Item 5.07 Submission of Matters to a Vote of Security Holders
At the Annual Meeting of Stockholders of First BanCorp (the "Corporation") held
on May 21, 2021, stockholders of the Corporation voted on the following
proposals, which are described in more detail in the Corporation's Definitive
Proxy Statement on Schedule 14A for the 2021 Annual Meeting of Stockholders
filed by the Corporation with the Securities and Exchange Commission on April 7,
2021. The voting results are as follows:
Proposal 1 - Election of Directors
Director Nominees: Votes For Votes Against Votes Abstained
Juan Acosta Reboyras 170,948,185 5,922,418 19,065
Aurelio Alemán 175,724,586 1,153,218 11,864
Luz A. Crespo 173,581,749 3,288,829 19,090
Tracey Dedrick 175,639,979 1,223,264 26,425
Patricia M. Eaves 175,694,042 1,163,696 31,930
Daniel E. Frye 175,627,142 1,227,617 34,909
John A. Heffern 174,562,322 2,298,329 29,017
Roberto R. Herencia 149,209,140 27,661,470 19,058
Félix M. Villamil 175,714,909 1,155,500 19,259
Broker Non- Vote 17,038,115 shares for each director.
Proposal 2 - Non-binding Approval of 2020 Executive Compensation of the
Corporation's named executive officers
Votes For Votes Against Votes Abstained Broker Non-Votes
143,583,575 32,599,076 707,017 17,038,115
Proposal 3 - Ratify the Appointment of Crowe LLP as the Corporation's
Independent Registered Public Accounting Firm for 2021 Fiscal Year
Votes For Votes Against Votes Abstained
193,387,198 161,292 379,293
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