[8-K] MainStreet Bancshares, Inc. Reports Material Event
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
MainStreet Bancshares, Inc. reported that its Board of Directors declared a quarterly cash dividend on its 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The preferred stock is represented by 1,150,000 depositary shares, each equal to a 1/40th interest in a preferred share, with a liquidation preference of $1,000 per preferred share, or $25 per depositary share, totaling $28,750,000 in aggregate liquidation preference.
The declared dividend is approximately $0.47 per depositary share, or $18.75 per preferred share, payable on December 30, 2025 to holders of record as of December 15, 2025. Future dividends on this preferred series and related depositary shares are expected, when declared, to be paid quarterly in arrears on March 30, June 30, September 30 and December 30 each year. The depositary shares trade on the Nasdaq Capital Market under the symbol MNSBP.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 21, 2025
(Exact name of Registrant as Specified in Its Charter)
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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(Address of Principal Executive Offices)
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(Zip Code)
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(703 ) 481-4567
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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The
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interest in a share of 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock) |
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The
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On November 21, 2025, 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, 2025, to shareholders of record as of the close of business on December 15, 2025. 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
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.
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MAINSTREET BANCSHARES, INC
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Date: November 21, 2025
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By:
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/s/ Thomas J. Chmelik
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Name: Thomas J. Chmelik
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Title: Chief Financial Officer
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FAQ
What dividend did MainStreet Bancshares (MNSB) declare on its preferred stock?
MainStreet Bancshares declared a quarterly cash dividend of approximately $0.47 per Depositary Share, or $18.75 per share of its 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
When is the MainStreet Bancshares (MNSB) preferred dividend record and payment date?
The dividend is payable on December 30, 2025 to shareholders of record as of the close of business on December 15, 2025.
How many MainStreet Bancshares (MNSB) depositary shares are outstanding for the Series A preferred?
MainStreet Bancshares issued an aggregate of 1,150,000 Depositary Shares, each representing a 1/40th ownership interest in a share of its 7.50% Series A Preferred Stock.
What is the liquidation preference of MainStreet Bancshares’ Series A preferred stock?
The Series A Preferred Stock has a $1,000 liquidation preference per share, equivalent to $25 per Depositary Share, for an aggregate liquidation preference of $28,750,000.
How often does MainStreet Bancshares plan to pay dividends on its Series A preferred stock?
When, as, and if declared by the Board of Directors, dividends on the Series A Preferred Stock and related Depositary Shares will be payable quarterly, in arrears on March 30, June 30, September 30, and December 30 of each year.
Under what ticker do MainStreet Bancshares’ preferred depositary shares trade?
The Depositary Shares representing interests in the 7.50% Series A Preferred Stock trade on the Nasdaq Capital Market under the symbol MNSBP.
Mainstreet Bancshares Inc