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<DIV style="font-family: 'Times New Roman',Times,serif">


<Div align="right" style="font-size: 10pt">As filed with the Securities
and Exchange Commission on November&nbsp;30, 2004<br>
Registration No.&nbsp;000-33501
</DIV>


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<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt">Washington, D.C. 20549
</DIV>


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<P align="center" style="font-size: 14pt"><B>FORM S-8</B>

<DIV align="center" style="font-size: 11pt">REGISTRATION STATEMENT UNDER<BR>
THE SECURITIES ACT OF 1933
</DIV>

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<P align="center" style="font-size: 20pt"><B>NORTHRIM BANCORP INC.</B>
<DIV align="center" style="font-size: 11pt">(Exact name of registrant as specified in its charter)

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><B>ALASKA</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>92-0175752</B></TD>
</TR>

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<TR valign="bottom">
    <TD nowrap align="center" valign="top">(State or other jurisdiction
of<br>incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer<br>Identification Number)</TD>
</TR>

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</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>3111 C Street, Anchorage, Alaska 99503</B><BR>
(Address, including zip code, of registrant&#146;s principal executive offices)



<P align="center" style="font-size: 11pt"><B>2004 STOCK INCENTIVE PLAN</B>



<P align="center" style="font-size: 10pt">(Full title of the plan)



<P align="center" style="font-size: 10pt"><B>R. Marc Langland<BR>
President and Chief Executive Officer<BR>
Northrim BanCorp Inc.<BR>
3111 C Street<BR>
Anchorage, Alaska 99503<BR>
(907)&nbsp;562-0062</B><BR>
(Name, address, including zip code and telephone number, including area code, of agent for service)



<P align="center" style="font-size: 10pt">Copies of communications to:<BR>
<B>Sandra L. Gallagher-Alford, Esq.<BR>
Davis Wright Tremaine LLP<BR>
1501 Fourth Avenue<BR>
Seattle, Washington 98101-1688<BR>
(206)&nbsp;628-7620</B>



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<P align="center" style="font-size: 10pt">CALCULATION OF REGISTRATION FEE


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Proposed Maximum</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Amount to be</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Proposed Maximum</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Aggregate Offering</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Amount of</TD>
</TR>

<TR valign="bottom">
    <TD>Title of
Securities<br>to be Registered<HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Registered<br><SUP>(1)&nbsp;(2)</SUP><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Offering Price Per Share<br><SUP>(3)</SUP><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Price<br><SUP>(3)</SUP><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">Registration Fee<br><SUP>(1)&nbsp;(3)</SUP><HR size="1" noshade></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Common Stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">300,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">22.19</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,657,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">844</TD>
    <TD>&nbsp;</TD>
</TR>

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</TABLE>
</DIV>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><SUP>(1)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD> This Registration Statement registers 300,000 shares of common stock issuable under
the Company&#146;s 2004 Stock Incentive Plan (the &#147;2004 Plan&#148;) including any shares remaining
available under the 2000 Employee Stock Incentive Plan (the &#147;Old Plan&#148;) (together, the
&#147;Plans&#148;).</TD>
</TR>

</TABLE>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><SUP>(2)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD> This Registration Statement also includes an indeterminable
number of additional shares that may become issuable (a)&nbsp;as a result of terminated, expired or surrendered options
to purchase the Company&#146;s common stock issued under the Plans, and (b)&nbsp;pursuant to Rule
416(a), any increases in the number of shares offered under the 2004 Plan to prevent dilution
resulting from stock splits, stock dividends or similar transactions.</TD>
</TR>

</TABLE>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><SUP>(3)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD> Estimated solely for the purpose of calculating the registration fee pursuant to
Rule 457(h) under the Securities Act of 1933, based on the average of the high and low prices
of the Common Stock as reported on the National Association of Securities Dealers Automated
Quotation System on November&nbsp;26, 2004.</TD>
</TR>

