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 Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) and (c)On November 23, 2016, MB Bancorp, Inc. (the Company)
and Madison Bank of Maryland (the Bank) appointed John Wright as
Executive Vice President and Chief Financial Officer of the
Company and the Bank, effective December 19, 2016. John Wright,
age 50, has been Chief Financial Officer of Glen Burnie Bancorp
and Senior Vice President, Treasurer and Chief Financial Officer
of The Bank of Glen Burnie since September 28, 2015 and effective
February 11, 2016 was appointed Executive Vice President of both
those entities. Mr. Wright has been in the banking industry for
over 25 years. He served as Senior Vice President/Chief Financial
Officer of The Patapsco Bank from April 2012 until its
acquisition by Howard Bancorp, Inc. in August 2015. Mr. Wright
remained at Howard Bancorp. Inc. until September 2015. He was a
private consultant from September 2011 through April 2012. Prior
to that, from April 2008 until September 2011, Mr. Wright was
Deputy CEO and Chief Financial Officer of CGI North America, a
subsidiary of Societe Generale, and from February 1990 through
March 2008, Mr. Wright served in increasingly senior positions in
the banking industry. Mr. Wright received a Bachelor of Science
degree in accounting from University of Maryland in 1988, and
became a certified public accountant in 1990.
Mr. Wright is not a party to, nor does he have a direct or
indirect material interest in, any transaction or proposed
transaction in which the Company or the Bank or any affiliate
thereof was or is a participant.
Upon the effectiveness of Mr. Wrights appointment as Executive
Vice President and Chief Financial Officer of the Company and the
Bank, Ms. Robin L. Taylor intends to resign from her position as
Chief Financial Officer of the Company and the Bank, but will
continue her employment with the Bank.
| Item 8.01 | Other Items. |
On November 28, 2016, the Company issued a press release
announcing Mr. Wrights appointment as Chief Financial Officer of
the Company and the Bank effective December 19, 2016. A copy of
the press release is attached as Exhibit 99.1 hereto and
incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits: |
| 99.1 | Press Release dated November 28, 2016 |
About MB Bancorp, Inc. (OTCMKTS:MBCQ)
MB Bancorp, Inc. (OTCMKTS:MBCQ) Recent Trading Information
MB Bancorp, Inc. (OTCMKTS:MBCQ) closed its last trading session up +0.49 at 14.49 with 300 shares trading hands.
