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    Southern First Bancshares Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

    1/24/25 9:13:28 AM ET
    $SFST
    Major Banks
    Finance
    Get the next $SFST alert in real time by email
    false 0001090009 0001090009 2025-01-21 2025-01-21 0001090009 dei:FormerAddressMember 2025-01-21 2025-01-21 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, DC 20549

    FORM 8-K

    CURRENT REPORT PURSUANT

    TO SECTION 13 OR 15(D) OF THE

    SECURITIES EXCHANGE ACT OF 1934

    Date of report (Date of earliest event reported)     January 21, 2025           

                   Southern First Bancshares, Inc.                       

    (Exact name of registrant as specified in its charter)

                South Carolina             
    (State or other jurisdiction of incorporation)

     

                    000-27719                              58-2459561              
    (Commission File Number) (IRS Employer Identification No.)
     
    6 Verdae Boulevard, Greenville, SC                     29607                   
    (Address of principal executive offices) (Zip Code)

     

                       (864) 679-9000                
    (Registrant's telephone number, including area code)
     
        100 Verdae Boulevard, Suite 100, Greenville, SC     
    (Former name or former address, if changed since last report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

    ☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))

    ☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

    Title of each class Trading Symbol(s) Name of each exchange on which registered
    Common Stock SFST The Nasdaq Global Market

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ¨

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

     

     

    ITEM 5.02(e). COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

    On January 21, 2025, the Board of Directors of Southern First Bancshares, Inc. (the “Company”), approved an amendment to the Southern First Bancshares, Inc. 2020 Equity Incentive Plan (the “Plan”) to provide administrative requirements for the award of restricted stock units and to delegate administrative authority to certain executives to grant equity awards under the Plan. No other material changes were made to the Plan.

    A copy of the amendment to the Plan is attached as Exhibit 10.1 and a copy of the Form of Restricted Stock Unit Grant Notice is attached as Exhibit 10.2 to this report.

    ITEM 9.01.   Financial Statements and Exhibits

    (d)  Exhibits The following exhibit index lists the exhibits that are either filed or furnished with the Current Report on Form 8-K.
    Exhibit No.   Description
         
    10.1   Amendment to the Southern First Bancshares, Inc. 2020 Equity Incentive Plan.
         
    10.2   Form of Restricted Stock Unit Grant Notice
         
    104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

     

     

    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.

      SOUTHERN FIRST BANCSHARES, INC.
           
      By: /s/ Christian J. Zych  
      Name:       Christian J. Zych  
      Title:      Chief Financial Officer  

    January 24, 2025

     

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