---
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"
generated_at: "2026-06-01T00:22:08.541051+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# J. Ted Nissen becomes Bank CEO; enters amended employment agreement with $425K base salary

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000388
- JSON: https://secwatch.observer/filing/0001552781-24-000388.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000388.txt

## Key facts
- Executive change
  J. Ted Nissen was appointed as Director at FIRST COMMUNITY CORP /SC/.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/932781/000155278124000388/0001552781-24-000388-index.htm
- Executive change
  J. Ted Nissen was appointed as Chief Executive Officer at FIRST COMMUNITY CORP /SC/.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: J. Ted Nissen will become Chief Executive Officer of the Bank
  evidence_url: https://www.sec.gov/Archives/edgar/data/932781/000155278124000388/0001552781-24-000388-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.