First BanCorp. Schedules Annual Shareholder Meeting

Ticker: FBP · Form: 8-K · Filed: 2024-05-29T00:00:00.000Z

Sentiment: neutral

Topics: shareholder-meeting, corporate-governance

Related Tickers: BPOP

TL;DR

First BanCorp. (BPOP) holding shareholder meeting June 27th to elect directors.

AI Summary

First BanCorp. announced on May 23, 2024, that its annual meeting of shareholders will be held on June 27, 2024. Shareholders will vote on the election of directors and other business matters. The company is incorporated in Puerto Rico and its principal executive offices are located in San Juan.

Why It Matters

This filing informs shareholders about the upcoming annual meeting where key corporate decisions, including director elections, will be made.

Risk Assessment

Risk Level: low — This is a routine corporate filing announcing a shareholder meeting, with no immediate financial or operational risks indicated.

Key Players & Entities

FAQ

When is the First BanCorp. annual shareholder meeting scheduled?

The annual meeting of shareholders is scheduled for June 27, 2024.

What is the primary purpose of the shareholder meeting?

The primary purpose is for shareholders to vote on the election of directors and other business matters.

What is the company's state of incorporation?

The company is incorporated in Puerto Rico.

Where are First BanCorp.'s principal executive offices located?

The principal executive offices are located at 1519 Ponce de Leon Ave., San Juan, Puerto Rico.

What is the filing date of this 8-K report?

This 8-K report was filed on May 29, 2024, with the earliest event reported being May 23, 2024.

Filing Stats: 593 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-05-29 16:57:08

Key Financial Figures

Filing Documents

07

Item 5.07 Submission of Matters to a Vote of Security Holders At the Annual Meeting of Stockholders of First BanCorp (the "Corporation") held on May 23, 2024, stockholders of the Corporation voted on the following proposals, which are described in more detail in the Corporation's Definitive Proxy Statement on Schedule 14A for the 2024 Annual Meeting of Stockholders filed by the Corporation with the Securities and Exchange Commission on April 8, 2024. The voting results are as follows: Proposal 1 – Election of Directors Director Nominees : Votes For Votes Against Votes Abstained Juan Acosta Reboyras 139,716,920 9,236,466 58,972 Aurelio Alemn 148,850,574 104,385 57,399 Luz A. Crespo 147,284,769 1,668,955 58,634 Tracey Dedrick 148,843,797 105,764 62,797 Patricia M. Eaves 147,154,130 1,713,642 144,586 Daniel E. Frye 148,848,582 100,992 62,784 John A. Heffern 148,850,420 102,309 59,629 Roberto R. Herencia 105,400,804 43,555,725 55,829 Flix M. Villamil 148,788,187 107,614 116,557 Broker Non-Vote 8,342,179 shares for each director. Proposal 2 – Non-binding Approval of 2023 Executive Compensation of the Corporation's named executive officers Votes For Votes Against Votes Abstained Broker Non-Votes 141,392,778 7,299,017 320,563 8,342,179 Proposal 3 – Ratify the Appointment of Crowe LLP as the Corporation's Independent Registered Public Accounting Firm for 2024 Fiscal Year Votes For Votes Against Votes Abstained 157,067,845 234,674 52,018 Proposal 4 – Advisory Vote on the Frequency of the Future Advisory Votes on the Corporation's Executive Compensation 1 Year 2 Years 3 Years Votes Abstained 137,934,560 69,592 10,705,381 8,342,179 2 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. Date: May 29, 2024 First BanCorp. By: /s/ Sara Alvarez Name

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