First Bancorp (NC) Files 8-K on Shareholder Vote Matters

TL;DR

FBNC filed an 8-K for shareholder vote matters. All clear.

AI Summary

First Bancorp (NC) filed an 8-K on May 3, 2024, reporting on matters submitted to a vote of security holders as of May 2, 2024. The filing details the company's corporate information, including its address in Southern Pines, NC, and its IRS identification number.

Why It Matters

This filing provides official notification to investors and the public about significant corporate actions that require shareholder approval, ensuring transparency in governance.

Risk Assessment

Risk Level: low — This is a routine corporate filing (8-K) detailing a shareholder vote, not indicating any immediate financial distress or significant operational change.

Key Numbers

• 0-15572 — Commission File Number (Identifies the specific SEC filing for First Bancorp.)
• 56-1421916 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• FIRST BANCORP /NC/ (company) — Registrant
• May 2, 2024 (date) — Date of earliest event reported
• May 3, 2024 (date) — Filing date
• Southern Pines, NC (location) — Principal Executive Offices
• 910-246-2500 (phone_number) — Registrant's telephone number

FAQ

Filing Documents

• fbnc-20240502.htm (8-K) — 91KB
• 0000811589-24-000027.txt ( ) — 214KB
• fbnc-20240502.xsd (EX-101.SCH) — 2KB
• fbnc-20240502_lab.xml (EX-101.LAB) — 21KB
• fbnc-20240502_pre.xml (EX-101.PRE) — 12KB
• fbnc-20240502_htm.xml (XML) — 3KB

07 - Submission of Matters to a Vote of Security Holders 3

Item 5.07 - Submission of Matters to a Vote of Security Holders 3 Signatures 4 2

07 - Submission of Matters to a Vote of Security Holders

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

Signatures

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

View Full Filing

View this 8-K filing on SEC EDGAR