FIRST COMMUNITY CORP /SC/

Regulatory Filings • Feb 16, 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): February 16, 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 2.02 Other Events.

We are filing forms of our (i) restricted stock unit agreements and (ii) restricted stock award agreements, each of which were approved by our Board of Directors on February 15, 2022. We anticipate such award agreements will be used with respect to equity grants under the First Community Corporation 2021 Omnibus Equity Incentive Plan (the “Plan”), including, without limitation, grants to our executive officers and directors, subject to the discretion of the Human Resources/Compensation Committee of our Board of Directors (the “Committee”), which discretion includes, among other things, the authority of the Committee to modify any such forms of agreement or use other forms of agreement.

The forms of restricted stock unit agreements and restricted stock award agreements are attached as Exhibits 10.1, 10.2, 10.3 and 10.4 to this Current Report on Form 8-K and are incorporated by reference herein. Such forms of agreement are subject to the authority of the Committee to, among other things, modify and vary award agreements under the Plan.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Item	Exhibit and Exhibit List
10.1	Form of Time-based Restricted Stock Unit Agreement under the First Community
Corporation 2021 Omnibus Equity Incentive Plan
10.2	Form of Performance-based Restricted
Stock Unit Agreement under the First Community Corporation 2021 Omnibus Equity Incentive Plan
10.3	Form of Restricted Stock Agreement
for Directors under the First Community Corporation 2021 Omnibus Equity Incentive Plan
10.4	Form of Restricted Stock Agreement for Employees under the First Community
Corporation 2021 Omnibus Equity Incentive Plan
104	Cover Page Interactive Data File (embedded
within the Inline XBRL document).

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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: February 16, 2022