secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001163370-23-000052
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northrim BanCorp adopts 2023 Deferred Compensation Plan for key employees
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000052/0001163370-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337023000052/nrim-20231130.htm
  HTML page:      https://secwatch.observer/filing/0001163370-23-000052

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