{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-022571","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2024-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.991337+00:00","generated_at":"2026-05-31T21:39:56.098910+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Mercantile Bank adopts 2024 executive bonus plan with $1.14M target pool","bullets":["Target bonus pool $1,137,897; maximum $1,706,845 based on six performance metrics.","Metrics: EPS (25% weight), ROA (12.5%), NIM (12.5%), efficiency ratio (12.5%), NPA (12.5%), loans-to-deposits (25%).","Named executives: CEO Reitsma, CFO Christmas, COO Setlock, CHRO Hoover, retired CEO Kaminski, and two other officers.","CEO target bonus 60% of salary (max 90%); CFO target 40% (max 60%); retired CEO target 55% (max 82.5%).","Bonuses earned under plan to be paid on or before March 15, 2025; subject to clawback provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-022571","json":"https://secwatch.observer/filing/0001437749-24-022571.json","markdown":"https://secwatch.observer/filing/0001437749-24-022571.md","text":"https://secwatch.observer/filing/0001437749-24-022571.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774924022571/0001437749-24-022571-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774924022571/mbwm20240709_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:39:56.098910+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"}