Business Context and Reporting Period
Company: First Community Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: June 15, 2010
Reporting Period: Specific event date (June 15, 2010)
This filing reports corporate governance amendments adopted by the Board of Directors on June 15, 2010. The company is incorporated in South Carolina and maintains its principal executive offices in Lexington, South Carolina.
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 corporate bylaw amendments and does not contain financial statements or performance metrics.
Material Changes
The Board of Directors amended the corporation's bylaws to implement the following changes:
- Registered Agent Address: Changed to the corporation's home office (Article 1, Section 1).
- Definition of Business Competitors: Expanded to include all counties in which the corporation has offices (Article 3, Section 3).
- Emeritus Directors: Terms changed to be appointed for life (Article 3, Section 7).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document serves solely to disclose the specific bylaw amendments listed above.
Key Facts for Investor Verification
- Verify the full text of the Amended and Restated Bylaws (Exhibit 3.2) to understand the scope of the "Business Competitors" definition change.
- Confirm the implications of lifetime appointments for Emeritus Directors on future board composition and governance.
- Note that this filing contains no financial data; refer to the most recent 10-Q or 10-K for financial performance.