Northrim BanCorp Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2018 Annual Meeting of Shareholders held by Northrim BanCorp, Inc. on May 24, 2018. The report was filed on May 29, 2018.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance and shareholder voting results.
Material Changes and Voting Results
At the meeting, 6,234,702 shares were present in person or by proxy out of 6,871,963 shares outstanding. The following matters were approved:
- Election of Directors: All 10 nominees were elected to the Board of Directors. Votes cast ranged from approximately 5.02 million to 5.12 million "For" votes per director.
- Executive Compensation: The nonbinding advisory vote on executive compensation was approved with 4,885,436 "For" votes, 132,993 "Against," and 205,158 "Abstain."
- Independent Auditor: Shareholders ratified the selection of Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2018, with 6,143,920 "For" votes.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the full list of elected directors and their tenure terms.
- Confirm the specific compensation details for named executive officers referenced in the advisory vote.
- Review the full 2018 Annual Report (Form 10-K) for financial performance data not included in this 8-K.
- Note the presence of 1,011,115 broker nonvotes on director elections and executive compensation.