UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Date of Report: Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification Number)
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| (Registrant’s telephone number, including area code) |
(not applicable)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
| (NASDAQ Capital Market) |
Item 5.02(e) Compensatory Arrangements of Certain Officers
On February 12, 2024, the Board of Directors of The Middlefield Banking Company, a wholly owned subsidiary of Middlefield Banc Corp., approved cash bonus payments to be made to President and Chief Executive Officer Ronald L. Zimmerly, Jr. ($26,240) and Executive Vice President and Chief Financial Officer Michael C. Ranttila ($20,066). The cash bonus payments were based on the Compensation Committee’s evaluation of certain individual and corporate performance objectives achieved during the 2023 fiscal year. The cash bonus payments will be paid no later than March 8, 2024.
EXHIBITS
104 Cover Page Interactive File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MIDDLEFIELD BANC CORP. | ||||||
| Date: March 8, 2024 | /s/ Ronald L. Zimmerly, Jr. | |||||
| President and CEO | ||||||
Document and Entity Information |
Feb. 12, 2024 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | MIDDLEFIELD BANC CORP |
| Amendment Flag | false |
| Entity Central Index Key | 0000836147 |
| Document Type | 8-K |
| Document Period End Date | Feb. 12, 2024 |
| Entity Incorporation State Country Code | OH |
| Entity File Number | 001-36613 |
| Entity Tax Identification Number | 34-1585111 |
| Entity Address, Address Line One | 15985 East High Street |
| Entity Address, City or Town | Middlefield |
| Entity Address, State or Province | OH |
| Entity Address, Postal Zip Code | 44062 |
| City Area Code | (440) |
| Local Phone Number | 632-1666 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |
| Security 12b Title | Common Stock, no par value |
| Trading Symbol | MBCN |
| Security Exchange Name | NASDAQ |
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