Independent Bank (IBCP) Proxy Filing summary

Executive summary

• The 2026 Annual Meeting will be held virtually on April 21, 2026, with voting available online, by phone, mail, or during the meeting itself.

• Proxy materials are primarily distributed electronically to reduce costs and environmental impact.

• Shareholders of record as of February 20, 2026, are entitled to vote on key proposals.

Voting matters and shareholder proposals

• Four directors are up for election: three for three-year terms and one for a one-year term.

• Shareholders will vote on ratifying Crowe LLP as independent auditors for 2026.

• Advisory votes will be held on executive compensation (say-on-pay) and the frequency of future say-on-pay votes.

• No shareholder proposals were received for the 2026 meeting.

Board of directors and corporate governance

• The board consists of 10 members, with staggered terms and a majority classified as independent under NASDAQ rules.

• Board committees include Audit, Compensation, and Nominating and Corporate Governance, each composed of independent directors.

• Directors are expected to attend all meetings; all but one attended the 2025 annual meeting.

• The board separates the roles of CEO and Chairperson and regularly meets in executive session.