UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): May 7, 2024
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | |||||
| (Commission File Number) | (IRS Employer Identification No.) | ||||
(Address of principal executive offices, including zip code)
(765 ) 747-1500
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
| Title of Each Class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 5.07 DEPARTURE SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
On May 7, 2024 the Corporation held its Annual Meeting of Shareholders.
Michael R. Becher, Patrick J. Fehring, Mark K. Hardwick and Jason R. Sondhi were elected to the Board of Directors for three-year terms expiring at the 2027 annual meeting of shareholders.
The shareholders adopted a non-binding resolution approving the compensation of the Corporation’s executive officers, as well as proposals to approve: the 2024 Long-Term Equity Incentive Plan, the Equity Compensation Plan for Non-Employee Directors, the 2024 Employee Stock Purchase Plan, an amendment to the Company’s Articles of Incorporation giving shareholders the ability to amend the Company’s Bylaws, amendments to the Company’s Articles of Incorporation to provide for a phased-in declassification of the Company’s Board of Directors, an amendment to the Company’s Articles of Incorporation to require majority voting in uncontested director elections and the appointment of FORVIS, LLP as the Corporation’s independent registered public accounting firm for 2024. Finally, the shareholders voted to approve, on an advisory basis, “One Year” as the frequency of voting on executive compensation.
The votes on these matters were as follows:
1. Election of Directors:
| FOR | WITHHELD | BROKER NON-VOTES | |||||||||
| Michael R. Becher | 40,307,395 | 5,941,997 | 5,633,279 | ||||||||
| Patrick J. Fehring | 44,516,265 | 1,733,127 | 5,633,279 | ||||||||
| Mark K. Hardwick | 44,548,963 | 1,700,429 | 5,633,279 | ||||||||
| Jason R. Sondhi | 45,347,179 | 902,213 | 5,633,279 | ||||||||
2. Approval, on an advisory basis, of the compensation of Corporation’s named executive officers:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 42,689,312 | 3,385,497 | 174,583 | 5,633,279 | ||||||||
3. Approval, on an advisory basis, of the frequency of advisory votes on executive compensation:
| ONE YEAR | TWO YEARS | THREE YEARS | ABSTAIN | ||||||||
| 42,506,356 | 136,700 | 3,401,641 | 204,695 | ||||||||
4. Approval of 2024 Long-Term Equity Incentive Plan:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 43,587,327 | 2,538,796 | 123,269 | 5,633,279 | ||||||||
5. Approval of 2024 Employee Stock Purchase Plan:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 45,814,799 | 396,550 | 38,043 | 5,633,279 | ||||||||
6. Approval of the Equity Compensation Plan for Non-Employee Directors:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 45,100,088 | 1,013,872 | 135,432 | 5,633,279 | ||||||||
7. Approval of an amendment to the Company’s Articles of Incorporation giving shareholders the ability to amend the Company’s Bylaws:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 45,283,023 | 812,536 | 153,833 | 5,633,279 | ||||||||
8. Approval of an amendment to the Company’s Articles of Incorporation to provide for a phased-in declassification of the Company’s Board of Directors:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 45,651,697 | 386,458 | 211,237 | 5,633,279 | ||||||||
9. Approval of an amendment the Company’s Articles of Incorporation to require majority voting in uncontested director elections:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 45,191,552 | 995,701 | 62,138 | 5,633,279 | ||||||||
10. Approval of FORVIS, LLP as independent auditor for 2024:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 50,041,948 | 1,789,147 | 51,576 | — | ||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| First Merchants Corporation | |||||||||||
| (Registrant) | |||||||||||
By: /s/ Michele M. Kawiecki Michele M. Kawiecki Executive Vice President, Chief Financial Officer (Principal Financial and Accounting Officer) | |||||||||||
Dated: May 9, 2024 | |||||||||||