Two Bank of Marin directors to retire at 2025 annual meeting; board to shrink by two

Bank of Marin Bancorp

Directors William McDevitt and Sanjiv Sanghvi notified company on Feb 19, 2025 they will not stand for re-election at the 2025 Annual Meeting.
Board size will be reduced by two members effective as of the 2025 Annual Meeting.
Cooperation agreement with certain shareholders who nominated Sanghvi will terminate without extension.
Both directors will serve out their current terms until the annual meeting.

item 5.02

Executive movements

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Departed

William McDevitt

Director

BMRC · Bank of Marin Bancorp

Filed: February 25, 2025, 6:59 PM ET

Directors, Mr. William McDevitt and Mr. Sanjiv Sanghvi notified the Company on February 19, 2025, that each will serve out their current term for Director until the Company's 2025 Annual Meeting of Shareholders, but will not stand for re-election at such meeting.

Departed

Sanjiv Sanghvi

Director

BMRC · Bank of Marin Bancorp

Filed: February 25, 2025, 6:59 PM ET

Directors, Mr. William McDevitt and Mr. Sanjiv Sanghvi notified the Company on February 19, 2025, that each will serve out their current term for Director until the Company's 2025 Annual Meeting of Shareholders, but will not stand for re-election at such meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William McDevitt departed as Director at Bank of Marin Bancorp.

Action: will not stand for re-election
Role: Director

Exact text from the filing

Directors, Mr. William McDevitt and Mr. Sanjiv Sanghvi notified the Company on February 19, 2025, that each will serve out their current term for Director until the Company's 2025 Annual Meeting of Shareholders, but will not stand for re-election at such meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sanjiv Sanghvi departed as Director at Bank of Marin Bancorp.

Action: will not stand for re-election
Role: Director

Exact text from the filing

Directors, Mr. William McDevitt and Mr. Sanjiv Sanghvi notified the Company on February 19, 2025, that each will serve out their current term for Director until the Company's 2025 Annual Meeting of Shareholders, but will not stand for re-election at such meeting.

View on SEC.gov

Bank of Marin Bancorp filing history →

Source: SEC EDGAR

accession 0001403475-25-000019

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