Business Context and Reporting Period
Company: First Community Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: November 21, 2006
Reporting Period: Event date of November 21, 2006
This filing reports a corporate governance amendment regarding shareholder communication methods. It is not a periodic financial report (10-K or 10-Q) and does not contain audited financial statements.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on a bylaw amendment and does not disclose financial performance data.
Material Changes
Bylaw Amendment: On November 21, 2006, the Board of Directors amended Article 2, Section 4 of the company's bylaws to authorize the electronic delivery of notices to shareholders.
- Method: Notices may now be communicated via email or other wire/wireless communications permitted by the South Carolina Business Corporation Act.
- Consent Requirement: Electronic delivery requires written consent from the shareholder.
- Public Corporation Exception: For proxy statements or information statements, notices are effective if addressed and mailed/transmitted in a manner satisfying SEC rules, including provisions for shareholders sharing an address and implied consent.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to the procedural update of the bylaws.
Investor Verification Checklist
- Verify the effective date of the bylaw amendment (November 21, 2006).
- Confirm the specific language added to Article 2, Section 4 regarding electronic consent.
- Review the attached Exhibit 3.2 (Amended and Restated Bylaws) for the complete legal text.
- Note that this filing contains no financial data; refer to the most recent 10-K or 10-Q for financial metrics.