MICHAEL H. PRICE - Corporate Board Profile

MERCANTILE BANK CORP

Filing Date	Source Excerpt
2004-03-10	MICHAEL H. PRICE (President, Chief Operating Officer and Director of Mercantile, President, Chief Executive Officer and Director of the Bank) Mr. Price has over 20 years of commercial banking experience... The Board of Directors established Mr. Price's annual base salary at $295,000 for 2003.
2005-03-15	MICHAEL H. PRICE (President, Chief Operating Officer and Director of Mercantile, President, Chief Executive Officer and Director of the Bank) Mr. Price has over 20 years of commercial banking experience.
2006-03-15	Michael H. Price............................................ 2005 365,000 217,500 3,500 14,359 President and Chief Operating Officer 2004 325,000 192,500 3,412 11,259 of Mercantile, and President and Chief 2003 295,000 172,500 3,307 10,976 Executive Officer of the Bank
2007-03-14	Michael H. Price, age 50 President, Chief Operating Officer and Director of Mercantile... Mr. Price has been a member of our Board of Directors since 1997.
2009-03-31	Michael H. Price, age 52, Chairman of the Board, President, Chief Executive Officer and Director. Compensation table shows $575,515 total compensation for 2008.
2010-03-17	Michael H. Price, age 53, Chairman of the Board, President and Chief Executive Officer of Mercantile. His compensation for 2009 was $497,321. He is not paid additional compensation for serving on the Board.
2011-03-17	Mr. Price is Chairman of the Board, President and CEO of Mercantile. Compensation Table 2010 total compensation $496,848. No special compensation for serving on Board.
2012-03-16	Michael H. Price, age 55 Chairman of the Board, President and Chief Executive Officer of Mercantile... Mr. Price's compensation is included in the Summary Compensation Table, showing total compensation of $501,880 for 2011.
2013-03-15	Michael H. Price, age 56 Chairman of the Board, President and Chief Executive Officer of Mercantile... Mr. Price's compensation is included in the Summary Compensation Table with total $808,227.
2014-03-14	Michael H. Price, age 57 Chairman of the Board, President and Chief Executive Officer of Mercantile... Director Compensation For 2013: Mr. Price omitted because he received no special compensation for serving on our Board. Summary Compensation Table: Michael H. Price total compensation $602,346.
2015-04-16	Michael H. Price, age 58 President, Chief Executive Officer and Director of Mercantile, and Chief Executive Officer, Chairman and Director of the Bank, Director since 1997 ...Mr. Price has over 30 years of commercial banking experience and joined the Bank in 1997. ... Summary Compensation Table Michael H. Price Total: 840,647
2016-04-11	Michael H. Price, age 59, Chairman of the Board, President and Chief Executive Officer of Mercantile, and Chairman of the Board of the Bank. Director compensation for 2015: No special compensation for serving on Board. Executive compensation total $773,459.
2017-04-10	Michael H. Price, age 60 Executive Chairman of Mercantile and of the Bank; Director since 1997 ...Mr. Price retired as the President and Chief Executive Officer of Mercantile on January 1, 2017. ...Director Compensation For 2016 Mr. Price was omitted from the director compensation table because he received no special compensation for serving on the Board. His compensation is included in the Summary Compensation Table. ...Summary Compensation Table Michael H. Price Total Compensation for 2016: $944,581
2019-04-05	Michael H. Price is 62 years old, Chairman of Mercantile and of the Bank. His total compensation for 2018 was $286,419.
2020-04-09	Michael H. Price DIRECTOR SINCE 1997 Chairman of Mercantile and of the Bank AGE: 63 Mr. Price has over 35 years of commercial banking experience and joined the Bank in 1997. Mr. Price retired as the President and Chief Executive Officer of Mercantile and Chief Executive Officer of the Bank on January 1, 2017, positions he had held since 2007. Mr. Price served as President and Chief Operating Officer of Mercantile and the Bank in 1997 and 1998, and as President and Chief Operating Officer of Mercantile and President and Chief Executive Officer of the Bank from 1999 to June of 2007. Mr. Price also served as Chairman of the Board of Mercantile from 2007 through the date of the Firstbank merger and resumed his position as Chairman of Mercantile following Mr. Sullivan’s retirement in May of 2015. Mr. Price has been and continues to be very active in the Grand Rapids community. From 2005 to 2007, he served on the Board of Directors of the Federal Home Loan Bank of Indianapolis. Mr. Price also held leadership positions on the Boards of Metro Health Corporation, Aquinas College, Habitat for Humanity of Kent County, Project Rehab and Network180. Mr. Price was the founding President of our organization and has demonstrated excellent leadership qualities and a strong understanding of the fundamentals of our industry. These attributes led us to conclude that he should be a member of our Board. Director Compensation For 2019 The following table provides information about the compensation of our directors for the year ended December 31, 2019. Michael H. Price Fees Earned or Paid in Cash ($): 40,000 Stock Awards ($): 39,986 All Other Compensation ($): 11,996 Total ($): 91,982
2021-04-08	Michael H. Price is Director since 1997, age 64, and serves as Chairman of Mercantile and of the Bank. His total annual compensation for 2020 was $88,558.
2022-04-07	Michael H. Price DIRECTOR SINCE 1997 Chairman of Mercantile and of the Bank Mr. Price has over 40 years of commercial banking experience. He retired as President and CEO of Mercantile and CEO of the Bank on January 1, 2017. He has been Chairman of the Board since 2007 and resumed the position after Thomas J. Sullivan’s retirement in 2015. Board Committees Michael H. Price Audit Committee Compensation Committee Governance and Nominating Committee Director Compensation for 2021 Michael H. Price Fees Earned or Paid in Cash: $42,650 Stock Awards: $42,641 All Other Compensation: $2,875 Total: $88,166
2023-04-14	Michael H. Price DIRECTOR SINCE 1997 Chairman of Mercantile and of the Bank AGE: 66 Mr. Price has over 40 years of commercial banking experience and joined the Bank in 1997... Mr. Price was the founding President of our organization and has demonstrated excellent leadership qualities and a strong understanding of the fundamentals of our industry. These attributes led us to conclude that he should be a member of our Board. Director Compensation for 2022 Michael H. Price Fees Earned or Paid in Cash: $45,675 Stock Awards: $46,180 Total: $91,855
2024-04-04	Mr. Price has over 45 years of commercial banking experience ... Chairman of Mercantile and of the Bank ... Director Compensation for 2023: $90,296. ... Board leadership structure: Chairman of the Board.
2025-04-04	MICHAEL H. PRICE DIRECTOR SINCE 1997 Chairman of Mercantile and of the Bank AGE: 68 Mr. Price has over 45 years of commercial banking experience and co-founded the Bank in 1997. ... MICHAEL H. PRICE 50,983 55,143 — — — — — 106,126