Current Report Filing (8-k)
May 20 2021 - 4:06PM
Edgar (US Regulatory)
0001629019
false
0001629019
2021-05-20
2021-05-20
0001629019
us-gaap:CommonStockMember
2021-05-20
2021-05-20
0001629019
us-gaap:SeriesAPreferredStockMember
2021-05-20
2021-05-20
0001629019
us-gaap:SeriesCPreferredStockMember
2021-05-20
2021-05-20
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
United
States
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): May 20, 2021
Merchants Bancorp
(Exact Name of Registrant as Specified
in its Charter)
Indiana
|
|
001-38258
|
|
20-5747400
|
(State or Other Jurisdiction
of Incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
410 Monon Boulevard
Carmel, Indiana 46032
(Address of Principal Executive Offices) (Zip Code)
(317) 569-7420
(Registrant’s Telephone Number, Including
Area Code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
¨
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
¨
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
¨
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
¨
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section
12(b) of the Act:
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
Common Stock, without par value
|
MBIN
|
NASDAQ
|
Series A Preferred Stock, without par value
|
MBINP
|
NASDAQ
|
Depositary Shares, each representing a 1/40th interest in a share of Series B Preferred Stock, without par value
|
MBINO
|
NASDAQ
|
Depositary Shares, each representing a 1/40th interest in a share of Series C Preferred Stock, without par value
|
MBINN
|
NASDAQ
|
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
|
Emerging growth company
|
x
|
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.07
Submission of Matters to a Vote of Security Holders.
Merchants Bancorp (the “Company”) held its Annual Meeting
of Shareholders on May 20, 2021. Matters voted upon were:
|
(1)
|
election of nine (9) directors to the Company’s Board of Directors; and
|
|
(2)
|
ratification of the appointment of BKD, LLP as the independent registered public accounting firm of the Company for the fiscal year
ending December 31, 2021.
|
The final number of votes cast for, against or withheld, as well as
the number of abstentions and broker non-votes, with respect to each matter are set forth below.
|
1.
|
Election of nine (9) members to the Company’s Board
of Directors to serve until the Company’s 2022 annual meeting of shareholders and until his or her successor has been duly elected
and qualified, or until his or her earlier resignation, removal, or death:
|
Director Nominee
|
|
For
|
|
|
Withheld
|
|
|
Broker Non-Votes
|
|
Michael F. Petrie
|
|
|
24,943,632
|
|
|
|
369,414
|
|
|
|
932,978
|
|
Randall D. Rogers
|
|
|
24,640,986
|
|
|
|
672,060
|
|
|
|
932,978
|
|
Michael J. Dunlap
|
|
|
24,928,479
|
|
|
|
384,567
|
|
|
|
932,978
|
|
Scott A. Evans
|
|
|
24,918,979
|
|
|
|
394,067
|
|
|
|
932,978
|
|
Sue Anne Gilroy
|
|
|
22,546,754
|
|
|
|
2,766,292
|
|
|
|
932,978
|
|
Andrew A. Juster
|
|
|
23,484,961
|
|
|
|
1,828,085
|
|
|
|
932,978
|
|
Patrick D. O’Brien
|
|
|
23,494,074
|
|
|
|
1,818,972
|
|
|
|
932,978
|
|
Anne E. Sellers
|
|
|
23,486,316
|
|
|
|
1,826,730
|
|
|
|
932,978
|
|
Davie N. Shane
|
|
|
23,232,397
|
|
|
|
2,080,649
|
|
|
|
932,978
|
|
|
2.
|
Ratification of the appointment of BKD, LLP as the independent
registered public accounting firm of the Company for the fiscal year ending December 31, 2021.
|
For
|
|
|
Against
|
|
|
Abstentions
|
|
|
Broker Non-Votes
|
|
|
26,238,708
|
|
|
|
162
|
|
|
|
7,154
|
|
|
|
0
|
|
Item 8.01 Other Events.
On May 21, 2020, the Company issued a press release announcing
that the Company’s Board of Directors declared the following quarterly cash dividends:
|
·
|
$0.09 per share on the Company’s outstanding shares of its common stock;
|
|
·
|
$0.4375 per share on the Company’s outstanding shares of its 7% Series A preferred stock;
|
|
·
|
A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company’s outstanding shares of its 6% Series B
preferred stock;
|
|
·
|
An initial dividend of $16.3366 per share (equivalent to $0.4084 per depositary share) on the Company’s outstanding shares of
its 6% Series C preferred stock that were issued on March 23, 2021; and
|
|
·
|
An initial dividend of $9.1685 per share (equivalent to $0.2292 per depositary share), on the Company’s outstanding shares of
its 6% Series C preferred stock that were issued in a private placement on May 6, 2021.
|
Each of the dividends are payable on July 1, 2021 to shareholders
of record on June 15, 2021. The press release has been attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
MERCHANTS BANCORP
|
|
|
|
Date: May 20, 2021
|
By:
|
/s/ Terry Oznick
|
|
|
Name: Terry Oznick
|
|
|
Title: General Counsel
|
Merchants Bancorp (NASDAQ:MBINO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Merchants Bancorp (NASDAQ:MBINO)
Historical Stock Chart
From Jul 2023 to Jul 2024