---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-064223"
form_type: "8-K"
ticker: "MBIN"
cik: "0001629019"
company_name: "Merchants Bancorp"
filed_at: "2022-05-24T23:59:59+00:00"
generated_at: "2026-06-25T07:41:06.505144+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Merchants Bancorp increases authorized common shares to 75M; discloses 10b5-1 plan repurchases

## Summary
- Shareholders approved increase in authorized common shares from 50M to 75M and total shares from 55M to 80M on May 19, 2022.
- Company entered into Rule 10b5-1 plan on April 29, 2022 for stock repurchases, running from May 3, 2022 to May 2, 2023.
- Repurchase plan approved Nov 17, 2021 authorizes up to $75M of common stock through Dec 31, 2023; as of May 23, 2022 repurchased 75,000 shares.
- Second Amended and Restated Articles of Incorporation filed with Indiana Secretary of State on May 24, 2022.

## SEC filing metadata
- accession: 0001104659-22-064223
- form_type: 8-K
- ticker: MBIN
- cik: 0001629019
- company_name: Merchants Bancorp
- filed_at: 2022-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1629019/000110465922064223/0001104659-22-064223-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1629019/000110465922064223/tm2216698d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-064223
- JSON: https://secwatch.observer/filing/0001104659-22-064223.json
- Plain text: https://secwatch.observer/filing/0001104659-22-064223.txt

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