First Merchants adopts shareholder bylaw amendment, board declassification, majority voting

FIRST MERCHANTS CORP

Shareholders granted the right to amend the company's Bylaws.
Board will be declassified over three years; all directors elected annually by 2027.
Uncontested director elections will use majority voting; contested elections retain plurality standard.
Amendments approved at May 7, 2024 annual meeting and effective May 20, 2024.

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