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MERCANTILE BANK CORP. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and MERCANTILE BANK CORP.’s Form 8-K, filed May 22, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

15Reported items
217Asset managers
3,888Fund votes
May 22, 2025Meeting date

Results at a glance

Meeting of May 22, 2025: 14 items on MERCANTILE BANK CORP.’s Form 8-K, filed May 22, 2025: 14 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

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, filed May 22, 2025 (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 May 22, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Michael S. Davenport	9,723,448	--	0	162,116	2,731,317	98%	Not verified	—
Elect Director: Michelle L. Eldridge	9,642,252	--	0	243,312	2,731,317	98%	Not verified	—
Elect Director: Joseph D. Jones	9,797,921	--	0	87,643	2,731,317	99.1%	Not verified	—
Elect Director: Richard D. MacDonald	9,732,916	--	0	152,648	2,731,317	98%	Not verified	—
Elect Director: Michael H. Price	9,711,187	--	0	174,377	2,731,317	98%	Not verified	—
Elect Director: David B. Ramaker	9,581,480	--	0	304,084	2,731,317	97%	Not verified	—
Elect Director: Raymond E. Reitsma	9,734,559	--	0	151,005	2,731,317	98%	Not verified	—
Elect Director: Nelson F. Sanchez	9,731,151	--	0	154,413	2,731,317	98%	Not verified	—
Elect Director: Sara A. Schmidt	9,824,642	--	0	60,922	2,731,317	99.3%	Not verified	—
Elect Director: Amy L. Sparks	9,719,343	--	0	166,222	2,731,317	98%	Not verified	—
Elect Director: Sharon R. Williams	9,823,653	--	0	61,911	2,731,317	99.3%	Not verified	—
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	166,764	15,153	--	2,731,317	98%	Not verified	—
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	115,325	16,000	--	2,731,317	99.0%	Not verified	—
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	680,594	100,591	--	2,731,317	93%	Not verified	—

Source: MERCANTILE BANK CORP., Form 8-K, filed with the SEC on May 22, 2025 — read the filing on EDGAR.

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

Each item below shows how the 217 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. Elect Director: Amy L. Sparks

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Amy L. Sparks

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 filed May 22, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 73 asset managers below reported 4,922,505 for, 57,674 withheld, 0 abstained.

FOR

FOR: 4,922,505ABSTAIN: 0WITHHOLD: 57,674

Largest asset managers voting on “Election of Directors: Amy L. Sparks” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Withheld	Vote
Vanguard	988,430	0	For
Dimensional	957,049	0	For
BlackRock	758,720	0	For
American Century	413,473	0	For
Fidelity	356,827	0	For
Tributary Funds, Inc.	170,187	0	For
ProShares	159,063	0	For
Charles Schwab	128,853	0	For
State Street	92,312	0	For
TIAA	68,522	0	For
EA Series Trust	0	57,674	Withhold
ADVISORS' INNER CIRCLE FUND	48,657	0	For
BRIDGEWAY FUNDS INC	47,300	0	For
WisdomTree	45,953	0	For
Equitable	43,477	0	For
RBC FUNDS TRUST	41,333	0	For
SEI	36,795	0	For
Columbia Threadneedle	34,543	0	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	0	For
Invesco	30,718	0	For
CITY NATIONAL ROCHDALE FUNDS	30,500	0	For
Northern Trust	29,786	0	For
Thrivent	28,941	0	For
QUANTITATIVE MASTER SERIES LLC	27,217	0	For
Lincoln Financial	25,363	0	For

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

2. Elect Director: David B. Ramaker

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: David B. Ramaker

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 filed May 22, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 73 asset managers below reported 4,920,957 for, 59,222 withheld, 0 abstained.

