{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-009074","form_type":"8-K","ticker":"MBWM","cik":"0001042729","company_name":"MERCANTILE BANK CORP","filed_at":"2026-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.448574+00:00","generated_at":"2026-05-15T09:34:05.696845+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 2026 exec bonus plan with $1.2M target pool, six metrics","bullets":["Target bonus pool $1,206,725; max pool $1,810,087 (150% of target).","Metrics: EPS, ROA, NIM, efficiency ratio, non-performing assets, loans-to-deposits.","CEO target 60% of salary (max 90%); CFO/COO/commercial banking 40% (max 60%); HR 35% (max 52.5%).","Plan covers CEO Reitsma, CFO Christmas, COO Setlock, CBO Augustyn, HR Hoover, and one other executive.","Bonuses paid by March 15, 2027; subject to clawback provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-009074","json":"https://secwatch.observer/filing/0001437749-26-009074.json","markdown":"https://secwatch.observer/filing/0001437749-26-009074.md","text":"https://secwatch.observer/filing/0001437749-26-009074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1042729/000143774926009074/0001437749-26-009074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1042729/000143774926009074/mbwm20260318_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:34:05.696845+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"}