Summary of Key Points

• Director Departure: Scott Smith, Director of Independent Bank Corp. (INDB) and Rockland Trust Company, will not stand for re-election and will step down at the company’s May 14, 2026 Annual Shareholder Meeting.
• No Disagreements: The company explicitly states that Mr. Smith’s decision is voluntary and not due to any disagreements with the Company, Rockland Trust, the Board, or management.
• Regulatory Filing: The company filed a Form 8-K, which is a current report required by the SEC to disclose material events.
• Other Matters: No new compensatory arrangements, financial statements, or exhibits beyond the departure notice and cover page XBRL data were disclosed.
• Emerging Growth Company Status: The company is not an emerging growth company under the SEC definition.

Details of the Director’s Departure

On March 10, 2026, Scott Smith, who has served as a Director of Independent Bank Corp. and Rockland Trust Company since April 1, 2019, and as a member of the Trust Committee of the Board since April 2023, notified the Company and Rockland Trust of his voluntary decision not to stand for re-election at the upcoming Annual Shareholder Meeting on May 14, 2026. As a result, Mr. Smith will cease to serve as a Director as of the date of the Annual Shareholder Meeting.

Importantly, the company has clarified that Mr. Smith’s decision was not the result of any disagreement with the Company, Rockland Trust, the Board, or management. This statement is intended to reassure investors that the departure is not related to corporate governance issues, management disputes, or strategic disagreements that could be cause for concern.

What Shareholders Need to Know

• Board Change: Board composition is closely monitored by investors and analysts, as it can indicate potential changes in company strategy or governance. While the company states there are no disagreements, any change in board membership may be seen as a noteworthy event, especially if not anticipated by shareholders.
• Potential Share Price Impact: Director departures—especially if they involve long-tenured or influential board members—can sometimes trigger volatility in the share price. However, the company’s assurance of no underlying disputes is likely to minimize negative speculation.
• Annual Shareholder Meeting: The timing of the departure—coinciding with the annual meeting—means shareholders may want to pay close attention to further communications from the company regarding board nominations or any other strategic updates that may be released in connection with the meeting.

Company and Security Information

• Company Name: Independent Bank Corp.
• SEC File Number: 1-9047
• Exchange: NASDAQ Global Select Market
• Trading Symbol: INDB
• Common Stock Par Value: \$0.01 per share
• Business Address: 288 Union Street, Rockland, MA 02370
• Fiscal Year End: December 31

Regulatory and Exhibit Details

• The only exhibit included in this report is the Cover page interactive data file embedded within the Inline XBRL document.
• No written communications, soliciting materials, or pre-commencement tender offers were included or indicated in this filing.
• The company confirms it is not an emerging growth company and has not opted out of any new or revised financial accounting standards transition periods.

Investor Takeaway

While the voluntary departure of a director is not always a cause for alarm, it is an important event for shareholders to monitor. The company’s transparency in stating there are no disagreements is reassuring. Investors should stay attentive to future announcements about board nominations or other changes leading up to the Annual Meeting.

At present, there are no indications of financial, operational, or strategic issues driving this change. The news is not expected to significantly impact the share value unless further information emerges.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own analysis or consult with professional advisors before making any investment decisions. The information above is based on the company’s public SEC filing as of March 13, 2026.

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