---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-23-000465"
form_type: "8-K"
ticker: "SFST"
cik: "0001090009"
company_name: "SOUTHERN FIRST BANCSHARES INC"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T06:47:00.152858+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001206774-23-000465
- form_type: 8-K
- ticker: SFST
- cik: 0001090009
- company_name: SOUTHERN FIRST BANCSHARES INC
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090009/000120677423000465/0001206774-23-000465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090009/000120677423000465/southernfirst4182021-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-23-000465
- JSON: https://secwatch.observer/filing/0001206774-23-000465.json
- Plain text: https://secwatch.observer/filing/0001206774-23-000465.txt

## Key facts
- Executive change
  D. Andrew Borrmann was named as Chief Financial Officer at SOUTHERN FIRST BANCSHARES INC.
  - Action: named
  - Role: Chief Financial Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090009/000120677423000465/0001206774-23-000465-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.