---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-23-000052"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:34:41.767373+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp adopts 2023 Deferred Compensation Plan for key employees

## Summary
- Plan effective Nov 30, 2023; eligible key employees may defer up to 90% of salary and incentive compensation.
- Company may make discretionary contributions; vesting subject to schedule set by Compensation Committee.
- Plan intended as unfunded, nonqualified deferred compensation under Code Section 409A.
- Plan administrator is Compensation Committee; no immediate financial impact or guidance change.

## SEC filing metadata
- accession: 0001163370-23-000052
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000052/0001163370-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337023000052/nrim-20231130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-23-000052
- JSON: https://secwatch.observer/filing/0001163370-23-000052.json
- Plain text: https://secwatch.observer/filing/0001163370-23-000052.txt

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