Northrim BanCorp Inc.
09/19/2025 | Press release | Archived content
Amendments to Bylaws (Form 8-K)
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On August 22, 2025, Northrim BanCorp, Inc. (the "Company") announced that its Board of Directors had approved a 4-for-1 forward split (the "Stock Split") of its outstanding shares of common stock (the "Common Stock"), to be effected through the filing of Articles of Amendment to the Company's Amended and Restated Articles of Incorporation, as amended ("the Amendment"). The Company filed the Amendment with the Alaska Division of Corporations, Business & Professional Licensing to effect the Stock Split and proportionally increase the number of authorized shares of the Company's Common Stock from 10,000,000 to 40,000,000 and proportionally decrease the par value of the Common Stock from $1.00 to $0.25. The Amendment, which became effective at 2:01 p.m. Alaska Standard Time on September 18, 2025, is filed as Exhibit 3.1 hereto.
As a result of the Stock Split, each shareholder of record as of the close of trading on September 18, 2025 (the "Effective Time"), will 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.
Northrim BanCorp Inc. published this content on September 19, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 23, 2025 at 15:14 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]