Northrim BanCorp announces 4-for-1 forward stock split effective Sept 18, 2025

NORTHRIM BANCORP INC

4-for-1 forward split effective 2:01 p.m. Alaska Standard Time on September 18, 2025.
Shareholders of record at close on Sept 18, 2025, receive 3 additional shares per share held after close on Sept 22, 2025.
Trading on split-adjusted basis expected to begin on September 23, 2025.
Authorized common stock increased from 10M to 40M; par value reduced from $1.00 to $0.25 per share.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

NORTHRIM BANCORP INC: Northrim BanCorp approved a 4-for-1 forward stock split effected through Articles of Amendment to its Amended and Restated Articles of Incorporation, increasing authorized shares from 10,000,000 to 40,000,000 and decreasing par value from $1.00 to $0.25 (effective 2025-09-18).

Change: bylaw amendment
Effective: 2025-09-18

Exact text from the filing

On August 22, 2025, Northrim BanCorp, Inc. (the “Company”) announced that its Board of Directors had approved a 4-for-1 forward split (the “Stock Split”) of its outstanding shares of common stock (the “Common Stock”), to be effected through the filing of Articles of Amendment to the Company’s Amended and Restated Articles of Incorporation, as amended ("the Amendment").

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Source: SEC EDGAR

accession 0001163370-25-000039

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