FOR

FOR: 4,920,957ABSTAIN: 0WITHHOLD: 59,222

Largest asset managers voting on “Election of Directors: David B. Ramaker” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Withheld	Vote
Vanguard	988,430	0	For
Dimensional	957,049	0	For
BlackRock	758,720	0	For
American Century	413,473	0	For
Fidelity	356,827	0	For
Tributary Funds, Inc.	170,187	0	For
ProShares	159,063	0	For
Charles Schwab	128,853	0	For
State Street	92,312	0	For
TIAA	68,522	0	For
EA Series Trust	0	57,674	Withhold
ADVISORS' INNER CIRCLE FUND	48,657	0	For
BRIDGEWAY FUNDS INC	47,300	0	For
WisdomTree	45,953	0	For
Equitable	43,477	0	For
RBC FUNDS TRUST	41,333	0	For
SEI	36,795	0	For
Columbia Threadneedle	34,543	0	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	0	For
Invesco	30,718	0	For
CITY NATIONAL ROCHDALE FUNDS	30,500	0	For
Northern Trust	29,786	0	For
Thrivent	28,941	0	For
QUANTITATIVE MASTER SERIES LLC	27,217	0	For
Lincoln Financial	25,363	0	For

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

3. Elect Director: Joseph D. Jones

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Joseph D. Jones

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 filed May 22, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.1% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 73 asset managers below reported 4,980,179 for, 0 abstained.

FOR

FOR: 4,980,179ABSTAIN: 0

Largest asset managers voting on “Election of Directors: Joseph D. Jones” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Vote
Vanguard	988,430	For
Dimensional	957,049	For
BlackRock	758,720	For
American Century	413,473	For
Fidelity	356,827	For
Tributary Funds, Inc.	170,187	For
ProShares	159,063	For
Charles Schwab	128,853	For
State Street	92,312	For
TIAA	68,522	For
EA Series Trust	57,674	For
ADVISORS' INNER CIRCLE FUND	48,657	For
BRIDGEWAY FUNDS INC	47,300	For
WisdomTree	45,953	For
Equitable	43,477	For
RBC FUNDS TRUST	41,333	For
SEI	36,795	For
Columbia Threadneedle	34,543	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	For
Invesco	30,718	For
CITY NATIONAL ROCHDALE FUNDS	30,500	For
Northern Trust	29,786	For
Thrivent	28,941	For
QUANTITATIVE MASTER SERIES LLC	27,217	For
Lincoln Financial	25,363	For

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

4. Elect Director: Michael H. Price

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Michael H. Price

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 filed May 22, 2025 (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.

The 73 asset managers below reported 4,979,783 for, 396 withheld, 0 abstained.

FOR

FOR: 4,979,783ABSTAIN: 0WITHHOLD: 396

Largest asset managers voting on “Election of Directors: Michael H. Price” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Withheld	Vote
Vanguard	988,100	330	For
Dimensional	957,049	0	For
BlackRock	758,720	0	For
American Century	413,473	0	For
Fidelity	356,827	0	For
Tributary Funds, Inc.	170,187	0	For
ProShares	159,063	0	For
Charles Schwab	128,853	0	For
State Street	92,311	1	For
TIAA	68,522	0	For
EA Series Trust	57,674	0	For
ADVISORS' INNER CIRCLE FUND	48,657	0	For
BRIDGEWAY FUNDS INC	47,300	0	For
WisdomTree	45,953	0	For
Equitable	43,477	0	For
RBC FUNDS TRUST	41,333	0	For
SEI	36,795	0	For
Columbia Threadneedle	34,543	0	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	0	For
Invesco	30,718	0	For
CITY NATIONAL ROCHDALE FUNDS	30,500	0	For
Northern Trust	29,786	0	For
Thrivent	28,941	0	For
QUANTITATIVE MASTER SERIES LLC	27,217	0	For
Lincoln Financial	25,363	0	For

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

5. Elect Director: Michael S. Davenport

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Michael S. Davenport

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 filed May 22, 2025 (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.

The 73 asset managers below reported 4,922,505 for, 57,674 withheld, 0 abstained.

