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 12, 2016

 

 

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:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

First Bancorp
INDEX

         
    Page
   
         
Item 5.07 – Submission of Matters to a Vote of Security Holders     3  
         
Signatures     5  
         
     

 

 

2

 

 

 

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

On May 12, 2016, First Bancorp held its annual meeting of shareholders. At the meeting, the Company’s shareholders: (i) elected each of the nine persons listed below under Proposal 1 to serve as a director of the Company until the 2017 annual meeting; (ii) ratified the appointment of Elliott Davis Decosimo, PLLC as the independent auditors of the Company for 2016; and (iii) approved, on a non-binding advisory basis, the Company’s named executive officer compensation (“Say on Pay”).

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 nine nominees to the Board of Directors to serve until the 2017 annual meeting of shareholders, or until their successors are elected and qualified                                        
     Daniel T. Blue, Jr.     14,193,434       —       83,948       —       3,071,578  
     Mary Clara Capel     14,139,779       —       137,603       —       3,071,578  
     James C. Crawford, III     14,240,278       —       37,104       —       3,071,578  
     Richard H. Moore     14,183,904       —       93,478       —       3,071,578  
     Thomas F. Phillips     14,192,549       —       84,833       —       3,071,578  
     O. Temple Sloan, III     14,197,742       —       79,640       —       3,071,578  
     Frederick L. Taylor II     14,168,383       —       108,999       —       3,071,578  
     Virginia C. Thomasson     14,241,317       —       36,065       —       3,071,578  
     Dennis A. Wicker     10,016,388       —       4,260,994       —       3,071,578  
                                         
Proposal 2:  To ratify the appointment of Elliott Davis Decosimo, PLLC as the independent auditors of the Company for 2016.     17,217,317       63,603       —       68,040       —  
                                         
Proposal 3:  To approve, on a non-binding advisory basis, the Company’s named executive officer compensation (“Say on Pay”).     13,928,417       275,925       —       73,040       3,071,578  

 

3

 

 

 

Disclosures About Forward Looking Statements

 The discussions included in this document and its exhibits may contain forward looking statements within the meaning of the Private Securities Litigation Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. For the purposes of these discussions, any statements that are not statements of historical fact may be deemed to be forward looking statements. Such statements are often characterized by the use of qualifying words such as “expects,” “anticipates,” “believes,” “estimates,” “plans,” “projects,” or other statements concerning opinions or judgments of the Company and its management about future events. The accuracy of such forward looking statements could be affected by such factors as, including but not limited to, the financial success or changing conditions or strategies of the Company’s customers or vendors, fluctuations in interest rates, actions of government regulators, the availability of capital and personnel or general economic conditions.

4

 

 

 

 

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 13, 2016

 

 

By:

 

 

/s/ Richard H. Moore

            Richard H. Moore
            Chief Executive Officer

 

5

 

 

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