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Securities law

Northrim BanCorp, Inc. Files Form 8-K with the SEC, Reports Voting Results from 2025 Annual Meeting

Strategic Insights

— 1 min read

Northrim BanCorp, Inc., a bank holding company based in Alaska, has filed a Form 8-K with the U.S. Securities and Exchange Commission, reporting the voting results from its 2025 Annual Meeting of Shareholders. The meeting was held on May 22, 2025, and saw the election of 13 directors to serve on the company's Board of Directors. The shareholders also voted to approve the Northrim BanCorp, Inc. 2025 Stock Incentive Plan and ratified the selection of Moss Adams LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025.

Key Takeaways:

  • The election of 13 directors to serve on the company's Board of Directors received strong support, with all 13 directors receiving a majority of votes cast.
  • The Northrim BanCorp, Inc. 2025 Stock Incentive Plan was approved by 95.7% of shares cast, indicating strong support from shareholders.
  • The advisory vote on executive compensation was approved by 96.5% of shares cast, indicating that shareholders are generally satisfied with the company's compensation practices.
  • Moss Adams LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025, with 99.2% of shares cast in support.

Statistics:

  • 4,444,528 shares were present online or by proxy at the 2025 Annual Meeting, out of a total of 5,520,880 shares outstanding and entitled to vote.
  • The 2025 Stock Incentive Plan was approved by 3,477,798 votes cast, out of a total of 3,736,214 votes cast.
  • The advisory vote on executive compensation was cast in favor of the company's compensation practices by 3,672,613 votes, out of a total of 3,736,214 votes cast.
  • 4,396,685 shares were cast in support of the ratification of Moss Adams LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025.

Sources:

  • United States Securities and Exchange Commission, Form 8-K, filed May 23, 2025.

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