Bank of Marin extends shareholder agreement with Kelly Trust; Sanghvi appointed to board

Bank of Marin Bancorp

Restricted Period extended by ~1 year through 2025 Annual Meeting.
Sanjiv Sanghvi confirmed as Kelly Trust nominee, appointed to Board and ALCO committee.
2024 Annual Meeting scheduled for May 14, 2024.
Company to reimburse Kelly Trust Parties up to $10k for expenses.
Kelly Trust Parties beneficially own 1,014,285 shares (Devlin 566,031, Gardner 448,254).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Bank of Marin Bancorp amended Amendment Number Three with Shawn Devlin and Riley Gardner (the Kelly Trust Parties) (effective 2024-04-26).

Action: amendment
Counterparty: Shawn Devlin and Riley Gardner (the Kelly Trust Parties)
Effective: 2024-04-26

Exact text from the filing

Bank of Marin Bancorp (Nasdaq: BMRC) (the “Company”) announced that on April 26, 2024, that the Company and Shawn Devlin and Riley Gardner (Devlin and Gardner collectively, the “Kelly Trust Parties”) have amended that certain previously disclosed agreement dated May 10, 2021 (the “Agreement”), previously amended by Amendment Number One dated March 31, 2022 and Amendment Number Two dated April 25, 2023

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Bank of Marin Bancorp filing history →

Source: SEC EDGAR

accession 0001403475-24-000018

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