Company: MGNO
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000927089-25-000061
Chunk: 137

Company: Magnolia Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9A
Chunk 137
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 of awards and vesting of benefits as described above, the restrictions described above may not be applicable.

We may obtain the shares needed for our stock-based benefit plans by issuing additional shares of common stock from authorized but unissued shares or through stock repurchases.

Item 12.         Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

Beneficial Ownership of Common Stock by Certain Beneficial Owners and 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,