Short answer
FIRST BANCORP /PR/ (FBP) filed an 8-K current report with the SEC on May 12, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 5.07 (Submission of Matters to a Vote of Security Holders). Stockholders approved First BanCorp’s 2026 Omnibus Incentive Plan at the May 6, 2026 annual meeting.
FIRST BANCORP /PR/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Stockholders approved First BanCorp’s 2026 Omnibus Incentive Plan at the May 6, 2026 annual meeting
- 5,000,000 shares reserved for equity awards to officers, employees, and nonemployee directors
- Eligible awards include options, appreciation rights, restricted stock, and restricted stock units
- Prior 2016 incentive plan closed to new awards, with certain forfeited shares potentially recycled
- Compensation Committee administration creates potential future equity dilution and compensation expense
Item 5.07 · Submission of Matters to a Vote of Security Holders
- All nine director nominees elected to one-year terms ending at the 2027 Annual Meeting
- Roberto R. Herencia faced highest opposition, with 36,134,938 votes against
- 2026 Omnibus Incentive Plan approved, supporting continued equity-based employee compensation
- 2025 executive compensation approved on a non-binding advisory basis
- Crowe LLP ratified as independent auditor for fiscal 2026 by 142,700,312 votes to 917,545 ҡар
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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