Company: MBINL
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032188
Chunk: 3

Company: Merchants Bancorp
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 3
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 does not have the authority to vote on this matter with respect to your shares. This is generally referred to as a “broker non-vote.” For the Annual Meeting, each of the election of directors and say-on-pay advisory vote are considered a non-routine matter but the ratification of the appointment of our independent registered public accounting firm is considered a routine matter. 2 Can you change your vote after you return the proxy card or after voting electronically? If you are a shareholder of record, you may revoke your proxy and change your vote at any time before it is voted. Prior to the applicable cutoff time, you may change your vote using the internet, in which case only your latest internet proxy submitted prior to the Annual Meeting will be counted. You may also revoke your proxy and change your vote by signing and returning a new proxy card or voting instruction form dated as of a later date, or by attending the meeting and voting in person. However, your attendance at the meeting will not automatically revoke your proxy unless you properly vote at the Annual Meeting or specifically request that your prior proxy be revoked by delivering a written notice of revocation to our Secretary prior to the Annual Meeting. If you hold your shares in street name, you may revoke your proxy by following instructions provided by your nominee. No notice of revocation or later-dated proxy will be effective until received by our Secretary at or prior to the Annual Meeting. What options do you have in voting on each proposal? You may vote “FOR” or “WITHHOLD” with respect to the election of each director nominee. You may vote “FOR,” “AGAINST,” or “ABSTAIN” with respect to the say-on-pay advisory vote, the ratification of the appointment of our independent registered public accounting firm, and any other matter that may properly be brought before the meeting. What is the quorum required for each proposal? The holders of a majority of the shares of our common stock outstanding as of the Record Date, represented in person or by proxy, will constitute a quorum for purposes of such proposal at the Annual Meeting. If less than a majority of the shares of our common stock are represented at the meeting, a majority of the shares represented may adjourn the meeting at any time. As of the Record Date, there were 45,881,706 shares of our common stock outstanding. Therefore, at least 22,940,854 shares need to be represented to constitute a quorum. How many votes are needed for approval of each proposal? Our directors are elected by