Southern First Bancshares names D. Andrew Borrmann as CFO; salary $310k, term through Jan 2025

SOUTHERN FIRST BANCSHARES INC

D. Andrew Borrmann, 52, named Executive VP and CFO of Southern First Bank, effective March 29, 2023.
Prior role: CFO and Chief Strategy Officer at Colony Bank, previously CFO of SouthCrest Bank.
Employment agreement: annual salary of $310,000, term ending January 31, 2025.
Severance: 12 months of salary if terminated without cause or for good reason after change in control.
No family relationships or reportable related-party transactions with existing officers or directors.

item 5.02 item 9.01

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Appointed

D. Andrew Borrmann

Chief Financial Officer

SFST · SOUTHERN FIRST BANCSHARES INC

Effective: 2023-03-29
Filed: April 3, 2023, 7:59 PM ET

On April 3, 2023, Southern First Bancshares, Inc. (the “Company”), announced that D. Andrew Borrmann, 52, has been named Chief Financial Officer of the Company’s wholly owned subsidiary, Southern First Bank (the “Bank”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

D. Andrew Borrmann was named as Chief Financial Officer at SOUTHERN FIRST BANCSHARES INC.

Action: named
Role: Chief Financial Officer

Exact text from the filing

On April 3, 2023, Southern First Bancshares, Inc. (the “Company”), announced that D. Andrew Borrmann, 52, has been named Chief Financial Officer of the Company’s wholly owned subsidiary, Southern First Bank (the “Bank”).

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Source: SEC EDGAR

accession 0001206774-23-000465

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