to $234,000 effective Jan 1, 2026.
Chmelik receives $300,000 in life insurance proceeds from a Bank Owned Life Insurance policy.
He must retain at least 75% of his ~162,000 common shares held as of Nov 26, 2025 until retirement.
Change-of-control severance: 200% of salary if terminated in 2026, 100% in 2027.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.