MB Bancorp, Inc. (OTCMKTS:MBCQ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
(b) On June 27, 2017, MB Bancorp, Inc. (the “Company”) announced that William D. Schmidt, Sr. notified the Board that he is retiring from his position as a director of the Company and its subsidiary, Madison Bank of Maryland (the “Bank”), effective June 27, 2017. Mr. Schmidt’s retirement was not related to a disagreement with the Company or the Bank on any matter relating to the Company’s or the Bank’s operations, policies or practices. The Bank Board of Directors appointed Mr. Schmidt as a Director Emeritus effective upon his retirement.