Short answer
FIRST BANCORP /NC/ (FBNC) filed an 8-K current report with the SEC on March 2, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Michael G. Mayer retired as President of First Bancorp and CEO of First Bank effective February 28, 2026.
FIRST BANCORP /NC/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Michael G. Mayer retired as President of First Bancorp and CEO of First Bank effective February 28, 2026
- Mayer remains on both company and bank boards: limits clean break, retains insider influence
- Succession plan already in place; Richard H. Moore signing as CEO signals leadership transition completed
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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