First Bancorp shareholders elect all 15 directors, approve 2024 equity plan narrowly

FIRST BANCORP /NC/

All 15 director nominees elected; James Crawford (6.4M withheld) and Suzanne DeFerie (12.5M withheld) had notable opposition.
Ratification of BDO USA as auditor passed with 34.5M for, 113K against.
Say-on-pay approved: 28.6M for, 1.2M against.
Adoption of the First Bancorp 2024 Equity Plan passed narrowly: 16.3M for, 13.4M against.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST BANCORP /NC/ shareholders approved To ratify the appointment of BDO USA, LLP as the independent auditors of the Company for 2024. at the 2024-05-02 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-05-02

Exact text from the filing

(ii) ratified the appointment of BDO USA, LLP as the independent auditors of the Company for 2024;

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST BANCORP /NC/ shareholders approved To adopt a new equity based incentive plan, entitled the First Bancorp 2024 Equity Plan. at the 2024-05-02 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2024-05-02

Exact text from the filing

t" Shares Withheld Shares Abstained Broker Non-Votes Proposal 1: To elect 15 nominees to the Board of Directors to serve until the 2025 annual meeting of shareholders, or until their successors are elected and qualified Mary Clara Capel 28,915,603 — 948,906 — 4,800,906 James C. Crawford, III 23,481,671 — 6,382,838 — 4,800,906 Suzanne S. DeFerie 17,338,104 — 12,526,405 — 4,800,906 Abby J.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST BANCORP /NC/ shareholders approved To approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on-Pay”). at the 2024-05-02 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2024-05-02

Exact text from the filing

(iii) approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on- Pay”);

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST BANCORP /NC/ shareholders approved To elect 15 nominees to the Board of Directors to serve until the 2025 annual meeting of shareholders, or until their successors are elected and qualified at the 2024-05-02 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-05-02

Exact text from the filing

(i) elected each of the 15 persons listed below under Proposal 1 to serve as a director of the Company until the 2025 annual meeting;

View on SEC.gov

211 shareholder votes filed in the last 30 days. Browse all shareholder votes →

FIRST BANCORP /NC/ filing history →

Source: SEC EDGAR

accession 0000811589-24-000027

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.