secwatch.observer — SEC 8-K summary
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Issuer:     MainStreet Bancshares, Inc. (MNSB)
CIK:        0001693577
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001437749-25-038696
Event type: leadership
Sentiment:  positive
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693577/000143774925038696/0001437749-25-038696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693577/000143774925038696/main20251216_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-038696

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