leadership
confidence high
sentiment neutral
materiality 0.20
Mercantile Bank adjusts board committees; Price steps down per shareholder policy
MERCANTILE BANK CORP
- Michael H. Price leaves Audit, Governance/Nominating, and Compensation Committees.
- Price also replaced as Executive Session Facilitator by Michael Davenport.
- Price remains Chairman of the Board; change effective May 13, 2022.
- Move follows discussions with institutional shareholders regarding former CEO committee membership.