secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF SOUTH CAROLINA CORP (BKSC)
CIK:        0001007273
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0000950170-23-024121
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of South Carolina authorizes $2M share repurchase program through May 2026
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- New program authorizes repurchase of up to $2.0 million of common stock through May 2026.
- Replaces prior $1.0 million program that expired March 2021 with $401,710.55 purchased.
- Repurchases may be open market or private transactions; no obligation to buy any shares.
- CEO Hassell says program provides flexibility to create shareholder value alongside dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023024121/0000950170-23-024121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007273/000095017023024121/bksc-20230525.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-024121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer