First BanCorp. (Form: 8-K)  

 


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 24, 2018

First BanCorp.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Puerto Rico 001-14793 66-0561882
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
1519 Ponce de Leon Ave., PO Box 9146, San Juan, Puerto Rico   00908-0146
_________________________________
(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   787-729-8041

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))

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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. [  ]


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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 24, 2018, 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 2018 Annual Meeting of Stockholders filed by the Corporation with the Securities and Exchange Commission on April 13, 2018. The voting results are as follows:

Proposal 1 – Election of Directors

                         
Director Nominees:   Votes For   Votes Against   Votes Abstained
Aurelio Alemán
    179,676,602       258,913       828,531  
 
                       
Juan Acosta Reboyras
    178,231,030       1,700,212       832,804  
 
                       
Luz A. Crespo
    178,299,380       1,632,883       831,783  
 
                       
Robert T. Gormley
    178,115,145       1,818,230       830,671  
 
                       
John A. Heffern
    178,060,568       1,872,174       831,304  
 
                       
Roberto R. Herencia
    178,668,526       1,268,162       827,358  
 
                       
David I. Matson
    178,204,163       1,728,009       831,874  
 
                       
Joe Menéndez-Cortada
    176,227,740       3,708,079       828,227  
 
                       

Broker Non- Vote N/A             shares for each director.

Proposal 2 – Non-binding Approval of 2017 Executive Compensation of the Corporation’s named executive officers.

                     
Votes For
  Votes Against   Votes Abstained   Broker Non-Votes
 
                   
169,078,826
    10,555,452       1,129,768     N/A
 
                   

Proposal 3 – Advisory Vote on the Frequency of Future Advisory Votes on the Corporation’s Executive Compensation

                             
1 Year
  2 Years   3 Years   Votes Abstained   Broker Non-Votes
 
                           
163,847,588
    155,214       15,911,867       849,377     N/A
 
                           


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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 hereunto duly authorized.

         
    First BanCorp.
          
May 25, 2018   By:   Lawrence Odell
       
        Name: Lawrence Odell
        Title: EVP and General Counsel