{"schema_version":"secwatch.filing_event.v1","accession":"0000811589-25-000005","form_type":"8-K","ticker":"FBNC","cik":"0000811589","company_name":"FIRST BANCORP /NC/","filed_at":"2025-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.405317+00:00","generated_at":"2026-05-27T02:06:12.674368+00:00","sec_items":["1.01","5.02","8.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Bancorp appoints Adam Currie as First Bank CEO, authorizes $40M share repurchase","bullets":["Adam Currie appointed President and CEO of First Bank, effective Feb 7, 2025, replacing Michael G. Mayer.","Michael G. Mayer remains President of First Bancorp until early 2026; employment agreement amended to reflect title change.","Board authorized up to $40M stock repurchase plan for common shares in open market or private transactions.","Christian Wilson entered into employment agreement as COO of Company and First Bank, effective Feb 7, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000811589-25-000005","json":"https://secwatch.observer/filing/0000811589-25-000005.json","markdown":"https://secwatch.observer/filing/0000811589-25-000005.md","text":"https://secwatch.observer/filing/0000811589-25-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811589/000081158925000005/0000811589-25-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811589/000081158925000005/fbnc-20250206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T02:06:12.674368+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}