First Community Corp. Announces 2024 Annual Meeting of Shareholders on May 22
Ticker: FCCO · Form: DEF 14A · Filed: 2024-04-09T00:00:00.000Z
Sentiment: neutral
Topics: proxy statement, annual meeting, shareholder vote, executive compensation, director election
TL;DR
<b>First Community Corporation will hold its 2024 Annual Meeting of Shareholders on May 22, 2024, to elect directors, vote on executive compensation, and ratify independent auditors.</b>
AI Summary
FIRST COMMUNITY CORP /SC/ (FCCO) filed a Proxy Statement (DEF 14A) with the SEC on April 9, 2024. Annual Meeting of Shareholders scheduled for May 22, 2024, at 11:00 a.m. local time. Meeting to be held at principal executive office: 5455 Sunset Boulevard, Lexington, South Carolina 29072. Key agenda items include election of four director nominees and advisory vote on executive compensation. Shareholders of record as of March 15, 2024, are entitled to vote. Proxy materials will be furnished over the Internet, with a Notice of Internet Availability sent on or before April 12, 2024.
Why It Matters
For investors and stakeholders tracking FIRST COMMUNITY CORP /SC/, this filing contains several important signals. The meeting will cover crucial corporate governance matters, including director elections and executive pay, directly impacting shareholder oversight. The shift to internet-based proxy material distribution aims to reduce costs and environmental impact, reflecting modern corporate communication strategies.
Risk Assessment
Risk Level: low — FIRST COMMUNITY CORP /SC/ shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.
Analyst Insight
Shareholders should review the proxy materials to make informed decisions on director nominees and executive compensation.
Key Numbers
- May 22, 2024 — Annual Meeting Date (2024 Annual Meeting of Shareholders)
- 11:00 a.m. — Meeting Time (Annual Meeting of Shareholders)
- March 15, 2024 — Record Date (Shareholders owning shares of common stock at this date are entitled to vote)
- April 12, 2024 — Notice of Internet Availability Date (Anticipated first mailing date to shareholders)
- 4 — Director Nominees (Number of nominees to be elected as directors)
Key Players & Entities
- FIRST COMMUNITY CORP /SC/ (company) — Registrant
- First Community Bank (company) — holding company for
- Elliott Davis, LLC (company) — independent registered public accountants
- SEC (regulator) — U.S. Securities and Exchange Commission
- May 22, 2024 (date) — Annual Meeting of Shareholders
- March 15, 2024 (date) — record date for voting eligibility
- April 12, 2024 (date) — anticipated date for Notice of Internet Availability
- 5455 Sunset Boulevard, Lexington, South Carolina 29072 (location) — principal executive office
FAQ
When did FIRST COMMUNITY CORP /SC/ file this DEF 14A?
FIRST COMMUNITY CORP /SC/ filed this Proxy Statement (DEF 14A) with the SEC on April 9, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by FIRST COMMUNITY CORP /SC/ (FCCO).
Where can I read the original DEF 14A filing from FIRST COMMUNITY CORP /SC/?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by FIRST COMMUNITY CORP /SC/.
What are the key takeaways from FIRST COMMUNITY CORP /SC/'s DEF 14A?
FIRST COMMUNITY CORP /SC/ filed this DEF 14A on April 9, 2024. Key takeaways: Annual Meeting of Shareholders scheduled for May 22, 2024, at 11:00 a.m. local time.. Meeting to be held at principal executive office: 5455 Sunset Boulevard, Lexington, South Carolina 29072.. Key agenda items include election of four director nominees and advisory vote on executive compensation..
Is FIRST COMMUNITY CORP /SC/ a risky investment based on this filing?
Based on this DEF 14A, FIRST COMMUNITY CORP /SC/ presents a relatively low-risk profile. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.
What should investors do after reading FIRST COMMUNITY CORP /SC/'s DEF 14A?
Shareholders should review the proxy materials to make informed decisions on director nominees and executive compensation. The overall sentiment from this filing is neutral.
Risk Factors
- Proxy Statement Filing Requirements [low — regulatory]: The company must comply with SEC regulations for proxy statements, including disclosure of information regarding director nominees, executive compensation, and auditor ratification.
- Annual Meeting Logistics [low — operational]: Ensuring smooth execution of the annual meeting, including shareholder participation and proper conduct of voting, is crucial for corporate governance.
Key Dates
- 2024-05-22: Annual Meeting of Shareholders — Election of directors, advisory vote on executive compensation, ratification of auditors.
- 2024-03-15: Record Date — Determines shareholder eligibility to vote at the annual meeting.
- 2024-04-12: Anticipated mailing of Notice of Internet Availability of Proxy Materials — Informs shareholders how to access proxy materials online.
Glossary
- DEF 14A
- A definitive proxy statement filed with the SEC. (Provides detailed information to shareholders regarding matters to be voted on at an annual or special meeting.)
Filing Stats: 4,823 words · 19 min read · ~16 pages · Grade level 11.4 · Accepted 2024-04-09 11:51:40
Filing Documents
- e24162_fcco-def14a.htm (DEF 14A) — 620KB
- e24162001.jpg (GRAPHIC) — 4KB
- e24162005.jpg (GRAPHIC) — 2KB
- e24162006.jpg (GRAPHIC) — 3KB
- e24162002.jpg (GRAPHIC) — 65KB
- e24162003.jpg (GRAPHIC) — 66KB
- e24162004.jpg (GRAPHIC) — 10KB
- proxy_card-1.jpg (GRAPHIC) — 201KB
- proxy_card-2.jpg (GRAPHIC) — 287KB
- 0001552781-24-000224.txt ( ) — 1500KB
Business
Business Development Corporation Board of Directors and Executive Committee