First Community Corp 8-K, filed Dec 16, 2020
First Community Corp (FCCO)
About this 8-K
First Community Corp filed this 8-K on December 16, 2020, reporting on events of December 15, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported): December 16, 2020 (
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Effective December 15, 2020, the Board of Directors (the “Board”) of First Community Corporation (the “Company”) appointed Ray E. Jones to serve as a Board member until the Company’s next annual meeting of shareholders. The Board increased the size of the Board from 11 to 12 directors and appointed Mr. Jones as a director to fill the vacancy created by the increase. Mr. Jones was also appointed as a member of the Board of Directors of the Company’s wholly-owned banking subsidiary, First Community Bank.
The Board has not yet determined the committees to which Mr. Jones will be appointed, if any. Mr. Jones will participate in the current director compensation arrangements generally applicable to the Company’s non-employee directors as described in the Company’s Proxy Statement filed in connection with the 2020 Annual Meeting of Shareholders. There are no arrangements or understandings between Mr. Jones and other persons pursuant to which he was selected as a director. Mr. Jones has not engaged in any transaction with the Company or the Bank that would be reportable as a related party transaction under Item 404(a) of Regulation S-K.
A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description |
| 99.1 | Press Release dated December 16, 2020. |
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: December 16, 2020
 |
News Release |
| For Information: | |
| Robin Brown | |
| Executive Vice President | |
| (803) 951-0507 | |
| rbrown@firstcommunitysc.com |
Ray E. Jones Elected to First Community Board of Directors
December 16, 2020 (Lexington, SC) – First Community Corporation, headquartered in Lexington, South Carolina and the holding company of First Community Bank, is pleased to announce that Ray E. Jones, a Partner in the Columbia office of Parker Poe Adams & Bernstein LLP, Attorneys and Counselors at Law, has been named to its Board of Directors.
With more than 20 years of experience, Mr. Jones brings a wealth of knowledge of South Carolina businesses, local government, public finance, affordable housing and economic development and will be an invaluable asset.
“We are pleased to welcome Ray to the First Community team,” said Mike Crapps, President and CEO. “His experience and areas of expertise will add great value to so many important aspects of our business.”
In his role as Partner in the Columbia office of Parker Poe, Mr. Jones provides advice and counsel to a broad spectrum of clients in matters relating to public finance, local taxation, financing of affordable housing and economic development.
A native of Columbia, South Carolina, Mr. Jones attended the University of South Carolina where he received a Bachelor's in Finance, a Master’s in International Business Administration through the Darla Moore School of Business and a Juris Doctorate through the School of Law. He has since served on several boards and is the past Chairman of the Saluda Shoals Foundation.
“The board is extremely pleased to have Ray joining us,” said First Community Chairman of the Board, J. Thomas “Tommy” Johnson. “His extensive knowledge and diverse experience make him a wonderful addition, and I believe he will serve the company, our customers, our employees and our shareholders very well.”
First Community Bank, founded in 1995 and headquartered in Lexington, South Carolina, is a wholly owned subsidiary of First Community Corporation (NASDAQ: FCCO). First Community is a full-service commercial bank offering deposit and loan products and services, residential mortgage lending, and financial planning/investment advisory services for businesses and consumers. First Community serves customers in the Midlands, Aiken and Greenville, South Carolina, markets, as well as the Augusta, Georgia area. For more information on First Community Bank, visit www.firstcommunitysc.com.
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