First BanCorp shareholders elect all 10 director nominees and approve say-on-pay and auditor ratification

FIRST BANCORP /PR/

All 10 director nominees elected; largest opposition was Roberto R. Herencia with 124.8M for, 36.8M against.
Non-binding approval of 2022 executive compensation: 155.8M for, 5.7M against, 176K abstained.
Ratification of Crowe LLP as auditor for FY2023: 168.7M for, 186K against, 81K abstained.
Broker non-votes of 7.36M shares on director election and say-on-pay proposals.

item 5.07

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST BANCORP /PR/ shareholders approved Non-binding Approval of 2022 Executive Compensation at the 2023-05-18 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-18

Exact text from the filing

Proposal 2 – Non-binding Approval of 2022 Executive Compensation of the Corporation’s named executive officers Votes For Votes Against Votes Abstained Broker Non-Votes 155,757,430 5,706,322 176,060 7,358,631

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST BANCORP /PR/ shareholders approved Ratify the Appointment of Crowe LLP as Independent Registered Public Accounting Firm for 2023 at the 2023-05-18 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-18

Exact text from the filing

Proposal 3 – Ratify the Appointment of Crowe LLP as the Corporation’s Independent Registered Public Accounting Firm for 2023 Fiscal Year Votes For Votes Against Votes Abstained 168,731,199 186,139 81,105

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FIRST BANCORP /PR/ shareholders approved Election of Directors at the 2023-05-18 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-18

Exact text from the filing

Proposal 1 – Election of Directors Director Nominees : Votes For Votes Against Votes Abstained Juan Acosta Reboyras 159,149,894 2,414,784 75,134 Aurelio Alemán 160,283,448 1,284,434 71,930 Luz A. Crespo 157,618,634 3,950,099 71,079 Tracey Dedrick 160,281,879 1,280,706 77,227 Patricia M. Eaves 158,645,063 2,743,458 251,291 Daniel E. Frye 159,442,579 2,121,423 75,810 John A. Heffern 159,435,549 2,121,427 82,836 Roberto R. Herencia 124,760,886 36,802,201 76,725 Félix M. Villamil 159,448,826 2,110,284 80,702 Broker Non- Vote 7,358,631_ shares for each director.

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641 shareholder votes filed in the last 30 days. Browse all shareholder votes →

FIRST BANCORP /PR/ filing history →

Source: SEC EDGAR

accession 0001140361-23-026112

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