MainStreet Bancshares, Inc 8-K, filed Apr 22, 2024
MainStreet Bancshares, Inc. (MNSB)
8-K
2024-04-22
For: 2024-04-22
View Original
Added on
April 09, 2026
About this 8-K
MainStreet Bancshares, Inc filed this 8-K on April 22, 2024.
Items reported
- Item 8.01: Other events
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): April 22, 2024
(Exact name of Registrant as Specified in Its Charter)
|
|
|
|
|
(State or Other Jurisdiction
of Incorporation)
|
(Commission File Number)
|
(IRS Employer
Identification No.)
|
|
|
|
|
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
(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:
|
Title of each class
|
Trading
Symbol(s)
|
Name of each exchange on which registered
|
||
|
|
|
The
|
||
|
interest in a share of 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock |
|
The
|
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 April 22, 2024, there was a miscommunication presented in the investor presentation provided by MainStreet Bancshares, Inc. (the "Company") regarding the weighted average loan-to-value (LTV) on multi-family non-owner occupied commercial real estate and the non-owner occupied commercial real estate portfolio overall. The correct weighted average LTV on the non-owner occupied commercial real estate portfolio is 63% and the weighted average LTV on the multi-family non-owner occupied portfolio is 69%. This information should be read in conjunction with the Company's most recent Annual Report on Form 10-K and all subsequent Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, each of which is available on the Securities and Exchange Commission’s website.
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.
|
|
|
MAINSTREET BANCSHARES, INC
|
|
|
|
|
|
|
|
Date: April 22, 2024
|
|
By:
|
/s/ Thomas J. Chmelik
|
|
|
|
|
Name: Thomas J. Chmelik
|
|
|
|
|
Title: Chief Financial Officer
|