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United
States
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): May 16, 2024
Merchants Bancorp
(Exact Name of Registrant as Specified
in its Charter)
Indiana |
|
001-38258 |
|
20-5747400 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
410 Monon Boulevard
Carmel, Indiana 46032
(Address of Principal Executive Offices) (Zip Code)
(317) 569-7420
(Registrant’s Telephone Number, Including
Area Code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section
12(b) of the Act:
Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
Common Stock, without par value |
MBIN |
NASDAQ |
Depositary Shares, each representing a 1/40th interest in a share of Series B Preferred Stock, without par value |
MBINO |
NASDAQ |
Depositary
Shares, each representing a 1/40th interest in a share of Series C Preferred Stock, without par value |
MBINN |
NASDAQ |
Depositary
Shares, each representing a 1/40th interest in a share of Series D Preferred Stock, without par value |
MBINM |
NASDAQ |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
|
Emerging growth company |
¨ |
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.07
Submission of Matters to a Vote of Security Holders.
Merchants Bancorp (the “Company”) held its Annual Meeting
of Shareholders on May 16, 2024. Matters voted upon by holders of the Company’s common stock were:
| (1) | election of eleven (11) directors to the Company’s Board of Directors; |
| (2) | a non-binding, advisory vote on the compensation of the Company’s named executive officers; and |
| (3) | ratification of the appointment of FORVIS, LLP as the independent registered public accounting firm of the Company for the fiscal year
ending December 31, 2024. |
The final number of votes cast for, against, or withheld, as well as
the number of abstentions and broker non-votes, for each matter are detailed below.
| 1. | Election of eleven (11) members to the Company’s
Board of Directors to serve until the Company’s 2025 annual meeting of shareholders and until his or her successor has been duly
elected and qualified, or until his or her earlier resignation, removal, or death: |
Director Nominee |
|
For |
|
Withheld |
|
Broker Non-Votes |
Michael F. Petrie |
|
25,781,522 |
|
531,979 |
|
2,198,229 |
Randall D. Rogers |
|
25,471,779 |
|
841,722 |
|
2,198,229 |
Tamika D. Catchings |
|
21,400,643 |
|
4,912,858 |
|
2,198,229 |
Thomas W. Dinwiddie |
|
25,437,539 |
|
875,962 |
|
2,198,229 |
Michael J. Dunlap |
|
25,866,488 |
|
447,013 |
|
2,198,229 |
Scott A. Evans |
|
25,859,162 |
|
454,339 |
|
2,198,229 |
Sue Anne Gilroy |
|
21,412,658 |
|
4,900,843 |
|
2,198,229 |
Andrew A. Juster |
|
21,388,203 |
|
4,925,298 |
|
2,198,229 |
Patrick D. O’Brien |
|
21,320,419 |
|
4,993,082 |
|
2,198,229 |
Anne E. Sellers |
|
20,425,722 |
|
5,887,779 |
|
2,198,229 |
Davie N. Shane |
|
21,314,089 |
|
4,999,412 |
|
2,198,229 |
| 2. | A non-binding, advisory vote on the compensation of the Company’s named executive officers. |
For |
|
Against |
|
Abstentions |
|
Broker Non-Votes |
18,673,178 |
|
7,634,582 |
|
5,741 |
|
2,198,229 |
| 3. | Ratification of the appointment of FORVIS, LLP as the independent
registered public accounting firm of the Company for the fiscal year ending December 31, 2024. |
For |
|
Against |
|
Abstentions |
|
Broker Non-Votes |
28,302,072 |
|
204,689 |
|
4,969 |
|
0 |
Item 8.01 Other Events.
On May 16, 2024, the Company issued a press release announcing
that the Company’s Board of Directors declared the following quarterly cash dividends:
| · | $0.09 per share on the Company’s outstanding shares of its common stock; |
| · | $15.00 per share (equivalent to $0.375 per depositary share) on the Company’s outstanding shares of its 6% Series B preferred
stock; |
| · | $15.00 per share (equivalent to $0.375 per depositary share) on the Company’s outstanding shares of its 6% Series C preferred
stock; and |
| · | $20.625 per share (equivalent to $0.5156 per depositary share) on the Company’s outstanding shares of its 8.25% Series D
preferred stock. |
Each of the dividends are payable on July 1, 2024 to shareholders
of record on June 14, 2024.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURE
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.
|
MERCHANTS BANCORP |
|
|
|
Date: May 16, 2024 |
By: |
/s/ Terry Oznick |
|
|
Name: |
Terry Oznick |
|
|
Title: |
General Counsel and Secretary |
Exhibit 99.1
PRESS RELEASE
Merchants Bancorp Declares Quarterly
Common and Preferred Dividends
For Release May 16, 2024
CARMEL, Indiana – Merchants Bancorp
(“Merchants”) (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana (“Merchants
Bank”), today announced that its Board of Directors declared the following quarterly cash dividends for the second quarter of 2024,
in each case to shareholders of record on June 14, 2024, payable on July 1, 2024:
| · | A dividend of $0.09 per share on the Company’s outstanding shares of
its common stock (NASDAQ:MBIN); |
| · | A dividend of $15.00 per share (equivalent to $0.375 per depositary share)
on the Company’s outstanding shares of its 6% Series B preferred stock (NASDAQ:MBINO); |
| · | A dividend of $15.00 per share (equivalent to $0.375 per depositary share)
on the Company’s outstanding shares of its 6% Series C preferred stock (NASDAQ:MBINN); |
| · | A dividend of $20.625 per share (equivalent to $0.5156 per depositary share)
on the Company’s outstanding shares of its 8.25% Series D preferred stock (NASDAQ:MBINM). |
ABOUT MERCHANTS BANCORP
Ranked as a top performing
U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana
operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing
and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential
mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $17.8 billion in assets and $14.0
billion in deposits as of March 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants
Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management,
LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana. For more information and financial data, please visit Merchants’
Investor Relations page at investors.merchantsbancorp.com.
Media Contact: Rebecca Marsh
Merchants Bancorp
Phone: (317) 805-4356
Email: rmarsh@merchantsbankofindiana.com
Investor Contact: Tami Durle
Merchants Bancorp
Phone: (317) 324-4556
Email: tdurle@merchantsbankofindiana.com
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May 16, 2024 |
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IN
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NASDAQ
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Depositary
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Merchants Bancorp (NASDAQ:MBINO)
過去 株価チャート
から 8 2024 まで 9 2024
Merchants Bancorp (NASDAQ:MBINO)
過去 株価チャート
から 9 2023 まで 9 2024