secwatch.observer — SEC 8-K summary
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Issuer:     OFG BANCORP (OFG)
CIK:        0001030469
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001030469-23-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

OFG Bancorp elects Angel Vázquez to board; annual meeting results
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- Angel Vázquez, President of Pan Pepin, elected to OFG board effective April 26, 2023; appointed to Audit and Risk/Compliance committees.
- No arrangement or related-party transaction exceeding $120,000 between Vázquez and OFG.
- All 7 director nominees elected at April 26 annual meeting; Julian Inclán received 40.3M for votes, 1.3M withheld.
- Advisory vote on executive compensation approved (40.9M for, 712K against); shareholders selected one-year frequency for future votes.
- Shareholders approved amendment to 2007 Omnibus Performance Incentive Plan and ratified KPMG as auditor for 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030469/000103046923000018/0001030469-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030469/000103046923000018/ofg-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001030469-23-000018

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