SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 16, 2003
MainStreet BankShares, Inc.
(Exact name of registrant as specified in its charter)
| Virginia | 333-86993 | 54-1956616 | ||
| (State or other Jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| Suite 12, Patrick Henry Mall, 730 East Church Street, Martinsville, Virginia | 24112 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (276) 632-8054
(Former name or former address, if changed since last report.)
Item 5. Other Events and Regulation FD Disclosure.
Mr. William S. Clark has resigned his position as Executive Vice President and Chief Operating Officer of MainStreet BankShares, Inc. and from the Company’s Board of Directors. In conjunction with Mr. Clark’s resignation, the Company has agreed to pay Mr. Clark $214,700 as severance and granted him options to purchase 30,000 shares of the Company’s common stock at an exercise price of $10.50 per share.
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.
Date: June 17, 2003 | /s/ C. R. MCCULLAR | |||
C. R. McCullar President and CEO | ||||
Date: June 17, 2003 | /s/ BRENDA H. SMITH | |||
Brenda H. Smith Executive Vice President Chief Financial Officer and Corporate Secretary | ||||
