form8k-118761_fbnc.htm
 


 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street NW
Washington, D.C. 29549
 
 

Form 8-K
 

 
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
     
Date of Report (Date of earliest event reported):
 
November 22, 2011
   
 

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)

         
341 North Main Street, Troy,
North Carolina
     
 
27371
(Address of Principal Executive Offices)
     
(Zip Code)

(910) 576-6171

(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))
 
 



 
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First Bancorp
 
INDEX
 
         
   
Page
         
Item 8.01 – Other Events
   
3
 
         
Item 9.01 – Financial Statements and Exhibits
   
3
 
         
Signatures
   
4
 
         
Exhibit 99 (a) News Release dated November 22, 2011
   
5
 
 
 
 
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Item 8.01 — Other Events
 
On November 22, 2011, the Registrant issued a news release to announce a cash dividend.  The Registrant reported that its board of directors had declared a cash dividend of 8 cents per share on its common stock payable on January 25, 2012 to shareholders of record as of December 31, 2011.
 
In the same news release, the Registrant reported that on November 23, 2011, it expected to repurchase and retire the stock warrant that was originally issued to the U.S. Treasury on January 9, 2009.  The warrant is for 616,308 shares of common stock at an exercise price of $15.82, with an expiration date of January 9, 2019.  The warrant is being repurchased from the U.S. Treasury for $924,462.  The purchase price represents the amount that the Registrant bid in an auction for the warrant that took place on November 17, 2011.

 
Item 9.01 – Financial Statements and Exhibits
 
Exhibit 99(a) – News Release dated November 22, 2011
 

 
Disclosures About Forward Looking Statements
 
The discussions included in this document and its exhibits may contain forward looking statements within the meaning of the Private Securities Litigation Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933.  Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially.  For the purposes of these discussions, any statements that are not statements of historical fact may be deemed to be forward looking statements. Such statements are often characterized by the use of qualifying words such as “expects,” “anticipates,” “believes,” “estimates,” “plans,” “projects,” or other statements concerning opinions or judgments of the Company and its management about future events.  The accuracy of such forward looking statements could be affected by such factors as, including but not limited to, the financial success or changing conditions or strategies of the Company’s customers or vendors, fluctuations in interest rates, actions of government regulators, the availability of capital and personnel or general economic conditions.
 
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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 thereunto duly authorized.
 
             
           
First Bancorp
             
   
 
November 22, 2011
 
 
By:
 
 
/s/ Jerry L. Ocheltree
           
Jerry L. Ocheltree
           
President and Chief Executive Officer
 
 
 
 
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