Home › Companies › MERCANTILE BANK CORP. › 2024-2025

MERCANTILE BANK CORP. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and MERCANTILE BANK CORP.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 16Reported items
  • 216Asset managers
  • 3,862Fund votes
  • 2025-05-22Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore MERCANTILE BANK CORP. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by MERCANTILE BANK CORP.

These tallies are MERCANTILE BANK CORP.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

MERCANTILE BANK CORP. — official shareholder meeting results, meeting held 2025-05-22
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Michael S. Davenport 9,723,448--0 162,1162,731,317 Majority: yes
Elect Director: Michelle L. Eldridge 9,642,252--0 243,3122,731,317 Majority: yes
Elect Director: Joseph D. Jones 9,797,921--0 87,6432,731,317 Majority: yes
Elect Director: Richard D. MacDonald 9,732,916--0 152,6482,731,317 Majority: yes
Elect Director: Michael H. Price 9,711,187--0 174,3772,731,317 Majority: yes
Elect Director: David B. Ramaker 9,581,480--0 304,0842,731,317 Majority: yes
Elect Director: Raymond E. Reitsma 9,734,559--0 151,0052,731,317 Majority: yes
Elect Director: Nelson F. Sanchez 9,731,151--0 154,4132,731,317 Majority: yes
Elect Director: Sara A. Schmidt 9,824,642--0 60,9222,731,317 Majority: yes
Elect Director: Amy L. Sparks 9,719,343--0 166,2222,731,317 Majority: yes
Elect Director: Sharon R. Williams 9,823,653--0 61,9112,731,317 Majority: yes
The votes cast on the implementation an Employee Stock Purchase Plan (ESPP) offering a five percent (5%) discount on the market price of the Company's stock: 9,703,648166,76415,153 --2,731,317 Majority: yes
2 The votes cast on the ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2025 were as follows: 12,485,556115,32516,000 --2,731,317 Majority: yes
The votes cast on the advisory vote to approve the compensation of our named executive officers disclosed in our proxy statement for the Annual Meeting were as follows: 9,104,379680,594100,591 --2,731,317 Majority: yes

Source: MERCANTILE BANK CORP., Form 8-K — read the filing on EDGAR.

How asset managers voted at the MERCANTILE BANK CORP. 2024-2025 meeting

Each item below shows how the 216 asset managers that disclosed a MERCANTILE BANK CORP. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of MERCANTILE BANK CORP.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS DISCLOSED IN OUR PROXY STATEMENT ("SAY-ON-PAY").

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 14 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 9,104,379AGAINST: 680,594

MERCANTILE BANK CORP.’s own tally for this item (“The votes cast on the advisory vote to approve the compensation of our named executive officers disclosed in our proxy statement for the Annual Meeting were as follows:”): 9,104,379 for, 680,594 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 56% for, 4% against (60% of the company cast a for/against vote).

The 214 asset managers below cast 91% of the shares they voted on this item FOR (8,957,367 for, 924,148 against).

FOR 91%9%
FOR: 8,957,367 (90.6%)AGAINST: 924,148 (9.4%)ABSTAIN: 0 (0.0%)NOT VOTED: 225 (0.0%)
Largest asset managers voting on “AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS DISCLOSED IN OUR PROXY STATEMENT ” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,441,2790 00For
Dimensional1,052,7310 00For
Vanguard1,024,155330 00For
American Century0839,984 00Against
State Street513,2600 00For
Renaissance492,3900 00For
GEODE CAPITAL MANAGEMENT, LLC387,2290 00For
Fidelity368,7450 00For
Charles Schwab257,7130 00For
LSV ASSET MANAGEMENT204,7860 00For
Northern Trust173,0310 00For
Tributary Funds, Inc.170,1870 00For
GREENLEAF TRUST160,1690 00For
ProShares159,0630 00For
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC105,2100 00For
MERCER GLOBAL ADVISORS INC /ADV93,8770 00For
MALTESE CAPITAL MANAGEMENT LLC85,6980 00For
Tributary Capital Management, LLC84,3830 00For
SEI77,4630 00For
AQR73,2420 00For
Nuveen70,4290 00For
TIAA68,5220 00For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP67,6180 00For
Invesco66,0260 00For
Thrivent58,5980 00For

Showing the 25 largest of 214 asset managers. See all 214 in the interactive database.

