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MERCHANTS BANCORP 2024-2025 Proxy Voting Records

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

  • 13Ballot items
  • 191Asset managers
  • 2,988Fund votes
  • 2025-05-15Meeting date

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

Explore MERCHANTS BANCORP in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by MERCHANTS BANCORP

These tallies are MERCHANTS BANCORP’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.

MERCHANTS BANCORP — official shareholder meeting results, meeting held 2025-05-15
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Michael F. Petrie 39,962,813---- 456,6882,027,574 Majority: yes
Elect Director: Randall D. Rogers 38,945,511---- 1,473,9902,027,574 Majority: yes
Elect Director: Tamika D. Catchings 35,562,435---- 4,857,0662,027,574 Majority: yes
Elect Director: Thomas W. Dinwiddie 39,052,973---- 1,366,5282,027,574 Majority: yes
Elect Director: Michael J. Dunlap 39,942,127---- 477,3742,027,574 Majority: yes
Elect Director: Scott A. Evans 39,942,007---- 477,4942,027,574 Majority: yes
Elect Director: Sue Anne Gilroy 35,562,479---- 4,857,0222,027,574 Majority: yes
Elect Director: Andrew A. Juster 35,561,764---- 4,857,7372,027,574 Majority: yes
Elect Director: Patrick D. O'Brien 35,542,799---- 4,876,7022,027,574 Majority: yes
Elect Director: Anne E. Sellers 30,841,565---- 9,577,9362,027,574 Majority: yes
Elect Director: Davie N. Shane 35,563,045---- 4,856,4562,027,574 Majority: yes
Proposal 2: A non-binding, advisory vote on the compensation of the Company's named executive officers. 35,179,5733,025,7352,214,193 --2,027,574 Majority: yes
Proposal 3: Ratification of the appointment of Forvis Mazars, LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2025. 42,400,69812,60733,770 --0 Majority: yes

Source: MERCHANTS BANCORP, Form 8-K — read the filing on EDGAR.

How asset managers voted at the MERCHANTS BANCORP 2024-2025 meeting

Each item below shows how the 191 asset managers that disclosed a MERCHANTS BANCORP 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.

1. A non-binding, advisory vote on the compensation of the Company's Named Executive Officers.

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

Combines 9 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 35,179,573AGAINST: 3,025,735

MERCHANTS BANCORP’s own tally for this item (“Proposal 2: A non-binding, advisory vote on the compensation of the Company's named executive officers.”): 35,179,573 for, 3,025,735 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 45,881,706 outstanding shares: 77% for, 7% against (83% of the company cast a for/against vote).

The 189 asset managers below cast 75% of the shares they voted on this item FOR (11,442,039 for, 3,836,979 against).

FOR 75%AGAINST 25%
FOR: 11,442,039 (74.7%)AGAINST: 3,836,979 (25.0%)ABSTAIN: 1,134 (0.0%)NOT VOTED: 45,910 (0.3%)
Largest asset managers voting on “A non-binding, advisory vote on the compensation of the Company's Named Executive Officers.” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock1,410,1917,662 00For
Dimensional01,325,585 00Against
Vanguard1,233,7700 00For
American Century01,009,150 00Against
MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST927,4980 00For
Delaware/Macquarie864,9000 00For
Invesco731,5810 00For
Royce655,4100 00For
Fidelity578,5670 00For
GEODE CAPITAL MANAGEMENT, LLC576,0670 00For
Charles Schwab411,4080 00For
State Street409,2416,251 00For
WESTWOOD HOLDINGS GROUP INC5,400385,921 00Against
Boston Partners316,4640 00For
JPMorgan275,5816,778 00For
Goldman Sachs274,3550 00For
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC251,3900 00For
Janus Henderson248,2990 00For
MARSHALL WACE, LLP0244,574 00Against
RBC Capital Markets, LLC211,8220 00For
Northern Trust151,478738 00For
PL Capital Advisors, LLC147,1270 00For
Nuveen142,5830 00For
TIAA141,7910 00For
Russell Investments0139,176 00Against

Showing the 25 largest of 189 asset managers. See all 189 in the interactive database.

2. The ratification of the appointment of Forvis Mazars, LLP (formerly known as FORVIS, LLP) as the Company's independent registered public accounting firm for the year ending December 31, 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%
FOR: 42,400,698AGAINST: 12,607

MERCHANTS BANCORP’s own tally for this item (“Proposal 3: Ratification of the appointment of Forvis Mazars, LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2025.”): 42,400,698 for, 12,607 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 45,881,706 outstanding shares: 92% for, 0.1% against (92% of the company cast a for/against vote).

