FIRST COMMUNITY CORP /SC/ 8-K

What Happened

• First Community Corporation (FCCO) held its annual meeting on May 20, 2026. Of 9,366,626 shares outstanding, 6,262,567 shares were present in person or by proxy (≈66.86% turnout). Shareholders elected directors for Class I, II and III seats, approved an advisory “say-on-pay” vote, and ratified Elliott Davis, LLC as the independent registered public accounting firm for fiscal 2026.
• All nominated directors were elected: two Class I directors (terms expiring 2028), five Class II directors (terms expiring 2029) and two Class III directors (terms expiring 2027).

Key Details

• Meeting turnout: 6,262,567 shares voted, ~66.86% of 9,366,626 outstanding shares.
• Director vote examples: Thomas C. Brown received 4,838,274 votes for (80,220 withheld); Jonathan W. Been received 4,903,842 votes for (14,652 withheld). (All nominees listed in the filing were elected.)
• Say-on-pay (advisory): For 4,834,058; Against 71,049; Abstain 13,387; Broker non-vote 1,344,073.
• Auditor ratification: Elliott Davis, LLC ratified — For 6,161,156; Against 100,212; Abstain 1,199.

Why It Matters

• Board continuity: Electing the nominated directors maintains the company’s governance and strategic direction through the stated term expirations. Investors can view the election results as an affirmation of current board composition.
• Compensation approval and auditor ratification: The affirmative say-on-pay vote signals shareholder support for named executive officer compensation (non-binding), and ratifying Elliott Davis ensures continuity for financial reporting and audit oversight for FY2026. These outcomes affect corporate governance and investor confidence but do not directly change financial results.