2. AN ADVISORY VOTE ON THE FREQUENCY OF ADVISORY APPROVAL OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS ("SAY- ON-FREQUENCY").

SECTION 14A SAY-ON-PAY VOTES

Combines 9 wordings of this item as funds reported it.

100% fund support · no official result

ONE YEAR 57%1 YEAR 30%11%

The 205 asset managers below cast 100% of the shares they voted on this item FOR (15,622 for, 0 against).

FOR: 15,622 (0.2%)ABSTAIN: 0 (0.0%)ONE YEAR: 5,567,750 (57.2%)1 YEAR: 2,890,315 (29.7%)THREE YEARS: 1,059,990 (10.9%)1-YEAR: 93,877 (1.0%)3 YEARS: 58,595 (0.6%)2 YEARS: 41,795 (0.4%)NOT VOTED: 225 (0.0%)1.0: 9 (0.0%)3.0: 1 (0.0%)2.0: 0 (0.0%)
Largest asset managers voting on “AN ADVISORY VOTE ON THE FREQUENCY OF ADVISORY APPROVAL OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS ("S” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock00 001 Year
Dimensional00 00Three Years
Vanguard00 00One Year
American Century00 00One Year
State Street00 00One Year
Renaissance00 00One Year
GEODE CAPITAL MANAGEMENT, LLC00 00One Year
Fidelity00 00One Year
Charles Schwab00 001 Year
LSV ASSET MANAGEMENT00 001 Year
Northern Trust00 001 Year
Tributary Funds, Inc.00 00One Year
GREENLEAF TRUST00 001 Year
ProShares00 00One Year
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC00 00One Year
MERCER GLOBAL ADVISORS INC /ADV00 001-Year
MALTESE CAPITAL MANAGEMENT LLC00 001 Year
SEI00 001 Year
AQR00 00One Year
Nuveen00 00One Year
TIAA00 00One Year
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP00 00One Year
Invesco00 00One Year
Thrivent00 00One Year
EA Series Trust00 001 Year

Showing the 25 largest of 205 asset managers. See all 205 in the interactive database.

3. Approval of the new Employee Stock Purchase Plan with a five percent (5%) discount ("ESPP").

COMPENSATIONMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 9,703,648AGAINST: 166,764

MERCANTILE BANK CORP.’s own tally for this item (“The votes cast on the implementation an Employee Stock Purchase Plan (ESPP) offering a five percent (5%) discount on the market price of the Company's stock:”): 9,703,648 for, 166,764 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 60% for, 1% against (61% of the company cast a for/against vote).

The 74 asset managers below cast 99.9% of the shares they voted on this item FOR (4,978,920 for, 0 against).

FOR 99.9%
FOR: 4,978,920 (100.0%)AGAINST: 0 (0.0%)ABSTAIN: 0 (0.0%)
Largest asset managers voting on “Approval of the new Employee Stock Purchase Plan with a five percent (5%) discount ("ESPP").” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust57,6740 00For
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 74 asset managers. See all 74 in the interactive database.

4. Election of Directors: Amy L. Sparks

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 9,719,343WITHHELD: 166,222

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Amy L. Sparks”): 9,719,343 for, 166,222 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 60% for, 1% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,917,271 for, 0 against).

FOR 99%
FOR: 4,917,271 (98.8%)ABSTAIN: 57,674 (1.2%)
Largest asset managers voting on “Election of Directors: Amy L. Sparks” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust00 57,6740Abstain
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

5. Election of Directors: David B. Ramaker

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 9,581,480WITHHELD: 304,084

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: David B. Ramaker”): 9,581,480 for, 304,084 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 59% for, 2% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,915,723 for, 0 against).

FOR 99%
FOR: 4,915,723 (98.8%)ABSTAIN: 59,222 (1.2%)
Largest asset managers voting on “Election of Directors: David B. Ramaker” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust00 57,6740Abstain
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

6. Election of Directors: Joseph D. Jones

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%
FOR: 9,797,921WITHHELD: 87,643

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Joseph D. Jones”): 9,797,921 for, 87,643 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 60% for, 0.6% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,974,945 for, 0 against).

