First Bancorp Files 8-K on Officer and Director Changes
Ticker: FBNC · Form: 8-K · Filed: May 14, 2024 · CIK: 811589
Sentiment: neutral
Topics: corporate-governance, officer-changes, compensation
Related Tickers: FBNC
TL;DR
First Bancorp 8-K: Board & exec changes, plus comp details filed.
AI Summary
On May 14, 2024, First Bancorp /NC/ filed an 8-K report detailing changes in its board of directors and executive officers, as well as updates to compensatory arrangements. The filing also includes financial statements and exhibits relevant to these changes.
Why It Matters
This filing provides insight into the governance and executive structure of First Bancorp, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and compensation information, not indicating any immediate financial distress or significant operational shifts.
Key Players & Entities
- First Bancorp /NC/ (company) — Registrant
- May 14, 2024 (date) — Date of Report
FAQ
What specific changes were made to the board of directors or executive officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but the specific details of these changes are not provided in the provided text.
Are there any new financial statements included with this filing?
Yes, the filing explicitly states 'Financial Statements and Exhibits' are included.
What is the primary business of First Bancorp?
First Bancorp is classified under 'STATE COMMERCIAL BANKS [6022]'.
In which state is First Bancorp incorporated?
First Bancorp is incorporated in North Carolina (NC).
What is the principal executive office address for First Bancorp?
The principal executive offices are located at 300 SW Broad Street, Southern Pines, NC 28387.
Filing Stats: 459 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-05-14 14:01:28
Filing Documents
- fbnc-20240514.htm (8-K) — 45KB
- exhibit991newsreleasedated.htm (EX-99.1) — 8KB
- fbnclogo.jpg (GRAPHIC) — 70KB
- 0000811589-24-000037.txt ( ) — 274KB
- fbnc-20240514.xsd (EX-101.SCH) — 2KB
- fbnc-20240514_lab.xml (EX-101.LAB) — 21KB
- fbnc-20240514_pre.xml (EX-101.PRE) — 12KB
- fbnc-20240514_htm.xml (XML) — 3KB
02 - Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers 3
Item 5.02 - Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers 3
01 – Financial Statements and Exhibits 3
Item 9.01 – Financial Statements and Exhibits 3 Signatures 4 Exhibit 99 (1) News Release dated May 14, 2024 5 2
02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS On May 14, 2024, First Bancorp announced changes in the management team of First Bancorp and First Bank. A copy of First Bancorp's Press Release making this announcement is attached as Exhibit 99.1 and is incorporated herein by reference.
01 – FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 – FINANCIAL STATEMENTS AND EXHIBITS Exhibit 99(1) – News Release dated May 14, 2024 3
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, hereunto duly authorized. FIRST BANCORP May 14, 2024 By: /s/ Richard H. Moore Richard H. Moore Chief Executive Officer 4