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

Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001206774-24-000549
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chris Zych appointed CFO of Southern First Bank; exec comp amended
------------------------------------------------------------------

- Chris Zych, 53, named EVP & CFO of Southern First Bank; 30 yrs banking experience, previously at United Community Bank.
- Employment agreement: $310,000 annual salary, term through Jan 31, 2026, with severance provisions.
- Amendments to agreements for President Calvin Hurst and CRO William Aiken revising severance terms for change in control.
- Severance: monthly payments equal to one-sixth of base salary for 12 months upon qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677424000549/0001206774-24-000549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677424000549/sfst4332511_8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-24-000549

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