FOR 99.9%
FOR: 4,974,945 (100.0%)ABSTAIN: 0 (0.0%)
Largest asset managers voting on “Election of Directors: Joseph D. Jones” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust57,6740 00For
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

7. Election of Directors: Michael H. Price

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 9,711,187WITHHELD: 174,377

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Michael H. Price”): 9,711,187 for, 174,377 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 60% for, 1% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,974,549 for, 0 against).

FOR 99.9%
FOR: 4,974,549 (100.0%)ABSTAIN: 396 (0.0%)
Largest asset managers voting on “Election of Directors: Michael H. Price” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,1000 3300For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3110 10For
TIAA68,5220 00For
EA Series Trust57,6740 00For
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

8. Election of Directors: Michael S. Davenport

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 9,723,448WITHHELD: 162,116

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Michael S. Davenport”): 9,723,448 for, 162,116 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 60% for, 1.0% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,917,271 for, 0 against).

FOR 99%
FOR: 4,917,271 (98.8%)ABSTAIN: 57,674 (1.2%)
Largest asset managers voting on “Election of Directors: Michael S. Davenport” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust00 57,6740Abstain
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

9. Election of Directors: Michelle L. Eldridge

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 9,642,252WITHHELD: 243,312

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Michelle L. Eldridge”): 9,642,252 for, 243,312 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 59% for, 1% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,917,266 for, 0 against).

FOR 99%
FOR: 4,917,266 (98.8%)ABSTAIN: 57,679 (1.2%)
Largest asset managers voting on “Election of Directors: Michelle L. Eldridge” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3080 40For
TIAA68,5220 00For
EA Series Trust00 57,6740Abstain
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

10. Election of Directors: Nelson F. Sanchez

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 9,731,151WITHHELD: 154,413

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Nelson F. Sanchez”): 9,731,151 for, 154,413 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 60% for, 1.0% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,917,271 for, 0 against).

FOR 99%
FOR: 4,917,271 (98.8%)ABSTAIN: 57,674 (1.2%)
Largest asset managers voting on “Election of Directors: Nelson F. Sanchez” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust00 57,6740Abstain
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

11. Election of Directors: Raymond E. Reitsma

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 9,734,559WITHHELD: 151,005

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Raymond E. Reitsma”): 9,734,559 for, 151,005 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 60% for, 1.0% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,974,945 for, 0 against).

FOR 99.9%
FOR: 4,974,945 (100.0%)ABSTAIN: 0 (0.0%)
Largest asset managers voting on “Election of Directors: Raymond E. Reitsma” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust57,6740 00For
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

12. Election of Directors: Richard D. MacDonald

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 9,732,916WITHHELD: 152,648

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Richard D. MacDonald”): 9,732,916 for, 152,648 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 60% for, 1.0% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,917,271 for, 0 against).

FOR 99%
FOR: 4,917,271 (98.8%)ABSTAIN: 57,674 (1.2%)
Largest asset managers voting on “Election of Directors: Richard D. MacDonald” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust00 57,6740Abstain
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

13. Election of Directors: Sara A. Schmidt

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 9,824,642WITHHELD: 60,922

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Sara A. Schmidt”): 9,824,642 for, 60,922 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 61% for, 0.4% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,974,945 for, 0 against).

FOR 99.9%
FOR: 4,974,945 (100.0%)ABSTAIN: 0 (0.0%)
Largest asset managers voting on “Election of Directors: Sara A. Schmidt” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust57,6740 00For
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

14. Election of Directors: Shoran R. Williams

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 9,823,653WITHHELD: 61,911

MERCANTILE BANK CORP.’s own tally for this item (“Elect Director: Sharon R. Williams”): 9,823,653 for, 61,911 withheld, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 61% for, 0.4% withheld (61% of the company cast a for/withheld vote).

The 73 asset managers below cast 100% of the shares they voted on this item FOR (4,974,945 for, 0 against).

