Northrim BanCorp Announces Director Departure and New Appointments
Ticker: NRIM · Form: 8-K · Filed: Apr 10, 2024 · CIK: 1163370
| Field | Detail |
|---|---|
| Company | Northrim Bancorp Inc (NRIM) |
| Form Type | 8-K |
| Filed Date | Apr 10, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-departure, executive-appointments, governance
TL;DR
Northrim BanCorp board shakeup: Director Jones out, new execs in.
AI Summary
Northrim BanCorp, Inc. announced on April 10, 2024, that effective April 9, 2024, Michael J. Jones will depart as a director. The company also announced the election of new directors and the appointment of new officers, along with details on compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Director departures and executive changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Northrim BanCorp, Inc. (company) — Registrant
- Michael J. Jones (person) — Departing Director
- April 9, 2024 (date) — Effective date of director departure
- April 10, 2024 (date) — Date of report
FAQ
Who is departing from the Northrim BanCorp board?
Michael J. Jones is departing as a director, effective April 9, 2024.
What other significant events are reported by Northrim BanCorp?
The company is reporting the election of new directors and the appointment of certain officers, along with details on compensatory arrangements.
When did these changes become effective?
The changes reported, including the director's departure, were effective as of April 9, 2024.
What is the exact name of the company filing this report?
The exact name of the registrant is Northrim BanCorp, Inc.
What is the primary business classification for Northrim BanCorp?
Northrim BanCorp is classified under SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035].
Filing Stats: 581 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-04-10 09:31:02
Filing Documents
- nrim-20240409.htm (8-K) — 29KB
- 0001163370-24-000022.txt ( ) — 145KB
- nrim-20240409.xsd (EX-101.SCH) — 2KB
- nrim-20240409_lab.xml (EX-101.LAB) — 21KB
- nrim-20240409_pre.xml (EX-101.PRE) — 12KB
- nrim-20240409_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) Exhibits – not applicable
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. April 10, 2024 By: /s/ Michael G. Huston Name: Michael G. Huston Title: President & Chief Executive Officer