The 69 asset managers below cast 100% of the shares they voted on this item FOR (7,740,364 for, 0 against).

FOR 100%
FOR: 7,740,364 (100.0%)
Largest asset managers voting on “The ratification of the appointment of Forvis Mazars, LLP (formerly known as FORVIS, LLP) as the Company's ind” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional1,172,2610 00For
Delaware/Macquarie864,9000 00For
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century496,6430 00For
Invesco282,7650 00For
Goldman Sachs206,9630 00For
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree93,0450 00For
Columbia Threadneedle89,8550 00For
HOTCHKIS & WILEY FUNDS /DE/79,5000 00For
First Trust76,8940 00For
JPMorgan75,7170 00For
RBB FUND, INC.74,1850 00For
Prudential/PGIM70,0240 00For
Russell Investments53,0200 00For
Principal49,0000 00For
SEI48,6160 00For
Equitable45,3640 00For
AMERICAN BEACON FUNDS42,4200 00For
Advisors' Inner Circle Fund III41,2080 00For
Lincoln Financial35,3570 00For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

3. Election of Directors: Andrew A. Juster

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%12%
FOR: 35,561,764WITHHELD: 4,857,737

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Andrew A. Juster”): 35,561,764 for, 4,857,737 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 45,881,706 outstanding shares: 78% for, 11% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (4,219,583 for, 0 against).

FOR 54.5%ABSTAIN 45.5%
FOR: 4,219,583 (54.5%)ABSTAIN: 3,519,512 (45.5%)
Largest asset managers voting on “Election of Directors: Andrew A. Juster” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional00 1,172,2610Abstain
Delaware/Macquarie00 864,9000Abstain
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century00 496,6430Abstain
Invesco282,7650 00For
Goldman Sachs00 206,9630Abstain
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree93,0450 00For
Columbia Threadneedle00 89,8550Abstain
HOTCHKIS & WILEY FUNDS /DE/00 79,5000Abstain
First Trust00 76,8940Abstain
JPMorgan68,9390 6,7780For
RBB FUND, INC.00 74,1850Abstain
Prudential/PGIM00 70,0240Abstain
Russell Investments53,0200 00For
Principal00 49,0000Abstain
SEI48,6160 00For
Equitable28,8340 16,5300For
AMERICAN BEACON FUNDS00 42,4200Abstain
Advisors' Inner Circle Fund III00 41,2080Abstain
Lincoln Financial22,5340 12,8230For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

4. Election of Directors: Anne E. Sellers

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

76% Majority: yes · of votes cast

FOR 76%WITHHELD 24%
FOR: 30,841,565WITHHELD: 9,577,936

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Anne E. Sellers”): 30,841,565 for, 9,577,936 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 45,881,706 outstanding shares: 67% for, 21% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (1,248,836 for, 0 against).

FOR 16%ABSTAIN 84%
FOR: 1,248,836 (16.1%)ABSTAIN: 6,490,259 (83.9%)
Largest asset managers voting on “Election of Directors: Anne E. Sellers” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard00 1,182,3140Abstain
Dimensional00 1,172,2610Abstain
Delaware/Macquarie00 864,9000Abstain
BlackRock00 716,9440Abstain
Royce651,8070 00For
Fidelity00 546,8400Abstain
American Century00 496,6430Abstain
Invesco282,7650 00For
Goldman Sachs00 206,9630Abstain
Charles Schwab201,8790 00For
TIAA00 141,7910Abstain
WisdomTree93,0450 00For
Columbia Threadneedle00 89,8550Abstain
HOTCHKIS & WILEY FUNDS /DE/00 79,5000Abstain
First Trust00 76,8940Abstain
JPMorgan00 75,7170Abstain
RBB FUND, INC.00 74,1850Abstain
Prudential/PGIM00 70,0240Abstain
Russell Investments00 53,0200Abstain
Principal00 49,0000Abstain
SEI00 48,6160Abstain
Equitable00 45,3640Abstain
AMERICAN BEACON FUNDS00 42,4200Abstain
Advisors' Inner Circle Fund III00 41,2080Abstain
Lincoln Financial00 35,3570Abstain

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

5. Election of Directors: David N. Shane

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%12%
FOR: 35,563,045WITHHELD: 4,856,456

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Davie N. Shane”): 35,563,045 for, 4,856,456 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 45,881,706 outstanding shares: 78% for, 11% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (4,219,583 for, 0 against).

FOR 54.5%ABSTAIN 45.5%
FOR: 4,219,583 (54.5%)ABSTAIN: 3,519,512 (45.5%)
Largest asset managers voting on “Election of Directors: David N. Shane” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional00 1,172,2610Abstain
Delaware/Macquarie00 864,9000Abstain
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century00 496,6430Abstain
Invesco282,7650 00For
Goldman Sachs00 206,9630Abstain
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree93,0450 00For
Columbia Threadneedle00 89,8550Abstain
HOTCHKIS & WILEY FUNDS /DE/00 79,5000Abstain
First Trust00 76,8940Abstain
JPMorgan68,9390 6,7780For
RBB FUND, INC.00 74,1850Abstain
Prudential/PGIM00 70,0240Abstain
Russell Investments53,0200 00For
Principal00 49,0000Abstain
SEI48,6160 00For
Equitable28,8340 16,5300For
AMERICAN BEACON FUNDS00 42,4200Abstain
Advisors' Inner Circle Fund III00 41,2080Abstain
Lincoln Financial22,5340 12,8230For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

6. Election of Directors: Michael F. Petrie

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 39,962,813WITHHELD: 456,688

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Michael F. Petrie”): 39,962,813 for, 456,688 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 45,881,706 outstanding shares: 87% for, 1.0% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (7,689,121 for, 0 against).

FOR 99.3%
FOR: 7,689,121 (99.4%)ABSTAIN: 49,974 (0.6%)
Largest asset managers voting on “Election of Directors: Michael F. Petrie” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional1,172,2610 00For
Delaware/Macquarie864,9000 00For
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century496,6430 00For
Invesco282,7650 00For
Goldman Sachs206,9630 00For
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree93,0450 00For
Columbia Threadneedle89,8550 00For
HOTCHKIS & WILEY FUNDS /DE/79,5000 00For
First Trust76,8940 00For
JPMorgan68,9390 6,7780For
RBB FUND, INC.74,1850 00For
Prudential/PGIM70,0240 00For
Russell Investments53,0200 00For
Principal49,0000 00For
SEI48,6160 00For
Equitable45,3640 00For
AMERICAN BEACON FUNDS42,4200 00For
Advisors' Inner Circle Fund III00 41,2080Abstain
Lincoln Financial35,3570 00For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

7. Election of Directors: Michael J. Dunlap

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 39,942,127WITHHELD: 477,374

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Michael J. Dunlap”): 39,942,127 for, 477,374 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 45,881,706 outstanding shares: 87% for, 1% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (7,623,360 for, 0 against).

FOR 99%
FOR: 7,623,360 (98.5%)ABSTAIN: 115,735 (1.5%)
Largest asset managers voting on “Election of Directors: Michael J. Dunlap” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional1,172,2610 00For
Delaware/Macquarie864,9000 00For
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century496,6430 00For
Invesco282,7650 00For
Goldman Sachs206,9630 00For
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree00 93,0450Abstain
Columbia Threadneedle89,8550 00For
HOTCHKIS & WILEY FUNDS /DE/79,5000 00For
First Trust76,8940 00For
JPMorgan75,7170 00For
RBB FUND, INC.74,1850 00For
Prudential/PGIM70,0240 00For
Russell Investments53,0200 00For
Principal49,0000 00For
SEI48,6160 00For
Equitable28,8340 16,5300For
AMERICAN BEACON FUNDS42,4200 00For
Advisors' Inner Circle Fund III41,2080 00For
Lincoln Financial35,3570 00For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

8. Election of Directors: Patrick D. O'Brien

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%12%
FOR: 35,542,799WITHHELD: 4,876,702

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Patrick D. O'Brien”): 35,542,799 for, 4,876,702 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 45,881,706 outstanding shares: 77% for, 11% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (4,219,583 for, 0 against).

FOR 54.5%ABSTAIN 45.5%
FOR: 4,219,583 (54.5%)ABSTAIN: 3,519,512 (45.5%)
Largest asset managers voting on “Election of Directors: Patrick D. O'Brien” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional00 1,172,2610Abstain
Delaware/Macquarie00 864,9000Abstain
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century00 496,6430Abstain
Invesco282,7650 00For
Goldman Sachs00 206,9630Abstain
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree93,0450 00For
Columbia Threadneedle00 89,8550Abstain
HOTCHKIS & WILEY FUNDS /DE/00 79,5000Abstain
First Trust00 76,8940Abstain
JPMorgan68,9390 6,7780For
RBB FUND, INC.00 74,1850Abstain
Prudential/PGIM00 70,0240Abstain
Russell Investments53,0200 00For
Principal00 49,0000Abstain
SEI48,6160 00For
Equitable28,8340 16,5300For
AMERICAN BEACON FUNDS00 42,4200Abstain
Advisors' Inner Circle Fund III00 41,2080Abstain
Lincoln Financial22,5340 12,8230For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

9. Election of Directors: Randall D. Rogers

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 38,945,511WITHHELD: 1,473,990

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Randall D. Rogers”): 38,945,511 for, 1,473,990 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 45,881,706 outstanding shares: 85% for, 3% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (7,373,003 for, 0 against).

