First Community (NASDAQ: FCCO) investors approve board slate, say-on-pay and auditor

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

First Community Corporation held its annual shareholder meeting, where investors elected a full slate of Class I, II, and III directors, approved executive pay on an advisory basis, and ratified the external auditor.

Shareholders representing 6,262,567 of 9,366,626 eligible shares, or about 66.86% of the vote, were present in person or by proxy. All nominated directors received strong support, with individual “for” votes generally around 4.8–4.9 million and relatively few votes withheld. The non-binding “say‑on‑pay” resolution passed with 4,834,058 votes in favor versus 71,049 against, and Elliott Davis, LLC was ratified as independent registered public accounting firm with 6,161,156 votes for and minimal opposition.

8-K Event Classification

2 items: 5.07, 9.01

2 items

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Shares outstanding: 9,366,626 shares Shares represented: 6,262,567 shares Say-on-pay support: 4,834,058 for vs. 71,049 against +3 more

6 metrics

Shares outstanding 9,366,626 shares Common stock outstanding as of record date

Shares represented 6,262,567 shares Present in person or by proxy, about 66.86% of votes

Say-on-pay support 4,834,058 for vs. 71,049 against Advisory vote on named executive officer compensation

Auditor ratification votes 6,161,156 for, 100,212 against Ratification of Elliott Davis, LLC for 2026

Director example vote 4,903,842 for Votes for Class III director Jonathan W. Been

Broker non-votes on directors 1,344,073 shares Broker non-votes on each director election item

Key Terms

Emerging growth company, broker non-vote, say-on-pay, independent registered public accounting firm, +1 more

5 terms

Emerging growth company regulatory

"Emerging growth company Item 5.07 Submission of Matters to a Vote of Security Holders."

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

broker non-vote financial

"Class I: | For | Withheld | Broker Non-Vote Thomas C. Brown | 4,838,274 | 80,220 | 1,344,073"

say-on-pay financial

"A non-binding, advisory vote, to approve the compensation of the Corporation’s named executive officers (the “say-on-pay” vote)"

A say-on-pay is a shareholder vote that gives investors a chance to approve or disapprove a company’s executive compensation packages, typically held at annual meetings. It matters because the vote signals investor satisfaction with how leaders are paid—like customers rating how well managers are rewarded—and can push boards to change pay plans, reducing governance risk and affecting investor confidence and stock value even though the vote is usually advisory rather than legally binding.

independent registered public accounting firm financial

"ratified the appointment of Elliott Davis, LLC as the Corporation’s independent registered public accounting firm"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

advisory resolution financial

"approved an advisory resolution regarding the compensation of the Corporation’s named executive officers"

An advisory resolution is a non-binding vote by shareholders that expresses their opinion on a specific corporate matter, such as executive pay or a governance policy. It matters to investors because, like a public survey, it signals shareholder sentiment to the board and management; even though it does not force action, a strong vote for or against can prompt changes, affect company reputation, and influence future decisions that impact shareholder value.

Understanding 8-K Material Events →

05/21/2026 - 02:08 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): May 20, 2026

First Community Corporation

(Exact name of registrant as specified in its charter)

South Carolina

(State or other jurisdiction of incorporation)


	000-28344		57-1010751
	(Commission File Number)		(IRS Employer Identification No.)

	5455 Sunset Blvd., Lexington, South Carolina		29072
	(Address of principal executive offices)		(Zip Code)

(803) 951-2265

(Registrant’s telephone number, including area code)

Not Applicable

(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 (17 CFR 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 exchange on which registered
Common stock, par value $1.00 per share	FCCO	The Nasdaq Capital 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 5.07 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 20, 2026 at 11:00 a.m. at the Corporation’s principal executive office located at 5455 Sunset Blvd., Lexington, South Carolina 29072. Of the 9,366,626 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 6,262,567 shares, representing approximately 66.86% of the total outstanding eligible votes. At the Annual Meeting, the shareholders of the Corporation: (1) elected two Class I members to the Corporation’s Board of Directors to serve a term expiring in 2028, five Class II members to the Corporation’s Board of Directors to serve a term expiring in 2029, and two Class III members to the Corporation’s Board of Directors to serve a term expiring in 2027; (2) approved an advisory resolution regarding 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 accounting firm for the fiscal year ending December 31, 2026.

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 two Class I members of the Board of Directors to serve a two-year term expiring at the 2028 annual meeting of shareholders or until their respective successors are duly elected and qualified:

Class I:	For	Withheld	Broker Non-Vote
Thomas C. Brown	4,838,274	80,220	1,344,073
Roderick M. Todd, Jr.	4,605,324	313,170	1,344,073

To elect five Class II members of the Board of Directors to serve a three-year term expiring at the 2029 annual meeting of shareholders or until their respective successors are duly elected and qualified:

Class II:	For	Withheld	Broker Non-Vote
C. Jimmy Chao	4,802,479	116,015	1,344,073
Michael C. Crapps	4,883,793	34,701	1,344,073
Fred J. Deutsch	4,877,437	41,057	1,344,073
Jan H. Hollar	4,898,334	20,160	1,344,073
W. James Kitchens, Jr.	4,843,609	74,885	1,344,073

To elect two Class III members of the Board of Directors to serve a one-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
Jonathan W. Been	4,903,842	14,652	1,344,073
J. Ted Nissen	4,869,941	48,553	1,344,073

The other directors that continued in office after the Annual Meeting are as follows:

Class I:	Class III:
Mickey E. Layden	Ray E. Jones
E. Leland Reynolds	Jane S. Sosebee
	Alexander Snipe, Jr.

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
4,834,058	71,049	13,387	1,344,073

3. To ratify the appointment of Elliott Davis, LLC as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2026:

For	Against	Abstain	Broker Non-Vote
6,161,156	100,212	1,199	0

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Item

Exhibits

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.

	FIRST COMMUNITY CORPORATION

	By:	/s/ D. Shawn Jordan
	Name:	D. Shawn Jordan
	Title:	Chief Financial Officer

Dated: May 21, 2026

Source: View Original Filing on SEC EDGAR

FAQ

What did First Community Corporation (FCCO) shareholders vote on at the 2026 annual meeting?

Shareholders elected Class I, II, and III directors, approved an advisory "say-on-pay" resolution on executive compensation, and ratified Elliott Davis, LLC as independent registered public accounting firm for the fiscal year ending December 31, 2026.

What was the shareholder turnout for First Community Corporation (FCCO)’s 2026 annual meeting?

Turnout was strong, with 6,262,567 shares present in person or by proxy, representing approximately 66.86% of the 9,366,626 shares of common stock outstanding as of the record date for the annual meeting.

How did First Community Corporation (FCCO) shareholders vote on executive compensation?

Shareholders approved the non-binding "say-on-pay" advisory vote, with 4,834,058 votes for, 71,049 against, and 13,387 abstentions, plus 1,344,073 broker non-votes, indicating broad support for the company’s named executive officer compensation program.

Which audit firm did First Community Corporation (FCCO) shareholders ratify for 2026?

Shareholders ratified Elliott Davis, LLC as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 6,161,156 votes for, 100,212 against, and 1,199 abstentions, and no broker non-votes recorded on this proposal.

Were all First Community Corporation (FCCO) director nominees elected at the 2026 meeting?

Yes. All Class I, II, and III director nominees received sufficient votes. Individual nominees generally received between about 4.6 million and 4.9 million "for" votes, with relatively few votes withheld and 1,344,073 broker non-votes reported on each director proposal.

Filing Exhibits & Attachments

3 documents