First Bancorp

05/01/2025 | Press release | Distributed by Public on 05/01/2025 09:08

Proxy Results (Form 8-K)

Item 5.07 - Submission of Matters to a Vote of Security Holders
On April 29, 2025, First Bancorp (the "Company") held its annual meeting of shareholders. At the meeting, the Company's shareholders: (i) elected each of the 11 persons listed below under Proposal 1 to serve as a director of the Company until the 2026 annual meeting; (ii) ratified the appointment of Crowe, LLP as the independent auditors of the Company for 2025; (iii) approved, on a non-binding advisory basis, the compensation paid to the Company's named executive officers ("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 shows the results of the voting at the annual meeting.
Proposal 1: To elect 11 nominees to the Board of Directors to serve until the 2026 annual meeting of shareholders, or until their successors are elected and qualified
Name of Nominee Shares Voted "For" Shares Withheld Broker Non-Votes
Mary Clara Capel 30,346,998 954,180 4,329,950
James C. Crawford, III 28,547,790 2,753,388 4,329,950
Suzanne S. DeFerie 21,305,801 9,995,377 4,329,950
Abby J. Donnelly 30,656,513 644,665 4,329,950
Michael G. Mayer 30,317,697 983,481 4,329,950
John W. McCauley 30,450,635 850,543 4,329,950
Carlie C. McLamb, Jr. 30,452,209 848,969 4,329,950
Richard H. Moore 30,365,565 935,613 4,329,950
Dexter V. Perry 30,440,636 860,542 4,329,950
O. Temple Sloan, III 30,385,680 915,498 4,329,950
Frederick L. Taylor, II 30,051,500 1,249,678 4,329,950
Proposal 2: To ratify the appointment of Crowe, LLP as the independent auditors of the Company for 2025.
Shares Voted "For" Shares Voted "Against" Shares Abstained
35,539,821 33,858 57,449
Proposal 3: To approve, on a non-binding advisory basis, the compensation paid to the Company's named executive officers ("Say-on-Pay").
Shares Voted "For" Shares Voted "Against" Shares Abstained Broker Non-Votes
29,235,792 2,013,234 52,152 4,329,950
Proposal 4: To provide an advisory vote on the frequency of future shareholder "Say-on-Pay" advisory votes.
One year Two years Three years Shares Abstained
28,955,004 34,866 2,267,303 44,005
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First Bancorp published this content on May 01, 2025, and is solely responsible for the information contained herein. Distributed via EDGAR on May 01, 2025 at 15:08 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]