Merchants Bancorp appoints Sean Sievers as CFO, succeeding retiring John Macke

Merchants Bancorp

Sievers appointed CFO effective Sept 9, 2024; also principal accounting officer and CFO of Merchants Bank of Indiana.
John Macke to retire Sept 27, 2024; shared duties until then, previously CFO since 2017 and led IPO.
Sievers compensation: $600K base salary, target cash/equity incentives of 50% each, one-time $250K cash and $250K equity awards.
Sievers previously CFO at Rate (Guaranteed Rate) and held CFO roles at Countrywide, Freddie Mac, SunTrust, CitiMortgage.
Macke helped grow Merchants from $3B to $18B in assets; company assets $18.2B as of June 30, 2024.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John F. Macke

Chief Financial Officer

MBIN · Merchants Bancorp

Effective: 2024-09-27
Successor: Sean Sievers
Filed: September 11, 2024, 7:59 PM ET

As previously announced by the Company on March 7, 2024, the Company’s current Chief Financial Officer, John F. Macke, intends to retire. Mr. Macke’s last day with the Company will be September 27, 2024.

Appointed

Sean Sievers

Chief Financial Officer

MBIN · Merchants Bancorp

Effective: 2024-09-09
Filed: September 11, 2024, 7:59 PM ET

The Board of Directors (“Board”) of Merchants Bancorp (the “Company”) has appointed Sean Sievers as the Company’s Chief Financial Officer effective September 9, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John F. Macke departed as Chief Financial Officer at Merchants Bancorp.

Action: retire
Role: Chief Financial Officer

Exact text from the filing

As previously announced by the Company on March 7, 2024, the Company’s current Chief Financial Officer, John F. Macke, intends to retire. Mr. Macke’s last day with the Company will be September 27, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sean Sievers was appointed as Chief Financial Officer at Merchants Bancorp.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

The Board of Directors (“Board”) of Merchants Bancorp (the “Company”) has appointed Sean Sievers as the Company’s Chief Financial Officer effective September 9, 2024.

View on SEC.gov

Merchants Bancorp filing history →

Source: SEC EDGAR

accession 0001104659-24-098918

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