Company: MBINL
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032188
Chunk: 22

Company: Merchants Bancorp
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 22
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. Mr. Oznick has extensive experience representing financial institutions, including advising on mergers and acquisitions, SEC filings and compliance, operational issues, cash management products, and electronic banking. In addition to overseeing our legal affairs, Mr. Oznick is also responsible for human resources and compliance. Prior to joining Merchants, Mr. Oznick served as Senior Associate at the law firm of Krieg DeVault LLP, Senior Counsel and Vice President at Citibank, N.A., and Assistant General Counsel and Vice President at JPMorgan Chase Bank, N.A. Martin A. Schroeter, 63, President – Warehouse Lending. Mr. Schroeter joined Merchants as President of Warehouse Lending in November 2019 and his responsibilities include overseeing Merchants Bank’s mortgage warehouse business. Mr. Schroeter has more than 35 years of mortgage banking experience, including as an executive for several mortgage warehouse lenders. Prior to joining Merchants, Mr. Schroeter served as Executive Vice President of ArcHome Mortgage, Partner of ArcLine Lending, LLC, President and COO of Cooper River Financial, LLC, which ultimately became part of Ocwen Financial Corp., and Senior Managing Director, Warehouse Lending Group of GMAC, which became Ally Bank. Sean A. Sievers, 57, Chief Financial Officer.Mr. Sievers joined Merchants as Chief Financial Officer in September 2024, bringing over 25 years of executive financial leadership in the banking and mortgage industries. Prior to joining Merchants, Mr. Sievers served as Chief Financial Officer at a variety of companies, including Rate (formerly Guaranteed Rate), one of the nation’s top mortgage lenders, as well as holding key leadership roles at Countrywide, Freddie Mac, SunTrust, and Citibank. Mr. Sievers holds a Bachelor of Science degree in Accounting from California Lutheran University and is a former licensed public accountant. COMPENSATION DISCUSSION AND ANALYSIS This Compensation Discussion and Analysis (“CD&A”) describes our compensation program and how the Compensation Committee and Board made its compensation decisions for Named Executive Officers in 2024. Our Named Executive Officers (each a “NEO”) for 2024, which consist of our principal executive officer, principal financial officer, and next three most highly compensated executive officers, were:

| ● | Michael F. Petrie, Chairman of the Board and Chief Executive Officer; |

| ● | Michael J. Dunlap, President and Chief Operating Officer of the Company and President and Chief Executive Officer of Merchants Bank; |