-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DHaEBPafwHUeJbnOOO403fzYTUvuGMncMz5MX8IvxlrNc9iDi5OWKXpTgzgvvJoL tJOIMeYGxi+Dxwinb5GFpg== 0000950124-04-001514.txt : 20040408 0000950124-04-001514.hdr.sgml : 20040408 20040408092532 ACCESSION NUMBER: 0000950124-04-001514 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040408 ITEM INFORMATION: FILED AS OF DATE: 20040408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERCANTILE BANK CORP CENTRAL INDEX KEY: 0001042729 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 383360865 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26719 FILM NUMBER: 04723605 BUSINESS ADDRESS: STREET 1: 5650 BYRON CENTER AVENUE S. W. CITY: WYOMING STATE: MI ZIP: 49509 BUSINESS PHONE: 616 406-3777 MAIL ADDRESS: STREET 1: 5650 BYRON CENTER AVENUE S. W. CITY: WYOMING STATE: MI ZIP: 49509 8-K 1 k84355be8vk.txt CURRENT REPORT, DATED APRIL 8, 2004 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): APRIL 8, 2004 -------------------- 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) 5650 BYRON CENTER AVENUE SW, WYOMING, MICHIGAN 49509 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 616-406-3777 ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. Press Release. On April 8, 2004, Mercantile Bank Corporation issued a press release announcing a 5% stock dividend and related financial information. A copy of the press release is attached as Exhibit 99.1 and incorporated here by reference. The information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933. 2 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 --------------------------------------- Charles E. Christmas Senior Vice President, Chief Financial Officer and Treasurer Date: April 8, 2004 3 EXHIBIT INDEX Exhibit Number Description - -------------- ----------- 99.1 Press release of Mercantile Bank Corporation reporting a 5% stock dividend and related financial information. 4 EX-99.1 3 k84355bexv99w1.txt PRESS RELEASE Exhibit 99.1 (MERCANTILE BANK CORPORATION LOGO) FOR FURTHER INFORMATION: AT MERCANTILE BANK CORPORATION: FOR MEDIA: Gerald R. Johnson, Jr. Charles Christmas Linda Margolin Chairman & CEO Chief Financial Officer Margolin & Associates, Inc. 616-406-3700 616-406-3750 216-765-0953 gjohnson@mercbank.com cchristmas@mercbank.com lmm@margolinIR.com MERCANTILE BANK CORPORATION DECLARES A 5% STOCK DIVIDEND WYOMING, MICH., April 8 -- At a meeting held April 7, 2004, the Board of Directors of Mercantile Bank Corporation (Nasdaq: MBWM), a rapidly growing community banking organization, declared a five percent stock dividend payable on May 3, 2004 to shareholders of record as of the close of business on April 16, 2004. The stock dividend will increase shares outstanding to approximately 7,168,550. Gerald R. Johnson, Mercantile's Chairman and CEO, stated, "We are pleased to reward shareholders with our fourth annual 5% stock dividend, in addition to the cash dividend we announced earlier today. We believe this dividend will provide increased stock liquidity, consistent with our goal to maximize the value of our shareholders' investment in Mercantile, without imposing a capital burden on our ability to grow." About Mercantile Bank Corporation Mercantile Bank Corporation is the bank holding company for Mercantile Bank of West Michigan. The Bank's primary service area is the Kent and Ottawa County area of West Michigan, which includes the City of Grand Rapids, the second-largest city in the State of Michigan. The Bank provides a wide variety of commercial banking services primarily to businesses, individuals, and governmental units through its five full-service offices in greater Grand Rapids, and its Holland, Michigan, office located thirty miles southwest of Grand Rapids. Mercantile Bank Corporation's common stock is listed on the Nasdaq National Market under the symbol "MBWM." Forward-Looking Statements This news release contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors, including risk factors, referred to from time to time in filings made by Mercantile with the Securities and Exchange Commission. Mercantile undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise. EARNINGS PER SHARE - 5% STOCK DIVIDEND IMPACT
3 Mos. Ended 3 Mos. Ended 3/31/04 3/31/03 ------- ------- (Unaudited) (Unaudited) BEFORE 5% STOCK DIVIDEND Net income $2,973,000 $2,233,000 Basic income per share $ 0.44 $ 0.41 Diluted income per share $ 0.43 $ 0.40 Average shares outstanding 6,818,067 5,412,521 Average diluted shares outstanding 6,965,835 5,535,167 AFTER 5% STOCK DIVIDEND Net income $2,973,000 $2,233,000 Basic income per share $ 0.42 $ 0.39 Diluted income per share $ 0.41 $ 0.38 Average shares outstanding 7,158,970 5,683,147 Average diluted shares outstanding 7,314,126 5,811,925
-----END PRIVACY-ENHANCED MESSAGE-----