---
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"
generated_at: "2026-05-29T18:33:19.786819+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Mercantile Bank adopts new deferred compensation plan for executives and directors

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-036177
- JSON: https://secwatch.observer/filing/0001437749-24-036177.json
- Plain text: https://secwatch.observer/filing/0001437749-24-036177.txt

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