secwatch.observer — SEC 8-K summary
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Issuer:     Bank of Marin Bancorp (BMRC)
CIK:        0001403475
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0001403475-25-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of Marin appoints Dave Bonaccorso as CFO; salary $365k, SERP $146.5k/yr
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- Dave Bonaccorso appointed EVP, CFO and Principal Accounting Officer effective Jan 2, 2025.
- Annual salary $365,000; eligible for cash bonus of 40% base salary and equity award of 30% of base.
- SERP provides annual retirement benefit of $146,500 for 15 years after reaching age 65.
- SERP also provides benefits for early termination, disability, and change in control with lump sum.
- Entered into change in control agreement with seniority factor of 1.50.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403475/000140347525000003/0001403475-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403475/000140347525000003/bmrc-20250102.htm
  HTML page:      https://secwatch.observer/filing/0001403475-25-000003

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