---
schema_version: "secwatch.filing_event.v1"
accession: "0001403475-25-000019"
form_type: "8-K"
ticker: "BMRC"
cik: "0001403475"
company_name: "Bank of Marin Bancorp"
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:40:06.550589+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001403475-25-000019
- form_type: 8-K
- ticker: BMRC
- cik: 0001403475
- company_name: Bank of Marin Bancorp
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1403475/000140347525000019/0001403475-25-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1403475/000140347525000019/bmrc-20250219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001403475-25-000019
- JSON: https://secwatch.observer/filing/0001403475-25-000019.json
- Plain text: https://secwatch.observer/filing/0001403475-25-000019.txt

## Key facts
- Executive change
  William McDevitt departed as Director at Bank of Marin Bancorp.
  - Action: will not stand for re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347525000019/0001403475-25-000019-index.htm
- Executive change
  Sanjiv Sanghvi departed as Director at Bank of Marin Bancorp.
  - Action: will not stand for re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1403475/000140347525000019/0001403475-25-000019-index.htm

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