---
schema_version: "secwatch.filing_event.v1"
accession: "0001030469-23-000007"
form_type: "8-K"
ticker: "OFG"
cik: "0001030469"
company_name: "OFG BANCORP"
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T04:44:07.739443+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# OFG Bancorp removes director age limit of 71 from bylaws

## Summary
- Amended bylaws effective Jan 25, 2023 to eliminate mandatory director retirement at age 71.
- Removed limitations on electing, re-electing, or nominating directors aged 71 or older.
- Prior board-approved exceptions to the age limit are no longer applicable.
- Amendment changes Section 2 of Article II of the Bylaws.

## SEC filing metadata
- accession: 0001030469-23-000007
- form_type: 8-K
- ticker: OFG
- cik: 0001030469
- company_name: OFG BANCORP
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030469/000103046923000007/0001030469-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030469/000103046923000007/ofg-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001030469-23-000007
- JSON: https://secwatch.observer/filing/0001030469-23-000007.json
- Plain text: https://secwatch.observer/filing/0001030469-23-000007.txt

## Key facts
- Governance Changes
  OFG BANCORP: Eliminated age limitations for directors by amending Section 2 of Article II of Bylaws (effective 2023-01-25).
  - Change: bylaw amendment
  - Effective: 2023-01-25
  source text: Effective January 25, 2023, OFG Bancorp (the “Company”) amended Section 2 of Article II of its Bylaws to eliminate any age limitations in connection with serving as a director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1030469/000103046923000007/0001030469-23-000007-index.htm

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