{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-036177","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2024-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.471670+00:00","generated_at":"2026-05-29T18:33:19.786819+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Mercantile Bank adopts new deferred compensation plan for executives and directors","bullets":["Adopted Nonqualified Deferred Compensation Plan #2, effective Jan 1, 2025, replacing prior plan.","Eligible: directors and executive VPs; defer up to 80% salary, 100% bonus, 100% director fees.","No employer contributions; participants always 100% vested; account credited with investment returns.","Distributions: separation, death, disability, in-service (lump sum or 5-yr installments), or emergency.","Rabbi trust with Principal Trust Company holds assets; assets subject to general creditor claims."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-036177","json":"https://secwatch.observer/filing/0001437749-24-036177.json","markdown":"https://secwatch.observer/filing/0001437749-24-036177.md","text":"https://secwatch.observer/filing/0001437749-24-036177.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774924036177/0001437749-24-036177-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774924036177/mbwm20241122_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T18:33:19.786819+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"}