First Bancorp Reports Director, Officer, and Compensation Changes
Ticker: FNLC · Form: 8-K · Filed: Jan 3, 2025 · CIK: 765207
| Field | Detail |
|---|---|
| Company | First Bancorp, Inc /Me/ (FNLC) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-appointment, director-election
TL;DR
First Bancorp filed an 8-K detailing board and executive changes, plus compensation info.
AI Summary
The First Bancorp, Inc. filed an 8-K on January 3, 2025, reporting changes related to its board of directors and officers, including the election of directors and the appointment of certain officers. The filing also covers compensatory arrangements for its officers. The company is incorporated in Maine and its principal executive offices are located in Damariscotta.
Why It Matters
Changes in a company's board of directors and executive officers, along with details on their compensation, can signal shifts in strategy or governance that may impact shareholders.
Risk Assessment
Risk Level: low — This filing is routine corporate governance and does not indicate immediate financial distress or significant operational changes.
Key Numbers
- 0-26589 — Commission file number (Identifies the company's SEC filings)
- 01-0404322 — IRS employer identification no. (Company's tax identification number)
Key Players & Entities
- The First Bancorp, Inc. (company) — Registrant
- Maine (location) — State of incorporation
- Damariscotta (location) — Principal executive offices city
- January 3, 2025 (date) — Date of report
FAQ
What specific changes were made regarding directors and officers?
The filing indicates the election of directors and the appointment of certain officers, as well as details on compensatory arrangements for these officers.
When was this report filed?
This Form 8-K was filed on January 3, 2025.
What is the company's state of incorporation?
The company is incorporated in Maine.
Where are the principal executive offices located?
The principal executive offices are located at 223 Main Street, Damariscotta, Maine 04543.
What is the company's SIC code?
The Standard Industrial Classification (SIC) code is 6021 for National Commercial Banks.
Filing Stats: 554 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2025-01-03 14:12:03
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FNLC NASDAQ Global Select Mar
Filing Documents
- fnlc-20250103.htm (8-K) — 23KB
- 0000765207-25-000003.txt ( ) — 132KB
- fnlc-20250103.xsd (EX-101.SCH) — 2KB
- fnlc-20250103_lab.xml (EX-101.LAB) — 19KB
- fnlc-20250103_pre.xml (EX-101.PRE) — 11KB
- fnlc-20250103_htm.xml (XML) — 2KB
02 Departure of Directors or Certain Officers; Election of Directors; Page 1
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Page 1 Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
01 Financial Statements and Exhibits Page 1
Item 9.01 Financial Statements and Exhibits Page 1 Signatures Page 2
02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Tony C. McKim, President and CEO of First National Bank and its parent company, The First Bancorp, recently announced the appointment of Christopher J. Austin. "I am pleased to welcome Chris to First National Bank. His wealth of experience and breadth of knowledge will greatly enrich our leadership team." commented McKim. Christopher Austin has been appointed as Executive Vice President, Chief Legal Counsel. Austin joins the bank after a 26-year career at Rudman Winchell in Bangor where he specialized in real estate, commercial lending, and corporate law. Austin holds a Bachelor of Arts from Boston College and a Juris Doctor from University of Maine School of Law. First National Bank, a subsidary of The First Bancorp, Inc. (NASDAQ: FNLC) is an independent community bank with 18 offices in Lincoln, Knox, Waldo, Hancock, Washington and Penobscot Counties. For more information about First National Bank, please call 1-800-564-3195 or visit www.thefirst.com.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits 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 --------------------- Richard M. Elder Executive Vice President & Chief Financial Officer January 3, 2025