[8-K] FIRST BANCORP /NC/ Reports Material Event

Rhea-AI Filing Summary

First Bancorp, parent of First Bank, reported a leadership change tied to its succession plan. Michael G. Mayer has retired from his roles at the Company and First Bank effective February 28, 2026. He previously served as President of First Bancorp and Chief Executive Officer of First Bank.

Although retiring from his management positions, Mr. Mayer will remain involved with the organization by continuing to serve on the Boards of Directors of both First Bancorp and First Bank, providing ongoing board-level experience and continuity.

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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): February 28, 2026

First Bancorp

(Exact Name of Registrant as Specified in its Charter)

North Carolina

0-15572

56-1421916

(State or Other Jurisdiction

(Commission

(I.R.S. Employer

of Incorporation)

File Number)

Identification Number)

300 SW Broad Street,

Southern Pines,

NC

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class            Trading symbol            Name of each exchange on which registered:

Common Stock, No Par Value        FBNC                The Nasdaq Global Select Market

1

First Bancorp

INDEX

 

			Page
Item 5.02 - Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers			3
Signatures			4

2

ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

In connection with its succession plan, First Bancorp (the “Company”), the parent company of First Bank, announced that Michael G. Mayer has retired from the Company and First Bank effective February 28, 2026. Mr. Mayer will continue to serve as a director of the Boards of Directors of the Company and First Bank. Mr. Mayer previously served as the President of the Company and Chief Executive Officer of First Bank.

3

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 thereunto duly authorized.

First Bancorp

March 2, 2026

By:

/s/ Richard H. Moore

Richard H. Moore

Chief Executive Officer

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Filing Exhibits & Attachments

3 documents

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• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB