{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-017240","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2022-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.758883+00:00","generated_at":"2026-06-24T13:02:17.956490+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Mercantile Bank adopts 2022 executive bonus plan with $729,950 pool","bullets":["Maximum bonus pool $729,950; payouts based on seven metrics: EPS (25%), NPA, NIM, revenue, efficiency ratio, ROA, ROE (12.5% each).","Pro rata allocation based on salary caps: CEO 55%, President 45%, CFO 35%, CRO 20%.","Bonuses payable on or before March 15, 2023, subject to clawback for inaccurate financials or misconduct.","Plan effective Jan 1, 2022; covers executives Kaminski, Reitsma, Christmas, Worthington."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-017240","json":"https://secwatch.observer/filing/0001437749-22-017240.json","markdown":"https://secwatch.observer/filing/0001437749-22-017240.md","text":"https://secwatch.observer/filing/0001437749-22-017240.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774922017240/0001437749-22-017240-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774922017240/mbwm20220715_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T13:02:17.956490+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}