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AI brief of an SEC Form 8-K · First BanCorp (Puerto Rico) (FBP)

First BanCorp stockholders approve 2026 Omnibus Incentive Plan and elect nine directors

Neutral Impact 3 of 5 shareholder Written later

At its May 6, 2026 annual meeting, First BanCorp stockholders approved a new 2026 Omnibus Incentive Plan with 5,000,000 shares available for awards, re-elected the director slate, and ratified Crowe LLP as auditor for 2026. Each director nominee was elected to a one-year term, and no new awards will be made under the prior 2016 plan.

Key points

  • Stockholders approved the 2026 Omnibus Incentive Plan, with 126,365,168 votes for and 9,200,055 against
  • Plan reserves 5,000,000 shares, plus forfeited shares from awards under the 2016 plan
  • Roberto R. Herencia received 99,373,785 votes for and 36,134,938 against, the lowest support among the nine nominees
  • Stockholders ratified Crowe LLP as independent registered public accounting firm for fiscal 2026

The filing

CompanyFirst BanCorp (Puerto Rico) (FBP)
Form8-K, current report
Filed with the SECMay 12, 2026, 3:44 PM ET
Accession number0001140361-26-020795

Items reported: 5.02 Director / Officer Change5.07 Shareholder Vote Results

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 May 12, 2026.

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