{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-018114","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2023-06-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.737792+00:00","generated_at":"2026-06-13T18:45:46.184514+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Mercantile Bank Corp adopts 2023 executive bonus plan with $884,496 max pool","bullets":["Maximum bonus pool of $884,496 allocated among 5 named executive officers, including CEO Robert Kaminski.","Bonuses tied to 7 metrics: EPS (25%), ROA, ROE, NIM, efficiency ratio, NPA, wholesale funds (12.5% each).","Each metric target independently; aggregate payout percentage applied to pool to determine Award Amount.","Individual payouts capped at % of salary: CEO 55%, President 50%, CFO 40%, HR Dir 30%, CRO 20%.","Earned bonuses paid on or before March 15, 2024; plan includes clawback provisions for inaccurate financials."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-018114","json":"https://secwatch.observer/filing/0001437749-23-018114.json","markdown":"https://secwatch.observer/filing/0001437749-23-018114.md","text":"https://secwatch.observer/filing/0001437749-23-018114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774923018114/0001437749-23-018114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774923018114/mbwm20230622_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T18:45:46.184514+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"}