{"schema_version":"secwatch.filing_event.v1","accession":"0001552781-24-000388","form_type":"8-K","ticker":"FCCO","cik":"0000932781","company_name":"FIRST COMMUNITY CORP /SC/","filed_at":"2024-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.421790+00:00","generated_at":"2026-06-01T00:22:08.541051+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"J. Ted Nissen becomes Bank CEO; enters amended employment agreement with $425K base salary","bullets":["Effective July 1, 2024, Nissen appointed CEO of First Community Bank, retains President and Executive VP roles.","Amended employment agreement includes $425,000 annual salary, 3-year rolling term, and eligibility for equity and cash bonuses.","Severance upon termination without cause: 2 months' salary lump sum plus 22 monthly payments of full base salary.","Change-in-control severance: 3x annual salary lump sum, COBRA subsidy for 6 months, and full vesting of equity awards.","Non-solicitation and non-compete covenants extend 24 months post-employment."],"urls":{"canonical":"https://secwatch.observer/filing/0001552781-24-000388","json":"https://secwatch.observer/filing/0001552781-24-000388.json","markdown":"https://secwatch.observer/filing/0001552781-24-000388.md","text":"https://secwatch.observer/filing/0001552781-24-000388.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/932781/000155278124000388/0001552781-24-000388-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/932781/000155278124000388/e24295_fcco-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T00:22:08.541051+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":"5bdc9204e5","claim":"J. Ted Nissen was appointed as Director at FIRST COMMUNITY CORP /SC/.","evidence_excerpt":"the board of directors of each of the Company and the Bank will expand to 13 directors and appoint Mr. Nissen as a director of the Company and the Bank","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/932781/000155278124000388/0001552781-24-000388-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7f2c84f1bc","claim":"J. Ted Nissen was appointed as Chief Executive Officer at FIRST COMMUNITY CORP /SC/.","evidence_excerpt":"J. Ted Nissen will become Chief Executive Officer of the Bank","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/932781/000155278124000388/0001552781-24-000388-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}