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): January 13, 2017

 

First Bancorp

(Exact Name of Registrant as Specified in its Charter)

 

North Carolina 0-15572  56-1421916
(State or Other Jurisdiction of (Commission File Number) (IRS Employer
 Incorporation)   Identification Number)

 

300 SW Broad Street,  
Southern Pines, NC 28387 28387
(Address of Principal Executive Offices) (Zip Code)

 

(910) 246-2500

(Registrant’s telephone number, including area code)

 

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))

 

 

 

 

Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On January 13, 2017, Edward F. Soccorso tendered his resignation, effective January 20, 2017, as Executive Vice President and Chief Strategy Officer of First Bancorp and First Bank.

 

The terms and conditions related to Mr. Soccorso’s departure are outlined in the Severance Agreement and Release of Claims, attached hereto as Exhibit 10.1.

 

 

Item 9.01Financial Statements and Exhibits.

 

(d)       Exhibits

 

Exhibit No.

  

Description

10.1

 

   Severance Agreement and Release of Claims by and among First Bancorp, First Bank and Edward F. Soccorso dated January 17, 2017
     

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  FIRST BANCORP  
       
       
  By:   /s/ Richard H. Moore  
    Richard H. Moore  
    Chief Executive Officer  

 

Date: January 17, 2017

 

 

 

 

INDEX TO EXHIBITS

 

Exhibit No.

  

Description

     

10.1

 

   Severance Agreement and Release of Claims by and among First Bancorp, First Bank and Edward F. Soccorso dated January 13, 2017