United States

People: Independent Bank Corp (IBCP.O)

IBCP.O on Nasdaq

19 Oct 2017
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Magee, Michael 

Mr. Michael M. Magee is an Executive Chairman of the Board of Independent Bank Corporation, since January 1, 2013. Prior to January 1, 2013, Mr. Magee was the Chief Executive Officer of Independent Bank Corporation since January 1, 2005, Executive Vice President and Chief Operating Officer since 2004 and prior to that he served as President and Chief Executive Officer of Independent Bank since 1993. He became a director of Independent Bank Corporation in 2005. Mr. Magee has over 33 years of service in the financial services industry and served as our Chief Executive Officer for 8 years. That position and those experiences make him a particularly important component of the Board.

Basic Compensation

Total Annual Compensation, USD 582,000
Restricted Stock Awards, USD --
Long-Term Incentive Plans, USD --
All Other, USD 9,380
Fiscal Year Total, USD 591,380

Options Compensation

  Quantity Market Value
Exercisable 73,384 306,829.00
Unexercisable 14,031 127,146.00
Exercised 53,310 943,651.00