Northrim BanCorp Reports Director/Officer Changes & Financials
Ticker: NRIM · Form: 8-K · Filed: Jan 2, 2025 · CIK: 1163370
| Field | Detail |
|---|---|
| Company | Northrim Bancorp Inc (NRIM) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $376,375, $329,935, $289,682 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, financial-statements
Related Tickers: NRIM
TL;DR
NRIM filed an 8-K for director/officer changes and financials as of Jan 1, 2025.
AI Summary
Northrim BanCorp, Inc. filed an 8-K on January 2, 2025, reporting events as of January 1, 2025. The filing includes information regarding the departure and election of directors, appointment of officers, and compensatory arrangements. It also covers financial statements and exhibits.
Why It Matters
This filing signals potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational oversight.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance and financial updates without indicating any significant adverse events or financial distress.
Key Players & Entities
- NORTHRIM BANCORP INC (company) — Registrant
- January 2, 2025 (date) — Filing Date
- January 1, 2025 (date) — Event Date
FAQ
What specific changes occurred regarding directors or officers?
The filing indicates events related to the departure of directors or certain officers, the election of directors, and the appointment of certain officers.
What type of compensatory arrangements are mentioned?
The filing covers compensatory arrangements of certain officers.
What is the primary business of Northrim BanCorp, Inc.?
Northrim BanCorp, Inc. is classified under SIC code 6035, indicating it is a federally chartered savings institution.
When is the fiscal year end for Northrim BanCorp, Inc.?
The fiscal year end for Northrim BanCorp, Inc. is December 31.
What is the principal executive office address for Northrim BanCorp, Inc.?
The principal executive offices are located at 3111 C Street, Anchorage, Alaska 99503.
Filing Stats: 1,150 words · 5 min read · ~4 pages · Grade level 10.2 · Accepted 2025-01-02 09:17:50
Key Financial Figures
- $376,375 — vides for an increase in base salary to $376,375. Ms. Zins' new employment agreement p
- $329,935 — vides for an increase in base salary to $329,935. In addition, on January 1, 2025, the
- $289,682 — s will receive an annual base salary of $289,682 as adjusted from time to time, and an a
Filing Documents
- nrim-20250101.htm (8-K) — 46KB
- a101huston2025employmentco.htm (EX-10.1) — 80KB
- a102ballard2025employmenta.htm (EX-10.2) — 80KB
- a103schierhorn2025employme.htm (EX-10.3) — 80KB
- a104edwards2025employmentc.htm (EX-10.4) — 79KB
- a105zins2025employmentcont.htm (EX-10.5) — 79KB
- 0001163370-25-000002.txt ( ) — 648KB
- nrim-20250101.xsd (EX-101.SCH) — 2KB
- nrim-20250101_lab.xml (EX-101.LAB) — 21KB
- nrim-20250101_pre.xml (EX-101.PRE) — 12KB
- nrim-20250101_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 dated January 1, 2025 10.2 Employment agreement with Jed W. Ballard dated January 1, 2025 10.3 Employment agreement with Joseph M. Schierhorn dated January 1, 2025 10.4 Employment agreement with Mark Edwards dated January 1, 2025 10.5 Employment agreement with Amber Zins dated January 1, 2025
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. January 2, 2025 By: /s/ Michael G. Huston Name: Michael G. Huston Title: President & Chief Executive Officer Exhibit Index Exhibit No. Description 10.1 Employment agreement with Michael G. Huston dated January 1, 2025 10.2 Employment agreement with Jed W. Ballard dated January 1, 2025 10.3 Employment agreement with Joseph M. Schierhorn dated January 1, 2025 10.4 Employment agreement with Mark Edwards dated January 1, 2025 10.5 Employment agreement with Amber Zins dated January 1, 2025