Company: MGNO
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000927089-25-000061
Chunk: 48

Company: Magnolia Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 48
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 Management 

The following table sets forth as of February 28, 2025, certain information as to the common stock beneficially owned by (1) each person or entity, including any “group” as that term is used in Section 13(d)(3) of the Securities Exchange Act of 1934, who or which was known to us to be the beneficial owner of more than 5% of the issued and outstanding common stock, (2) our directors and named executive officers, and (3) all directors and executive officers of Magnolia Bancorp as a group.

      Name of Beneficial Owner or Number of Persons in Group 
      
      Amount and Nature of Beneficial Ownership as of February 28, 2025(1) 
      
     Percent of Common Stock

      5% Shareholders: 

      Magnolia Bancorp, Inc. Employee Stock Ownership Plan 2900 Clearview Parkway Metairie, Luisiana 70006 

     66,700
     (2)
     8.0
     %

      Directors: 

      Michael L. Hurley 

     36,687
     (3)(4)
     4.4
     %

      John H. Andressen 

     5,000
     (3)*

      Peyton B. Burkhalter 

     5,000
     (3)*

      Anita C. Cambre 

     --
     *

      Robert M. Hurley 

     5,000
     (3)(5)*

      Jason L. Manson 

     5,000
     (6)*

      All Directors and Executive Officers as a Group (six persons) 

     56,687
     (6)(14)
     6.8
     %

___________________

*         Represents less than 1% of our outstanding common stock.

      (1) 
      Based upon filings made pursuant to the Securities Exchange Act of 1934 and information furnished by the respective individuals. Under regulations promulgated pursuant to the Securities Exchange Act of 1934, shares of common stock are deemed to be beneficially owned by a person if he or she directly or indirectly has or shares (i) voting power, which includes the power to vote or to direct the voting of the shares, or (ii) investment power, which includes the power to dispose or to direct the disposition of the shares. Unless otherwise indicated, the named beneficial owner has sole voting and dispositive power with respect