MainStreet Bancshares, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>MainStreet Bancshares, Inc. will hold its 2024 Annual Meeting of Shareholders virtually on May 15, 2024, with registration required by May 14.</b>

AI Summary

MainStreet Bancshares, Inc. (MNSBP) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. The 2024 Annual Meeting of Shareholders for MainStreet Bancshares, Inc. will be held virtually via live webcast on May 15, 2024, at 11:00 a.m. Eastern Time. Shareholders must register to attend the virtual meeting by 5:00 p.m. Eastern Time on May 14, 2024. Only shareholders who held shares as of the close of business on March 28, 2024, the record date, are eligible to vote. The company encourages shareholders to vote as soon as possible, whether or not they plan to attend the meeting. The proxy statement and annual report for the year ended December 31, 2023, are available on the SEC's website and the company's investor relations website.

Why It Matters

For investors and stakeholders tracking MainStreet Bancshares, Inc., this filing contains several important signals. The virtual meeting format aims to increase shareholder participation by removing geographical barriers. Shareholder participation through voting is crucial for the company's governance and decision-making processes.

Risk Assessment

Risk Level: low — MainStreet Bancshares, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, containing standard disclosures and no immediate financial or operational concerns.

Analyst Insight

Shareholders should review the proxy materials and vote their shares by the deadline to ensure their voice is heard in company matters.

Key Numbers

• May 15, 2024 — Annual Meeting Date (2024 Annual Meeting of Shareholders)
• May 14, 2024 — Registration Deadline (Deadline to register for the virtual meeting)
• March 28, 2024 — Record Date (Date to determine shareholder eligibility to vote)
• 11:00 a.m. ET — Meeting Start Time (Virtual Annual Meeting start time)
• 5:00 p.m. ET — Registration Cutoff (Cutoff time for virtual meeting registration)

Key Players & Entities

• MainStreet Bancshares, Inc. (company) — Registrant name
• Jeff W. Dick (person) — Chairman & Chief Executive Officer
• May 15, 2024 (date) — Date of Annual Meeting
• May 14, 2024 (date) — Registration deadline for Annual Meeting
• March 28, 2024 (date) — Record date for voting eligibility
• 11:00 a.m. Eastern Time (time) — Start time of Annual Meeting
• 5:00 p.m. Eastern Time (time) — End time for registration
• 10089 Fairfax Boulevard (address) — Company's business and mailing address

FAQ

Key Dates

• 2024-05-15: 2024 Annual Meeting of Shareholders — Shareholders will vote on company matters and hear updates.
• 2024-05-14: Registration Deadline for Virtual Meeting — Shareholders must register by this date to attend the virtual meeting.
• 2024-03-28: Record Date — Determines which shareholders are eligible to vote at the meeting.
• 2024-04-12: Filing Date of Proxy Statement — The date the definitive proxy statement was filed with the SEC.

Filing Documents

• d185941ddef14a.htm (DEF 14A) — 522KB
• g185941dsp02g02.jpg (GRAPHIC) — 8KB
• g185941dsp3.jpg (GRAPHIC) — 5KB
• g185941g12g12.jpg (GRAPHIC) — 82KB
• g185941g69g69.jpg (GRAPHIC) — 362KB
• g185941g70c70.jpg (GRAPHIC) — 228KB
• 0001193125-24-094614.txt (&nbsp;) — 1466KB

From the Filing

DEF 14A 1 d185941ddef14a.htm DEF 14A DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 MAINSTREET BANCSHARES, INC. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of filing fee (Check the appropriate box): No fee required Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 10089 Fairfax Boulevard Fairfax, Virginia 22030 (703) 481-4567 April 12, 2024 Dear Fellow Shareholder: You are invited to virtually attend the 2024 Annual Meeting of Shareholders for MainStreet Bancshares, Inc. The Annual Meeting will begin promptly at 11:00 a.m., Eastern Time, on May 15, 2024, via a live webcast. In each of the last three years weve held a virtual-only internet webcast Annual Meeting. We appreciate that this format allows for greater participation by our shareholders. Instructions and registration to attend this years Annual Meeting are available at www.proxydocs.com/MNSB . You will need to register to attend the meeting before 5:00 p.m., Eastern Time, on May 14, 2024. Only shareholders who held shares at the close of business on the record date, March 28, 2024, may vote at the Annual Meeting, including any adjournment or postponement thereof. Virtual attendance at the Annual Meeting is considered attendance in person. All the details of the business to be conducted at our Annual Meeting are included in the attached Notice of Annual of Shareholders and Proxy Statement. We encourage you to carefully read these materials. Weve included our Annual Report for the year-ended December 31, 2023 in this mailing, which is also available at the SECs website, www.sec.gov, and on our website, ir.mstreetbank.com. Your vote is very important, and I urge you to use this opportunity to take part in the affairs of your Company. Whether or not you expect to attend the Annual Meeting, please vote as soon as possible to ensure that your shares are represented at the Annual Meeting. On behalf of the Board of Directors, thank you for your commitment to our Company and MainStreet Bank. Sincerely, /s/ Jeff W. Dick Jeff W. Dick Chairman & Chief Executive Officer 10089 Fairfax Boulevard. Fairfax, Virginia 22030 (703) 481-4567 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD MAY 15, 2024 Notice is hereby given that the 2024 Annual Meeting of Shareholders of MainStreet Bancshares, Inc. (the Company) will be held as a virtual-only, Internet webcast meeting without a physical location on Wednesday, May 15, 2024, at 11:00 a.m., Eastern Time. A proxy card and a Proxy Statement for the Annual Meeting are enclosed. At the Annual Meeting, shareholders will be asked to: elect three directors for a term of three years each or until their successors are elected and qualify; ratify the appointment of Yount, Hyde & Barbour, P.C. as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2024; consider and act upon a proposal to amend the 2019 Equity Incentive Plan to increase the number of shares of common stock available for issuance from 650,000 shares to 1,150,000 shares; and consider and act upon a proposal to amend the Companys Restated Articles of Incorporation to increase the number of shares of authorized common stock of the Company from 10,000,000 to 15,000,000 shares. Shareholders will also be asked to consider any other business that is properly brought before the Annual Meeting, or any adjournment or postponement thereof. As of the date of this notice, we are not aware of any other business to come before the Annual Meeting. The Board of Directors has fixed the close of business on March 28, 2024, as the record date for the Annual Meeting. This means that shareholders of record at the close of business on that date are entitled to receive notice of and to vote at the Annual Meeting and any adjournment or postponement thereof. To attend the Annual Meeting, you must register in advance at www.proxydocs.com/MNSB prior to the deadline of May 14, 2024, at 5:00 p.m., Eastern Time. Upon completing your registration, you will receive further instructions via email, including your unique links that will allow you to access the Annual Meeting and will also permit you to submit questions . EACH SHAREHOLDER, WHETHER OR NOT HE OR SHE PLANS TO ATTEND THE ANNUAL MEETING, IS REQUESTED TO VOTE THE PROXY C

View Full Filing

View this DEF 14A filing on SEC EDGAR