secwatch.observer — SEC 8-K summary
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Issuer:     Merchants Bancorp (MBIN)
CIK:        0001629019
Form:       8-K
Filed at:   2022-05-24T23:59:59+00:00
Accession:  0001104659-22-064223
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1629019/000110465922064223/0001104659-22-064223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1629019/000110465922064223/tm2216698d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-064223

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