---
schema_version: "secwatch.filing_event.v1"
accession: "0000811589-23-000026"
form_type: "8-K"
ticker: "FBNC"
cik: "0000811589"
company_name: "FIRST BANCORP /NC/"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T14:59:23.379412+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# First Bancorp shareholders elect all 16 directors, ratify auditor, approve say-on-pay at annual meeting

## Summary
- All 16 director nominees elected with between 17.9M and 28.6M votes for; broker non-votes of 5.3M.
- Ratification of BDO USA as independent auditor for 2023: 34.1M for, 46.9K against.
- Non-binding advisory approval of executive compensation: 26.8M for, 2.0M against, 5.3M broker non-votes.

## SEC filing metadata
- accession: 0000811589-23-000026
- form_type: 8-K
- ticker: FBNC
- cik: 0000811589
- company_name: FIRST BANCORP /NC/
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811589/000081158923000026/0000811589-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811589/000081158923000026/fbnc-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-23-000026
- JSON: https://secwatch.observer/filing/0000811589-23-000026.json
- Plain text: https://secwatch.observer/filing/0000811589-23-000026.txt

## Key facts
- Shareholder Votes
  FIRST BANCORP /NC/ shareholders approved Advisory vote on executive compensation (Say-on-Pay) at the 2023-05-04 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-04
  source text: (iii) approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on- Pay”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/811589/000081158923000026/0000811589-23-000026-index.htm
- Shareholder Votes
  FIRST BANCORP /NC/ shareholders approved Election of 16 directors to serve until 2024 annual meeting at the 2023-05-04 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-04
  source text: the Company’s shareholders: (i) elected each of the 16 persons listed below under Proposal 1 to serve as a director of the Company until the 2024 annual meeting
  evidence_url: https://www.sec.gov/Archives/edgar/data/811589/000081158923000026/0000811589-23-000026-index.htm
- Shareholder Votes
  FIRST BANCORP /NC/ shareholders approved Ratification of BDO USA, LLP as independent auditors for 2023 at the 2023-05-04 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-04
  source text: (ii) ratified the appointment of BDO USA, LLP as the independent auditors of the Company for 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/811589/000081158923000026/0000811589-23-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.