[SCHEDULE 13G] First Community Corp SEC Filing
Fourthstone and related entities report a disclosed, passive stake in First Community Corporation (FCCO). The filing shows 559,185 shares beneficially owned by Fourthstone LLC and related reporting persons, representing 7.28% of the class based on 7,681,601 shares outstanding per the issuer's disclosure. The holding is recorded as shared voting and dispositive power; sole voting and sole dispositive power are reported as 0.
The Schedule 13G indicates the stake is held in the ordinary course by an investment adviser and related funds and is not intended to influence control of the company. Ownership is recorded across multiple Fourthstone vehicles and an individual reporting person, with detailed allocations provided in the filing.
- Material institutional ownership: 559,185 shares representing 7.28% of outstanding common stock
- Holdings disclosed across multiple regulated entities: ownership recorded by Fourthstone LLC and affiliated funds
- Held in ordinary course by an investment adviser: filer certifies no intent to influence control
- No sole voting or dispositive power: sole voting power and sole dispositive power reported as 0
- Concentrated ownership by related parties: stake is held across affiliated entities and an individual, which could concentrate influence despite passive claim
Insights
TL;DR: A passive institutional holder reports a material >5% stake, showing investor interest but no control intent.
The filing discloses 559,185 shares (7.28%) beneficially owned by Fourthstone LLC and affiliated entities, recorded with shared voting and dispositive power only. For investors, a >5% passive position signals meaningful institutional interest that could affect liquidity and market perception of FCCO equity, yet the filer expressly disclaims any intent to influence control. The holding is distributed across multiple funds and a related individual, which may reflect portfolio allocation rather than a targeted corporate action.
TL;DR: Material ownership disclosed but explicitly passive; no immediate governance implications.
The Schedule 13G classification and the certifications in the filing indicate the positions are held in the ordinary course by an investment adviser and affiliated funds, and are not intended to change or influence control of First Community Corporation. The absence of sole voting or dispositive power and the explicit statement of non-control reduce near-term governance risk. Nonetheless, a disclosed 7.28% stake is large enough to attract attention from management and other shareholders.