---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-23-000036"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T11:18:21.776961+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp shareholders elect 13 directors, approve stock plan at annual meeting

## Summary
- All 13 director nominees elected; top vote-getter Marilyn Romano with 3.80M for, 19K withheld.
- 2023 Stock Incentive Plan approved: 3.66M for, 147K against, 856K broker non-votes.
- Advisory vote on executive compensation passed with 3.76M for (96% of votes cast).
- Frequency of advisory vote set at 1 year with 3.27M votes (87% of votes cast).
- Ratification of Moss Adams as auditor for FY2023: 4.64M for, 27K against.

## SEC filing metadata
- accession: 0001163370-23-000036
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000036/0001163370-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000036/nrim-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-23-000036
- JSON: https://secwatch.observer/filing/0001163370-23-000036.json
- Plain text: https://secwatch.observer/filing/0001163370-23-000036.txt

## Key facts
- Shareholder Votes
  NORTHRIM BANCORP INC shareholders approved Election of 13 directors to serve on the Company's Board of Directors until the 2024 annual meeting of shareholders or until their successors have been elected and have qualified at the 2023-05-25 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: Election of Directors DIRECTOR FOR WITHHOLD VOTES CAST BROKER NONVOTES Larry S. Cash 3,579,068 239,587 3,818,655 856,792
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000036/0001163370-23-000036-index.htm
- Shareholder Votes
  NORTHRIM BANCORP INC shareholders approved Approval, by nonbinding vote, of the compensation of the Company's named executive officers at the 2023-05-25 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: Advisory Vote (Nonbinding) on Executive Compensation FOR AGAINST ABSTAIN VOTES CAST BROKER NONVOTES 3,762,181 34,412 22,062 3,818,655 856,792
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000036/0001163370-23-000036-index.htm
- Shareholder Votes
  NORTHRIM BANCORP INC shareholders approved Approval of the Northrim BanCorp, Inc. 2023 Stock Incentive Plan at the 2023-05-25 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: 2023 Stock Incentive Plan FOR AGAINST ABSTAIN VOTES CAST BROKER NONVOTES 3,656,489 147,366 14,800 3,818,655 856,792
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000036/0001163370-23-000036-index.htm
- Shareholder Votes
  NORTHRIM BANCORP INC shareholders approved Approval, by nonbinding vote, of the frequency of "every year" for future advisory votes on executive compensation at the 2023-05-25 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: Future Advisory Vote (Nonbinding) on Executive Compensation 1 YEAR 2 YEAR 3 YEAR ABSTAIN VOTES CAST BROKER NONVOTES 3,268,660 24,439 515,753 9,803 3,818,655 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000036/0001163370-23-000036-index.htm
- Shareholder Votes
  NORTHRIM BANCORP INC shareholders approved Ratification of the selection of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-25 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-25
  source text: Ratification of Selection of Moss Adams LLP as the Company's Independent Registered Accounting Firm for Fiscal Year 2023 FOR AGAINST ABSTAIN VOTES CAST BROKER NONVOTES 4,643,078 27,229 5,140 4,675,447 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000036/0001163370-23-000036-index.htm

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