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UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO
SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported):
May 7, 2026
First
Community Corporation
(Exact
name of registrant as specified in its charter)
South
Carolina
(State or other
jurisdiction of incorporation)
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000-28344 |
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57-1010751 |
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(Commission
File Number) |
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(IRS
Employer Identification No.) |
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5455
Sunset Blvd, Lexington, South Carolina |
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29072 |
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(Address
of principal executive offices) |
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(Zip
Code) |
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(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 Capital 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. ☐
Item 8.01 Other Events.
On May 7, 2026, First Community Corporation (the
“Company”), the holding company for First Community Bank, announced that its Board of Directors approved a plan to utilize
up to $7.5 million of capital to repurchase shares of the Company’s common stock, which represents approximately 3.4% of total
shareholders’ equity as of March 31, 2026.
Under the repurchase plan, the
Company may repurchase shares from time to time, through May 5, 2027, by means of, among other means, open market purchases and in solicited
and unsolicited privately negotiated transactions. The actual means and timing of any purchases, quantity of purchased shares and prices
will be, subject to certain limitations, at the discretion of management during such period, and will depend on a number of factors,
including the market price of the Company’s common stock, share issuances under Company equity plans, general market and economic
conditions, and applicable legal and regulatory requirements.
The Company’s management
believes the repurchase plan, depending upon market and business conditions, may, among other things, provide capital management opportunities
for the Company. The Company is not obligated to repurchase any such shares under the repurchase plan. Through May 5, 2027, the repurchase
plan may be discontinued, suspended or restarted at any time.
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.
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FIRST
COMMUNITY CORPORATION |
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By: |
/s/
D. Shawn Jordan
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Name: |
D.
Shawn Jordan
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Title: |
Chief
Financial Officer |
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Dated: May 7, 2026
