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 2, 2018

 

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 Broad Street,

Southern Pines, NC

      

 

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:

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-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). o 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. o

 

 

 

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 2, 2018, First Bancorp (the “Company”) held its annual meeting of shareholders. At the meeting, the Company’s shareholders: (i) elected each of the fourteen persons listed below under Proposal 1 to serve as a director of the Company until the 2019 annual meeting; (ii) ratified the appointment of Elliott Davis, PLLC as the independent auditors of the Company for 2018; (iii) approved, on a non-binding advisory basis, the Company’s named executive officer compensation (“say on pay”); and (iv) provided an advisory vote that the frequency of future “say on pay” advisory votes shall be every year.

The following table describes 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 fourteen nominees to the Board of Directors to serve until the 2019 annual meeting of shareholders, or until their successors are elected and qualified          
     Donald H. Allred 20,129,785 − 293,679 − 4,942,185
     Daniel T. Blue, Jr. 20,281,739 − 141,725 − 4,942,185
     Mary Clara Capel 20,299,619 − 123,845 − 4,942,185
     James C. Crawford, III 20,295,124 − 128,340 − 4,942,185
     Suzanne S. Deferie 19,972,964 − 450,500 − 4,942,185
     Abby J. Donnelly 20,135,935 − 287,529 − 4,942,185
     John B. Gould 20,149,318 − 274,146 − 4,942,185
     Michael G. Mayer 20,127,468 − 295,996 − 4,942,185
     Richard H. Moore 20,265,076 − 158,388 − 4,942,185
     Thomas F. Phillips 20,296,137 − 127,327 − 4,942,185
     O. Temple Sloan, III 20,144,481 − 278,983 − 4,942,185
     Frederick L. Taylor II 20,302,915 − 120,549 − 4,942,185
     Virginia C. Thomasson 20,304,685 − 118,779 − 4,942,185
     Dennis A. Wicker 12,344,222 − 8,079,242 − 4,942,185
           
Proposal 2:  To ratify the appointment of Elliott Davis, PLLC as the independent auditors of the Company for 2018. 25,077,013 186,919 − 101,717 −
           
Proposal 3:  To approve, on a non-binding advisory basis, the Company’s named executive officer compensation (“say on pay”). 19,665,028 638,034 − 120,402 4,942,185
           
Proposal 4:  To provide an advisory vote on the frequency of future shareholder “say on pay” advisory votes.          
     One year 18,944,384 − − 99,223 −
     Two years        74,551 − − 99,223 −
     Three years   1,305,306 − − 99,223 −
           

 

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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
             
   

 

May 2, 2018

  

 

By:

  

 

/s/ Richard H. Moore

            Richard H. Moore
            Chief Executive Officer

 

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