FOR 95%
FOR: 7,373,003 (95.3%)ABSTAIN: 366,092 (4.7%)
Largest asset managers voting on “Election of Directors: Randall D. Rogers” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional1,172,2610 00For
Delaware/Macquarie864,9000 00For
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century496,6430 00For
Invesco282,7650 00For
Goldman Sachs206,9630 00For
Charles Schwab00 201,8790Abstain
TIAA141,7910 00For
WisdomTree93,0450 00For
Columbia Threadneedle89,8550 00For
HOTCHKIS & WILEY FUNDS /DE/79,5000 00For
First Trust76,8940 00For
JPMorgan75,7170 00For
RBB FUND, INC.74,1850 00For
Prudential/PGIM70,0240 00For
Russell Investments00 53,0200Abstain
Principal49,0000 00For
SEI00 48,6160Abstain
Equitable45,3640 00For
AMERICAN BEACON FUNDS42,4200 00For
Advisors' Inner Circle Fund III41,2080 00For
Lincoln Financial35,3570 00For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

10. Election of Directors: Scott A. Evans

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 39,942,007WITHHELD: 477,494

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Scott A. Evans”): 39,942,007 for, 477,494 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 45,881,706 outstanding shares: 87% for, 1% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (7,623,360 for, 0 against).

FOR 99%
FOR: 7,623,360 (98.5%)ABSTAIN: 115,735 (1.5%)
Largest asset managers voting on “Election of Directors: Scott A. Evans” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional1,172,2610 00For
Delaware/Macquarie864,9000 00For
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century496,6430 00For
Invesco282,7650 00For
Goldman Sachs206,9630 00For
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree00 93,0450Abstain
Columbia Threadneedle89,8550 00For
HOTCHKIS & WILEY FUNDS /DE/79,5000 00For
First Trust76,8940 00For
JPMorgan75,7170 00For
RBB FUND, INC.74,1850 00For
Prudential/PGIM70,0240 00For
Russell Investments53,0200 00For
Principal49,0000 00For
SEI48,6160 00For
Equitable28,8340 16,5300For
AMERICAN BEACON FUNDS42,4200 00For
Advisors' Inner Circle Fund III41,2080 00For
Lincoln Financial35,3570 00For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

11. Election of Directors: Sue Anne Gilroy

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%12%
FOR: 35,562,479WITHHELD: 4,857,022

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Sue Anne Gilroy”): 35,562,479 for, 4,857,022 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 45,881,706 outstanding shares: 78% for, 11% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (4,219,583 for, 0 against).

FOR 54.5%ABSTAIN 45.5%
FOR: 4,219,583 (54.5%)ABSTAIN: 3,519,512 (45.5%)
Largest asset managers voting on “Election of Directors: Sue Anne Gilroy” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional00 1,172,2610Abstain
Delaware/Macquarie00 864,9000Abstain
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century00 496,6430Abstain
Invesco282,7650 00For
Goldman Sachs00 206,9630Abstain
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree93,0450 00For
Columbia Threadneedle00 89,8550Abstain
HOTCHKIS & WILEY FUNDS /DE/00 79,5000Abstain
First Trust00 76,8940Abstain
JPMorgan68,9390 6,7780For
RBB FUND, INC.00 74,1850Abstain
Prudential/PGIM00 70,0240Abstain
Russell Investments53,0200 00For
Principal00 49,0000Abstain
SEI48,6160 00For
Equitable28,8340 16,5300For
AMERICAN BEACON FUNDS00 42,4200Abstain
Advisors' Inner Circle Fund III00 41,2080Abstain
Lincoln Financial22,5340 12,8230For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

12. Election of Directors: Tamika D. Catchings

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%12%
FOR: 35,562,435WITHHELD: 4,857,066

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Tamika D. Catchings”): 35,562,435 for, 4,857,066 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 45,881,706 outstanding shares: 78% for, 11% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (4,219,583 for, 0 against).

