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AI brief of an SEC Form 8-K · Merchants Bancorp (MBIN)

Merchants Bancorp Names Sean Sievers Chief Financial Officer, Effective September 9

Neutral Impact 4 of 5 leadership Written later

Merchants Bancorp appointed Sean Sievers as Chief Financial Officer effective September 9, 2024, and he will also serve as principal accounting officer. He succeeds John F. Macke, who is retiring on September 27, 2024, and the two will share duties until then.

Key points

  • Sean Sievers was appointed CFO effective September 9, 2024; he previously was CFO at Rate (formerly Guaranteed Rate) since 2022
  • Sievers' compensation includes an annual base salary of $600,000, a target cash incentive of 50% of base salary, and a target equity incentive of 50% of base salary
  • He receives a one-time cash award of $250,000 and a one-time equity award of common stock equal to $250,000
  • John F. Macke's last day is September 27, 2024

The filing

CompanyMerchants Bancorp (MBIN)
Form8-K, current report
Filed with the SECSep 11, 2024, 4:05 PM ET
Accession number0001104659-24-098918

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 11, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.