{"schema_version":"secwatch.filing_event.v1","accession":"0000811589-24-000039","form_type":"8-K","ticker":"FBNC","cik":"0000811589","company_name":"FIRST BANCORP /NC/","filed_at":"2024-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.041239+00:00","generated_at":"2026-06-01T17:55:07.905137+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"First Bancorp names Christian Wilson EVP/COO, Brent Hicks EVP/CAO","bullets":["Wilson (age 43) appointed EVP and COO of First Bank; base salary $375,000, initial restricted stock award $150,000.","Hicks (age 52) appointed EVP and Chief Accounting Officer; base salary $300,000, initial restricted stock $50,000.","Wilson eligible for Annual Incentive Plan with target bonus up to 30% of base, paid half cash/half stock vesting over 3 years.","Hicks eligible for target bonus up to 20% of base (cash in 2024, then half cash/half stock vesting 3 years).","Hicks entered Change in Control Agreement: cash payment equal to base salary if terminated w/o cause within 1 yr of change of control."],"urls":{"canonical":"https://secwatch.observer/filing/0000811589-24-000039","json":"https://secwatch.observer/filing/0000811589-24-000039.json","markdown":"https://secwatch.observer/filing/0000811589-24-000039.md","text":"https://secwatch.observer/filing/0000811589-24-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000039/0000811589-24-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000039/fbnc-20240513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T17:55:07.905137+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":"35112f294e","claim":"Brent Hicks was appointed as Executive Vice President and Chief Accounting Officer at FIRST BANCORP /NC/.","evidence_excerpt":"Brent Hicks (age 52) was named Executive Vice President and Chief Accounting Officer of the Company and the Bank","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000039/0000811589-24-000039-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President and Chief Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"4017751b22","claim":"Christian Wilson was appointed as Executive Vice President and Chief Operating Officer at FIRST BANCORP /NC/.","evidence_excerpt":"on May 13, 2024, Christian Wilson (age 43) was named Executive Vice President and Chief Operating Officer of the Bank","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811589/000081158924000039/0000811589-24-000039-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President and Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}