FCCO 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

(Amendment No. 1)

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 8, 2024

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 Stock 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. ☐

Explanatory Note

On April 8, 2024, First Community Corporation (the “Company”) filed a Current Report on Form 8-K (the “Original Report”) reporting the planned retirement of Tanya A. Butts as Chief Operations and Risk Officer of the Company and First Community Bank (the “Bank”) effective December 31, 2024. This Amendment No. 1 on Form 8-K/A is being filed to confirm that Ms. Butts has retired from the roles of Chief Operations and Risk Officer of the Company and the Bank and will continue as Executive Vice President and Senior Advisor through the first quarter of 2025 to insure a smooth transition for her successor, Sarah Donley. The information previously reported in the Original Report is incorporated herein by reference.

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Company and the Bank previously announced on April 8, 2024 in the Original Report, that (i) Tanya A. Butts, Chief Operations and Risk Officer for the Company and the Bank, and a named executive officer for the Company’s 2023 fiscal year, would be retiring from the Company and the Bank effective December 31, 2024 and (ii) the search for her successor was in process.

As an update to the Original Report, Ms. Butts has retired from the roles of Chief Operations and Risk Officer of the Company and the Bank effective December 31, 2024 and will continue as Executive Vice President and Senior Advisor through the first quarter of 2025 to insure a smooth transition for her successor, Sarah Donley.

Item 8.01.

Other Events.

On January 3, 2025, the Company issued a press release announcing that Sarah Donley has joined the Company’s executive leadership team as the Chief Operations and Risk Officer of the Company and the Bank. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

Item		Exhibit List

99.1		Press Release, dated January 3, 2025.
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: January 3, 2025

Exhibit 99.1

	*News Release*
	*For Release January 3, 2025*
	*For Immediate Release*

	Contact: (803) 951- 2265
	Robin D. Brown, EVP & Chief Marketing Officer

First Community Names Donley to Executive Leadership Position

January 3, 2025 (Lexington, S.C.) – First Community announced today that Sarah Donley has been named Executive Vice President and Chief Operations & Risk Officer. Ms. Donley succeeds retiring Tanya Butts who has served in this role since 2016.

Ms. Donley joined First Community in 1997 and most recently served as Controller. As Chief Operations and Risk Officer, Donley will be responsible for electronic banking, deposit operations, loan operations, IT, information security, vendor management, audit, compliance, financial crimes (CFT/AML), fraud, facilities, and physical security.

With more than 35 years of banking experience, including twenty-seven of those with First Community Bank, Donley is well prepared to lead these important areas. Her institutional knowledge, including her work with these areas of responsibility during her tenure, gives her a strong base of knowledge for her new role.

A native of Moorestown, New Jersey, Donley earned a Bachelor Arts in Economics with a minor in Business Administration and Psychology from Wittenberg University and is a CPA. Donley is also a graduate of the First Community Bank Leadership Institute. Donley has served as a volunteer or financial supporter of local organizations including Midlands Reading Consortium, Sole Stepping, and Palmetto Place.

First Community Bank President and CEO, Ted Nissen, commented, “Sarah has been an integral part of our team since joining our bank in 1997 and we are excited about the contributions that she will continue to make as a member of our Executive Leadership Team. Throughout her tenure with the bank, she has been involved with the areas that she will now lead as COO/CRO. Her passion for and dedication to our Company along with her 27 years of institutional knowledge have well prepared her for this important role. I’d also like to thank Tanya for her many contributions to First Community these past 8 years and note that she will continue as Executive Vice President and Senior Advisor through the first quarter of 2025 to insure a smooth transition.”

About First Community Bank

First Community Bank 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, Upstate and Piedmont regions of South Carolina as well as Augusta, Georgia. For more information, visit www.firstcommunitysc.com.

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