First Bancorp (NASDAQ:FBNC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07 Submission of Matters to a Vote of Security Holders
Item5.07 Submission of Matters to a Vote of Security Holders
On May 3, 2017, First Bancorp (the Company) held its annual
meeting of shareholders. At the meeting, the Companys
shareholders: (i) elected each of the twelve persons listed below
under Proposal 1 to serve as a director of the Company until the
2018 annual meeting; (ii) ratified the appointment of Elliott
Davis Decosimo, PLLC as the independent auditors of the Company
for 2017; and (iii) approved, on a non-binding advisory basis,
the Companys 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 twelve nominees to the Board of Directors to serve until the 2018 annual meeting of shareholders, or until their successors are elected and qualified |
||||||||||||||||||||
| Donald H. Allred | 14,968,220 | 468,342 | 2,693,295 | |||||||||||||||||
| Daniel T. Blue, Jr. | 15,010,876 | 425,686 | 2,693,295 | |||||||||||||||||
| Mary Clara Capel | 15,006,464 | 430,098 | 2,693,295 | |||||||||||||||||
| James C. Crawford, III | 14,352,072 | 1,084,490 | 2,693,295 | |||||||||||||||||
| Abby J. Donnelly | 15,005,660 | 430,902 | 2,693,295 | |||||||||||||||||
| Michael G. Mayer | 15,010,523 | 426,039 | 2,693,295 | |||||||||||||||||
| Richard H. Moore | 15,166,716 | 269,846 | 2,693,295 | |||||||||||||||||
| Thomas F. Phillips | 15,034,356 | 402,206 | 2,693,295 | |||||||||||||||||
| O. Temple Sloan, III | 14,923,284 | 513,278 | 2,693,295 | |||||||||||||||||
| Frederick L. Taylor II | 15,033,106 | 403,456 | 2,693,295 | |||||||||||||||||
| Virginia C. Thomasson | 15,097,465 | 339,097 | 2,693,295 | |||||||||||||||||
| Dennis A. Wicker | 9,478,178 | 5,958,384 | 2,693,295 | |||||||||||||||||
|
Proposal 2:To ratify the appointment of Elliott Davis Decosimo, PLLC as the independent auditors of the Company for 2017. |
18,032,372 | 70,829 | 26,656 | |||||||||||||||||
|
Proposal 3:To approve, on a non-binding advisory basis, the Companys named executive officer compensation (Say on Pay). |
15,022,967 | 304,414 | 109,181 | 2,693,295 | ||||||||||||||||
About First Bancorp (NASDAQ:FBNC)
First Bancorp is the bank holding company for First Bank (the Bank). The Company’s principal activity is the ownership and operation of First Bank. The Company engages in a range of banking activities, including the acceptance of deposits and the making of loans. The Company offers credit cards, debit cards, letters of credit, safe deposit box rentals and electronic funds transfer services, including wire transfers. In addition, the Company offers Internet banking, mobile banking, cash management and bank-by-phone capabilities to its customers. The Company also offers a mobile check deposit feature for its mobile banking customers that allows them to deposit checks through their smartphone. The Company offers remote deposit capture for its business customers. The Company conducts business from approximately 90 branches. The Bank’s subsidiaries include First Bank Insurance Services, Inc. (First Bank Insurance) and First Troy SPE, LLC. First Bancorp (NASDAQ:FBNC) Recent Trading Information
First Bancorp (NASDAQ:FBNC) closed its last trading session down -0.28 at 29.68 with 106,826 shares trading hands.
