---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-23-000029"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T12:43:40.516109+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Bank of Marin shareholders elect 12 directors, approve say-on-pay annually, ratify auditor

## Summary
- All 12 director nominees elected with votes ranging from 9.35M (Brian Sobel) to 10.47M (Kevin Kennedy).
- Advisory say-on-pay approved: 9.03M for, 1.45M against; shareholders chose one-year frequency with 9.13M votes.
- Ratification of Moss Adams LLP as independent auditor for 2023: 12.53M for, 57k against, 85k abstain.
- Broker non-votes of 1.88M present on director election and say-on-pay items.

## SEC filing metadata
- accession: 0001403475-23-000029
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000029/0001403475-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000029/bmrc-20230523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-23-000029
- JSON: https://secwatch.observer/filing/0001403475-23-000029.json
- Plain text: https://secwatch.observer/filing/0001403475-23-000029.txt

## Key facts
- Shareholder Votes
  Bank of Marin Bancorp shareholders approved To ratify the selection of Moss Adams LLP, independent auditor, to perform audit services for the year 2023. at the 2023-05-23 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: 4. To ratify the selection of Moss Adams LLP, independent auditor, to perform audit services for the year 2023. For Against Abstain Non-Vote 12,525,961 57,014 85,412 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000029/0001403475-23-000029-index.htm
- Shareholder Votes
  Bank of Marin Bancorp shareholders approved To vote, on an advisory basis, to approve executive compensation for Named Executive Officers. at the 2023-05-23 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: 2. To vote, on an advisory basis, to approve executive compensation for Named Executive Officers. For Against Abstain Non-Vote 9,028,918 1,449,670 310,622 1,879,177
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000029/0001403475-23-000029-index.htm
- Shareholder Votes
  Bank of Marin Bancorp shareholders approved To elect twelve members of the Board of Directors to serve until the next Annual Meeting of Shareholders or until their successors are duly elected and qualified. at the 2023-05-23 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: 1. To elect twelve members of the Board of Directors to serve until the next Annual Meeting of Shareholders or until their successors are duly elected and qualified. Number of Votes For Withheld Non-Vote Nicolas C. Anderson 10,285,283 503,927 1,879,177 Russell A. Colombo 10,350,522 438,688 1,879,177 Charles D. Fite 10,333,125 456,085 1,879,177 James C. Hale 9,545,622 1,243,588 1,879,177 Robert Heller 9,465,938 1,323,272 1,879,177 Kevin R. Kennedy 10,469,229 319,981 1,879,177 William H. McDevitt, Jr. 10,218,265 570,945 1,879,177 Timothy D. Myers 10,451,469 337,741 1,879,177 Sanjiv S. Sanghvi 9,871,438 917,772 1,879,177 Joel Sklar, MD 10,082,169 707,041 1,879,177 Brian M. Sobel 9,354,698 1,434,512 1,879,177 Secil T. Watson 10,326,749 462,461 1,879,177
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000029/0001403475-23-000029-index.htm
- Shareholder Votes
  Bank of Marin Bancorp shareholders approved To recommend, by non-binding vote, the frequency of the vote on executive compensation. at the 2023-05-23 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: 3. To recommend, by non-binding vote, the frequency of the vote on executive compensation. One Year Two Years Three years Abstain Non-Vote 9,125,869 263,731 1,148,232 251,378 1,879,177
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347523000029/0001403475-23-000029-index.htm

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