---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-015826"
form_type: "8-K"
ticker: "MBWM"
cik: "0001042729"
company_name: "MERCANTILE BANK CORP"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:03:26.624539+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Mercantile Bank shareholders elect all six directors, approve 2023 incentive plan and auditor

## Summary
- Each of six director nominees elected with 9.2M-9.5M votes for; David Ramaker received 8.26M for, 1.45M withheld.
- Stock Incentive Plan of 2023 approved with 9.23M votes for, 458,822 against, 16,466 abstentions.
- Ratification of Plante & Moran as auditor for 2023 passed with 12.44M votes for, 68,537 against.
- Advisory vote on named executive officer compensation approved with 9.48M votes for, 195,851 against.

## SEC filing metadata
- accession: 0001437749-23-015826
- form_type: 8-K
- ticker: MBWM
- cik: 0001042729
- company_name: MERCANTILE BANK CORP
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1042729/000143774923015826/0001437749-23-015826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1042729/000143774923015826/mbwm20230525_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-015826
- JSON: https://secwatch.observer/filing/0001437749-23-015826.json
- Plain text: https://secwatch.observer/filing/0001437749-23-015826.txt

## Key facts
- Shareholder Votes
  MERCANTILE BANK CORP shareholders approved Ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2023 at the 2023-05-25 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: The votes cast on the ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2023 were as follows: Votes For Votes Against Abstentions Broker Non-Votes 12,443,677 68,537 9,793 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042729/000143774923015826/0001437749-23-015826-index.htm
- Shareholder Votes
  MERCANTILE BANK CORP shareholders approved Election of six directors, each for a one-year term at the 2023-05-25 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: The votes cast on the election of directors were as follows: Nominee Votes For Votes Withheld Abstentions Broker Non-Votes David M. Cassard 9,241,879 468,123 0 2,812,004 Michael S. Davenport 9,327,945 382,057 0 2,812,004 Michelle L. Eldridge 9,386,324 323,679 0 2,812,004 Robert B. Kaminski, Jr. 9,509,677 200,325 0 2,812,004 Michael H. Price 9,520,730 189,273 0 2,812,004 David B. Ramaker 8,262,894 1,447,108 0 2,812,004
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042729/000143774923015826/0001437749-23-015826-index.htm
- Shareholder Votes
  MERCANTILE BANK CORP shareholders approved Approval of the Mercantile Bank Corporation Stock Incentive Plan of 2023 at the 2023-05-25 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: The votes cast to approve the Mercantile Bank Corporation Stock Incentive Plan of 2023 were as follows: Votes For Votes Against Abstentions Broker Non-Votes 9,234,713 458,822 16,466 2,812,004
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042729/000143774923015826/0001437749-23-015826-index.htm
- Shareholder Votes
  MERCANTILE BANK CORP shareholders approved Advisory vote to approve the compensation of our named executive officers disclosed in our proxy statement for the Annual Meeting at the 2023-05-25 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: The votes cast on the advisory vote to approve the compensation of our named executive officers disclosed in our proxy statement for the Annual Meeting were as follows: Votes For Votes Against Abstentions Broker Non-Votes 9,480,832 195,851 33,318 2,812,004
  evidence_url: https://www.sec.gov/Archives/edgar/data/1042729/000143774923015826/0001437749-23-015826-index.htm

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