UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 19, 2007
FIRST BANCORP.
(Exact Name of Registrant as Specified in its Charter)
001-14793
(Commission File Number)
| |
|
|
| Puerto Rico
|
|
66-0561882 |
(State or Other Jurisdiction
of Incorporation)
|
|
(I.R.S. Employer
Identification No.) |
1519 Ponce de Leon
San Juan, Puerto Rico 00908-0146
(Address of Principal Executive Offices) (Zip Code)
(787) 729 8200
(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:
|
|
|
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
| o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
| o |
|
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
|
|
|
| Item 3.01 |
|
Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing. |
Consistent
with NYSE Regulation, Inc. (the “NYSE”) normal regulatory procedures, on March 19, 2007, First
BanCorp ( the “Corporation”) received a letter from the NYSE advising that the procedures in Section 802.01E of the Listed Company Manual are
applicable to the Corporation as a result of the fact that it did not file with the Securities and
Exchange Commission (the “SEC”) the Corporation’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2006 (the “2006 10-K”) by March 1, 2007, the date on which it was required to
have been filed under Section 13 of the Securities Exchange Act of 1934. Among other things, the
NYSE advised the Corporation that it will post the Corporation’s 2006 10-K to the annual late
filers list on the Listing Standards Filing Status page on the NYSE’s website on March 22, 2007.
The NYSE also advised the Corporation that, pursuant to
Section 802.01E of the Listed Company Manual, the NYSE is closely monitoring the status of the
Corporation’s late filing and, if the Corporation does not file the 2006 10-K within six months of
the March 1, 2007 due date, the NYSE will determine whether to allow the Corporation’s securities
to trade for up to an additional six months or to commence suspension and delisting procedures.
The Corporation expects to file with the SEC its 2006 10-K in the summer of 2007 and to file an
amended quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2005 and quarterly
reports on Form 10-Q for the fiscal quarters ended June 30, 2005, September 30, 2005, March 31,
2006, June 30, 2006 and September 30, 2006, or the information required by those reports, as soon
as possible thereafter.
A copy of the press release required by Section 802.01E disclosing the status of the Corporation’s
filing of the 2006 10-K, noting the delay, the reason for the delay and the anticipated filing date
is incorporated herein by reference to Exhibit 99.1.
2