---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-24-000002"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:05:09.158165+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp renews employment contracts for four NEOs, adds EVP/COO Zins agreement

## Summary
- Schierhorn base salary $580,639; Ballard $353,404; Huston $365,161; Craig $284,606.
- New employment agreement for Amber Zins as EVP/COO of Bank with $309,798 base salary.
- All agreements effective Jan 1, 2024, with automatic annual renewal unless 90-day notice given.
- Zins eligible for 10% SERP contribution, profit sharing, stock incentive, and deferred compensation.
- Change-of-control severance for Schierhorn and Zins: 2x highest base salary + 2x avg profit share.

## SEC filing metadata
- accession: 0001163370-24-000002
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000002/0001163370-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000002/nrim-20240101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-24-000002
- JSON: https://secwatch.observer/filing/0001163370-24-000002.json
- Plain text: https://secwatch.observer/filing/0001163370-24-000002.txt

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