---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-098918"
form_type: "8-K"
ticker: "MBIN"
cik: "0001629019"
company_name: "Merchants Bancorp"
filed_at: "2024-09-11T23:59:59+00:00"
generated_at: "2026-05-31T05:27:00.119588+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-098918
- form_type: 8-K
- ticker: MBIN
- cik: 0001629019
- company_name: Merchants Bancorp
- filed_at: 2024-09-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1629019/000110465924098918/0001104659-24-098918-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1629019/000110465924098918/tm2423806d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-098918
- JSON: https://secwatch.observer/filing/0001104659-24-098918.json
- Plain text: https://secwatch.observer/filing/0001104659-24-098918.txt

## Key facts
- Executive change
  John F. Macke departed as Chief Financial Officer at Merchants Bancorp.
  - Action: retire
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629019/000110465924098918/0001104659-24-098918-index.htm
- Executive change
  Sean Sievers was appointed as Chief Financial Officer at Merchants Bancorp.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629019/000110465924098918/0001104659-24-098918-index.htm

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