Company: MGNO
Filing Date: 2025-08-14
Form Type: DEF 14A
Source: 0000927089-25-000145
Chunk: 30

Company: Magnolia Bancorp, Inc.
Filing Date: 2025-08-14
Form: DEF 14A
Chunk 30
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 regarding whether the non-binding resolution to approve the compensation of our named executive officers should occur every three years, every two years or every year.

The Board of Directors asks that you support a frequency of every three years for future non-binding resolutions on compensation of our named executive officers. Setting an advisory vote every three years will be the most effective timeframe for Magnolia Bancorp to respond to shareholder feedback and provide us with sufficient time to engage with shareholders to understand and respond to the vote results.

The advisory 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 results on the advisory vote and take them into consideration when making future decisions regarding the frequency of submitting to shareholders the non-binding resolution to approve the compensation of our named executive officers.

<div align='center'>The Board of Directors recommends an advisory vote for a frequency of

THREE (3) YEARSfor future non-binding resolutions to approve the compensation

of our named executive officers.

21</div>

| BENEFICIAL OWNERSHIP OF COMMON STOCK        
 BY CERTAIN BENEFICIAL OWNERS AND MANAGEMENT |

The following tables below set forth, as of July 28, 2025 the voting record date, certain information as to our 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 our issued and outstanding common stock, (2) our directors and named executive officers, and (3) all directors and executive officers as a group.

| Name of Beneficial Owner                                      |     | Common Stock Beneficially Owned as 
 of July 28, 2025(1)                |        |        |     |            |     |   |
|                                                               |     | Amount                             |        |        |     | Percentage |     |   |
| 5% Shareholders:                                              |     |                                    |        |        |     |            |     |   |
| Magnolia Bancorp, Inc. Employee Stock Ownership Plan          
 2900 Clearview Parkway                                        
 Metairie, Luisiana 70006                                      |     |                                    | 66,700 |     -2 |     |            | 8.0 | % |
| Directors:                                                    |