UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 21, 2021
 
First BanCorp.
(Exact Name of Registrant as Specified in its Charter)
 
Puerto Rico
001-14793
66-0561822
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
1519 Ponce de Leon Ave.
P.O. Box 9146
San Juan, Puerto Rico
 
 
00908-0146
(Address of Principal Executive Offices)
 
(Zip Code)

(787) 729-8200
(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))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which
registered
Common Stock ($0.10 par value)
FBP
New York Stock Exchange


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. ☐

Item 5.07
Submission of Matters to a Vote of Security Holders

At the Annual Meeting of Stockholders of First BanCorp (the “Corporation”) held on May 21, 2021, stockholders of the Corporation voted on the following proposals, which are described in more detail in the Corporation’s Definitive Proxy Statement on Schedule 14A for the 2021 Annual Meeting of Stockholders filed by the Corporation with the Securities and Exchange Commission on April 7, 2021. The voting results are as follows:

Proposal 1 – Election of Directors

Director Nominees:
Votes For
  
Votes Against
  
Votes Abstained
Juan Acosta Reboyras
170,948,185
  
5,922,418
  
19,065
Aurelio Alemán
175,724,586
  
1,153,218
  
11,864
Luz A. Crespo
173,581,749
  
3,288,829
  
19,090
Tracey Dedrick
175,639,979
  
1,223,264
  
26,425
Patricia M. Eaves
175,694,042
  
1,163,696
  
31,930
Daniel E. Frye
175,627,142
  
1,227,617
  
34,909
John A. Heffern
174,562,322
  
2,298,329
  
29,017
Roberto R. Herencia
149,209,140
  
27,661,470
  
19,058
Félix M. Villamil
175,714,909
  
1,155,500
  
19,259

Broker Non- Vote         17,038,115           shares for each director.

Proposal 2 – Non-binding Approval of 2020 Executive Compensation of the Corporation’s named executive officers

Votes For
  
Votes Against
  
Votes Abstained
  
Broker Non-Votes
143,583,575
  
32,599,076
  
707,017
  
17,038,115

Proposal 3 – Ratify the Appointment of Crowe LLP as the Corporation’s Independent Registered Public Accounting Firm for 2021 Fiscal Year

Votes For
  
Votes Against
  
Votes Abstained
193,387,198
  
161,292
  
379,293

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SIGNATURE

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 hereunto duly authorized.

Date: May 24, 2021
First BanCorp.
     
 
By:
/s/ Sara Alvarez
 
Name:
Sara Alvarez
 
Title:
EVP and General Counsel


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