First Bancorp filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$FBNC
Major Banks
Finance
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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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:
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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 (§240.12b-2 of this chapter).
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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. ☐
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First Bancorp
INDEX
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| Item 5.07 - Submission of Matters to a Vote of Security Holders | 3 | ||||
| Signatures | 4 | ||||
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Item 5.07 - Submission of Matters to a Vote of Security Holders
On April 29, 2025, First Bancorp (the “Company”) held its annual meeting of shareholders. At the meeting, the Company’s shareholders: (i) elected each of the 11 persons listed below under Proposal 1 to serve as a director of the Company until the 2026 annual meeting; (ii) ratified the appointment of Crowe, LLP as the independent auditors of the Company for 2025; (iii) approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on-Pay”); and (iv) provided an advisory vote that the frequency of future "Say-on-Pay" advisory votes shall be every year.
The following table shows the results of the voting at the annual meeting.
| Proposal 1: To elect 11 nominees to the Board of Directors to serve until the 2026 annual meeting of shareholders, or until their successors are elected and qualified | ||||||||||||||||||||||||||
| Name of Nominee | Shares Voted "For" | Shares Withheld | Broker Non-Votes | |||||||||||||||||||||||
| Mary Clara Capel | 30,346,998 | 954,180 | 4,329,950 | |||||||||||||||||||||||
| James C. Crawford, III | 28,547,790 | 2,753,388 | 4,329,950 | |||||||||||||||||||||||
| Suzanne S. DeFerie | 21,305,801 | 9,995,377 | 4,329,950 | |||||||||||||||||||||||
| Abby J. Donnelly | 30,656,513 | 644,665 | 4,329,950 | |||||||||||||||||||||||
| Michael G. Mayer | 30,317,697 | 983,481 | 4,329,950 | |||||||||||||||||||||||
| John W. McCauley | 30,450,635 | 850,543 | 4,329,950 | |||||||||||||||||||||||
| Carlie C. McLamb, Jr. | 30,452,209 | 848,969 | 4,329,950 | |||||||||||||||||||||||
| Richard H. Moore | 30,365,565 | 935,613 | 4,329,950 | |||||||||||||||||||||||
| Dexter V. Perry | 30,440,636 | 860,542 | 4,329,950 | |||||||||||||||||||||||
| O. Temple Sloan, III | 30,385,680 | 915,498 | 4,329,950 | |||||||||||||||||||||||
| Frederick L. Taylor, II | 30,051,500 | 1,249,678 | 4,329,950 | |||||||||||||||||||||||
| Proposal 2: To ratify the appointment of Crowe, LLP as the independent auditors of the Company for 2025. | ||||||||||||||||||||||||||
| Shares Voted "For" | Shares Voted "Against" | Shares Abstained | ||||||||||||||||||||||||
| 35,539,821 | 33,858 | 57,449 | ||||||||||||||||||||||||
| Proposal 3: To approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on-Pay”). | ||||||||||||||||||||||||||
| Shares Voted "For" | Shares Voted "Against" | Shares Abstained | Broker Non-Votes | |||||||||||||||||||||||
| 29,235,792 | 2,013,234 | 52,152 | 4,329,950 | |||||||||||||||||||||||
| Proposal 4: To provide an advisory vote on the frequency of future shareholder “Say-on-Pay” advisory votes. | ||||||||||||||||||||||||||
| One year | Two years | Three years | Shares Abstained | |||||||||||||||||||||||
| 28,955,004 | 34,866 | 2,267,303 | 44,005 | |||||||||||||||||||||||
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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 thereunto duly authorized.
| First Bancorp | ||||||||||||||||||||
| Dated: May 1, 2025 | By: | /s/ Richard H. Moore | ||||||||||||||||||
| Richard H. Moore | ||||||||||||||||||||
| Chief Executive Officer | ||||||||||||||||||||
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