Company: MBINL
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032188
Chunk: 1

Company: Merchants Bancorp
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 1
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| Time and Date: | 8:00 a.m., Eastern Daylight Time, on Thursday, May 15, 2025             |
|:---------------|:------------------------------------------------------------------------|
| Place:         | Merchant Bancorp’s headquarters, 410 Monon Blvd., Carmel, Indiana 46032 |
| Record         
 Date:          | March 21,                                                               
 2025                                                                    |

| Voting: | Only holders of our common stock as of the Record Date are entitled to vote. Each share of common stock is entitled to one (1) vote 
 for each director nominee and one (1) vote for each of the other proposal being voted on.                                           |

PROPOSALS TO BE VOTED ON AND RECOMMENDATIONS

| Proposal                                              | Recommendation   | Page Reference for More Detail |
| Election of Directors                                 | FOR each nominee |                             11 |
| Compensation of our Named Executive Officers          | FOR              |                             32 |
| Ratification of the appointment of Forvis Mazars, LLP 
 as our registered independent public accounting firm  
 for the year ending December 31, 2025                 | FOR              |                             37 |

1 INFORMATION ABOUT THE MEETING AND VOTING The following is information regarding the Annual Meeting and the voting process, presented in a question and answer format. Why did you receive access to the proxy materials? We have made the proxy materials available to you because, as of the Record Date, you held shares of our common stock. This proxy statement describes the proposals that will be presented for consideration by the shareholders at the Annual Meeting. It also provides information concerning those proposals to assist you in making an informed decision. Why did you receive a Notice Regarding the Internet Availability of Proxy Materials instead of paper copies of the proxy materials? We are using the SEC notice and access rule that allows us to furnish our proxy materials on the internet to our shareholders instead of mailing paper copies of those materials to each shareholder. As a result, beginning on or about April 4, 2025, we sent our shareholders the Notice by mail with instructions on how to access our proxy materials on the internet and vote online. The Notice is not a proxy card and cannot be used to vote your shares. If you received the Notice this year, you will not receive paper copies of the proxy materials unless you request the materials by following the instructions on the Notice or on the website referred to in the Notice. Who may vote at the Annual Meeting? The proxy materials are provided to holders of record of our common