Company: MBINL
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032188
Chunk: 8

Company: Merchants Bancorp
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 8
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    M |
| Sue Anne Gilroy            |     |     M |     |            M |     |              M |     |    M |
| Andrew A. Juster           |     |     C |     |            M |     |              M |     |    M |
| Patrick D. O’Brien         |     |     M |     |            C |     |              M |     |    M |
| Anne E. Sellers            |     |     M |     |            M |     |              C |     |    M |
| David N. Shane             |     |     M |     |            M |     |              M |     |    C |
| Number of Meetings in 2024 |     |     8 |     |            2 |     |              1 |     |    4 |

M: Member of Committee C: Chair of Committee Audit Committee The Board has determined that each member of the Audit Committee also satisfies the additional independence standards under the Nasdaq rules and applicable SEC rules for audit committee service and has the ability to read and understand fundamental financial statements. In addition, the Board has determined that each of Mr. Juster, Ms. Sellers, and Mr. Shane qualify as an “audit committee financial expert,” as that term is defined under the applicable SEC rules. As described in its charter, the Audit Committee has responsibility for, among other things:

| ● | selecting and reviewing the performance of our independent auditors and approving, in advance, all engagements and fee arrangements; |

| ● | reviewing the independence of our independent auditors; |

| ● | reviewing actions by management on recommendations of the independent auditors and internal auditors, including reviewing and approving 
 the internal audit plan and budget on an annual basis;                                                                                  |

| ● | meeting with management, the internal auditors, and the independent auditors to review the effectiveness of our system of internal 
 control and internal audit procedures and results;                                                                                 |

| ● | reviewing earnings releases, financial statements, and reports to be filed with the SEC or otherwise; |

| ● | reviewing and approving transactions for potential conflicts of interest under our Code of Conduct; and |

| ● | handling other such matters that are specifically delegated to the Audit Committee by the Board from time to time. |

Compensation Committee As described in its charter, the Compensation Committee has responsibility for, among other things:

| ● | overseeing executive compensation and management succession plans; personnel policies, benefits programs, and incentive compensation 
 as they relate to our