</TABLE>
</DIV>


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<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
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</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;1. Plan Information.*</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;2. Registrant Information and Employee Plan Annual Information.*</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;4. Description of Securities.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;5. Interests of Named Experts and Counsel.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;7. Exemption from Registration Claimed.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#009">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#010">Item&nbsp;9. Undertakings.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#012">Index to Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="v03697exv5w1.txt">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="v03697exv23w2.txt">EXHIBIT 23.2</A></TD></TR>
<TR><TD colspan="9"><A HREF="v03697exv24w1.txt">EXHIBIT 24.1</A></TD></TR>
</TABLE>
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<!-- link1 "PART I" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART I</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>


<P align="left" style="font-size: 10pt">Northrim BanCorp Inc. (the <B><I>&#147;Company&#148;</I></B>) will send or give the documents containing the information
required by Part&nbsp;I of this registration statement on Form&nbsp;S-8
(the <B><I>&#147;Registration Statement&#148;</I></B>) to
each participant in the Company&#146;s 2004 Stock Incentive Plan (the <B><I>&#147;Plan&#148;</I></B>), as specified by Rule
428(b)(1) under the Securities Act of 1933 (the <B><I>&#147;Securities Act&#148;</I></B>). Such documents, and the
documents incorporated by reference into this Registration Statement pursuant to Item&nbsp;3 of Part&nbsp;II,
taken together, constitute a prospectus that meets the requirements
of Section&nbsp;10(a) of the
Securities Act.


<!-- link2 "Item&nbsp;1. Plan Information.*" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;Plan Information.*</B>


<!-- link2 "Item&nbsp;2. Registrant Information and Employee Plan Annual Information.*" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Registrant Information and Employee Plan Annual Information.*</B>



<P align="left" style="font-size: 10pt">______________



<P align="left" style="font-size: 10pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information required by Part&nbsp;I of Form S-8 is omitted from this Registration Statement in
accordance with Rule&nbsp;428 under the Securities Act, and the Note to Part&nbsp;I of Form S-8.

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<DIV align="left"><A NAME="003"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART II</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>


<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents are hereby incorporated by reference into this Registration Statement:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="4%">&nbsp;</TD>
    <TD>The Company&#146;s Annual Report on Form 10-K for the fiscal year ended <B>December&nbsp;31, 2003</B>.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="4%">&nbsp;</TD>
    <TD>All reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
(the &#147;<B><I>Exchange Act</I></B>&#148;) since the end of the fiscal year covered by the Company&#146;s Form 10-K
referred to in (1)&nbsp;above.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="4%">&nbsp;</TD>
    <TD>The Company&#146;s registration statement on Form 8-A, filed with the SEC on January&nbsp;14, 2002, as
to the description of the Company&#146;s securities.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="4%">&nbsp;</TD>
    <TD>All documents subsequently filed by the Company pursuant to Sections&nbsp;13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated herein by reference and to be a part hereof from
the date of the filing of such documents with the Commission.</TD>
</TR>

</TABLE>

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<DIV align="left"><A NAME="005"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;4.&nbsp;&nbsp;&nbsp;Description of Securities.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5.&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left"><A NAME="007"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;6.&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers.</B>


<P align="left" style="font-size: 10pt">The Alaska Corporate Code authorizes indemnification of directors, officers and employees under
certain circumstances. The Articles of Incorporation of the Company provide, to the fullest extent
permitted by law, for the indemnification of directors against all monetary damages, in connection
with certain types of personal legal liability incurred by the individual while acting for the
Company within the scope of his or her position as a director.


<P align="left" style="font-size: 10pt">The Articles of Incorporation also include a provision which limits the liability of directors of
the Company from any personal liability to the Company or its shareholders except for (a)&nbsp;conduct
that constitutes a breach of the director&#146;s duty of loyalty, (b)&nbsp;acts or omissions that are not in
good faith or that involve intentional misconduct by a director, (c)&nbsp;a knowing violation of law by
the director, (d)&nbsp;willful or negligent conduct by the director in connection with the payment

<P align="center" style="font-size: 10pt">1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">of dividends or the repurchase of stock from other than lawfully available funds, or (e)&nbsp;for any
transaction from which a director personally receives an improper personal benefit.