FOR

FOR: 4,922,505ABSTAIN: 0WITHHOLD: 57,674

Largest asset managers voting on “Election of Directors: Michael S. Davenport” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Withheld	Vote
Vanguard	988,430	0	For
Dimensional	957,049	0	For
BlackRock	758,720	0	For
American Century	413,473	0	For
Fidelity	356,827	0	For
Tributary Funds, Inc.	170,187	0	For
ProShares	159,063	0	For
Charles Schwab	128,853	0	For
State Street	92,312	0	For
TIAA	68,522	0	For
EA Series Trust	0	57,674	Withhold
ADVISORS' INNER CIRCLE FUND	48,657	0	For
BRIDGEWAY FUNDS INC	47,300	0	For
WisdomTree	45,953	0	For
Equitable	43,477	0	For
RBC FUNDS TRUST	41,333	0	For
SEI	36,795	0	For
Columbia Threadneedle	34,543	0	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	0	For
Invesco	30,718	0	For
CITY NATIONAL ROCHDALE FUNDS	30,500	0	For
Northern Trust	29,786	0	For
Thrivent	28,941	0	For
QUANTITATIVE MASTER SERIES LLC	27,217	0	For
Lincoln Financial	25,363	0	For

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

6. Elect Director: Michelle L. Eldridge

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Michelle L. Eldridge

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 filed May 22, 2025 (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.

The 73 asset managers below reported 4,922,500 for, 57,678 withheld, 0 abstained.

FOR

FOR: 4,922,500ABSTAIN: 0WITHHOLD: 57,678

Largest asset managers voting on “Election of Directors: Michelle L. Eldridge” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Withheld	Vote
Vanguard	988,430	0	For
Dimensional	957,049	0	For
BlackRock	758,720	0	For
American Century	413,473	0	For
Fidelity	356,827	0	For
Tributary Funds, Inc.	170,187	0	For
ProShares	159,063	0	For
Charles Schwab	128,853	0	For
State Street	92,308	4	For
TIAA	68,522	0	For
EA Series Trust	0	57,674	Withhold
ADVISORS' INNER CIRCLE FUND	48,657	0	For
BRIDGEWAY FUNDS INC	47,300	0	For
WisdomTree	45,953	0	For
Equitable	43,477	0	For
RBC FUNDS TRUST	41,333	0	For
SEI	36,795	0	For
Columbia Threadneedle	34,543	0	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	0	For
Invesco	30,718	0	For
CITY NATIONAL ROCHDALE FUNDS	30,500	0	For
Northern Trust	29,786	0	For
Thrivent	28,941	0	For
QUANTITATIVE MASTER SERIES LLC	27,217	0	For
Lincoln Financial	25,363	0	For

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

7. Elect Director: Nelson F. Sanchez

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Nelson F. Sanchez

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 filed May 22, 2025 (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.

The 73 asset managers below reported 4,922,505 for, 57,674 withheld, 0 abstained.

FOR

FOR: 4,922,505ABSTAIN: 0WITHHOLD: 57,674

Largest asset managers voting on “Election of Directors: Nelson F. Sanchez” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Withheld	Vote
Vanguard	988,430	0	For
Dimensional	957,049	0	For
BlackRock	758,720	0	For
American Century	413,473	0	For
Fidelity	356,827	0	For
Tributary Funds, Inc.	170,187	0	For
ProShares	159,063	0	For
Charles Schwab	128,853	0	For
State Street	92,312	0	For
TIAA	68,522	0	For
EA Series Trust	0	57,674	Withhold
ADVISORS' INNER CIRCLE FUND	48,657	0	For
BRIDGEWAY FUNDS INC	47,300	0	For
WisdomTree	45,953	0	For
Equitable	43,477	0	For
RBC FUNDS TRUST	41,333	0	For
SEI	36,795	0	For
Columbia Threadneedle	34,543	0	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	0	For
Invesco	30,718	0	For
CITY NATIONAL ROCHDALE FUNDS	30,500	0	For
Northern Trust	29,786	0	For
Thrivent	28,941	0	For
QUANTITATIVE MASTER SERIES LLC	27,217	0	For
Lincoln Financial	25,363	0	For

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

8. Elect Director: Raymond E. Reitsma

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Raymond E. Reitsma

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 filed May 22, 2025 (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.

