Business Context and Reporting Period
This Form 8-K reports on the 2026 Annual Meeting of Shareholders for Southern First Bancshares, Inc., held on May 19, 2026. The Company is incorporated in South Carolina and its common stock trades on The Nasdaq Global Market under the symbol SFST.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting results. It does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. Investors should refer to the Company's most recent Form 10-K or 10-Q for financial performance details.
Material Changes and Voting Results
As of the record date (March 20, 2026), 8,247,710 shares were outstanding. A quorum was established with 7,510,163 shares (91.05%) represented. Shareholders voted on three proposals:
- Election of Directors: All 16 nominees were elected. While most received overwhelming support, Ray A. Lattimore received the highest number of withheld votes (854,821) compared to other nominees.
- Executive Compensation: The non-binding resolution on executive compensation was approved with 6,504,371 votes for, 115,546 against, and 6,457 abstentions.
- Ratification of Auditors: The appointment of Elliott Davis, LLC as independent public accountant for the year ending December 31, 2026, was ratified with 7,438,028 votes for and 72,135 against.
Guidance, Outlook, and Disclosures
Under Item 7.01, the Company furnished a presentation prepared for the Annual Shareholders' Meeting (Exhibit 99.1). The filing explicitly states that this information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act, meaning it is not subject to the same liability standards as filed financial statements and will not be incorporated by reference into other filings unless specifically referenced.
Investor Verification Checklist
- Verify the specific reasons for the elevated "withheld" votes for director Ray A. Lattimore compared to other board members.
- Review the attached Exhibit 99.1 (Annual Meeting Presentation) for any forward-looking statements or strategic updates not included in the text of this 8-K.
- Confirm the Company's latest financial position by reviewing the most recent Form 10-K or 10-Q, as this filing contains no financial metrics.
- Note that Elliott Davis, LLC has been ratified as the auditor for the fiscal year ending December 31, 2026.