secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2025-06-18T23:59:59+00:00
Accession:  0001206774-25-000420
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern First Bancshares authorizes up to $5M share repurchase (approx. 2% of common stock)
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- Board authorized repurchase of up to $5 million in common stock, representing about 2% of outstanding shares.
- Repurchases may occur via open market or private transactions, subject to market conditions and management discretion.
- Program can be suspended or discontinued anytime; repurchases after March 22, 2026 require additional board and Fed approval.
- Company is not obligated to repurchase any shares under the plan; flexibility preserved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677425000420/0001206774-25-000420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677425000420/sfst4500601-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-25-000420

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