The 73 asset managers below reported 4,980,179 for, 0 abstained.

FOR

FOR: 4,980,179ABSTAIN: 0

Largest asset managers voting on “Election of Directors: Raymond E. Reitsma” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Vote
Vanguard	988,430	For
Dimensional	957,049	For
BlackRock	758,720	For
American Century	413,473	For
Fidelity	356,827	For
Tributary Funds, Inc.	170,187	For
ProShares	159,063	For
Charles Schwab	128,853	For
State Street	92,312	For
TIAA	68,522	For
EA Series Trust	57,674	For
ADVISORS' INNER CIRCLE FUND	48,657	For
BRIDGEWAY FUNDS INC	47,300	For
WisdomTree	45,953	For
Equitable	43,477	For
RBC FUNDS TRUST	41,333	For
SEI	36,795	For
Columbia Threadneedle	34,543	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	For
Invesco	30,718	For
CITY NATIONAL ROCHDALE FUNDS	30,500	For
Northern Trust	29,786	For
Thrivent	28,941	For
QUANTITATIVE MASTER SERIES LLC	27,217	For
Lincoln Financial	25,363	For

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

9. Elect Director: Richard D. MacDonald

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Richard D. MacDonald

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 filed May 22, 2025 (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.

The 73 asset managers below reported 4,922,505 for, 57,674 withheld, 0 abstained.

FOR

FOR: 4,922,505ABSTAIN: 0WITHHOLD: 57,674

Largest asset managers voting on “Election of Directors: Richard D. MacDonald” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Withheld	Vote
Vanguard	988,430	0	For
Dimensional	957,049	0	For
BlackRock	758,720	0	For
American Century	413,473	0	For
Fidelity	356,827	0	For
Tributary Funds, Inc.	170,187	0	For
ProShares	159,063	0	For
Charles Schwab	128,853	0	For
State Street	92,312	0	For
TIAA	68,522	0	For
EA Series Trust	0	57,674	Withhold
ADVISORS' INNER CIRCLE FUND	48,657	0	For
BRIDGEWAY FUNDS INC	47,300	0	For
WisdomTree	45,953	0	For
Equitable	43,477	0	For
RBC FUNDS TRUST	41,333	0	For
SEI	36,795	0	For
Columbia Threadneedle	34,543	0	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	0	For
Invesco	30,718	0	For
CITY NATIONAL ROCHDALE FUNDS	30,500	0	For
Northern Trust	29,786	0	For
Thrivent	28,941	0	For
QUANTITATIVE MASTER SERIES LLC	27,217	0	For
Lincoln Financial	25,363	0	For

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

10. Elect Director: Sara A. Schmidt

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Sara A. Schmidt

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 filed May 22, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.3% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 73 asset managers below reported 4,980,179 for, 0 abstained.

FOR

FOR: 4,980,179ABSTAIN: 0

Largest asset managers voting on “Election of Directors: Sara A. Schmidt” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Vote
Vanguard	988,430	For
Dimensional	957,049	For
BlackRock	758,720	For
American Century	413,473	For
Fidelity	356,827	For
Tributary Funds, Inc.	170,187	For
ProShares	159,063	For
Charles Schwab	128,853	For
State Street	92,312	For
TIAA	68,522	For
EA Series Trust	57,674	For
ADVISORS' INNER CIRCLE FUND	48,657	For
BRIDGEWAY FUNDS INC	47,300	For
WisdomTree	45,953	For
Equitable	43,477	For
RBC FUNDS TRUST	41,333	For
SEI	36,795	For
Columbia Threadneedle	34,543	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	For
Invesco	30,718	For
CITY NATIONAL ROCHDALE FUNDS	30,500	For
Northern Trust	29,786	For
Thrivent	28,941	For
QUANTITATIVE MASTER SERIES LLC	27,217	For
Lincoln Financial	25,363	For

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

11. Elect Director: Sharon R. Williams

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Election of Directors: Shoran R. Williams

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 filed May 22, 2025 (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.

