---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-23-000019"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T11:49:17.082062+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp adopts bylaw amendments on shareholder proposals and universal proxy compliance

## Summary
- Board approved bylaw amendments effective March 23, 2023, adding advance notice requirements for shareholder proposals.
- Amendments align with SEC's Universal Proxy Rules under Rule 14a-19 for contested director elections.
- New provisions require shareholders nominating directors to provide background info, agreements, and proxy solicitation intent.
- Added dematerialization provisions for securities, updated stock certificate and transfer sections.
- Filing includes Bylaws as Exhibit 3.1 with amendment history dating to 2001.

## SEC filing metadata
- accession: 0001163370-23-000019
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000019/0001163370-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000019/nrim-20230323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-23-000019
- JSON: https://secwatch.observer/filing/0001163370-23-000019.json
- Plain text: https://secwatch.observer/filing/0001163370-23-000019.txt

## Key facts
- Governance Changes
  NORTHRIM BANCORP INC: Amended Bylaws to add advance notice for shareholder proposals, update proxy rules for director nominations, and provide for dematerialization of securities (effective 2023-03-23).
  - Change: bylaw amendment
  - Effective: 2023-03-23
  source text: On March 23, 2023, the Board of Directors (the “Board”) of Northrim BanCorp, Inc. (the "Company") approved and adopted amendments to its Bylaws, as amended (the “Bylaws”), effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000019/0001163370-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.