8-K
filed May 9, 2024, 7:59 PM ET
ticker FRME
CIK 0000712534
other material
confidence high
sentiment neutral
materiality 0.15
First Merchants shareholders approve all proposals at 2024 annual meeting
FIRST MERCHANTS CORP
- Elected directors Becher, Fehring, Hardwick, Sondhi to three-year terms; strong support (40M+ votes each).
- Advisory vote on executive compensation passed with 42.7M for versus 3.4M against.
- Approved 2024 Long-Term Equity Incentive Plan, Employee Stock Purchase Plan, and Non-Employee Director plan.
- Approved amendments to Articles: shareholder bylaw amendment, phased-in board declassification, majority voting.
- Ratified FORVIS, LLP as independent auditor for 2024 with over 50M votes in favor.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Approval of 2024 Long-Term Equity Incentive Plan at the 2024-05-07 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
Approval of 2024 Long-Term Equity Incentive Plan: FOR AGAINST ABSTAIN BROKER NON-VOTES 43,587,327 2,538,796 123,269 5,633,279 5.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Approval of FORVIS, LLP as independent auditor for 2024 at the 2024-05-07 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
Approval of FORVIS, LLP as independent auditor for 2024: FOR AGAINST ABSTAIN BROKER NON-VOTES 50,041,948 1,789,147 51,576 — 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.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Approval of an amendment to the Company’s Articles of Incorporation to provide for a phased-in declassification of the Company’s Board of Directors at the 2024-05-07 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
Approval of an amendment to the Company’s Articles of Incorporation to provide for a phased-in declassification of the Company’s Board of Directors: FOR AGAINST ABSTAIN BROKER NON-VOTES 45,651,697 386,458 211,237 5,633,279 9.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Approval of the Equity Compensation Plan for Non-Employee Directors at the 2024-05-07 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
Approval of the Equity Compensation Plan for Non-Employee Directors: FOR AGAINST ABSTAIN BROKER NON-VOTES 45,100,088 1,013,872 135,432 5,633,279 7.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Approval of an amendment to the Company’s Articles of Incorporation giving shareholders the ability to amend the Company’s Bylaws at the 2024-05-07 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
Approval of an amendment to the Company’s Articles of Incorporation giving shareholders the ability to amend the Company’s Bylaws: FOR AGAINST ABSTAIN BROKER NON-VOTES 45,283,023 812,536 153,833 5,633,279 8.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Approval, on an advisory basis, of the frequency of advisory votes on executive compensation at the 2024-05-07 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
the shareholders voted to approve, on an advisory basis, “One Year” as the frequency of voting on executive compensation.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Approval of an amendment to the Company’s Articles of Incorporation to require majority voting in uncontested director elections at the 2024-05-07 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
an amendment to the Company’s Articles of Incorporation to require majority voting in uncontested director elections
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Approval, on an advisory basis, of the compensation of Corporation’s named executive officers at the 2024-05-07 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
The shareholders adopted a non-binding resolution approving the compensation of the Corporation’s executive officers
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Approval of 2024 Employee Stock Purchase Plan at the 2024-05-07 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
Approval of 2024 Employee Stock Purchase Plan: FOR AGAINST ABSTAIN BROKER NON-VOTES 45,814,799 396,550 38,043 5,633,279 6.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
FIRST MERCHANTS CORP shareholders approved Election of Directors at the 2024-05-07 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
Michael R. Becher, Patrick J. Fehring, Mark K. Hardwick and Jason R. Sondhi were elected to the Board of Directors for three-year terms expiring at the 2027 annual meeting of shareholders.
View on SEC.gov
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