{"schema_version":"secwatch.filing_event.v1","accession":"0001163370-25-000002","form_type":"8-K","ticker":"NRIM","cik":"0001163370","company_name":"NORTHRIM BANCORP INC","filed_at":"2025-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.063686+00:00","generated_at":"2026-05-28T17:39:23.500296+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Northrim BanCorp enters new employment agreements with five executives; salary increases for Ballard and Zins","bullets":["New employment agreements effective Jan 1, 2025 for CEO Huston (base $535K), CFO Ballard ($376,375), Chairman Schierhorn, EVP Zins ($329,935), and new EVP Edwards ($289,682).","Ballard’s salary increased to $376,375; Zins’ salary increased to $329,935; other officers’ terms essentially unchanged from prior agreements.","Mark Edwards appointed EVP/Chief Credit Officer/Bank Economist; initial term to Dec 31, 2025, with automatic renewal; base salary $289,682 plus SERP contribution.","Severance includes 2x salary for Huston, 1x for others under change of control; standard non-compete and non-solicitation clauses.","Agreements filed as Exhibits 10.1-10.5; contain clawback provisions under company policy."],"urls":{"canonical":"https://secwatch.observer/filing/0001163370-25-000002","json":"https://secwatch.observer/filing/0001163370-25-000002.json","markdown":"https://secwatch.observer/filing/0001163370-25-000002.md","text":"https://secwatch.observer/filing/0001163370-25-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1163370/000116337025000002/0001163370-25-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1163370/000116337025000002/nrim-20250101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T17:39:23.500296+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7000aa9764","claim":"Mark Edwards was appointed as Executive Vice President, Chief Credit Officer and Bank Economist at NORTHRIM BANCORP INC.","evidence_excerpt":"In addition, on January 1, 2025, the Employer entered into an employment with Mark Edwards, Executive Vice President, Chief Credit Officer and Bank Economist of the Bank.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1163370/000116337025000002/0001163370-25-000002-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President, Chief Credit Officer and Bank Economist"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}