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AI brief of an SEC Form 8-K · First Bancorp (Southern Pines NC) (FBNC)

First Bancorp director Mason Y. Garrett retires from board, effective July 26, 2024

Neutral Impact 2 of 5 leadership Written later

First Bancorp (FBNC) said director Mason Y. Garrett has retired from the boards of First Bancorp and First Bank, effective July 26, 2024. The filing states that the departure was not the result of any disagreement with the company over its operations, policies or practices. The filing reports no financial figures tied to the change.

Key points

  • Mason Y. Garrett resigned as a director of First Bancorp and First Bank, effective July 26, 2024.
  • The filing says the resignation was not the result of any disagreement with the company on operations, policies or practices.
  • Garrett joined the board in 2023, when GrandSouth Bancorporation merged with the company; he was a member of the First Bank Executive & Loan Committee.
  • The announcement was made in a news release dated July 30, 2024, attached as Exhibit 99.1.

The filing

CompanyFirst Bancorp (Southern Pines NC) (FBNC)
Form8-K, current report
Filed with the SECJul 30, 2024, 3:31 PM ET
Accession number0000811589-24-000052

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.