Anthony Drabek
About Anthony J. Drabek
Anthony J. Drabek, age 77, is an independent director of Northrim BanCorp, Inc. (NRIM) and has served on the board since 1991. His background includes executive leadership in Alaska Native corporations and broader business management experience; he is classified as independent under SEC and Nasdaq standards. The board’s skills matrix highlights his professional standing, community involvement, other board experience, and business management credentials .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Natives of Kodiak, Inc. | President & CEO | 1989–2010 | Executive leadership |
| Koncor Forest Products Co. | President | 2001–2010 | Operations leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Koniag, Inc. (Alaska Native Corporation) | Director | Since 2019 | Non-public; regional corporate governance |
Board Governance
- Independence: The board determined all nominees other than Messrs. Schierhorn and Huston are independent; Drabek is independent .
- Committee assignments: Member, Compensation Committee (2024 members: Hanneman, Drabek, Nelson (Chair), Romano) .
- Committee chairs: Audit Committee Chair—David J. McCambridge; Governance & Nominating Chair—John C. Swalling; Compensation Chair—Krystal M. Nelson .
- Lead Independent Director: John C. Swalling .
- Attendance: All directors attended at least 75% of required board/committee meetings in 2024; board met six times, audit met five, compensation met three, governance & nominating met four .
- Annual meeting presence: All directors up for election attended the 2024 annual meeting except Shauna Hegna (not then a director), implying Drabek attended .
Fixed Compensation
| Component | Amount (USD) | Detail |
|---|---|---|
| Annual director cash retainer (non-chair) | $40,000 | 2024 standard for non-officer directors |
| Additional cash for open-market stock purchase | $30,000 | Required use to buy NRIM common stock post-2024 AGM |
| Committee meeting fee (Comp/Gov/Nom) | $850 per meeting | Compensation and Governance & Nominating Committees |
| Audit Committee meeting fee | $1,000 per meeting | Not applicable to Drabek (not on Audit) |
| Strategic planning/training/special meetings | $850 per session | Applies when attended |
| Total fees earned (Anthony J. Drabek, 2024) | $75,100 | Aggregate; component-level breakdown not disclosed |
Performance Compensation
| Item | Status | Metrics/Terms |
|---|---|---|
| Performance-conditioned equity (RSUs/PSUs) for directors | Not disclosed/none | 2024 director program emphasized cash retainer and mandated open-market stock purchases; no director RSU/PSU awards are disclosed |
| Director incentive metrics | Not applicable | No performance metrics tied to director pay disclosed |
Other Directorships & Interlocks
| Company | Public/Private | Role | Interlocks/Conflicts |
|---|---|---|---|
| Koniag, Inc. | Private (Alaska Native Corporation) | Director | No related-party transactions above $120k disclosed; compensation committee interlocks: none reported |
Expertise & Qualifications
| Skill/Experience | Indicated |
|---|---|
| Professional standing | Yes |
| Community involvement | Yes |
| Other board experience | Yes |
| Business management | Yes |
| Financial services expertise | Not marked for Drabek |
Equity Ownership
| Holder | Shares Beneficially Owned | % of Shares Outstanding | Ownership Guideline Compliance | Hedging/Pledging |
|---|---|---|---|---|
| Anthony J. Drabek | 3,830 | <1% (asterisk denotes below 1%) | Company guideline recommends ≥3× annual stock retainer; all non-officer directors subject to guideline, except Ms. Thomas, have satisfied minimum as of 3/28/2025 | Hedging prohibited; pledging strongly discouraged under Insider Trading Policy |
Governance Assessment
- Committee role: As a Compensation Committee member, Drabek participates in oversight of executive pay, stock incentive plans, and human capital/ESG-related HR matters; the committee uses independent consultants (FW Cook) and maintains clawback policies and pay-risk controls, reducing conflict and pay inflation risk .
- Independence/attendance: Independent status with ≥75% attendance enhances board effectiveness and investor confidence .
- Ownership alignment: Mandated $30,000 stock purchase plus compliance with ownership guidelines align director interests with shareholders; hedging banned and pledging discouraged further strengthen alignment .
- Conflicts/related parties: No related-party transactions >$120,000 in 2022–2024; insider loans (Reg O) are on market terms and subject to enhanced approvals, limiting conflict exposure .
- Shareholder signals: 2024 say-on-pay approval ~94% suggests broad investor support for compensation practices overseen by the Compensation Committee .
RED FLAGS: None disclosed regarding attendance shortfalls, related-party transactions, hedging/pledging, or pay anomalies for Drabek in 2024–2025; note his long tenure (since 1991) within an actively refreshed board that added multiple new directors since 2014, mitigating refreshment concerns .