{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-027163","form_type":"8-K/A","ticker":"FBP","cik":"0001057706","company_name":"FIRST BANCORP /PR/","filed_at":"2026-07-01T17:58:08+00:00","discovered_at":"2026-07-01T17:59:00.496657+00:00","generated_at":"2026-07-01T17:59:20.347949+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"First BanCorp names Said Ortiz CFO; Berges to consult at $300/hr through Dec 2026","bullets":["Berges retired as EVP/CFO; consulting with FirstBank Puerto Rico at $300/hr through Dec 31, 2026.","Said Ortiz appointed EVP/CFO effective July 1, 2026; base salary $475,000 plus annual bonus opportunity.","Berges' consulting covers financial, accounting, strategic, regulatory matters; 6-month non-compete.","Ortiz severance: 2x salary plus 2x avg bonus if terminated without cause within 2 years after change of control."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-027163","json":"https://secwatch.observer/filing/0001140361-26-027163.json","markdown":"https://secwatch.observer/filing/0001140361-26-027163.md","text":"https://secwatch.observer/filing/0001140361-26-027163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1057706/000114036126027163/0001140361-26-027163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1057706/000114036126027163/ef20077224_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-01T17:59:20.347949+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":"6f8ef189fa","claim":"Orlando Berges retired as Executive Vice President and Chief Financial Officer at FIRST BANCORP /PR/.","evidence_excerpt":"In connection with his retirement, on June 30, 2026, Mr. Berges and FirstBank Puerto Rico, a subsidiary of the Corporation entered into a Professional Services Agreement","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1057706/000114036126027163/0001140361-26-027163-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"99c62d0594","claim":"Said Ortiz was appointed as Executive Vice President and Chief Financial Officer at FIRST BANCORP /PR/.","evidence_excerpt":"In connection with Mr. Ortiz’s appointment as Executive Vice President and Chief Financial Officer, the Corporation entered into a one-year employment agreement (the “Agreement”) effective July 1, 2026 with Mr. Ortiz.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1057706/000114036126027163/0001140361-26-027163-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}