<P align="left" style="font-size: 10pt">The Company has purchased an officers and directors liability insurance policy which provides for
insurance of directors and officers of the Company against certain liabilities they may incur in
their capacities as such.


<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed." -->
<DIV align="left"><A NAME="008"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7.&nbsp;&nbsp;&nbsp;Exemption from Registration Claimed.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

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<DIV align="left"><A NAME="009"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;8.&nbsp;&nbsp;&nbsp;Exhibits.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following Exhibits are filed as a part of this Registration Statement:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>

</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit<br>Number</B><HR size="1" noshade></TD>
<td></td>
    <TD nowrap align="left"><B>Description</B><HR size="1" noshade></TD>
<td></td>

</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">Amended and Restated Articles of Incorporation <SUP>(1) </SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">Bylaws <SUP>(1)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="2" valign="top">Opinion of Davis Wright Tremaine LLP <SUP>(2)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="2" valign="top">Consent of Davis Wright Tremaine LLP (contained in opinion filed as Exhibit&nbsp;5.1)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Consent of KPMG LLP<SUP>(2)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">Power of Attorney <SUP>(2)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">2000 Employee Stock Incentive Plan<SUP>(1)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2">2004 Stock Incentive Plan <SUP>(3)</SUP></TD>
</TR>

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</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"><SUP>(1)</SUP>&nbsp;&nbsp;&nbsp;Incorporated
by reference to the Company&#146;s Form 8-A, filed with the SEC on
January&nbsp;14, 2002.<BR>
<SUP>(2)</SUP>&nbsp;&nbsp;&nbsp;Filed with this Registration Statement.<BR>
<SUP>(3)</SUP>&nbsp;&nbsp;&nbsp;Incorporated by reference to the
Company&#146;s Form&nbsp;10-K, filed with the SEC on March&nbsp;15, 2004.

<!-- link2 "Item&nbsp;9. Undertakings." -->
<DIV align="left"><A NAME="010"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.&nbsp;&nbsp;&nbsp;Undertakings.</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Company hereby undertakes to do the following:</TD>
</TR>

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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top">(1)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">File, during any period in which it offers or sells securities, a
post-effective amendment to this Registration Statement to:</TD>
</TR>

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</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD valign="top" align="left">(i)
</TD>
    <TD align="left" valign="top">Include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;</TD>
</TR>

<TR valign="bottom">
<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD valign="top" align="left">(ii)
</TD>
    <TD align="left" valign="top">Reflect in the prospectus facts or events which, individually or
together, represent a fundamental change in the information in this Registration
Statement; and</TD>
</TR>

<TR valign="bottom">
<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD valign="top" align="left">(iii)
</TD>
    <TD align="left" valign="top">Include any additional or changed material information on the
plan of distribution.</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><I>provided, however, </I>that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the Company pursuant to
Section&nbsp;13 or Section&nbsp;15(d) of the Exchange Act that are incorporated by reference in this
Registration Statement.</DIV></TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top">(2)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">For determining liability under the Securities Act, treat each post-effective
amendment as a new registration statement of the securities offered, and the offering
of the securities at that time to be the initial <U>bona</U> <U>fide</U> offering.</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top">(3)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">File a post-effective amendment to remove from registration any of the
securities that remain unsold at the end of the offering.</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Company hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Company&#146;s annual report pursuant to Section&nbsp;13(a) or
Section&nbsp;15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit
plan&#146;s annual report pursuant to Section&nbsp;15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">2
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">registration statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial <I>bona fide </I>offering thereof.</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insofar as indemnification for liabilities arising under the Securities Act may be permitted
to directors, officers and controlling persons of the Company pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the opinion of the SEC such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other
than the payment by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities
being registered, the Company will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Securities Act
and will be governed by the final adjudication of such issue.</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">3
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="011"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the Company certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Anchorage, State of Alaska, on November&nbsp;29, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD align="left" valign="top">/s/ R. Marc Langland</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>

