secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /PR/ (FBP)
CIK:        0001057706
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001140361-25-022678
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057706/000114036125022678/0001140361-25-022678-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057706/000114036125022678/ef20050690_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-022678

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