The 73 asset managers below reported 4,980,179 for, 0 abstained.

FOR

FOR: 4,980,179ABSTAIN: 0

Largest asset managers voting on “Election of Directors: Shoran R. Williams” at MERCANTILE BANK CORP., 2024-2025
Asset manager	For	Vote
Vanguard	988,430	For
Dimensional	957,049	For
BlackRock	758,720	For
American Century	413,473	For
Fidelity	356,827	For
Tributary Funds, Inc.	170,187	For
ProShares	159,063	For
Charles Schwab	128,853	For
State Street	92,312	For
TIAA	68,522	For
EA Series Trust	57,674	For
ADVISORS' INNER CIRCLE FUND	48,657	For
BRIDGEWAY FUNDS INC	47,300	For
WisdomTree	45,953	For
Equitable	43,477	For
RBC FUNDS TRUST	41,333	For
SEI	36,795	For
Columbia Threadneedle	34,543	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	For
Invesco	30,718	For
CITY NATIONAL ROCHDALE FUNDS	30,500	For
Northern Trust	29,786	For
Thrivent	28,941	For
QUANTITATIVE MASTER SERIES LLC	27,217	For
Lincoln Financial	25,363	For

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

12. The votes cast on the implementation an Employee Stock Purchase Plan (ESPP) offering a five percent (5%) discount on…

Outcome not verifiedCOMPENSATIONReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

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

Details: description as filed, official tally, votes by 74 asset managers

Description as filed by funds: Approval of the new Employee Stock Purchase Plan with a five percent (5%) discount ("ESPP").

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 filed May 22, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 74 asset managers below reported 4,984,154 for, 0 against, 0 abstained.

FOR

FOR: 4,984,154AGAINST: 0ABSTAIN: 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 manager	For	Vote
Vanguard	988,430	For
Dimensional	957,049	For
BlackRock	758,720	For
American Century	413,473	For
Fidelity	356,827	For
Tributary Funds, Inc.	170,187	For
ProShares	159,063	For
Charles Schwab	128,853	For
State Street	92,312	For
TIAA	68,522	For
EA Series Trust	57,674	For
ADVISORS' INNER CIRCLE FUND	48,657	For
BRIDGEWAY FUNDS INC	47,300	For
WisdomTree	45,953	For
Equitable	43,477	For
RBC FUNDS TRUST	41,333	For
SEI	36,795	For
Columbia Threadneedle	34,543	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	For
Invesco	30,718	For
CITY NATIONAL ROCHDALE FUNDS	30,500	For
Northern Trust	29,786	For
Thrivent	28,941	For
QUANTITATIVE MASTER SERIES LLC	27,217	For
Lincoln Financial	25,363	For

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

13. The votes cast on the advisory vote to approve the compensation of our named executive officers disclosed in our proxy…

Outcome not verified Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 14 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

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

Details: description as filed, official tally, votes by 217 asset managers

Description as filed by funds: AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS DISCLOSED IN OUR PROXY STATEMENT ("SAY-ON-PAY").

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 filed May 22, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports: 73 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 manager	For	Against	Vote
Vanguard	988,100	330	For
Dimensional	957,049	0	For
BlackRock	758,720	0	For
American Century	0	413,473	Against
Fidelity	356,827	0	For
Tributary Funds, Inc.	170,187	0	For
ProShares	159,063	0	For
Charles Schwab	128,853	0	For
State Street	92,312	0	For
TIAA	68,522	0	For
EA Series Trust	57,674	0	For
ADVISORS' INNER CIRCLE FUND	48,657	0	For
BRIDGEWAY FUNDS INC	47,300	0	For
WisdomTree	45,953	0	For
Equitable	43,477	0	For
RBC FUNDS TRUST	41,333	0	For
SEI	36,795	0	For
Columbia Threadneedle	34,543	0	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	0	For
Invesco	30,718	0	For
CITY NATIONAL ROCHDALE FUNDS	30,500	0	For
Northern Trust	29,786	0	For
Thrivent	28,941	0	For
QUANTITATIVE MASTER SERIES LLC	27,217	0	For
Lincoln Financial	25,363	0	For

