secwatch.observer — SEC 8-K summary
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Issuer:     Merchants Bancorp (MBIN)
CIK:        0001629019
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001104659-24-098918
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1629019/000110465924098918/0001104659-24-098918-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1629019/000110465924098918/tm2423806d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098918

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