165 results
10-K/A
2023 FY
MCBC
Macatawa Bank Corp.
29 Apr 24
Annual report (amended)
4:47pm
The following table shows information concerning the compensation earned by the Chief Executive Officer and each of the Company's two most highly compensated executive officers other than the Chief Executive Officer who were serving as executive officers as of December 31, 2023 (the officers identified in the table below are referred to in this proxy statement as the "named executive officers").
Year | Salary ($)(1) | Bonus ($) | Stock Awards ($)(2) | Option Awards ($)(2) | Nonequity Incentive Plan Compen- sation | All Other Compensation ($)(3) | Total ($) | ||||||||||||||||||||||
Jon W. Swets | 2023 | 410,417 | 0 | 104,996 | 0 | 0 | 15,522 | 533,935 | |||||||||||||||||||||
Chief Executive Officer and President and a director of the Company and the Bank | 2022 | 370,000 | 0 | 84,990 | 0 | 0 | 14,522 | 469,512 | |||||||||||||||||||||
Craig A. Hankinson | 2023 | 398,750 | 0 | 94,990 | 0 | 0 | 15,522 | 509,262 | |||||||||||||||||||||
Senior Vice President of the Company and Chief Operating Officer of the Bank | 2022 | 370,000 | 0 | 84,990 | 0 | 0 | 14,522 | 469,512 | |||||||||||||||||||||
Jill A. Walcott | 2023 | 308,333 | 0 | 69,994 | 0 | 0 | 10,630 | 388,957 | |||||||||||||||||||||
Senior Vice President of the Company and Chief Retail Banking Officer of the Bank | 2022 | 282,500 | 0 | 45,000 | 0 | 0 | 9,711 | 337,211 | |||||||||||||||||||||
Ronald L. Haan (4) | 2023 | 479,170 | 0 | 0 | 0 | 0 | 205,946 | 685,113 | |||||||||||||||||||||
Retired Chief Executive Officer and President and a director of the Company and the Bank | 2022 | 540,000 | 0 | 124,992 | 0 | 0 | 19,058 | 684,050 | |||||||||||||||||||||
10-K/A
2023 FY
MCBC
Macatawa Bank Corp.
29 Apr 24
Annual report (amended)
4:47pm
The table below sets forth the number of shares of Macatawa common stock that each of our directors and nominees for director, each named executive officer in the Summary Compensation Table above, and all directors, nominees for director and executive officers of Macatawa as a group are deemed to have beneficially owned as of December 31, 2023. Ownership of less than 1% of the outstanding shares of common stock is indicated by asterisk.
Amount and Nature of Beneficial Ownership(1) | ||||||||||||||||
Name of Beneficial Owner | Sole Voting and Dispositive Power | Shared Voting or Dispositive Power(2) | Total Beneficial Ownership | Percent of Class(3) | ||||||||||||
Nicole S. Dandridge | --- | --- | --- | * | ||||||||||||
Charles A. Geenen | 123,724 | --- | 123,724 | * | ||||||||||||
Ronald L. Haan | 170,039 | 144,048 | 314,087 | * | ||||||||||||
Craig A. Hankinson | 17,606 | 64,136 | 81,742 | * | ||||||||||||
Robert L. Herr | 4,767 | 23,310 | 28,077 | * | ||||||||||||
Birgit M. Klohs | 17,269 | --- | 17,269 | * | ||||||||||||
Michael K. Le Roy | 12,702 | --- | 12,702 | * | ||||||||||||
Douglas B. Padnos | 120,087 | 15,781 | 135,868 | * | ||||||||||||
Richard L. Postma | 1,559,639 | --- | 1,559,639 | 4.5 | % | |||||||||||
Thomas P. Rosenbach | 75,702 | --- | 75,702 | * | ||||||||||||
Jon W. Swets | 148,512 | 1,995 | 150,507 | * | ||||||||||||
Jill Walcott | 87,970 | 393,152 | 481,122 | 1.4 | % | |||||||||||
All directors and executive officers as a group (10 persons) | 2,338,017 | 642,422 | 2,980,439 | 8.7 | % |
10-K/A
2023 FY
MCBC
Macatawa Bank Corp.
29 Apr 24
Annual report (amended)
4:47pm
The following table sets forth certain information regarding the Company's equity compensation plans as of December 31, 2023. The following information has been adjusted to reflect the effect of all stock dividends and stock splits.
Equity Compensation Plan Information | ||||||||||||
Plan Category | (a) Number of securities to be issued upon exercise of outstanding options, warrants and rights | (b) Weighted-average exercise price of outstanding options, warrants and rights | (c) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) | |||||||||
Equity compensation plans approved by security holders (1) | 0 | N/A | 895,698 | |||||||||
Equity compensation plans not approved by security holders | 0 | N/A | 0 | |||||||||
Total | 0 | N/A | 895,698 |
10-K/A
2023 FY
MCBC
Macatawa Bank Corp.
29 Apr 24
Annual report (amended)
4:47pm
The following table provides information concerning shares of restricted stock granted during 2023. No other types of plan-based awards were granted during 2023.
Stock Awards: Number of Shares of Stock or Units (1) (#) | Grant Date Fair Value of Stock Awards (2) ($) | ||||||||
Name | Grant Date | ||||||||
Jon W. Swets | 11/16/2023 | 10,703 | 104,996 | ||||||
Craig A. Hankinson | 11/16/2023 | 9,683 | 94,990 | ||||||
Jill A. Walcott | 11/16/2023 | 7,135 | 69,994 |
10-K/A
2023 FY
MCBC
Macatawa Bank Corp.
29 Apr 24
Annual report (amended)
4:47pm
The table below provides information with respect to how each of our directors self-identifies with respect to gender, race and ethnicity and LGBTQ+ status.
Board Diversity Matrix (as of April 26, 2024) | ||||
Total Number of Directors | 10 | |||
Female | Male | Non-Binary | Did Not Disclose Gender | |
Part I: Gender Identity | ||||
Directors | 2 | 8 | 0 | 0 |
Part II: Demographic Background | ||||
African American or Black | 0 | 0 | 0 | 0 |
Alaskan Native or Native American | 0 | 0 | 0 | 0 |
Asian | 0 | 0 | 0 | 0 |
Hispanic or Latinx | 0 | 0 | 0 | 0 |
Native Hawaiian or Pacific Islander | 0 | 0 | 0 | 0 |
White | 1 | 8 | 0 | 0 |
Two or More Races or Ethnicities | 0 | 0 | 0 | 0 |
LGBTQ+ | 0 | |||
Did Not Disclose Demographic Background | 1 |
10-K/A
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29 Apr 24
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