{"schema_version":"secwatch.filing_event.v1","accession":"0000811589-24-000027","form_type":"8-K","ticker":"FBNC","cik":"0000811589","company_name":"FIRST BANCORP /NC/","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.040782+00:00","generated_at":"2026-06-02T23:33:57.847207+00:00","sec_items":["5.07"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.15,"confidence":"high","headline":"First Bancorp shareholders elect all 15 directors, approve 2024 equity plan narrowly","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000811589-24-000027","json":"https://secwatch.observer/filing/0000811589-24-000027.json","markdown":"https://secwatch.observer/filing/0000811589-24-000027.md","text":"https://secwatch.observer/filing/0000811589-24-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000027/0000811589-24-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000027/fbnc-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:33:57.847207+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"179ad2beabcc2ed930ca3656294cb1c5307b8c4e","claim":"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.","evidence_excerpt":"(ii) ratified the appointment of BDO USA, LLP as the independent auditors of the Company for 2024;","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000027/0000811589-24-000027-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"},{"claim_id":"26d5d3ad74d0f7476a3865421a977be9fd25f440","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000027/0000811589-24-000027-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"},{"claim_id":"3522ed6d35fc5ef30fc7e0d22d6df5bb664cbf9a","claim":"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.","evidence_excerpt":"(iii) approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on- Pay”);","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000027/0000811589-24-000027-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"},{"claim_id":"bc2389d937a9e38df55580c5f22c7101b7f81189","claim":"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.","evidence_excerpt":"(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;","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000027/0000811589-24-000027-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-02"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}