secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0000811589-24-000027
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158924000027/0000811589-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158924000027/fbnc-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000811589-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer