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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

 

Form 8-K

 

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

     
Date of Report (Date of earliest event reported):   May 5, 2022

 

First Bancorp

 

(Exact Name of Registrant as Specified in its Charter)

         
North Carolina   0-15572   56-1421916
(State or Other Jurisdiction   (Commission   (I.R.S. Employer
of Incorporation)   File Number)   Identification Number)

 

         

300 SW Main Street,

Southern Pines, North Carolina

      

 

28387

(Address of Principal Executive Offices)       (Zip Code)

 

(910) 246-2500

 

(Registrant’s telephone number, including area code)

 

Not Applicable

 

(Former Name or Former Address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company          ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ☐ 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading symbol Name of each exchange on which registered:
Common Stock, No Par Value FBNC The Nasdaq Global Select Market

 

 

 

 

First Bancorp

INDEX

  Page
   
Item 5.07 - Submission of Matters to a Vote of Security Holders 3  
   
Signatures 4  

 

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Item 5.07 - Submission of Matters to a Vote of Security Holders

On May 5, 2022, First Bancorp (the “Company”) held its annual meeting of shareholders. At the meeting, the Company’s shareholders: (i) elected each of the 14 persons listed below under Proposal 1 to serve as a director of the Company until the 2023 annual meeting; (ii) ratified the appointment of BDO USA, LLP as the independent auditors of the Company for 2022; (iii) approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on- Pay”); and (iv) approved an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock from 40 million to 60 million.

The following table shows the results of the voting at the annual meeting.

 

Proposal or Name of Nominee   Shares
Voted
“For”		   Shares
Voted
“Against”		   Shares
Withheld		   Shares
Abstained		   Broker
Non-Votes
Proposal 1: To elect 14 nominees to the Board of Directors to serve until the 2023 annual meeting of shareholders, or until their successors are elected and qualified                                        
Mary Clara Capel     23,994,377       —       1,621,398       —       4,498,876  
James C. Crawford, III     22,541,918       —       3,073,857       —       4,498,876  
Suzanne S. DeFerie     25,313,906       —       301,869       —       4,498,876  
Abby J. Donnelly     25,077,899       —       537,876       —       4,498,876  
John B. Gould     25,046,967       —       568,808       —       4,498,876  
Michael G. Mayer     24,878,498       —       737,277       —       4,498,876  
Carlie C. McLamb, Jr.     25,532,802       —       82,973       —       4,498,876  
John W. McCauley     25,512,655       —       103,120       —       4,498,876  
Richard H. Moore     24,517,376       —       1,098,399       —       4,498,876  
Dexter V. Perry     25,512,932       —       102,843       —       4,498,876  
O. Temple Sloan, III     24,892,038       —       723,737       —       4,498,876  
Frederick L. Taylor, II     24,131,507       —       1,484,268       —       4,498,876  
Virginia C. Thomasson     24,015,728       —       1,600,047       —       4,498,876  
Dennis A. Wicker     24,067,770       —       1,548,005       —       4,498,876  
                                         
                                         
Proposal 2: To ratify the appointment of BDO USA, LLP as the independent auditors of the Company for 2022.     29,974,244       91,934       —       48,473       —  
                                         
Proposal 3: To approve, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers (“Say-on-Pay”).     23,767,467       1,631,858       —       216,450       4,498,876  
                                         
Proposal 4: To approve an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock from 40 million to 60 million.     29,534,998       538,557       —       41,096       —  
                                         

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized

  First Bancorp
   

 

 Dated:  May 10, 2022

 

/s/ Richard H. Moore

  Richard H. Moore
  Chief Executive Officer

 

 

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