leadership
confidence high
sentiment neutral
materiality 0.40
Mercantile Bank board committee changes; former CEO Price steps down from three committees
MERCANTILE BANK CORP
- Michael H. Price resigns from Audit, Governance and Nominating, and Compensation Committees, effective immediately.
- Director Michael Davenport replaces Price as Executive Session Facilitator; Price remains Chairman of the Board.
- Change follows engagement with institutional shareholders who object to former CEOs serving on key committees.