---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-21-000100"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2021-09-24T23:59:59+00:00"
generated_at: "2026-06-29T01:29:58.887165+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CEO Russell Colombo to retire Oct 31; Tim Myers named new CEO effective Nov 1

## Summary
- Russell Colombo retires as CEO of Bank of Marin and Bancorp after 15 years, effective Oct 31, 2021.
- Tim Myers, currently President & COO, will become President & CEO on Nov 1 and join the Boards.
- Myers' employment agreement includes base salary of $475,000, annual incentive target of 65% up to 130% of base.
- Severance upon termination without cause: 12 months' base salary, pro rata bonus, COBRA for 18 months.
- Colombo will remain on both Boards; Myers also appointed as director effective Nov 1.

## SEC filing metadata
- accession: 0001403475-21-000100
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2021-09-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403475/000140347521000100/0001403475-21-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347521000100/bmrc-20210923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-21-000100
- JSON: https://secwatch.observer/filing/0001403475-21-000100.json
- Plain text: https://secwatch.observer/filing/0001403475-21-000100.txt

## Key facts
- Executive change
  Timothy D. Myers was appointed as President and Chief Executive Officer at Bank of Marin Bancorp.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: Bancorp named Timothy D. Myers, currently President and Chief Operating Officer, age 51, as his successor. Mr. Myers will step into his new role as President and Chief Executive Officer of Bancorp and Bank of Marin on November 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347521000100/0001403475-21-000100-index.htm
- Executive change
  Tim Myers was appointed as Director at Bank of Marin Bancorp.
  - Action: appointed
  - Role: Director
  source text: Also announced on September 24, 2021, was the appointment of Tim Myers as a new Bank and Bancorp Board member, effective November 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347521000100/0001403475-21-000100-index.htm
- Executive change
  Russell A. Colombo retired as Chief Executive Officer at Bank of Marin Bancorp.
  - Action: retired
  - Role: Chief Executive Officer
  source text: Bank of Marin Bancorp (Nasdaq: BMRC) (“Bancorp”) announced the retirement of Russell A. Colombo from his role as Chief Executive Officer of Bancorp and Bank of Marin, Bancorp’s wholly owned subsidiary, to be effective October 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347521000100/0001403475-21-000100-index.htm

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