UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 11, 2022, Middlefield Banc Corp. (the “Company”) announced the appointment of Michael C. Ranttila as Vice President of Finance for the Company.
Mr. Ranttila, age 49, will continue to serve as Executive Vice President and Chief Financial Officer of The Middlefield Banking Company (the “Bank”), the banking subsidiary of the Company, a position that he has held since November 2019. A certified public accountant, Mr. Ranttila first joined the Bank in March 2011 as Controller. Prior thereto, he worked for Crowe LLP as an auditor of community banks.
Mr. Ranttila’s base salary will remain at $200,000, subject to annual review, and he will continue to be eligible to participate in the Company’s broad-based employee benefit plans. Mr. Ranttila does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
ITEM 7.01. REGULATION FD DISCLOSURE
On May 12, 2022, the Company issued a press release announcing Mr. Ranttila’s appointment as Vice President of Finance. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information disclosed under this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibits
The following exhibit is furnished to this Current Report on Form 8-K:
(d) Exhibits.
| 99.1 | May 12, 2022 press release of Middlefield Banc Corp. | |
| 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: May 12, 2022 | /s/ James R. Heslop, II | |||||
| President and Chief Executive Officer | ||||||