secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2022-03-25T23:59:59+00:00
Accession:  0001163370-22-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrim BanCorp promotes Huston to Bank President; Zins named COO
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- Michael Huston named President & Chief Lending Officer of Northrim Bank effective March 26, 2022; base salary increased to $332,872.
- Huston's new employment agreement includes annual SERP contribution of 15% of base salary; prior terms remain essentially same.
- Amber Zins promoted to Executive Vice President & Chief Operating Officer of the Bank, replacing the late Michael Martin.
- Joe Schierhorn steps down as Bank President but remains Chairman, CEO of both Bank and parent, plus COO of parent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337022000012/0001163370-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337022000012/nrim-20220325.htm
  HTML page:      https://secwatch.observer/filing/0001163370-22-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer