MainStreet Bancshares Files 8-K Report
Ticker: MNSBP · Form: 8-K · Filed: Nov 22, 2024 · CIK: 1693577
Sentiment: neutral
Topics: 8-K, filing, regulatory
Related Tickers: MSNB
TL;DR
MSNB filed an 8-K, likely routine update, no major news.
AI Summary
On November 22, 2024, MainStreet Bancshares, Inc. filed an 8-K report. The filing indicates that the company is providing information under "Other Events" and is not reporting on a specific material event that requires immediate disclosure. The report was filed on November 22, 2024, with the SEC.
Why It Matters
This filing serves as a notification to the SEC and investors that MainStreet Bancshares, Inc. is submitting a current report, potentially containing updates or other relevant information.
Risk Assessment
Risk Level: low — The filing is a standard procedural report and does not disclose any new material risks or significant negative events.
Key Numbers
- 001-38817 — Commission File Number (Identifies the company's SEC filing history)
- 81-2871064 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- MainStreet Bancshares, Inc. (company) — Registrant
- November 22, 2024 (date) — Date of earliest event reported
- Virginia (jurisdiction) — State of Incorporation
- Fairfax (location) — Principal Executive Offices City
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report under "Other Events" and to provide notification to the SEC and investors of a current report being filed on November 22, 2024.
What specific material event is MainStreet Bancshares, Inc. reporting?
The filing does not specify a particular material event; it is filed under the general category of "Other Events" and serves as a current report.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on November 22, 2024.
Where are MainStreet Bancshares, Inc.'s principal executive offices located?
MainStreet Bancshares, Inc.'s principal executive offices are located at 10089 Fairfax Boulevard, Fairfax, VA 22030.
What is the company's state of incorporation?
The company's state of incorporation is Virginia.
Filing Stats: 677 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-11-22 11:35:07
Key Financial Figures
- $1.00 — ve Perpetual Preferred Stock, par value $1.00 per share (the "Series A Preferred Stoc
- $1,000 — Stock, with a liquidation preference of $1,000 per share of Series A Preferred Stock (
- $25 — Series A Preferred Stock (equivalent to $25 per Depositary Share), which represents
- $28,750,000 — per Depositary Share), which represents $28,750,000 in aggregate liquidation preference. T
- $0.47 — cash dividend equated to approximately $0.47 per Depositary Share, or $18.75 per sha
- $18.75 — ximately $0.47 per Depositary Share, or $18.75 per share of Series A Preferred Stock o
Filing Documents
- main20241120c_8k.htm (8-K) — 29KB
- logo01.jpg (GRAPHIC) — 6KB
- 0001437749-24-036012.txt ( ) — 193KB
- mnsb-20241122.xsd (EX-101.SCH) — 4KB
- mnsb-20241122_def.xml (EX-101.DEF) — 13KB
- mnsb-20241122_lab.xml (EX-101.LAB) — 18KB
- mnsb-20241122_pre.xml (EX-101.PRE) — 13KB
- main20241120c_8k_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. On November 22, 2024, the Board of Directors of MainStreet Bancshares, Inc. announced the declaration of a quarterly cash dividend on the outstanding shares of the Company's 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (the "Series A Preferred Stock"). On September 15 and 25, 2020, the Company issued an aggregate of 1,150,000 depositary shares (the "Depositary Shares"), each representing a 1/40th ownership interest in a share of the Series A Preferred Stock, with a liquidation preference of $1,000 per share of Series A Preferred Stock (equivalent to $25 per Depositary Share), which represents $28,750,000 in aggregate liquidation preference. The declared cash dividend equated to approximately $0.47 per Depositary Share, or $18.75 per share of Series A Preferred Stock outstanding. The cash dividend is payable on December 30, 2024, to shareholders of record as of the close of business on December 13, 2024. When, as, and if declared by the Board of Directors, future dividend payment dates on the Series A Preferred Stock and associated Depositary Shares will be payable quarterly, in arrears, on March 30, June 30, September 30 and December 30 of each year. The Company's Depositary Shares trade on the Nasdaq Capital Market under the symbol "MNSBP." The information furnished under Item 8.01 of this Current Report on Form 8-K shall not be deemed " filed " for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act " ), or otherwise subject to the liabilities of that Section, and it shall not be deemed incorporated by reference in any filing under the Exchange Act, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing to this Form 8-K.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MAINSTREET BANCSHARES, INC Date: November 22, 2024 By: /s/ Thomas J. Chmelik Name: Thomas J. Chmelik Title: Chief Financial Officer