    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>

</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">R. Marc Langland<BR>
President and Chief Executive Officer (on
behalf of<br>the Company, as its principal
executive officer and<br>as Chairman of the
Board)</TD>
</TR>



<TR valign="bottom">
    <TD>&nbsp;</TD>


<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>




<TR valign="bottom">
    <TD>&nbsp;</TD>

    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD align="left" valign="top">/s/ Joseph M. Schierhorn</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Joseph M. Schierhorn<BR>
Senior Vice President and Chief Financial Officer<br>(principal financial and accounting
officer)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated, on November&nbsp;4, 2004.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Larry S. Cash, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mark G. Copeland, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frank A. Danner, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ronald A. Davis, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anthony Drabek, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;R. Marc Langland, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Christopher N. Knudson, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Richard L. Lowell, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Irene Sparks Rowan, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John C. Swalling, Director<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joseph E. Usibelli, Director

<P align="left" style="font-size: 10pt">R. Marc Langland, by signing his name below, signs this Registration Statement pursuant to powers
of attorney duly executed by the persons named above, filed with the SEC as an exhibit to this
Registration Statement, on behalf of such persons, all in the capacities and on the date stated.
Such persons represent all of the Company&#146;s directors.




<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;/s/ R. Marc Langland<br>
<HR size="1" width="35%" noshade>
R. Marc Langland, Chairman<BR>
Attorney-in-fact
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>





<P align="center" style="font-size: 10pt">4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<!-- link1 "Index to Exhibits" -->
<DIV align="left"><A NAME="012"></A></DIV>

<P align="center" style="font-size: 10pt"><B>Index to Exhibits</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Exhibit<BR>
Number</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&nbsp;<br>Description</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><HR size="1" noshade><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">Amended and Restated Articles of Incorporation <SUP>(1) </SUP></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">Bylaws <SUP>(1)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">Opinion of Davis Wright Tremaine LLP <SUP>(2)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">Consent of Davis Wright Tremaine LLP (contained in opinion filed as Exhibit&nbsp;5.1)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">Consent of KPMG LLP<SUP>(2)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">Power of Attorney <SUP>(2)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">2000 Employee Stock Incentive Plan<SUP>(1)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left" valign="top">2004 Stock Incentive Plan <SUP>(3)</SUP></TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><SUP>(1)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference to the Company&#146;s Form 8-A,
filed with the SEC on January&nbsp;14, 2002.</TD>
</TR>
</TABLE>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><SUP>(2)</SUP> </TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Filed with this Registration Statement.</TD>
</TR>
</TABLE>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right"><SUP>(3)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Incorporated by reference to the Company&#146;s Form 10-K,
filed with the SEC on March&nbsp;15, 2004.</TD>
</TR>
</TABLE>



