First BanCorp Files 8-K/A Amendment

Ticker: FBP · Form: 8-K/A · Filed: 2025-05-16T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-changes, amendment

TL;DR

First BanCorp filed an 8-K/A amendment on Jan 28, 2025, covering officer changes and compensation.

AI Summary

First BanCorp filed an 8-K/A amendment on May 16, 2025, related to events that occurred on January 28, 2025. The filing concerns the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.

Why It Matters

This amendment provides updated or corrected information regarding significant corporate governance and executive compensation matters for First BanCorp.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, likely providing clarification or corrections rather than new material events.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K/A filing?

The 8-K/A filing is an amendment to a previous report, addressing items related to director and officer changes, appointments, compensatory arrangements, and financial statements/exhibits.

When was the earliest event reported in this filing?

The earliest event reported in this filing occurred on January 28, 2025.

What is the company's full name and state of incorporation?

The company's full name is First BanCorp., and it is incorporated in Puerto Rico.

What are the main topics covered by the 'Item Information' in this filing?

The 'Item Information' covers Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; and Financial Statements and Exhibits.

What is the filing date of this 8-K/A amendment?

This 8-K/A amendment was filed on May 16, 2025.

From the Filing

0001140361-25-019487.txt : 20250516 0001140361-25-019487.hdr.sgml : 20250516 20250516163632 ACCESSION NUMBER: 0001140361-25-019487 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250128 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250516 DATE AS OF CHANGE: 20250516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST BANCORP /PR/ CENTRAL INDEX KEY: 0001057706 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance EIN: 660561882 STATE OF INCORPORATION: PR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-14793 FILM NUMBER: 25959883 BUSINESS ADDRESS: STREET 1: 1519 PONCE DE LEON AVE STREET 2: SANTURCE CITY: SAN JUAN STATE: PR ZIP: 00908-0146 BUSINESS PHONE: 7877298200 MAIL ADDRESS: STREET 1: 1519 PONCE DE LEON AVE STREET 2: PO BOX 9146 CITY: SAN JUAN STATE: PR ZIP: 00908-0146 8-K/A 1 ef20049204_8ka.htm 8-K/A false 0001057706 0001057706 2025-01-28 2025-01-28 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): January 28, 2025 First BanCorp. (Exact Name of Registrant as Specified in its Charter) Puerto Rico 001-14793 66-0561882 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 1519 Ponce de Leon Ave. P.O. Box 9146 San Juan , Puerto Rico     00908-0146 (Address of Principal Executive Offices)   (Zip Code) ( 787 ) 729-8200 (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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($0.10 par value) FBP New York Stock Exchange 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. ☐ EXPLANATORY NOTE This Current Report on Form 8-K/A (this “Amendment”) amends the Current Report on Form 8-K filed by First BanCorp (the “Corporation”) with the Securities and Exchange Commission on January 31, 2025 (the “Original Form 8-K”) regarding the retirement of Cassan Pancham as Executive Vice President and Business Group Executive and his transition to a non-employee consultant of the Corporation. This Amendment provides a description of the terms of Mr. Pancham’s consulting agreement. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On May 16, 2025, Mr. Pancham and FirstBank Puerto Rico,

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