---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-038696"
form_type: "8-K"
ticker: "MNSB"
cik: "0001693577"
company_name: "MainStreet Bancshares, Inc."
filed_at: "2025-12-23T23:59:59+00:00"
generated_at: "2026-05-16T12:16:22.413994+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# MainStreet Bancshares appoints Richard Vari as CFO effective Jan 1, 2026; new employment agreement

## Summary
- Richard A. Vari appointed EVP and CFO of MainStreet Bancshares and MainStreet Bank, effective Jan 1, 2026.
- Vari previously served as Bank CFO and Company CAO since 2019; replaces Tom Chmelik retiring as Company CFO.
- New employment agreement effective Dec 31, 2025 through Dec 31, 2028, with base salary of $360,000.
- Severance: 299% of 5-year average taxable comp if terminated without cause within one year after change of control.
- Agreement includes non-compete, non-solicitation for 12 months post-employment, and clawback provisions.

## SEC filing metadata
- accession: 0001437749-25-038696
- form_type: 8-K
- ticker: MNSB
- cik: 0001693577
- company_name: MainStreet Bancshares, Inc.
- filed_at: 2025-12-23T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1693577/000143774925038696/0001437749-25-038696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1693577/000143774925038696/main20251216_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-038696
- JSON: https://secwatch.observer/filing/0001437749-25-038696.json
- Plain text: https://secwatch.observer/filing/0001437749-25-038696.txt

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