secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF SOUTH CAROLINA CORP (BKSC)
CIK:        0001007273
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000950170-23-001216
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of South Carolina CEO Hassell to retire Sept 30, 2023; CFO Walpole to succeed
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- Fleetwood S. Hassell to retire as President & CEO of Company and Bank effective September 30, 2023; he joined in 1986 and became CEO in 2012.
- Eugene H. Walpole, IV, current Executive VP & CFO, will become President & CEO on October 1, 2023.
- Walpole has been with the Bank since 2012, serving as CFO since 2016; he will continue as CFO until a successor is named.
- Hassell will remain on the Board of Directors of both the Company and the Bank after retirement.
- Retirement is part of a planned succession; no disagreement with the Company's operations or policies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023001216/0000950170-23-001216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023001216/bksc-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001216

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