---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-026112"
form_type: "8-K"
ticker: "FBP"
cik: "0001057706"
company_name: "FIRST BANCORP /PR/"
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T16:58:23.571111+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.05
calibrated_materiality_score: 0.05
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-026112
- form_type: 8-K
- ticker: FBP
- cik: 0001057706
- company_name: FIRST BANCORP /PR/
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.05
- calibrated_materiality_score: 0.05
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057706/000114036123026112/0001140361-23-026112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1057706/000114036123026112/brhc20053311_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-026112
- JSON: https://secwatch.observer/filing/0001140361-23-026112.json
- Plain text: https://secwatch.observer/filing/0001140361-23-026112.txt

## Key facts
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036123026112/0001140361-23-026112-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036123026112/0001140361-23-026112-index.htm
- Shareholder Votes
  FIRST BANCORP /PR/ shareholders approved Election of Directors at the 2023-05-18 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036123026112/0001140361-23-026112-index.htm

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