secwatch.observer — SEC 8-K summary
======================================

Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001206774-23-000465
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677423000465/0001206774-23-000465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677423000465/southernfirst4182021-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-23-000465

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