Northrim BanCorp Inc filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
$NRIM
Savings Institutions
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | August 22, 2025 | ( | ) | |||||||||||||||||
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.126-2 of this chapter).
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Item 8.01 Other Events
On August 21, 2025, the Board of Directors of Northrim BanCorp, Inc. (the "Company") authorized a 4-for-1 forward split (the "Stock Split") of its common stock, par value $1.00 per share (the "Common Stock"). The Stock Split is to be effected through the filing of Articles of Amendment to the Company's Amended and Restated Articles of Incorporation, as amended ("the Amendment"), which will also effect a proportional increase in the number of authorized shares of the Company's Common Stock from 10,000,000 to 40,000,000 and effect a proportional decrease in the par value of a share of Common Stock from $1.00 to $0.25.
As a result of the Stock Split, each shareholder of record as of the close of trading on September 18, 2025 (the “Effective Time”), is expected to receive, after the close of trading on September 22, 2025, three additional shares of Common Stock for every share held at the Effective Time. Trading is expected to begin on a split-adjusted basis on September 23, 2025 under the same ticker symbol "NRIM", with the same CUSIP number of 666762109.
A copy of the press release announcing the Stock Split is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements – not applicable
(b) Proforma financial information – not applicable
(c) Shell company transactions – not applicable
| (d) Exhibit No. | Description | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Northrim BanCorp, Inc. | ||||||||||||||
| August 22, 2025 | By: | /s/ Jed W. Ballard | ||||||||||||
| Name: Jed W. Ballard | ||||||||||||||
| Title: EVP, Chief Financial Officer | ||||||||||||||
Exhibit Index