secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /NC/ (FBNC)
CIK:        0000811589
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0000811589-25-000005
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811589/000081158925000005/0000811589-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811589/000081158925000005/fbnc-20250206.htm
  HTML page:      https://secwatch.observer/filing/0000811589-25-000005

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