UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): APRIL 27, 2006
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MERCANTILE BANK CORPORATION
(Exact name of registrant as specified in its charter)
MICHIGAN 000-26719 38-3360865
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification Number)
310 LEONARD STREET NW, GRAND RAPIDS, MICHIGAN 49504
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 616-406-3000
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 (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On January 19, 2006, the Board of Directors of Mercantile Bank
Corporation ("Mercantile") adopted, subject to receiving shareholder approval,
the Stock Incentive Plan of 2006 (the "Plan"). The Plan authorizes the
Compensation Committee of the Board of Directors, or the Board of Directors, to
grant equity-based incentives to directors and employees of Mercantile and its
subsidiaries. These equity-based incentives may include stock options, stock
appreciation rights, restricted stock units, restricted stock, stock awards, and
other awards based on or related to shares of Mercantile common stock. Subject
to certain anti-dilution and other adjustments, 350,000 shares of Mercantile
common stock are available for awards under the Plan. No awards can be granted
under the Plan after January 18, 2016.
The Plan was approved by Mercantile's shareholders at the annual
meeting of shareholders held on April 27, 2006. Accordingly, the adoption of the
Plan is no longer subject to the receipt of shareholder approval, and the Plan
is effective, as of January 19, 2006, the date on which it was adopted by
Mercantile's Board of Directors.
The Plan is described in Mercantile's proxy statement that was filed
with the Securities and Exchange Commission for its April 27, 2006 annual
meeting. A copy of the Plan is set forth in Appendix A to that proxy statement,
and incorporated by reference as an exhibit to this report.
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ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
Exhibit Number Description
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10.1 Stock Incentive Plan of 2006 is incorporated by reference
to Appendix A of Mercantile's proxy statement for its
April 27, 2006 annual meeting of shareholders that was
filed with the Securities and Exchange Commission
(Commission File No. 000-26719)
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.
MERCANTILE BANK CORPORATION
By: /s/ Charles E. Christmas
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Charles E. Christmas
Senior Vice President,
Chief Financial Officer and Treasurer
Date: May 1, 2006
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EXHIBIT INDEX
Exhibit Number Description
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10.1 Stock Incentive Plan of 2006 is incorporated by reference
to Appendix A of Mercantile's proxy statement for its
April 27, 2006 annual meeting of shareholders that was
filed with the Securities and Exchange Commission
(Commission File No. 000-26719)
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