<P align="center" style="font-size: 10pt">5
</DIV>


</BODY>
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sv8
Table of Contents
As filed with the Securities
and Exchange Commission on November 30, 2004
Registration No. 000-33501
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
NORTHRIM BANCORP INC.
(Exact name of registrant as specified in its charter)
ALASKA
92-0175752
(State or other jurisdiction
of
incorporation or organization)
(I.R.S. Employer
Identification Number)
3111 C Street, Anchorage, Alaska 99503
(Address, including zip code, of registrant's principal executive offices)
2004 STOCK INCENTIVE PLAN
(Full title of the plan)
R. Marc Langland
President and Chief Executive Officer
Northrim BanCorp Inc.
3111 C Street
Anchorage, Alaska 99503
(907) 562-0062
(Name, address, including zip code and telephone number, including area code, of agent for service)
Copies of communications to:
Sandra L. Gallagher-Alford, Esq.
Davis Wright Tremaine LLP
1501 Fourth Avenue
Seattle, Washington 98101-1688
(206) 628-7620
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Amount to be
Proposed Maximum
Aggregate Offering
Amount of
Title of
Securities
to be Registered
Registered
(1) (2)
Offering Price Per Share
(3)
Price
(3)
Registration Fee
(1) (3)
Common Stock
300,000
$
22.19
$
6,657,000
$
844
(1)
This Registration Statement registers 300,000 shares of common stock issuable under
the Company's 2004 Stock Incentive Plan (the "2004 Plan") including any shares remaining
available under the 2000 Employee Stock Incentive Plan (the "Old Plan") (together, the
"Plans").
(2)
This Registration Statement also includes an indeterminable
number of additional shares that may become issuable (a) as a result of terminated, expired or surrendered options
to purchase the Company's common stock issued under the Plans, and (b) pursuant to Rule
416(a), any increases in the number of shares offered under the 2004 Plan to prevent dilution
resulting from stock splits, stock dividends or similar transactions.
(3)
Estimated solely for the purpose of calculating the registration fee pursuant to
Rule 457(h) under the Securities Act of 1933, based on the average of the high and low prices
of the Common Stock as reported on the National Association of Securities Dealers Automated
Quotation System on November 26, 2004.
TABLE OF CONTENTS
PART I
Item 1. Plan Information.*
Item 2. Registrant Information and Employee Plan Annual Information.*
PART II
Item 3. Incorporation of Documents by Reference.
Item 4. Description of Securities.
Item 5. Interests of Named Experts and Counsel.
Item 6. Indemnification of Directors and Officers.
Item 7. Exemption from Registration Claimed.
Item 8. Exhibits.
Item 9. Undertakings.
SIGNATURES
Index to Exhibits
EXHIBIT 5.1
EXHIBIT 23.2
EXHIBIT 24.1
Table of Contents
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Northrim BanCorp Inc. (the
"Company"
) will send or give the documents containing the information
required by Part I of this registration statement on Form S-8
(the
"Registration Statement"
) to
each participant in the Company's 2004 Stock Incentive Plan (the
"Plan"
), as specified by Rule
428(b)(1) under the Securities Act of 1933 (the
"Securities Act"
). Such documents, and the
documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II,
taken together, constitute a prospectus that meets the requirements
of Section 10(a) of the
Securities Act.
Item 1.    Plan Information.*
Item 2.    Registrant Information and Employee Plan Annual Information.*
______________
*      Information required by Part I of Form S-8 is omitted from this Registration Statement in
accordance with Rule 428 under the Securities Act, and the Note to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.    Incorporation of Documents by Reference.
The following documents are hereby incorporated by reference into this Registration Statement:
1.
The Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2003
.
2.
All reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
(the "
Exchange Act
") since the end of the fiscal year covered by the Company's Form 10-K
referred to in (1) above.
3.
The Company's registration statement on Form 8-A, filed with the SEC on January 14, 2002, as
to the description of the Company's securities.
4.
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated herein by reference and to be a part hereof from
the date of the filing of such documents with the Commission.
Item 4.   Description of Securities.
Not applicable.
Item 5.   Interests of Named Experts and Counsel.
Not applicable.
Item 6.   Indemnification of Directors and Officers.
The Alaska Corporate Code authorizes indemnification of directors, officers and employees under
certain circumstances. The Articles of Incorporation of the Company provide, to the fullest extent
permitted by law, for the indemnification of directors against all monetary damages, in connection
with certain types of personal legal liability incurred by the individual while acting for the
Company within the scope of his or her position as a director.
The Articles of Incorporation also include a provision which limits the liability of directors of
the Company from any personal liability to the Company or its shareholders except for (a) conduct
