{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-26-000289","form_type":"8-K","ticker":"SFST","cik":"0001090009","company_name":"SOUTHERN FIRST BANCSHARES INC","filed_at":"2026-05-20T18:50:47+00:00","discovered_at":"2026-05-20T18:52:00.421580+00:00","generated_at":"2026-05-20T18:53:03.364340+00:00","sec_items":["5.07","7.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Southern First Q1 net income $9.9M (EPS $1.19), up 88% YoY; completes $65M stock offering","bullets":["Q1 2026 net income $9.9M, diluted EPS $1.19, up 88% and 83% YoY; NIM expanded 47bps to 2.88%.","Completed $65M common stock offering to support growth; will redeem remaining $11.5M subordinated debt.","Total loans grew $97M (10% ann. linked-qtr); deposits grew $208M (27% ann.); NPAs low at 0.26%.","Shareholders elected 16 directors, approved say-on-pay, and ratified Elliott Davis as auditor.","Plans to open new Cary, NC office in 2026; added three new directors; named Forbes Best Bank 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-26-000289","json":"https://secwatch.observer/filing/0001206774-26-000289.json","markdown":"https://secwatch.observer/filing/0001206774-26-000289.md","text":"https://secwatch.observer/filing/0001206774-26-000289.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000289/0001206774-26-000289-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000289/sfst4641091-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T18:53:03.364340+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d17577f8f4901146ace28cc95fa8fa050ce45a8","claim":"SOUTHERN FIRST BANCSHARES INC shareholders approved Election of 16 members to the board of directors to serve a one-year term. at the 2026-05-19 meeting.","evidence_excerpt":"1. the election of 16 members to our board of directors to serve a one-year term; 2. the non-binding resolution on our executive compensation policies and procedures; and 3. the ratification of the appointment of Elliott Davis, LLC as our independent public accountant for the year ending December 31, 2026. The following is a summary of the voting results for each matter presented to the shareholders: 1. Election of Directors Director’s Name Votes For Votes Withheld Broker Non- Votes Andrew B. Cajka 6,525,002 101,372 883,789 Jennifer S. Cluverius 6,612,256 14,118 883,789 Mark A. Cothran 6,601,342 25,032 883,789 Leighton M. Cubbage 6,538,966 87,408 883,789 Anne S. Ellefson 6,533,250 93,124 883,789 David G. Ellison 6,601,342 25,032 883,789 Darrin Goss, Sr. 6,612,228 14,146 883,789 Terry Grayson-Caprio 6,466,009 160,365 883,789 Tecumseh Hooper, Jr. 6,526,317 100,057 883,789 Rudolph G. Johnstone, III, M.D. 6,537,101 89,273 883,789 Ray A. Lattimore 5,771,553 854,821 883,789 Anna T. Locke 6,6","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000289/0001206774-26-000289-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2026-05-19"}],"fact_type":"shareholder_vote"},{"claim_id":"22a282451d7ac466004e173085e1f272b888ec61","claim":"SOUTHERN FIRST BANCSHARES INC shareholders approved Ratification of the appointment of Elliott Davis, LLC as independent public accountant for the year ending December 31, 2026. at the 2026-05-19 meeting.","evidence_excerpt":"3. the ratification of the appointment of Elliott Davis, LLC as our independent public accountant for the year ending December 31, 2026. The following is a summary of the voting results for each matter presented to the shareholders: 1. Election of Directors Director’s Name Votes For Votes Withheld Broker Non- Votes Andrew B. Cajka 6,525,002 101,372 883,789 Jennifer S. Cluverius 6,612,256 14,118 883,789 Mark A. Cothran 6,601,342 25,032 883,789 Leighton M. Cubbage 6,538,966 87,408 883,789 Anne S. Ellefson 6,533,250 93,124 883,789 David G. Ellison 6,601,342 25,032 883,789 Darrin Goss, Sr. 6,612,228 14,146 883,789 Terry Grayson-Caprio 6,466,009 160,365 883,789 Tecumseh Hooper, Jr. 6,526,317 100,057 883,789 Rudolph G. Johnstone, III, M.D. 6,537,101 89,273 883,789 Ray A. Lattimore 5,771,553 854,821 883,789 Anna T. Locke 6,617,146 9,228 883,789 William A. Maner, IV 6,612,206 14,168 883,789 Billy McClatchey 6,612,667 13,707 883,789 James B. Orders, III 6,495,875 130,499 883,789 R. Arthur Seave","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000289/0001206774-26-000289-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2026-05-19"}],"fact_type":"shareholder_vote"},{"claim_id":"879f2c8f9bf9462861646d6900949a6836294203","claim":"SOUTHERN FIRST BANCSHARES INC shareholders approved Non-binding resolution on executive compensation policies and procedures. at the 2026-05-19 meeting.","evidence_excerpt":"2. the non-binding resolution on our executive compensation policies and procedures; and 3. the ratification of the appointment of Elliott Davis, LLC as our independent public accountant for the year ending December 31, 2026. The following is a summary of the voting results for each matter presented to the shareholders: 1. Election of Directors Director’s Name Votes For Votes Withheld Broker Non- Votes Andrew B. Cajka 6,525,002 101,372 883,789 Jennifer S. Cluverius 6,612,256 14,118 883,789 Mark A. Cothran 6,601,342 25,032 883,789 Leighton M. Cubbage 6,538,966 87,408 883,789 Anne S. Ellefson 6,533,250 93,124 883,789 David G. Ellison 6,601,342 25,032 883,789 Darrin Goss, Sr. 6,612,228 14,146 883,789 Terry Grayson-Caprio 6,466,009 160,365 883,789 Tecumseh Hooper, Jr. 6,526,317 100,057 883,789 Rudolph G. Johnstone, III, M.D. 6,537,101 89,273 883,789 Ray A. Lattimore 5,771,553 854,821 883,789 Anna T. Locke 6,617,146 9,228 883,789 William A. Maner, IV 6,612,206 14,168 883,789 Billy McClatche","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677426000289/0001206774-26-000289-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2026-05-19"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}