Northrim BanCorp Reports Director, Officer, and Compensation Changes
Ticker: NRIM · Form: 8-K · Filed: Mar 29, 2024 · CIK: 1163370
| Field | Detail |
|---|---|
| Company | Northrim Bancorp Inc (NRIM) |
| Form Type | 8-K |
| Filed Date | Mar 29, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $535,000, $200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, financial-reporting
Related Tickers: NRIM
TL;DR
NRIM filed an 8-K detailing board/officer changes and compensation updates.
AI Summary
Northrim BanCorp, Inc. (NRIM) filed an 8-K on March 29, 2024, reporting changes in its board of directors and executive officers, as well as updates to compensatory arrangements. The filing also includes financial statements and exhibits. The company is headquartered in Anchorage, Alaska.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: low — This filing is routine corporate governance and financial reporting, not indicating immediate operational or financial distress.
Key Players & Entities
- Northrim BanCorp, Inc. (company) — Registrant
- March 29, 2024 (date) — Date of Report
- Anchorage, Alaska (location) — Principal Executive Offices
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers. It also includes financial statements and exhibits.
What is the exact name of the registrant?
The exact name of the registrant is Northrim BanCorp, Inc.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on March 29, 2024.
What is the address of Northrim BanCorp, Inc.'s principal executive offices?
The address of Northrim BanCorp, Inc.'s principal executive offices is 3111 C Street, Anchorage, Alaska 99503.
What is the company's fiscal year end?
The company's fiscal year end is December 31.
Filing Stats: 1,191 words · 5 min read · ~4 pages · Grade level 9.8 · Accepted 2024-03-29 16:37:25
Key Financial Figures
- $535,000 — n will receive an annual base salary of $535,000, as adjusted from time to time, as well
- $200,000 — tion in Mr. Schierhorn's base salary to $200,000. In addition, Mr. Schierhorn is also no
Filing Documents
- nrim-20240329.htm (8-K) — 46KB
- a101huston2024employmentco.htm (EX-10.1) — 79KB
- a102schierhorn2024employme.htm (EX-10.2) — 80KB
- exhibit991hustonpromotion.htm (EX-99.1) — 9KB
- nrimpra10.jpg (GRAPHIC) — 5KB
- 0001163370-24-000012.txt ( ) — 376KB
- nrim-20240329.xsd (EX-101.SCH) — 2KB
- nrim-20240329_lab.xml (EX-101.LAB) — 21KB
- nrim-20240329_pre.xml (EX-101.PRE) — 12KB
- nrim-20240329_htm.xml (XML) — 2KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (a) Financial statements – not applicable (b) Proforma financial information – not applicable (c) Shell company transactions – not applicable (d) Exhibit No. Description 10.1 Employment agreement with Michael G. Huston effective April 6, 2024. 10.2 Employment agreement with Joseph M. Schierhorn effective April 6, 2024. 99.1 Press Release dated March 29, 2024.
SIGNATURES
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. Northrim BanCorp, Inc. March 29, 2024 By: /s/ Jed W. Ballard Name: Jed W. Ballard Title: EVP, Chief Financial Officer Exhibit Index Exhibit No. Description 10.1 Employment agreement with Michael G. Huston effective April 6, 2024. 10.2 Employment agreement with Joseph M. Schierhorn effective April 6, 2024. 99.1 Press Release dated March 29, 2024.