{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-318478","form_type":"8-K","ticker":"OFG","cik":"0001030469","company_name":"OFG BANCORP","filed_at":"2021-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.163402+00:00","generated_at":"2026-06-28T13:38:07.094989+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"OFG Bancorp elects Rafael Vélez to board, nominates Annette Franqui for 2022 election","bullets":["Rafael Vélez elected to Board effective Oct 28, 2021; appointed to Audit Committee.","Vélez is Founder/President of Atabey Capital and Campo Alegre, former co-founder of Barreto & Vélez CPA.","Annette Franqui nominated for election at 2022 annual meeting; term expected to start July 2022.","Franqui is Founding Partner/CIO of Forrestal Capital, former CFO of Panamco, and serves on Arcos Dorados board (NYSE:ARCO).","No transactions >$120,000 between company and new directors or immediate family members."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-318478","json":"https://secwatch.observer/filing/0001193125-21-318478.json","markdown":"https://secwatch.observer/filing/0001193125-21-318478.md","text":"https://secwatch.observer/filing/0001193125-21-318478.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1030469/000119312521318478/0001193125-21-318478-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1030469/000119312521318478/d106771d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T13:38:07.094989+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":"0f22148c2b","claim":"Annette Franqui was appointed as Director at OFG BANCORP.","evidence_excerpt":"The Board also nominated Annette Franqui for election to the Board at the 2022 annual meeting of shareholders with her term expected to commence at the Company’s regularly scheduled Board meeting in July.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1030469/000119312521318478/0001193125-21-318478-index.htm","confidence":0.8,"family_label":"Executive change","details":[{"label":"Action","value":"nominated"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"aff43a490f","claim":"Rafael Vélez was elected as Director at OFG BANCORP.","evidence_excerpt":"On October 28, 2021, the Board elected Rafael Vélez to the Board of Directors effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1030469/000119312521318478/0001193125-21-318478-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}