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This Form 3 discloses that Donice L. Wagner, serving as EVP, Secretary and CFO and a director of Magnolia Bancorp, Inc. (MGNO), filed an initial beneficial ownership statement relating to the 09/18/2025 event. The filing shows 0 shares of Common Stock ($0.01 par) beneficially owned and indicates the form was signed on 09/22/2025. The document is an initial Section 16 filing and contains no derivative holdings or additional ownership details.
Magnolia Bancorp, Inc. held its annual meeting where shareholders elected the nominated directors and approved several corporate measures. Shareholders adopted the 2025 Stock Option Plan and the 2025 Recognition and Retention Plan and Trust Agreement, approved the selection of the company’s independent registered public accounting firm, and passed a non-binding resolution approving named executive officer compensation as well as an advisory vote setting the frequency of such compensation votes to every three years. The filing also discloses the resignation of positions and termination of employment agreement for Anita C. Cambre, effective September 18, 2025. Voting tallies in the filing include withheld votes and broker non-votes (e.g., 573,131, 25,100, and 110,666 as shown).