Fund voting reports, all 73 managers: 4,557,553 for, 422,626 against, 0 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 167 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 manager	For	Against	Vote
BlackRock	682,559	0	For
Renaissance	492,390	0	For
American Century	0	426,511	Against
State Street	420,948	0	For
GEODE CAPITAL MANAGEMENT, LLC	387,229	0	For
LSV ASSET MANAGEMENT	204,786	0	For
GREENLEAF TRUST	160,169	0	For
Northern Trust	143,245	0	For
Charles Schwab	128,860	0	For
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	105,210	0	For
Dimensional	95,682	0	For
MERCER GLOBAL ADVISORS INC /ADV	93,877	0	For
MALTESE CAPITAL MANAGEMENT LLC	85,698	0	For
Tributary Capital Management, LLC	84,383	0	For
Nuveen	70,429	0	For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	67,618	0	For
AQR	63,935	0	For
Connor, Clark & Lunn Investment Management Ltd.	55,174	0	For
MELLON INVESTMENTS Corp	54,805	0	For
BRIDGEWAY CAPITAL MANAGEMENT, LLC	47,300	0	For
SEI	40,668	0	For
Two Sigma	38,122	0	For
Allianz	0	36,340	Against
Vanguard	36,055	0	For
Invesco	35,308	0	For

Institutional-manager reports, all 167 managers: 4,410,680 for, 501,998 against, 225 not voted, 5,629 1 year. Showing the 25 largest; see all in the interactive database.

14. AN ADVISORY VOTE ON THE FREQUENCY OF ADVISORY APPROVAL OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS ("SAY…

No official match Fund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 9 wordings of this item as funds reported it.

100% Fund and manager reports combined; may count the same shares twice · no official result

1 YEAR

Details: description as filed, votes by 208 asset managers

Description as filed by funds: AN ADVISORY VOTE ON THE FREQUENCY OF ADVISORY APPROVAL OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS ("SAY- ON-FREQUENCY").

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 71 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 manager	For	Vote
Vanguard	0	--
Dimensional	0	--
BlackRock	0	--
American Century	0	--
Fidelity	0	--
Tributary Funds, Inc.	0	--
ProShares	0	--
Charles Schwab	0	--
State Street	0	--
TIAA	0	--
EA Series Trust	0	--
ADVISORS' INNER CIRCLE FUND	0	--
BRIDGEWAY FUNDS INC	0	--
WisdomTree	0	--
Equitable	0	--
RBC FUNDS TRUST	0	--
SEI	0	--
Columbia Threadneedle	0	--
HOTCHKIS & WILEY FUNDS /DE/	0	--
Invesco	0	--
CITY NATIONAL ROCHDALE FUNDS	0	--
Northern Trust	0	--
Thrivent	0	--
QUANTITATIVE MASTER SERIES LLC	0	--
Lincoln Financial	9,993	For

Fund voting reports, all 71 managers: 9,993 for, 0 abstained, 3,984,638 1 year, 973,528 3 year, 10 unknown. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 160 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 manager	For	Against	Abstain	Withheld	Vote
BlackRock	0	0	0	0	--
Renaissance	0	0	0	0	--
American Century	0	0	0	0	--
State Street	0	0	0	0	--
GEODE CAPITAL MANAGEMENT, LLC	0	0	0	0	--
LSV ASSET MANAGEMENT	0	0	0	0	--
GREENLEAF TRUST	0	0	0	0	--
Northern Trust	0	0	0	0	--
Charles Schwab	0	0	0	0	Not Voted
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	0	0	0	0	--
Dimensional	0	0	0	0	--
MERCER GLOBAL ADVISORS INC /ADV	0	0	0	0	--
MALTESE CAPITAL MANAGEMENT LLC	0	0	0	0	--
Nuveen	0	0	0	0	--
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	0	0	0	0	--
AQR	0	0	0	0	--
Connor, Clark & Lunn Investment Management Ltd.	0	0	0	0	--
MELLON INVESTMENTS Corp	0	0	0	0	--
BRIDGEWAY CAPITAL MANAGEMENT, LLC	0	0	0	0	--
SEI	0	0	0	0	--
Two Sigma	0	0	0	0	--
Allianz	0	0	0	0	--
Vanguard	0	0	0	0	--
Invesco	0	0	0	0	--
PNC BANK, NATIONAL ASSOCIATION	0	0	0	0	--

