secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0000776901-23-000134
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve Independent Bank Corp. 2023 Omnibus Incentive Plan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690123000134/0000776901-23-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690123000134/indb-20230518.htm
  HTML page:      https://secwatch.observer/filing/0000776901-23-000134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer