{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-022678","form_type":"8-K","ticker":"FBP","cik":"0001057706","company_name":"FIRST BANCORP /PR/","filed_at":"2025-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.353023+00:00","generated_at":"2026-05-19T05:58:48.224814+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"First BanCorp COO Donald Kafka to retire; Juan Carlos Pavía named successor effective August 1, 2025","bullets":["Donald Kafka, EVP and COO, will retire effective September 15, 2025, as part of a strategic reorganization.","Juan Carlos Pavía, EVP and Chief Credit Officer, promoted to COO effective August 1, 2025.","Pavía will oversee Banking Operations, IT, Real Estate, new Business Transformation Unit; will also retain oversight of Credit Risk and Credit Administration.","Kafka will remain with the Corporation through September 15 to assist with transition."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-022678","json":"https://secwatch.observer/filing/0001140361-25-022678.json","markdown":"https://secwatch.observer/filing/0001140361-25-022678.md","text":"https://secwatch.observer/filing/0001140361-25-022678.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1057706/000114036125022678/0001140361-25-022678-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1057706/000114036125022678/ef20050690_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T05:58:48.224814+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":[{"claim_id":"4d4eed4f96","claim":"Juan Carlos Pavía changed role as Chief Operating Officer at FIRST BANCORP /PR/.","evidence_excerpt":"Mr. Juan Carlos Pavía, Executive Vice President and Chief Credit Officer, will succeed Mr. Kafka as COO, effective August 1, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1057706/000114036125022678/0001140361-25-022678-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"succeed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"5765c6e1b6","claim":"Donald Kafka departed as Executive Vice President and Chief Operating Officer at FIRST BANCORP /PR/.","evidence_excerpt":"Mr. Donald Kafka, Executive Vice President and Chief Operating Officer (“COO”), will retire from his position at the Corporation effective September 15, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1057706/000114036125022678/0001140361-25-022678-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Executive Vice President and Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}