Middlefield Banc Corp. (NASDAQ:MBCN) Files An 8-K Submission of Matters to a Vote of Security Holders

ITEM5.07

Middlefield Banc Corp. (the Company) held its Annual Meeting of
Shareholders (the Meeting) on May10, 2017 in Aurora, Ohio. Five
proposals were voted upon at the Meeting, which were (1)the
election of four (4)persons to serve as directors of the Company
for a three-year term expiring at the 2020 Annual Meeting; (2)the
election of one person to serve as director of the Company for a
one-year term expiring at the 2018 Annual Meeting; (3)approving
the 2017 Omnibus Equity Plan; (4)approving a non-binding advisory
vote regarding the compensation of the Companys named executive
officers as disclosed in its proxy statement; and (5)the
ratification of the selection of S. R. Snodgrass, A.C. as the
independent registered public accountants for the fiscal year
ending December31, 2017. The proposals are described in detail in
the Proxy Statement mailed to shareholders on or about April4,
2017.

The results of the proposals appear below:

Proposal 1. Election of Directors for a three-year term:

Proposal 2. Election of Director for a one-year term:

Proposal 3. Approval of the 2017 Omnibus Equity Plan:

Proposal 4. Non-binding advisory vote approving the compensation
of the Companys executive officers as disclosed in the proxy
statement:

Proposal 5. Ratification of the selection of S. R. Snodgrass, A.
C. as independent registered public accountants.

About Middlefield Banc Corp. (NASDAQ:MBCN)

Middlefield Banc Corp. is a bank holding company. The Company’s subsidiaries include The Middlefield Banking Company (MBC) and EMORECO Inc. MBC is engaged in the general commercial banking business in northeastern and central Ohio. MBC offers customers a range of banking services, including checking, savings, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities and travelers’ checks. MBC offers online banking and bill payment services to individuals, and online cash management services to business customers through its Website at www.middlefieldbank.com. EMORECO engages in the resolution and disposition of troubled assets in central Ohio. MBC’s loan products include operational and working capital loans, loans to finance capital purchases, term business loans, residential construction loans, selected guaranteed or subsidized loan programs for small businesses, and consumer installment loans.

Middlefield Banc Corp. (NASDAQ:MBCN) Recent Trading Information

Middlefield Banc Corp. (NASDAQ:MBCN) closed its last trading session up +0.25 at 46.25 with 662 shares trading hands.