that constitutes a breach of the director's duty of loyalty, (b) acts or omissions that are not in
good faith or that involve intentional misconduct by a director, (c) a knowing violation of law by
the director, (d) willful or negligent conduct by the director in connection with the payment
1
Table of Contents
of dividends or the repurchase of stock from other than lawfully available funds, or (e) for any
transaction from which a director personally receives an improper personal benefit.
The Company has purchased an officers and directors liability insurance policy which provides for
insurance of directors and officers of the Company against certain liabilities they may incur in
their capacities as such.
Item 7.   Exemption from Registration Claimed.
Not applicable.
Item 8.   Exhibits.
The following Exhibits are filed as a part of this Registration Statement:
Exhibit
Number
Description
4.1
Amended and Restated Articles of Incorporation
(1)
4.2
Bylaws
(1)
5.1
Opinion of Davis Wright Tremaine LLP
(2)
23.1
Consent of Davis Wright Tremaine LLP (contained in opinion filed as Exhibit 5.1)
23.2
Consent of KPMG LLP
(2)
24.1
Power of Attorney
(2)
99.1
2000 Employee Stock Incentive Plan
(1)
99.2
2004 Stock Incentive Plan
(3)
(1)
Incorporated
by reference to the Company's Form 8-A, filed with the SEC on
January 14, 2002.
(2)
Filed with this Registration Statement.
(3)
Incorporated by reference to the
Company's Form 10-K, filed with the SEC on March 15, 2004.
Item 9.   Undertakings.
(a)
The Company hereby undertakes to do the following:
(1)
File, during any period in which it offers or sells securities, a
post-effective amendment to this Registration Statement to:
(i)
Include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)
Reflect in the prospectus facts or events which, individually or
together, represent a fundamental change in the information in this Registration
Statement; and
(iii)
Include any additional or changed material information on the
plan of distribution.
provided, however,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the Company pursuant to
Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this
Registration Statement.
(2)
For determining liability under the Securities Act, treat each post-effective
amendment as a new registration statement of the securities offered, and the offering
of the securities at that time to be the initial
bona
fide
offering.
(3)
File a post-effective amendment to remove from registration any of the
securities that remain unsold at the end of the offering.
(b)
The Company hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Company's annual report pursuant to Section 13(a) or
Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new
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registration statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act may be permitted
to directors, officers and controlling persons of the Company pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the opinion of the SEC such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other
than the payment by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities
being registered, the Company will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Securities Act
and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Company certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Anchorage, State of Alaska, on November 29, 2004.
By:
/s/ R. Marc Langland
R. Marc Langland
President and Chief Executive Officer (on
behalf of
the Company, as its principal
executive officer and
as Chairman of the
Board)
By:
/s/ Joseph M. Schierhorn
Joseph M. Schierhorn
Senior Vice President and Chief Financial Officer
(principal financial and accounting
officer)
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated, on November 4, 2004.
Larry S. Cash, Director
Mark G. Copeland, Director
Frank A. Danner, Director
Ronald A. Davis, Director
Anthony Drabek, Director
R. Marc Langland, Director
Christopher N. Knudson, Director
Richard L. Lowell, Director
Irene Sparks Rowan, Director
John C. Swalling, Director
Joseph E. Usibelli, Director
R. Marc Langland, by signing his name below, signs this Registration Statement pursuant to powers
of attorney duly executed by the persons named above, filed with the SEC as an exhibit to this
Registration Statement, on behalf of such persons, all in the capacities and on the date stated.
Such persons represent all of the Company's directors.
/s/ R. Marc Langland
R. Marc Langland, Chairman
Attorney-in-fact
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Index to Exhibits
Exhibit
Number
Description
4.1
Amended and Restated Articles of Incorporation
(1)
4.2
Bylaws
(1)
5.1
Opinion of Davis Wright Tremaine LLP
(2)
23.1
Consent of Davis Wright Tremaine LLP (contained in opinion filed as Exhibit 5.1)
23.2
Consent of KPMG LLP
(2)
24.1
Power of Attorney
(2)
99.1
2000 Employee Stock Incentive Plan
(1)
99.2
2004 Stock Incentive Plan
(3)
(1)
Incorporated by reference to the Company's Form 8-A,
filed with the SEC on January 14, 2002.
(2)
Filed with this Registration Statement.
(3)
Incorporated by reference to the Company's Form 10-K,
filed with the SEC on March 15, 2004.
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