Company: MGNO
Filing Date: 2025-08-14
Form Type: DEF 14A
Source: 0000927089-25-000145
Chunk: 4

Company: Magnolia Bancorp, Inc.
Filing Date: 2025-08-14
Form: DEF 14A
Chunk 4
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 before the meeting, in accordance with the best judgment of the persons appointed as proxies. Proxies solicited hereby may be exercised only at the annual meeting and any adjournment of the annual meeting and will not be used for any other meeting.

What vote is required to approve each item?

Directors are elected by a plurality of the votes cast with a quorum, a majority of the outstanding shares entitled to vote represented in person or by proxy, present. The two persons who receive the greatest number of votes of the holders of common stock represented in person or by proxy at the annual meeting will be elected directors. The affirmative vote of a majority of the total shares outstanding and entitled to vote at the annual meeting is required for approval of the proposals to adopt the 2025 Stock Option Plan and adopt the 2025 Recognition and Retention Plan and Trust Agreement. The affirmative vote of a majority of the votes cast by shareholders entitled to vote at the annual meeting is required for the approval of the proposal to ratify the appointment of our independent registered public accounting firm for the year ending December 31, 2025 and for approval of the proposal to adopt the non-binding resolution to approve the compensation of our named executive officers. The frequency of the advisory vote on the non-binding resolution to approve the compensation of our named executive officers receiving the greatest number of votes (either three years, two years or one year) will be the frequency that shareholders approve.

Because of the required vote on the proposals to adopt the 2025 Stock Option Plan and the 2025 Recognition and Retention Plan and Trust Agreement, abstentions will have the same effect as a vote against these proposals. For the same reason, the failure of any Magnolia Bancorp shareholder to vote by proxy or in person at the annual meeting will also have the effect of a vote against the proposals to adopt the 2025 Stock Option Plan and the 2025 Recognition and Retention Plan and Trust Agreement.

Do the stock benefit plans comply with applicable regulations?

Both the 2025 Stock Option Plan and the 2025 Recognition and Retention Plan comply with the conversion regulations of the Office of the Comptroller of the Currency (the “OCC”). The OCC does not endorse or approve either of the plans in any way.

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| INFORMATION WITH RESPECT TO NOMINEES FOR DIRECTOR, 
 CONTINUING DIRECTORS AND EXECUTIVE OFFICERS        |

Election of Directors (Proposal One)

Our Articles of Incorporation provide that the