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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): December 6, 2024(December 5, 2024)
Northrim BanCorp, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Alaska0-3350192-0175752
________________________
(State or other jurisdiction		_____________
(Commission		_________________
(I.R.S. Employer
of incorporation)File Number)Identification No.)
    
3111 C Street,  Anchorage,   Alaska 99503
___________________________________
(Address of principal executive offices)		 ___________
(Zip Code)
Registrant’s telephone number, including area code: 907-562-0062
Not Applicable
___________________________________________________
Former name or former address, if changed since last report
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None
TITLE OF EACH CLASSTRADING SYMBOLNAME OF EXCHANGE

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).

                                    Emerging growth company     ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ¨







Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On December 5, 2024, the Board of Directors of Northrim BanCorp, Inc. (the “Company”) and its wholly owned subsidiary, Northrim Bank (the “Bank”), increased the number of directors of the Company and the Bank from twelve to thirteen. At the same meetings, the Board of Directors of the Company and the Bank appointed Shauna Hegna to serve on their respective boards, until the 2025 Annual Shareholders’ Meeting, or until a successor has been elected and qualified.

The Board of Directors did not appoint Ms. Hegna pursuant to any arrangements or understandings between Ms. Hegna and the Company or the Bank and any other person.

Ms. Hegna’s appointment to the boards of the Company and the Bank was disclosed publicly on December 6, 2024. A copy of the press release 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
99.1Press Release dated December 6, 2024, announcing the appointment of Shauna Hegna to the Board of Directors


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.
      
December 6, 2024 By: /s/ Michael G. Huston
    Name: Michael G. Huston
    Title: President & Chief Executive Officer




Exhibit Index



Exhibit 99.1
nrimpra08.jpg
Contact:Joe Schierhorn, Chairman
(907) 261-3308
Mike Huston, President, CEO, and COO
(907) 261-8750
NEWS RELEASE
Northrim BanCorp, Inc.Appoints Shauna Hegna to its Board of Directors

ANCHORAGE, Alaska - December 6, 2024 - Northrim BanCorp, Inc. (NASDAQ:NRIM) announced that Shauna Hegna has been appointed to its Board of Directors.

“We are pleased to have Shauna join our Board,” said Joe Schierhorn, Chairman of the Board. “Shauna has extensive expertise in shareholder services, communications, and government affairs. Her proven leadership and accomplishments will be a notable addition to our Board of Directors.”

Hegna has served as President of Koniag, an Alaska Native regional corporation, since 2017. Ranked No. 7 on Alaska Business’ Top 49ers list, Koniag is one of the largest for-profit companies headquartered in the state. Prior to joining Koniag, she was the Chief Administrative Officer for the Alaska Native Tribal Health Consortium and the Vice President of Shareholder Services for Afognak Native Corporation.

A lifelong Alaskan, Hegna has focused her career on supporting and strengthening communities. Her service on various boards and committees demonstrates leadership that has made a difference for Alaska. Hegna’s contributions to our state have earned her distinguished recognition, including induction into the YWCA Women of Achievement in 2022 and Alaska’s Top Forty Under 40 in 2007.

Hegna holds bachelor’s and master’s degrees from the University of Alaska and a graduate certificate in Alaska Native Executive Leadership from Alaska Pacific University.

“I am honored to join Northrim’s Board of Directors and collaborate with a talented team that carries a strong legacy of supporting Alaska’s businesses and communities,” said Hegna.

About Northrim BanCorp
Northrim BanCorp, Inc. is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the state and differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. The bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage Holding Company, LLC, a regional home mortgage company. Pacific Wealth Advisors, LLC is an affiliated company.

www.northrim.com



Note Transmitted on GlobeNewswire on December 6, 2024, at 5:00 am Alaska Standard Time.

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