Institutional-manager reports, all 160 managers: 5,629 for, 225 not voted, 4,582,674 1 year, 146,658 3 year, 41,795 2 year. Showing the 25 largest; see all in the interactive database.

15. 2 The votes cast on the ratification of the appointment of Plante & Moran, PLLC as our independent registered public…

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

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

Details: description as filed, official tally, votes by 73 asset managers

Description as filed by funds: Ratification of the appointment of Plante & Moran, PLLC as our independent registered public accounting firm for 2025 ("Auditor Ratification").

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 filed May 22, 2025 (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.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 73 asset managers below reported 4,921,560 for, 57,674 against, 0 abstained.

FOR

FOR: 4,921,560AGAINST: 57,674ABSTAIN: 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 manager	For	Against	Vote
Vanguard	988,430	0	For
Dimensional	957,049	0	For
BlackRock	758,720	0	For
American Century	413,473	0	For
Fidelity	356,827	0	For
Tributary Funds, Inc.	170,187	0	For
ProShares	159,063	0	For
Charles Schwab	128,853	0	For
State Street	92,312	0	For
TIAA	68,522	0	For
EA Series Trust	0	57,674	Against
ADVISORS' INNER CIRCLE FUND	48,657	0	For
BRIDGEWAY FUNDS INC	47,300	0	For
WisdomTree	45,953	0	For
Equitable	43,477	0	For
RBC FUNDS TRUST	41,333	0	For
SEI	36,795	0	For
Columbia Threadneedle	34,543	0	For
HOTCHKIS & WILEY FUNDS /DE/	34,000	0	For
Invesco	30,718	0	For
CITY NATIONAL ROCHDALE FUNDS	30,500	0	For
Northern Trust	29,786	0	For
Thrivent	28,941	0	For
QUANTITATIVE MASTER SERIES LLC	27,217	0	For
Lincoln Financial	25,363	0	For

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

Largest MERCANTILE BANK CORP. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 16,235,660 shares outstanding at the time of that meeting.

Fund voting reports: top MERCANTILE BANK CORP. shareholders by shares voted on “AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS DISCLOSED IN OUR…”, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	6.09%
2	Dimensional	5.89%
3	BlackRock	4.67%
4	American Century	2.55%
5	Fidelity	2.20%
6	Tributary Funds, Inc.	1.05%
7	ProShares	0.98%
8	Charles Schwab	0.79%
9	State Street	0.57%
10	TIAA	0.42%

Institutional-manager reports: top MERCANTILE BANK CORP. shareholders by shares voted on “AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS DISCLOSED IN OUR…”, 2024-2025
#	Asset manager	% of shares outstanding
1	BlackRock	4.20%
2	Renaissance	3.03%
3	American Century	2.63%
4	State Street	2.59%
5	GEODE CAPITAL MANAGEMENT, LLC	2.39%
6	LSV ASSET MANAGEMENT	1.26%
7	GREENLEAF TRUST	0.99%
8	Northern Trust	0.88%
9	Charles Schwab	0.80%
10	HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	0.65%

Reported MERCANTILE BANK CORP. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

MERCANTILE BANK CORP. holdings and ownership disclosed 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 March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), 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 March 31, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At MERCANTILE BANK CORP.'s shareholder meeting held May 22, 2025, in the 2024-2025 proxy season, 217 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,888 separate fund positions. Their filings are grouped here into 15 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 on May 22, 2025.

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

Download data (CSV): ballot items · votes by manager · column guide.