FBNC 8-K
First Bancorp /Nc/ (FBNC)
8-K
2024-05-03
For: 2024-05-02
View Original
Added on
April 09, 2026
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): | ||||||||
(Exact Name of Registrant as Specified in its Charter)
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer | ||||||||||||
| of Incorporation) | File Number) | Identification Number) | ||||||||||||
| | ||||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
____________________
(Registrant’s telephone number, including area code)
Not Applicable
___________________
(Former Name or Former Address, if changed since last report)
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:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading symbol Name of each exchange on which registered:
1
First Bancorp
INDEX
| Page | |||||
| Item 5.07 - Submission of Matters to a Vote of Security Holders | 3 | ||||
| Signatures | 4 | ||||
2
Item 5.07 - Submission of Matters to a Vote of Security Holders
On May 2, 2024, First Bancorp (the “Company”) held its annual meeting of shareholders. At the meeting, the Company’s shareholders: (i) elected each of the 15 persons listed below under Proposal 1 to serve as a director of the Company until the 2025 annual meeting; (ii) ratified the appointment of BDO USA, LLP as the independent auditors of the Company for 2024; (iii) approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on- Pay”); and (iv) adopted a new equity based incentive plan, entitled the First Bancorp 2024 Equity Plan.
The following table shows the results of the voting at the annual meeting.
| Proposal or Name of Nominee | Shares Voted "For" | Shares Voted "Against" | Shares Withheld | Shares Abstained | Broker Non-Votes | |||||||||||||||||||||||||||
| Proposal 1: To elect 15 nominees to the Board of Directors to serve until the 2025 annual meeting of shareholders, or until their successors are elected and qualified | ||||||||||||||||||||||||||||||||
| Mary Clara Capel | 28,915,603 | — | 948,906 | — | 4,800,906 | |||||||||||||||||||||||||||
| James C. Crawford, III | 23,481,671 | — | 6,382,838 | — | 4,800,906 | |||||||||||||||||||||||||||
| Suzanne S. DeFerie | 17,338,104 | — | 12,526,405 | — | 4,800,906 | |||||||||||||||||||||||||||
| Abby J. Donnelly | 28,923,984 | — | 940,525 | — | 4,800,906 | |||||||||||||||||||||||||||
| Mason Y. Garrett | 29,305,416 | — | 559,093 | — | 4,800,906 | |||||||||||||||||||||||||||
| John B. Gould | 28,734,890 | — | 1,129,619 | — | 4,800,906 | |||||||||||||||||||||||||||
| Michael G. Mayer | 29,110,341 | — | 754,168 | — | 4,800,906 | |||||||||||||||||||||||||||
| John W. McCauley | 28,722,358 | — | 1,142,151 | — | 4,800,906 | |||||||||||||||||||||||||||
| Carlie C. McLamb, Jr. | 28,737,261 | — | 1,127,248 | — | 4,800,906 | |||||||||||||||||||||||||||
| Richard H. Moore | 29,093,627 | — | 770,882 | — | 4,800,906 | |||||||||||||||||||||||||||
| Dexter V. Perry | 28,745,552 | — | 1,118,957 | — | 4,800,906 | |||||||||||||||||||||||||||
| J. Randolph Potter | 28,725,253 | — | 1,139,256 | — | 4,800,906 | |||||||||||||||||||||||||||
| O. Temple Sloan, III | 28,669,720 | — | 1,194,789 | — | 4,800,906 | |||||||||||||||||||||||||||
| Frederick L. Taylor, II | 28,707,054 | — | 1,157,455 | — | 4,800,906 | |||||||||||||||||||||||||||
| Dennis A. Wicker | 28,650,311 | — | 1,214,198 | — | 4,800,906 | |||||||||||||||||||||||||||
| Proposal 2: To ratify the appointment of BDO USA, LLP as the independent auditors of the Company for 2024. | ||||||||||||||||||||||||||||||||
| 34,461,532 | 113,431 | — | 90,452 | — | ||||||||||||||||||||||||||||
| Proposal 3: To approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on-Pay”). | ||||||||||||||||||||||||||||||||
| 28,619,727 | 1,174,332 | — | 70,450 | 4,800,906 | ||||||||||||||||||||||||||||
| Proposal 4: To adopt a new equity based incentive plan, entitled the First Bancorp 2024 Equity Plan | ||||||||||||||||||||||||||||||||
| 16,345,864 | 13,447,020 | — | 71,625 | 4,800,906 | ||||||||||||||||||||||||||||
3
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 3, 2024 | By: | /s/ Richard H. Moore | ||||||||||||||||||
| Richard H. Moore | ||||||||||||||||||||
| Chief Executive Officer | ||||||||||||||||||||
4