---
schema_version: "secwatch.filing_event.v1"
accession: "0000776901-23-000134"
form_type: "8-K"
ticker: "INDB"
cik: "0000776901"
company_name: "INDEPENDENT BANK CORP"
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:47:23.118339+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Shareholders approve Independent Bank Corp. 2023 Omnibus Incentive Plan

## Summary
- Shareholders approved 2023 Omnibus Incentive Plan, authorizing up to 1,250,000 shares (less grants under prior plan after 12/31/22).
- Individual annual limits: 100,000 shares or $4M cash.
- Minimum vesting period of one year for equity awards, except for 5% of shares.
- Class III directors James O'Shanna Morton, Daniel F. O'Brien, Scott K. Smith reelected.
- Advisory vote on executive compensation approved; say-on-pay frequency set to one year.

## SEC filing metadata
- accession: 0000776901-23-000134
- form_type: 8-K
- ticker: INDB
- cik: 0000776901
- company_name: INDEPENDENT BANK CORP
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/776901/000077690123000134/0000776901-23-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776901/000077690123000134/indb-20230518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776901-23-000134
- JSON: https://secwatch.observer/filing/0000776901-23-000134.json
- Plain text: https://secwatch.observer/filing/0000776901-23-000134.txt

## Key facts
- Shareholder Votes
  INDEPENDENT BANK CORP shareholders approved Election of James O'Shanna Morton, Daniel F. O'Brien and Scott K. Smith as Class III Directors.
  - Proposal: director election
  - Outcome: passed
  source text: (1) Proposal to reelect, James O'Shanna Morton, Daniel F. O'Brien and Scott K. Smith as Class III Directors. All nominees were reelected. The results of voting were as follows: For Against Abstain Broker Non-Votes James O'Shanna Morton 32,949,922 2,587,751 42,507 3,978,639 Daniel F. O'Brien 32,470,013 3,067,317 42,850 3,978,639 Scott K. Smith 32,957,635 2,584,480 38,065 3,978,639
  evidence_url: https://www.sec.gov/Archives/edgar/data/776901/000077690123000134/0000776901-23-000134-index.htm
- Shareholder Votes
  INDEPENDENT BANK CORP shareholders approved Ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2023.
  - Proposal: auditor ratification
  - Outcome: passed
  source text: (2) Proposal to ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2023. The proposal was approved. The results of voting were as follows: For Against Abstain Broker Non-Votes 39,105,822 427,518 25,479 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/776901/000077690123000134/0000776901-23-000134-index.htm
- Shareholder Votes
  INDEPENDENT BANK CORP shareholders approved Approve the 2023 Plan.
  - Proposal: equity plan
  - Outcome: passed
  source text: (3) Proposal to approve the 2023 Plan. The proposal was approved. The results of voting were as follows: For Against Abstain Broker Non-Votes 34,434,376 1,051,230 94,574 3,978,639
  evidence_url: https://www.sec.gov/Archives/edgar/data/776901/000077690123000134/0000776901-23-000134-index.htm
- Shareholder Votes
  INDEPENDENT BANK CORP shareholders approved Approve, on an advisory basis, the frequency of future advisory votes on the compensation of our named executive officers.
  - Proposal: say on pay frequency
  - Outcome: passed
  source text: (5) Proposal to approve, on an advisory basis, the frequency of future advisory votes on the compensation of our named executive officers. The frequency of 1 Year received the highest number of votes. The results of voting were as follows: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 32,927,681 310,841 2,219,389 122,269 3,978,639
  evidence_url: https://www.sec.gov/Archives/edgar/data/776901/000077690123000134/0000776901-23-000134-index.htm
- Shareholder Votes
  INDEPENDENT BANK CORP shareholders approved Approve, on an advisory basis, the compensation of our named executive officers.
  - Proposal: say on pay
  - Outcome: passed
  source text: (4) Proposal to approve, on an advisory basis, the compensation of our named executive officers. The proposal was approved. The results of voting were as follows: For Against Abstain Broker Non-Votes 32,526,630 2,937,741 115,809 3,978,639
  evidence_url: https://www.sec.gov/Archives/edgar/data/776901/000077690123000134/0000776901-23-000134-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.