Company: MGNO
Filing Date: 2025-08-14
Form Type: DEF 14A
Source: 0000927089-25-000145
Chunk: 29

Company: Magnolia Bancorp, Inc.
Filing Date: 2025-08-14
Form: DEF 14A
Chunk 29
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, Chair         |
| John H. Andressen              |
| Peyton B. Burkhalter           |

<div align='center'>20</div>

| PROPOSAL TO ADOPT A NON-BINDING RESOLUTION TO APPROVE THE    
 COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS (Proposal Five) |

Pursuant to Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), the proxy rules of the Securities and Exchange Commission were amended to require that not less frequently than once every three years, a proxy statement for an annual meeting of shareholders for which the proxy solicitation rules of the Securities and Exchange Commission require compensation disclosure must also include a separate resolution subject to shareholder vote to approve the compensation of the company’s named executive officers disclosed in the proxy statement.

The executive officers named in the summary compensation table and deemed to be “named executive officers” are Mr. Michael L. Hurley and Anita C. Cambre. Reference is made to the summary compensation table and disclosures set forth under “Executive Compensation” in this proxy statement.

The proposal gives shareholders the ability to vote on the compensation of our named executive officers through the following resolution:

“Resolved, that the shareholders approve the compensation of the named executive officers as disclosed in this proxy statement.”

The shareholder vote on this proposal is not binding on Magnolia Bancorp or the Board of Directors and cannot be construed as overruling any decision made by the Board of Directors. However, the Board of Directors of Magnolia Bancorp will review the voting results on the non-binding resolution and take them into consideration when making future decisions regarding executive compensation.

<div align='center'>The Board of Directors recommends that you voteFORthe non-binding resolution

to approve the compensation of our named executive officers.</div>

| ADVISORY VOTE ON THE FREQUENCY OF THE NON-BINDING RESOLUTION TO         
 APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS (Proposal Six) |

Section 951 of the Dodd-Frank Act also amended the proxy rules of the Securities and Exchange Commission to require that not less frequently than once every six years, a proxy statement for an annual meeting of shareholders for which the proxy solicitation rules of the Securities and Exchange Commission require compensation disclosure must also include a separate proposal subject to shareholder vote to determine whether the shareholder vote to approve the compensation of the named executive officers will occur every one, two or three years.

Accordingly, we are seeking a shareholder vote