---
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"
generated_at: "2026-05-19T05:58:48.224814+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First BanCorp COO Donald Kafka to retire; Juan Carlos Pavía named successor effective August 1, 2025

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-022678
- JSON: https://secwatch.observer/filing/0001140361-25-022678.json
- Plain text: https://secwatch.observer/filing/0001140361-25-022678.txt

## Key facts
- Executive change
  Juan Carlos Pavía changed role as Chief Operating Officer at FIRST BANCORP /PR/.
  - Action: succeed
  - Role: Chief Operating Officer
  source text: Mr. Juan Carlos Pavía, Executive Vice President and Chief Credit Officer, will succeed Mr. Kafka as COO, effective August 1, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036125022678/0001140361-25-022678-index.htm
- Executive change
  Donald Kafka departed as Executive Vice President and Chief Operating Officer at FIRST BANCORP /PR/.
  - Action: retire
  - Role: Executive Vice President and Chief Operating Officer
  source text: Mr. Donald Kafka, Executive Vice President and Chief Operating Officer (“COO”), will retire from his position at the Corporation effective September 15, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036125022678/0001140361-25-022678-index.htm

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