FIRST COMMUNITY CORP /SC/

Regulatory Filings • May 19, 2022

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): May 18, 2022

First Community Corporation

(Exact name of registrant as specified in its charter)

South Carolina

(State or other jurisdiction of incorporation)

000-28344	57-1010751
(Commission
File Number)	(IRS
Employer Identification No.)
5455
Sunset Blvd , Lexington , South Carolina	29072
(Address
of principal executive offices)	(Zip
Code)

(803) 951-2265

(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 (see General Instruction A.2. below):

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))

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

| Title
of each class | Trading
Symbol(s) | Name
of exchange on which registered |
| --- | --- | --- |
| Common
stock, par value $1.00 per share | FCCO | The Nasdaq Capital Market |

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 o

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. o

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Item 5.07. Submission of Matters to a Vote of Security Holders.

The annual meeting of shareholders (the “Annual Meeting”) of First Community Corporation (the “Company”) was held on May 18, 2022 at 11:00 a.m. at the Company’s principal executive office located at 5455 Sunset Boulevard, Lexington, South Carolina 29072. Of the 7,553,238 shares of the Company’s common stock outstanding at the Annual Meeting, there were present in person or by proxy 5,532,048 shares, representing approximately 73.24% of the total outstanding eligible votes. At the Annual Meeting, the shareholders of the Company: (1) elected four Class I members to the Company’s Board of Directors to serve a term expiring in 2025; (2) approved an advisory resolution to approve the compensation of the Company’s named executive officers; and (3) ratified the appointment of Elliott Davis, LLC as the Company’s independent registered public accountants for the fiscal year ending December 31, 2022.

The final results of voting on each of the matters submitted to a vote of shareholders during the Annual Meeting are as follows:

1. To elect four Class I members of the Board of Directors to serve a three-year term expiring at the 2025 annual meeting of shareholders or until their respective successors are duly elected and qualified:

Class I:	For	Withheld	Broker Non-Vote
Michael C. Crapps	4,022,902	35,045	1,474,101
Jan H. Hollar	4,022,513	35,434	1,474,101
Mickey E. Layden	4,019,019	38,928	1,474,101
Jane S. Sosebee	3,895,017	162,930	1,474,101

The other directors that continued in office after the Annual Meeting are as follows:

Class II:	Class III:
Thomas C. Brown	C. Jimmy Chao
W. James Kitchens, Jr.	Ray E. Jones
Edward J. Tarver	E. Leland Reynolds
Roderick M. Todd, Jr.	Alexander Snipe, Jr.

1. A non-binding, advisory vote, to approve the compensation of the Company’s named executive officers (the “say-on-pay” vote):

For	Against	Abstain	Broker Non-Vote
3,977,190	59,163	21,594	1,474,101

1. To ratify the appointment of Elliott Davis, LLC as the Company’s independent registered public accountants for the fiscal year ending December 31, 2022:

For	Against	Abstain
5,372,602	111,557	47,889

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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 hereunto duly authorized.

| FIRST
COMMUNITY CORPORATION | |
| --- | --- |
| By: | /s/
D. Shawn Jordan |
| Name: | D.
Shawn Jordan |
| Title: | Chief
Financial Officer |

Dated: May 19, 2022