MainStreet Bancshares appoints Jeff Dick as President, declares preferred dividend, authorizes $7.5M buyback

MainStreet Bancshares, Inc.

Jeff W. Dick appointed President, adding to his roles as Chairman and CEO; no compensation change.
Shareholders re-elected directors Bennett, DeLeon, Green, Echlov and ratified auditor Yount, Hyde & Barbour, PC.
Quarterly cash dividend of ~$0.47 per depositary share on Series A Preferred, payable June 30, 2022.
Board authorized a new $7.5 million common stock repurchase program, replacing the prior program.

item 5.02 item 5.07 item 8.01

Executive movements

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Appointed

Jeff W. Dick

President

MNSB · MainStreet Bancshares, Inc.

Effective: 2022-05-18
Successor: Jeff W. Dick
Filed: May 19, 2022, 7:59 PM ET

On May 18, 2022, the Board of Directors appointed Jeff W. Dick to the position of President of the Company, in addition to his current position of Chairman and Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jeff W. Dick was appointed as President at MainStreet Bancshares, Inc..

Action: appointed
Role: President

Exact text from the filing

On May 18, 2022, the Board of Directors appointed Jeff W. Dick to the position of President of the Company, in addition to his current position of Chairman and Chief Executive Officer.

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MainStreet Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001564590-22-020735

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