FOR 54.5%ABSTAIN 45.5%
FOR: 4,219,583 (54.5%)ABSTAIN: 3,519,512 (45.5%)
Largest asset managers voting on “Election of Directors: Tamika D. Catchings” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional00 1,172,2610Abstain
Delaware/Macquarie00 864,9000Abstain
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century00 496,6430Abstain
Invesco282,7650 00For
Goldman Sachs00 206,9630Abstain
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree93,0450 00For
Columbia Threadneedle00 89,8550Abstain
HOTCHKIS & WILEY FUNDS /DE/00 79,5000Abstain
First Trust00 76,8940Abstain
JPMorgan68,9390 6,7780For
RBB FUND, INC.00 74,1850Abstain
Prudential/PGIM00 70,0240Abstain
Russell Investments53,0200 00For
Principal00 49,0000Abstain
SEI48,6160 00For
Equitable28,8340 16,5300For
AMERICAN BEACON FUNDS00 42,4200Abstain
Advisors' Inner Circle Fund III00 41,2080Abstain
Lincoln Financial22,5340 12,8230For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

13. Election of Directors: Thomas W. Dinwiddie

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 39,052,973WITHHELD: 1,366,528

MERCHANTS BANCORP’s own tally for this item (“Elect Director: Thomas W. Dinwiddie”): 39,052,973 for, 1,366,528 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 45,881,706 outstanding shares: 85% for, 3% withheld (88% of the company cast a for/withheld vote).

The 68 asset managers below cast 100% of the shares they voted on this item FOR (7,468,497 for, 0 against).

FOR 97%
FOR: 7,468,497 (96.5%)ABSTAIN: 270,598 (3.5%)
Largest asset managers voting on “Election of Directors: Thomas W. Dinwiddie” at MERCHANTS BANCORP, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,182,3140 00For
Dimensional1,172,2610 00For
Delaware/Macquarie864,9000 00For
BlackRock716,9440 00For
Royce651,8070 00For
Fidelity546,8400 00For
American Century496,6430 00For
Invesco282,7650 00For
Goldman Sachs206,9630 00For
Charles Schwab201,8790 00For
TIAA141,7910 00For
WisdomTree93,0450 00For
Columbia Threadneedle00 89,8550Abstain
HOTCHKIS & WILEY FUNDS /DE/79,5000 00For
First Trust76,8940 00For
JPMorgan75,7170 00For
RBB FUND, INC.74,1850 00For
Prudential/PGIM70,0240 00For
Russell Investments00 53,0200Abstain
Principal49,0000 00For
SEI00 48,6160Abstain
Equitable28,8340 16,5300For
AMERICAN BEACON FUNDS42,4200 00For
Advisors' Inner Circle Fund III41,2080 00For
Lincoln Financial35,3570 00For

Showing the 25 largest of 68 asset managers. See all 68 in the interactive database.

Largest MERCHANTS BANCORP shareholders voting in 2024-2025

Ranked by the number of MERCHANTS BANCORP shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 45,881,706 shares outstanding at the time of that meeting.

Top MERCHANTS BANCORP shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1BlackRock 3.09%
2Dimensional 2.89%
3Vanguard 2.69%
4American Century 2.20%
5MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST 2.02%
6Delaware/Macquarie 1.89%
7Invesco 1.59%
8Royce 1.43%
9Fidelity 1.26%
10GEODE CAPITAL MANAGEMENT, LLC 1.26%

Reported MERCHANTS BANCORP ownership

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

MERCHANTS BANCORP beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
Michael F. Petrie 27.41% 13G
Randall D. Rogers, Jr. 8.23% 13G
BlackRock 3.33% 13F
Dimensional Fund Advisors 3.03% 13F
Vanguard Group 2.69% 13F
Geode Capital 1.26% 13F
Invesco 1.05% 13F
State Street 1.01% 13F
Morgan Stanley 0.61% 13F
JPMorgan Chase 0.58% 13F

Percentages above are of 45,881,706 shares outstanding, as reported by MERCHANTS BANCORP 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 MERCHANTS BANCORP’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 MERCHANTS BANCORP's shareholder meeting held 2025-05-15, in the 2024-2025 proxy season, 191 asset managers reported how they voted on 13 ballot items in their SEC Form N-PX filings, covering 2,988 separate fund positions. On the most widely held item on that ballot — A non-binding, advisory vote on the compensation of the Company's Named Executive Officers. — FOR was 92% 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: MERCHANTS BANCORP's Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

MERCHANTS BANCORP proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.