Business Context and Reporting Period
This Form 8-K Current Report was filed by First Community Corporation on December 8, 2009. The filing reports a corporate governance event regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a personnel change and contains no financial data.
Material Changes
Departure of Director: On December 8, 2009, Mr. Hinton G. Davis resigned from his position as a Director of the Company and the Bank. The resignation was effective immediately upon receipt by the Company.
Management Commentary and Risks
- Reason for Departure: Mr. Davis resigned due to personal reasons.
- Disagreement Status: The filing explicitly states that the resignation did not arise or result from any disagreement with the Company regarding its operations, policies, or practices.
- Outlook: No guidance or future outlook is provided in this filing.
Key Facts for Investor Verification
- Verify the current composition of the Board of Directors following Mr. Davis's resignation.
- Confirm whether a replacement director has been appointed or if a vacancy remains.
- Review subsequent filings for any impact on corporate governance or strategic direction.