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 18, 2023, 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 2023 Annual Meeting of Stockholders
filed by the Corporation with the Securities and Exchange Commission on April 5,
2023. The voting results are as follows:
Proposal 1 - Election of Directors
Director Nominees: Votes For Votes Against Votes Abstained
Juan Acosta Reboyras 159,149,894 2,414,784 75,134
Aurelio Alemán 160,283,448 1,284,434 71,930
Luz A. Crespo 157,618,634 3,950,099 71,079
Tracey Dedrick 160,281,879 1,280,706 77,227
Patricia M. Eaves 158,645,063 2,743,458 251,291
Daniel E. Frye 159,442,579 2,121,423 75,810
John A. Heffern 159,435,549 2,121,427 82,836
Roberto R. Herencia 124,760,886 36,802,201 76,725
Félix M. Villamil 159,448,826 2,110,284 80,702
Broker Non- Vote 7,358,631_ shares for each director.
Proposal 2 - Non-binding Approval of 2022 Executive Compensation of the
Corporation's named executive officers
Votes For Votes Against Votes Abstained Broker Non-Votes
155,757,430 5,706,322 176,060 7,358,631
Proposal 3 - Ratify the Appointment of Crowe LLP as the Corporation's
Independent Registered Public Accounting Firm for 2023 Fiscal Year
Votes For Votes Against Votes Abstained
168,731,199 186,139 81,105
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