Form 8-K

8-K — Merchants Bancorp

Accession: 0001104659-26-065139

Filed: 2026-05-21

Period: 2026-05-21

CIK: 0001629019

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Submission of Matters to a Vote of Security Holders

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — tm2615368d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2615368d1_ex99-1.htm)

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United

States

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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 21, 2026

Merchants Bancorp

(Exact Name of Registrant as Specified

in its Charter)

Indiana

001-38258

20-5747400

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

410

Monon Boulevard

Carmel, Indiana

46032

(Address of Principal Executive Offices) (Zip Code)

(317) 569-7420

(Registrant’s Telephone Number, Including

Area Code)

Not Applicable

(Former name or former address, if changed since last report)

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:

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))

Securities registered pursuant to Section

12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common Stock, without par value

MBIN

NASDAQ

Depositary

Shares, each representing a 1/40th interest in a share of Series C Preferred Stock, without par value

MBINN

NASDAQ

Depositary

Shares, each representing a 1/40th interest in a share of Series D Preferred Stock, without par value

MBINM

NASDAQ

Depositary

Shares, each representing a 1/40th interest in a share of Series E Preferred Stock, without par value

MBINL

NASDAQ

Common Stock, without par value

MBIN

NASDAQ

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 Submission of Matters to a Vote of Security Holders.

Merchants Bancorp (the “Company”) held its Annual Meeting

of Shareholders on May 21, 2026. Matters voted upon by holders of the Company’s common stock were:

(1) election of twelve (12) directors to the Company’s Board of Directors;

(2) a non-binding, advisory vote on the compensation of the Company’s named executive officers; and

(3) ratification of the appointment of Forvis Mazars, LLP as the independent registered public accounting firm of the Company for the

fiscal year ending December 31, 2026.

The final number of votes cast for, against, or withheld, as well as

the number of abstentions and broker non-votes, for each matter are detailed below.

1. Election of twelve (12) members to the Company’s Board

of Directors to serve until the Company’s 2027 annual meeting of shareholders and until his or her successor has been duly elected

and qualified, or until his or her earlier resignation, removal, or death:

Director Nominee

For

Withheld

Broker Non-Votes

Michael F. Petrie

40,311,603

332,210

2,093,858

Tamika D. Catchings

34,552,845

6,120,968

2,093,858

Michael S. Curless

40,634,251

9,562

2,093,858

Thomas W. Dinwiddie

40,537,106

106,707

2,093,858

Michael J. Dunlap

40,238,642

405,171

2,093,858

Scott A. Evans

40,238,642

405,171

2,093,858

Andrew A. Juster

34,527,080

6,116,733

2,093,858

Julia L. Kaercher

39,894,133

749,680

2,093,858

Patrick D. O’Brien

34,579,661

6,064,152

2,093,858

Randall D. Rogers, Jr.

40,497,823

145,990

2,093,858

Anne E. Sellers

33,951,013

6,692,800

2,093,858

Mark E. Shaffer

40,600,459

43,354

2,093,858

2. A non-binding, advisory vote on the compensation of the Company’s named executive officers.

For

Against

Abstentions

Broker Non-Votes

38,671,751

1,947,562

24,500

2,093,858

3. Ratification of the appointment of Forvis Mazars, LLP as the independent

registered public accounting firm of the Company for the fiscal year ending December 31, 2026.

For

Against

Abstentions

Broker Non-Votes

42,714,503

18,347

4,821

Item 8.01 Other Events.

On May 21, 2026, the Company issued a press release announcing that

the Company’s Board of Directors declared the following quarterly cash dividends:

· $0.11 per share on the Company’s outstanding shares of its common stock;

· $15.00 per share (equivalent to $0.375 per depositary share) on the Company’s

outstanding shares of its 6% Series C preferred stock;

· $20.625 per share (equivalent to $0.5156 per depositary share) on the Company’s

outstanding shares of its 8.25% Series D preferred stock; and

· $19.06 per share (equivalent to $0.4765 per depositary share) on the Company’s

outstanding shares of its 7.625% Series E preferred stock.

Each of the dividends are payable on July 1, 2026 to shareholders of

record on June 15, 2026.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

No.

Description

99.1

Press Release dated May 21, 2026 issued by Merchants Bancorp.

104

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SIGNATURE

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.

MERCHANTS BANCORP

Date: May 21, 2026

By:

/s/ Terry Oznick

Name: Terry Oznick

Title: General Counsel and Secretary

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2615368d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

PRESS

RELEASE

Merchants Bancorp Declares Quarterly

Common and Preferred Dividends

For Release May 21, 2026

CARMEL, Indiana – Merchants Bancorp (“Merchants”)

(Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana (“Merchants Bank”), today

announced that its Board of Directors declared the following quarterly cash dividends for the second quarter of 2026, in each case to

shareholders of record on June 15, 2026, payable on July 1, 2026:

· A dividend of $0.11 per share on the Company’s outstanding shares of

its common stock (NASDAQ:MBIN);

· A dividend of $15.00 per share (equivalent to $0.375 per depositary share)

on the Company’s outstanding shares of its 6% Series C preferred stock (NASDAQ:MBINN);

· A dividend of $20.625 per share (equivalent to $0.5156 per depositary share)

on the Company’s outstanding shares of its 8.25% Series D preferred stock (NASDAQ:MBINM).

· A dividend of $19.06 per share (equivalent to $0.4765 per depositary share)

on the Company’s outstanding shares of its 7.625% Series E preferred stock (NASDAQ:MBINL).

ABOUT MERCHANTS BANCORP

Merchants Bancorp is

a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking

that primarily offers multi-family housing and healthcare facility financing and servicing (through this segment it also serves as a

syndicator of low-income housing tax credit and debt funds); Mortgage Warehousing that offers mortgage warehouse financing, commercial

loans, and deposit services; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and

traditional community banking. Merchants Bancorp, with $20.3 billion in assets and $13.0 billion in deposits as of March 31, 2026, conducts

its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital

Investments, LLC, Merchants Capital Servicing, LLC, Merchants Investment Partners, LLC, and Merchants Mortgage, a division of Merchants

Bank of Indiana. For more information and financial data, please visit Merchants’ Investor Relations page at

investors.merchantsbancorp.com.

Media Contact: Rebecca Marsh

Merchants Bancorp

Phone: (317) 805-4356

Email: rmarsh@bankmerchants.com

Investor Contact: Tami Durle

Merchants Bancorp

Phone: (317) 324-4556

Email: tdurle@bankmerchants.com

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