---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-26-000507"
form_type: "8-K"
ticker: "FCCO"
cik: "0000932781"
company_name: "FIRST COMMUNITY CORP /SC/"
filed_at: "2026-10-02T13:00:16+00:00"
generated_at: "2026-10-12T14:32:40.369378+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# First Community signs consulting deal with retiring EVP J. Ted Nissen at up to $40K/month

## Summary
- First Community Bank entered a Consulting Agreement with J. Ted Nissen effective January 1, 2027, after his December 31, 2026 retirement as EVP/Chief Banking Officer and Bank CEO.
- Nissen will be paid $40,000 per month for January-March 2027 and $15,000 per month for April through December 2027, payable on the 15th beginning January 15, 2027.
- Term runs to the earliest of December 31, 2027, death, or disability; lump-sum payment of earned but unpaid amounts due within 60 days of death or disability termination.
- He reports to the Bank's CEO, works with the Company's President and CEO, and is expected to work as needed Jan-Mar 2027 then 16 hours or less per week Apr-Dec 2027.
- As an independent contractor he is excluded from employee benefit plans; non-compete, non-solicit and non-recruitment covenants extend 12 months past termination, per his amended employment agreement.

## SEC filing metadata
- accession: 0001552781-26-000507
- form_type: 8-K
- ticker: FCCO
- cik: 0000932781
- company_name: FIRST COMMUNITY CORP /SC/
- filed_at: 2026-10-02T13:00:16+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/932781/000155278126000507/0001552781-26-000507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/932781/000155278126000507/e26403_fcco-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-26-000507
- JSON: https://secwatch.observer/filing/0001552781-26-000507.json
- Plain text: https://secwatch.observer/filing/0001552781-26-000507.txt

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