{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-008596","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2025-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.778917+00:00","generated_at":"2026-05-24T09:40:25.300311+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Mercantile Bank adopts 2025 executive bonus plan with metrics-based pool up to $1.6M","bullets":["Target bonus pool $1,071,011; max $1,606,516 based on six financial metrics.","Metrics: EPS (25%), ROA (12.5%), NIM (12.5%), efficiency ratio (12.5%), non-performing assets (12.5%), loans-to-deposits (25%).","CEO target 60% salary (max 90%); CFO 40% (max 60%); COO 35% (max 52.5%).","Award paid pro rata based on uniform percentage of 2025 salary; payouts by March 15, 2026.","Plan subject to clawback; effective Jan 1, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-008596","json":"https://secwatch.observer/filing/0001437749-25-008596.json","markdown":"https://secwatch.observer/filing/0001437749-25-008596.md","text":"https://secwatch.observer/filing/0001437749-25-008596.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774925008596/0001437749-25-008596-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774925008596/mbwm20250318_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T09:40:25.300311+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"}