FOR 99.9%
FOR: 4,974,945 (100.0%)ABSTAIN: 0 (0.0%)
Largest asset managers voting on “Election of Directors: Shoran R. Williams” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust57,6740 00For
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

15. Ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2025 ("Auditor Ratification").

AUDIT-RELATEDMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 12,485,556AGAINST: 115,325

MERCANTILE BANK CORP.’s own tally for this item (“2 The votes cast on the ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2025 were as follows:”): 12,485,556 for, 115,325 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 16,235,660 outstanding shares: 77% for, 0.8% against (78% of the company cast a for/against vote).

The 73 asset managers below cast 99% of the shares they voted on this item FOR (4,916,326 for, 57,674 against).

FOR 99%
FOR: 4,916,326 (98.8%)AGAINST: 57,674 (1.2%)ABSTAIN: 0 (0.0%)
Largest asset managers voting on “Ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm f” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard988,4300 00For
Dimensional957,0490 00For
BlackRock758,7200 00For
American Century413,4730 00For
Fidelity356,8270 00For
Tributary Funds, Inc.170,1870 00For
ProShares159,0630 00For
Charles Schwab128,8530 00For
State Street92,3120 00For
TIAA68,5220 00For
EA Series Trust057,674 00Against
ADVISORS' INNER CIRCLE FUND48,6570 00For
BRIDGEWAY FUNDS INC47,3000 00For
WisdomTree45,9530 00For
Equitable43,4770 00For
RBC FUNDS TRUST41,3330 00For
SEI36,7950 00For
Columbia Threadneedle34,5430 00For
HOTCHKIS & WILEY FUNDS /DE/34,0000 00For
Invesco30,7180 00For
CITY NATIONAL ROCHDALE FUNDS30,5000 00For
Northern Trust29,7860 00For
Thrivent28,9410 00For
QUANTITATIVE MASTER SERIES LLC27,2170 00For
Lincoln Financial25,3630 00For

Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.

16. Advisory Vote on Say on Pay Frequency

SECTION 14A SAY-ON-PAY VOTES

— fund support · no official result

ONE YEAR 89%11%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

ONE YEAR: 34,346 (89.0%)1 YEAR: 4,265 (11.0%)
Largest asset managers voting on “Advisory Vote on Say on Pay Frequency” at MERCANTILE BANK CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
JPMorgan00 00One Year
Empower00 00One Year
FORUM FUNDS II00 001 Year
APG Asset Management US Inc.00 00One Year
Desjardins Global Asset Management Inc.00 00One Year

Largest MERCANTILE BANK CORP. shareholders voting in 2024-2025

Ranked by the number of MERCANTILE BANK CORP. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 16,235,660 shares outstanding at the time of that meeting.

Top MERCANTILE BANK CORP. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1BlackRock 8.88%
2Dimensional 6.48%
3Vanguard 6.31%
4American Century 5.17%
5State Street 3.16%
6Renaissance 3.03%
7GEODE CAPITAL MANAGEMENT, LLC 2.39%
8Fidelity 2.27%
9Charles Schwab 1.59%
10LSV ASSET MANAGEMENT 1.26%

Reported MERCANTILE BANK CORP. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

MERCANTILE BANK CORP. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
BlackRock 9.80% 13F
Wellington Management Group LLP 7.32% 13G
Dimensional Fund Advisors 6.63% 13F
Vanguard Group 6.26% 13F
Renaissance Technologies 3.13% 13F
State Street 2.80% 13F
Geode Capital 2.39% 13F
Northern Trust 1.12% 13F
Charles E. Christmas 0.73% DEF14A
Morgan Stanley 0.64% 13F

Percentages above are of 16,235,660 shares outstanding, as reported by MERCANTILE BANK CORP. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from MERCANTILE BANK CORP.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At MERCANTILE BANK CORP.'s shareholder meeting held 2025-05-22, in the 2024-2025 proxy season, 216 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,862 separate fund positions. Their filings are grouped here into 16 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS DISCLOSED IN OUR… — FOR was 93% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: MERCANTILE BANK CORP.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

MERCANTILE BANK CORP. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.