---
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"
generated_at: "2026-05-27T02:06:12.674368+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Bancorp appoints Adam Currie as First Bank CEO, authorizes $40M share repurchase

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000811589-25-000005
- JSON: https://secwatch.observer/filing/0000811589-25-000005.json
- Plain text: https://secwatch.observer/filing/0000811589-25-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.