form8k-116295_fbnc.htm
 
 
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, 2011
 
 
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)

         
341 North Main Street, Troy,
North Carolina
      
 
27371
(Address of Principal Executive Offices)
      
(Zip Code)

(910) 576-6171
(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, 2011, First Bancorp held its annual meeting of shareholders.  At the meeting, the Company’s shareholders:  (i) elected each of the eighteen persons listed below under Proposal 1 to serve as a director of the Company until the 2012 annual meeting; (ii) ratified the appointment of Elliott Davis, PLLC as the independent auditors of the Company for 2011; and (iii) approved, on a non-binding advisory basis, the Company’s named executive officer compensation.  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 eighteen nominees to the Board of Directors to serve until the 2012 annual meeting of shareholders, or until their successors are elected and qualified.
                              
     Daniel T. Blue, Jr.
     11,053,094       −       86,748       −       3,132,869  
     Jack D. Briggs
     11,042,464       −       97,378       −       3,132,869  
     R. Walton Brown
     11,050,710       −       89,133       −       3,132,869  
     David L. Burns
     10,990,539       −       149,303       −       3,132,869  
     John F. Burns
     10,988,059       −       151,783       −       3,132,869  
     Mary Clara Capel
     11,021,660       −       118,183       −       3,132,869  
     James C. Crawford, III
     11,037,842       −       102,000       −       3,132,869  
     R. Winston Dozier
     11,066,650       −       73,193       −       3,132,869  
     James G. Hudson, Jr.
     11,017,169       −       122,673       −       3,132,869  
     Richard H. Moore
     11,044,781       −       95,061       −       3,132,869  
     Jerry L. Ocheltree
     11,017,845       −       121,997       −       3,132,869  
     George R. Perkins, Jr.
     11,012,610       −       127,232       −       3,132,869  
     Thomas F. Phillips
     10,981,604       −       158,239       −       3,132,869  
     Frederick L. Taylor II
     11,052,366       −       87,476       −       3,132,869  
     Virginia C. Thomasson
     11,049,704       −       90,138       −       3,132,869  
     Goldie H. Wallace
     10,850,756       −       289,086       −       3,132,869  
     Dennis A. Wicker
     11,014,304       −       125,539       −       3,132,869  
     John C. Willis
     11,029,245       −       110,598       −       3,132,869  
                                         
Proposal 2:  To ratify the appointment of Elliott Davis, PLLC as the independent auditors of the Company for 2011.
     14,148,033       76,917       −       47,761       −  
                                         
Proposal 3:  To approve, on a non-binding advisory basis, the Company’s named executive officer compensation.
     10,574,520       447,381       −       105,539       3,132,870  
 

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 Registrant 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 Registrant’s customers or vendors, fluctuations in interest rates, actions of government regulators, the availability of capital and personnel or general economic conditions.
 
 
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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 16, 2011
  
 
By:
 
/s/ Jerry L. Ocheltree
           
Jerry L. Ocheltree
           
President and Chief Executive Officer
 
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