8-K
filed May 18, 2023, 7:59 PM ET
ticker FCCO
CIK 0000932781
other material
confidence high
sentiment neutral
materiality 0.25
First Community Corporation amends director retirement age to 74; annual meeting results reported
FIRST COMMUNITY CORP /SC/
- Board raised mandatory retirement age for directors from 72 to 74, effective immediately.
- Shareholders elected four Class II directors (Brown, Kitchens, Tarver, Todd) to three-year terms.
- Advisory say-on-pay proposal passed with 3,854,794 for, 366,482 against, 18,539 abstain.
- Ratification of Elliott Davis as auditor approved with 5,488,281 for, 171,587 against.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
FIRST COMMUNITY CORP /SC/: Increased mandatory retirement age for directors from 72 to 74 and removed a qualifying provision that was no longer applicable (effective 2023-05-16).
- Change
- bylaw amendment
- Effective
- 2023-05-16
Exact text from the filing
On May 16, 2023, the Board of Directors (the “Board”) of First Community Corporation (the “Corporation”) approved the Amended and Restated Bylaws attached hereto as Exhibit 3.1. The Amended and Restated Bylaws became effective upon the Board’s approval, and included an amendment to Article 3, Section 6 in order to increase the mandatory retirement age for directors of the Corporation from seventy-two (72) to seventy-four (74) and to delete a qualifying provision that was no longer applicable to any directors of the Corporation.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
FIRST COMMUNITY CORP /SC/ shareholders approved Non-binding advisory vote to approve the compensation of the Corporation's named executive officers. at the 2023-05-17 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
A non-binding, advisory vote, to approve the compensation of the Corporation’s named executive officers (the “say-on-pay” vote): For Against Abstain Broker Non-Vote 3,854,794 366,482 18,539 1,420,153
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
FIRST COMMUNITY CORP /SC/ shareholders approved Election of four Class II members of the Board of Directors to serve a three-year term expiring at the 2026 annual meeting of shareholders. at the 2023-05-17 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
To elect four Class II members of the Board of Directors to serve a three-year term expiring at the 2026 annual meeting of shareholders or until their respective successors are duly elected and qualified: Class II: For Withheld Broker Non-Vote Thomas C. Brown 3,855,521 384,294 1,420,153 W. James Kitchens, Jr. 3,866,730 373,085 1,420,153 Edward J. Tarver 4,116,115 123,700 1,420,153 Roderick M. Todd, Jr. 3,787,326 452,489 1,420,153
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
FIRST COMMUNITY CORP /SC/ shareholders approved Ratification of the appointment of Elliott Davis, LLC as the Corporation's independent registered public accountants for the fiscal year ending December 31, 2023. at the 2023-05-17 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
To ratify the appointment of Elliott Davis, LLC as the Corporation’s independent registered public accountants for the fiscal year ending December 31, 2023: For Against Abstain 5,488,281 171,587 100
View on SEC.gov
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