Business Context and Reporting Period
Mainstreet Bancshares, Inc. (MNSB) filed this Form 8-K on May 20, 2020, to report the results of its 2020 Annual Meeting of Stockholders held on the same date. The company is incorporated in Virginia and its common stock trades on The Nasdaq Stock Market LLC.
Key Financial Metrics
This filing is a Current Report regarding corporate governance events and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
The filing reports the successful election of three directors and the ratification of the independent registered public accounting firm. There are no material changes to financial operations or capital structure disclosed in this specific report.
Corporate Governance and Voting Results
- Election of Directors: Three directors were elected for three-year terms.
- Jeff W. Dick: 4,258,722 votes FOR; 383,349 votes WITHHELD.
- Paul Thomas Haddock: 4,531,706 votes FOR; 110,365 votes WITHHELD.
- Terry M. Saeger: 4,533,386 votes FOR; 108,685 votes WITHHELD.
There were 928,774 broker non-votes for each nominee.
- Ratification of Auditors: Stockholders ratified the appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for fiscal 2020.
- FOR: 5,547,942
- AGAINST: 20,047
- ABSTAIN: 2,856
Investor Verification Checklist
- Verify the official appointment of Yount, Hyde & Barbour, P.C. as the auditor for fiscal 2020.
- Confirm the three-year terms for the newly elected directors: Jeff W. Dick, Paul Thomas Haddock, and Terry M. Saeger.
- Review the company's most recent 10-K or 10-Q filings for financial performance data, as this 8-K contains no financial metrics.