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):   December 9, 2011

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))

Top of the Form

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the Corporation’s Annual Meeting of Stockholders held on December 9, 2011, management Proposals 1, 2, 3 and 4 were approved. The results are as follows:

Proposal 1 — Approval of Election of Directors

                                 
Director Nominees:   Votes For   Votes Against   Votes Abstained   Broker Non-Votes
Aurelio Alemán-Bermúdez
     151,789,095       140,805       37,002       13,735,109  
Thomas M. Hagerty
     151,681,909       233,301       51,692       13,735,109  
Michael P. Harmon
     151,675,462       244,230       47,210       13,735,109  
Roberto R. Herencia
     151,739,752       179,568       47,582       13,735,109  
José Menéndez-Cortada
     151,777,806       157,004       32,092       13,735,109  
Hector M. Nevares-LaCosta
     151,741,598       189,320       35,984       13,735,109  
Fernando Rodríguez-Amaro
     151,772,349       147,311       47,242       13,735,109  
José F. Rodríguez-Perelló
     151,769,916       156,816       40,170       13,735,109  
Sharee Ann Umpierre-Catinchi
     151,732,546       187,707       46,649       13,735,109  

Proposal 2 — Approval of the First BanCorp 2008 Omnibus Incentive Plan, as amended (the “Plan”) to, among other things, increase the amount of shares of common stock, par value $0.10 per share, reserved for issuance under the Plan.

                         
Votes For   Votes Against   Votes Abstained   Broker Non-Votes
148,547,042
    3,363,284       56,576       13,735,109  

Proposal 3 — Approval of Executive Compensation

                         
Votes For   Votes Against   Votes Abstained   Broker Non-Votes
149,169,416
    308,526       2,488,960       13,735,109  

Proposal 4 — Ratification of the Appointment of PricewaterhouseCoopers LLP as the Independent Registered Public Accounting Firm for fiscal year 2011

                     
Votes For   Votes Against   Votes Abstained   Broker Non-Votes
162,572,410
    3,019,514       110,087     —

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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.
          
December 13, 2011   By:   /s/ Lawrence Odell
       
        Name: Lawrence Odell
        Title: EVP and General Counsel