other
confidence high
sentiment neutral
materiality 0.10
Mercantile Bank shareholders elect 8 directors, ratify auditor, approve say-on-pay at annual meeting
MERCANTILE BANK CORP
- All eight director nominees elected; votes for ranged from 9.06M (Ramaker) to 9.80M (Sanchez).
- Appointment of Plante & Moran as auditor ratified with 12.4M for, 79.9K against, 14.6K abstentions.
- Advisory say-on-pay passed: 9.33M for, 382.3K against, 180.3K abstentions.
- Broker non-votes: 2.60M on director election and say-on-pay; none on auditor ratification.