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Get filing alertsMainStreet Bancshares declares $0.47 quarterly preferred dividend, holds annual meeting
Filed May 22, 2026 · Period ending May 22, 2026 · ~1 min read
Key Changes
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Board declared quarterly cash dividend of $0.47 per depositary share on Series A Preferred Stock, payable June 30, 2026 to holders of record June 15, 2025. Represents the 7.50% annual fixed rate on the preferred shares.
Item 8.01 verify on EDGAR → -
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Executive compensation vote passed with only 59% support (3.0M for vs 2.1M against), lower than typical approval margins. May signal shareholder concerns about pay levels despite non-binding nature of vote.
Item 5.07 verify on EDGAR → -
low
Four directors elected to three-year terms with majority support: Jeff Dick, Paul Haddock, Wendy Hall, and Terry Saeger. All nominees received over 3.8 million votes in favor.
Item 5.07 verify on EDGAR → -
low
Shareholders ratified Yount, Hyde & Barbour as independent auditor for fiscal 2026 with overwhelming support (5.8M for, 14K against). Routine annual confirmation of audit committee selection.
Item 5.07 verify on EDGAR →
Summary
MainStreet Bancshares filed routine corporate governance disclosures covering its May 21, 2026 annual shareholder meeting and a preferred stock dividend declaration. The company declared its regular quarterly dividend of $0.47 per depositary share on the 7.50% Series A Preferred Stock, maintaining its fixed payment schedule for preferred holders.
The annual meeting results were largely routine, with directors elected and the auditor ratified by wide margins. However, the executive compensation vote deserves attention: while it passed, only 59% of votes cast supported management's pay packages. This relatively weak showing—compared to the 98% approval for the auditor—suggests some shareholders may be questioning executive compensation levels or structure.
Preferred shareholders should mark June 15, 2025 as the record date for the upcoming dividend. Common shareholders and those tracking governance should watch whether management addresses compensation concerns in upcoming proxy materials, particularly if the say-on-pay margin remains weak in future votes.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Annual shareholder meeting held May 21, 2026: four directors elected, auditor ratified, executive compensation approved.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
At the 2026 Annual Meeting, the persons listed below were elected to serve as directors of the Company, each for a term of three years
Four directors were elected for three-year terms: Jeff W. Dick (4,268,213 for), Paul Thomas Haddock (3,822,639 for), Wendy Adeler Hall (4,257,870 for), and Terry M. Saeger (4,267,587 for). All nominees received majority support despite varying levels of withheld votes.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
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 June 30, 2026, to shareholders of record as of the close of business on June 15, 2025.
The dividend is $0.47 per depositary share (equivalent to $18.75 per underlying preferred share), payable June 30, 2026 to holders of record as of June 15, 2025. This represents the quarterly installment of the 7.50% annual rate on the $25 liquidation preference per depositary share.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On May 22, 2026, 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”).
The Board declared a quarterly dividend on the Series A Preferred Stock. This is a routine dividend payment for preferred shareholders and reflects the company's ongoing commitment to its stated 7.50% fixed dividend rate on this security class.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 25, 2026 · How we verify