{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-019487","form_type":"8-K/A","ticker":"FBP","cik":"0001057706","company_name":"FIRST BANCORP /PR/","filed_at":"2025-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.352175+00:00","generated_at":"2026-05-21T02:46:28.773835+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"First BanCorp discloses terms of consulting agreement with former EVP Pancham","bullets":["Hourly fee of $250; minimum 20 hours/month, maximum 40 hours/month without prior approval.","Agreement term from May 16, 2025 through December 31, 2025; renewable by mutual agreement.","Consulting services focus on mortgage, insurance, and FirstBank Puerto Rico's Virgin Islands operations.","Non-compete and non-solicitation covenants apply for 12 months after termination of the agreement.","This amendment to the prior 8-K on Pancham's retirement provides the consulting terms not previously disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-019487","json":"https://secwatch.observer/filing/0001140361-25-019487.json","markdown":"https://secwatch.observer/filing/0001140361-25-019487.md","text":"https://secwatch.observer/filing/0001140361-25-019487.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1057706/000114036125019487/0001140361-25-019487-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1057706/000114036125019487/ef20049204_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T02:46:28.773835+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}