First Community Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.07 Submission of Matters to a Vote of Security Holders.
The annual meeting of shareholders (the “Annual Meeting”) of First Community Corporation (the “Corporation”) was held on May 22, 2024 at 11:00 a.m. at the Corporation’s principal executive office located at 5455 Sunset Boulevard, Lexington, South Carolina 29072. Of the 7,629,005 shares of the Corporation’s common stock outstanding as of the record date of the Annual Meeting, there were present in person or by proxy 5,898,371 shares, representing approximately 77.31% of the total outstanding eligible votes. At the Annual Meeting, the shareholders of the Corporation: (1) elected four Class III members to the Corporation’s Board of Directors to serve a term expiring in 2027; (2) approved an advisory resolution to approve the compensation of the Corporation’s named executive officers; and (3) ratified the appointment of Elliott Davis, LLC as the Corporation’s independent registered public accountants for the fiscal year ending December 31, 2024.
The final results of voting on each of the matters submitted to a vote of shareholders during the Annual Meeting are as follows:
1. To elect four Class III members of the Board of Directors to serve a three-year term expiring at the 2027 annual meeting of shareholders or until their respective successors are duly elected and qualified:
| Class III: | For | Withheld | Broker Non-Vote |
| C. Jimmy Chao | 4,272,427 | 390,082 | 1,235,862 |
| Ray E. Jones | 4,497,071 | 165,438 | 1,235,862 |
| E. Leland Reynolds | 4,486,210 | 176,299 | 1,235,862 |
| Alexander Snipe, Jr. | 4,147,116 | 515,393 | 1,235,862 |
The other directors that continued in office after the Annual Meeting are as follows:
| Class I: | Class II: |
| Michael C. Crapps | Thomas C. Brown |
| Jan H. Hollar | W. James Kitchens, Jr. |
| Mickey E. Layden | Roderick M. Todd, Jr. |
| Jane S. Sosebee |
2. 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 |
| 4,497,016 | 150,124 | 15,369 | 1,235,862 |
3. To ratify the appointment of Elliott Davis, LLC as the Corporation’s independent registered public accountants for the fiscal year ending December 31, 2024:
| For | Against | Abstain |
| 5,699,522 | 198,670 | 179 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIRST COMMUNITY CORPORATION | |||
| By: | /s/ D. Shawn Jordan |
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| Name: | D. Shawn Jordan |
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| Title: | Chief Financial Officer | ||
Dated: May 23, 2024