Southern First Bancshares Files 8-K

Ticker: SFST · Form: 8-K · Filed: May 21, 2024 · CIK: 1090009

Sentiment: neutral

Topics: corporate-action, disclosure

Related Tickers: SFST

TL;DR

SFST filed an 8-K on May 21st regarding shareholder votes and Reg FD.

AI Summary

Southern First Bancshares, Inc. filed an 8-K on May 21, 2024, reporting on matters submitted to a vote of security holders and providing a Regulation FD disclosure. The filing does not contain specific financial figures or details about the vote.

Why It Matters

This filing indicates that Southern First Bancshares, Inc. has submitted matters for a vote by its security holders and is complying with disclosure regulations.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate actions and does not present immediate financial risks.

Key Players & Entities

FAQ

What specific matters were submitted to a vote of Southern First Bancshares, Inc. security holders?

The filing indicates that matters were submitted to a vote, but does not specify what those matters were.

When was the 8-K report filed?

The 8-K report was filed on May 21, 2024.

What is the ticker symbol for Southern First Bancshares, Inc.?

The ticker symbol is not explicitly stated in the provided text, but the filing is for Southern First Bancshares, Inc.

What is the primary business of Southern First Bancshares, Inc.?

Southern First Bancshares, Inc. is classified under NATIONAL COMMERCIAL BANKS [6021].

What is the company's state of incorporation?

The company is incorporated in South Carolina (SC).

Filing Stats: 875 words · 4 min read · ~3 pages · Grade level 9.3 · Accepted 2024-05-21 16:20:00

Filing Documents

07. Submission

ITEM 5.07. Submission of Matters to a Vote of Security Holders. On May 21, 2024, of the 8,156,109 shares of common stock outstanding and entitled to vote at the 2024 Annual Shareholders' Meeting, 7,236,350 shares (88.72%) were present in person or by proxy, and the following matters were voted upon and approved by our shareholders at the 2024 Annual Shareholders' Meeting: 1. the election of four members to our board of directors to serve a one-year term; 2. the amendment to the Articles of Incorporation to increase the number of authorized shares of common stock to 20,000,000; 3. the amendment to the Southern First Bancshares, Inc. 2020 Equity Incentive Plan to extend its term for an additional three years; 4. the non-binding resolution on our executive compensation policies and procedures; and 5. the ratification of the appointment of Elliott Davis, LLC as our independent public accountant. The following is a summary of the voting results for each matter presented to the shareholders: 1. Election of Directors Director's Name Votes For Votes Withheld Broker Non-Votes Mark A. Cothran 5,913,146 500,149 823,055 Rudolph G. Johnstone, III, M.D. 4,731,316 1,681,979 823,055 R. Arthur Seaver, Jr. 6,209,128 204,167 823,055 Anna T. Locke 6,233,488 179,807 823,055 The following individuals continue to serve as directors until our Annual Meeting in the year indicated: Directors Whose Terms Will Expire in 2025 Mark A. Cothran Leighton M. Cubbage David G. Ellison Terry Grayson-Caprio Rudolph G. Johnstone, III, M.D. Anna T. Locke James B. Orders, III R. Arthur Seaver, Jr. Directors Whose Terms Will Expire in 2026 Andrew B. Cajka Anne S. Ellefson Tecumseh Hooper, Jr. Ray A. Lattimore William A. Maner, IV 2. Approval of Amendment to the Articles of Incorporation Votes For Votes Against Votes Abstained Broker Non-Votes 5,442,831 967,774 2,690 823,055 3. Approval of Southern F

01. Regulation

ITEM 7.01. Regulation FD Disclosure. On May 21, 2024, the Company made available the presentation ("Presentation") prepared for the Company's Annual Shareholders' meeting. Attached hereto and incorporated herein as Exhibit 99.1 is the text of that Presentation. The information contained in this Item 7.01 of this Current Report, including the information set forth in the Presentation filed as Exhibit 99.1 to, and incorporated in, this Current Report, is being "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. EXHIBIT INDEX Exhibit No. Description 99.1 Presentation for Southern First Bancshares, Inc. Annual Shareholders' Meeting 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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. SOUTHERN FIRST BANCSHARES, INC. By: /s/ Christian J. Zych Name: Christian J. Zych Title: Chief Financial Officer May 21, 2024

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