First Bancorp Inc (ME) filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$FNLC
Major Banks
Finance
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): February 19, 2025
THE FIRST BANCORP, INC .
(Exact name of Registrant as specified in charter)
(State or other jurisdiction of incorporation)
| (Commission file number) | (IRS employer identification no.) | ||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
(207 ) 563-3195
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligations
of the registrant under any of the following provisions:
Securities registered pursuit to Section 12(b) of the Exchange Act:
| Title of Each Class | Trading Symbol | Name of each exchange on which registered | ||||||
| Common Stock, par value $0.01 per share | FNLC | NASDAQ Global Select Market | ||||||
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). 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. ☐
TABLE OF CONTENTS
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Page 1
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Item 9.01 Financial Statements and Exhibits Page 1
Signatures Page 2
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On February 18, 2025, Ingrid Wilbur Kachmar was elected to the Board of Directors of The First Bancorp (the “Company”) and its subsidiary First National Bank (the “Bank”). Mrs. Kachmar will serve as a member of the Board of Directors of the Company and Bank until the 2025 Annual Meeting of Shareholders where she will stand for election along with the entire slate of directors.
There are no understandings or arrangements between Mrs. Kachmar and any other persons pursuant to which Mrs. Kachmar was selected as a director of the Company.
Mrs. Kachmar has served as the Executive Director of the Harbor House Community Service Center in Southwest Harbor, ME since 2011. Prior to joining Harbor House, she owned and operated several retail stores, and along with her husband owned and operated Wilbur Yachts. Mrs. Kachmar, along with her husband, currently holds a variety of real estate investments in the Hancock County area. Certain entities with which Mrs. Kachmar is affiliated have loans with the Bank, each of which were made in the ordinary course of business, were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Bank, and did not involve more than the normal risk of collectability or present other unfavorable features.
Please refer to exhibit 99.1 filed with this report for the Company’s press release announcing the appointment of Mrs. Kachmar as a director of the Company.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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SIGNATURE
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.
THE FIRST BANCORP, INC.
By: /s/ Richard M. Elder
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Richard M. Elder
Executive Vice President & Chief Financial Officer