SUZANNE S. DEFERIE - Corporate Board Profile

FIRST BANCORP /NC/

Filing Date	Source Excerpt
2018-03-20	Suzanne S. DeFerie, 61, was named Executive Vice President and Regional President for the Asheville Region of First Bank upon the merger of ASB Bancorp with the Company in October 2017. She served as the President and Chief Executive Officer of ASB Bancorp and Asheville Savings Bank, its banking subsidiary, from 2008 until ASB Bancorp’s merger with the Company. Prior to becoming CEO of Asheville Savings Bank, Ms. DeFerie was Executive Vice President and Chief Financial Officer of Asheville Savings Bank for 16 years.
2019-03-21	The following table sets forth compensation we paid to our directors in 2018: Name Fees Earned or Paid in Cash ($) Stock Awards ($) Non-Equity Incentive Plan Compensation ($) Change in Pension Value and Nonqualified Deferred Compensation Earnings All Other Compensation ($) Total ($) Suzanne S. DeFerie 32000 32000 — — — 64000 The Board has determined that 11 of its 14 current directors are independent as contemplated under the rules of NASDAQ, applicable provisions of the Exchange Act and our Corporate Governance Guidelines. The individuals who are not independent are Ms. DeFerie, Mr. Moore and Mr. Mayer because they are current employees of the Company.
2020-03-20	Suzanne S. DeFerie joined the Executive and Loan Committee upon her retirement in October 2019. Director compensation table shows $8,000 fees and no stock awards totaling $8,000.
2021-03-23	Suzanne S. DeFerie, 65, served as Executive Vice President and Regional President for the Asheville Region of First Bank ... Ms. DeFerie has been a director of the Company and First Bank since 2017. ... The following table sets forth compensation we paid to our directors in 2020: Suzanne S. DeFerie 32,000 32,000 — — — 64,000
2022-03-22	Suzanne S. DeFerie Fees Earned or Paid in Cash $32,000, Stock Awards $32,000, Total $64,000. She served on Executive and Loan Committee.
2023-03-24	Suzanne S. DeFerie, 66, served as Executive Vice President and Regional President for the Asheville Region of First Bank... Ms. DeFerie has been designated as an “audit committee financial expert” in accordance with SEC regulations... The following table sets forth compensation we paid to our directors in 2022: Suzanne S. DeFerie Fees Earned or Paid in Cash ($) 32,000 Stock Awards ($) 32,000 Total ($) 64,000
2024-03-20	Suzanne S. DeFerie, 67, served as Executive Vice President and Regional President for the Asheville Region of First Bank until her retirement in September 2019. Ms. DeFerie holds a CPA license and is active in the banking industry. The Board of Directors establishes compensation for directors based primarily on consultation with an outside consultant. The following table sets forth compensation we paid to our directors in 2023: Suzanne S. DeFerie's compensation is $87,000.
2025-03-20	Suzanne S. DeFerie, 68, served as Executive Vice President and Regional President for the Asheville Region of First Bank until her retirement in September 2019, at which point she joined the Board of Directors of the Company. Ms. DeFerie has been designated as an “audit committee financial expert” in accordance with SEC regulations. The Board of Directors establishes compensation for directors based primarily on consultation with an outside consultant. Each non-employee director receives a base director fee of $37,500 in cash annually. The Chair of the Audit Committee is paid an additional annual amount of $20,000. Suzanne S. DeFerie received $57,500 in fees and $37,500 in stock awards, totaling $95,000.