UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) January 21, 2025
Southern First Bancshares, Inc.
(Exact name of registrant as specified in its charter)
| South Carolina |
| (State or other jurisdiction of incorporation) |
| 000-27719 | 58-2459561 |
| (Commission File Number) | (IRS Employer Identification No.) |
| |
| 6 Verdae Boulevard, Greenville, SC | 29607 |
| (Address of principal executive offices) | (Zip Code) |
| (864) 679-9000 |
| (Registrant's telephone number, including area code) |
| |
| 100 Verdae Boulevard, Suite 100, Greenville, SC |
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock | SFST | The Nasdaq Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
ITEM 5.02(e). COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On January 21, 2025, the Board of Directors of Southern First Bancshares, Inc. (the “Company”), approved an amendment to the Southern First Bancshares, Inc. 2020 Equity Incentive Plan (the “Plan”) to provide administrative requirements for the award of restricted stock units and to delegate administrative authority to certain executives to grant equity awards under the Plan. No other material changes were made to the Plan.
A copy of the amendment to the Plan is attached as Exhibit 10.1 and a copy of the Form of Restricted Stock Unit Grant Notice is attached as Exhibit 10.2 to this report.
ITEM 9.01. Financial Statements and Exhibits
| (d) Exhibits | The following exhibit index lists the exhibits that are either filed or furnished with the Current Report on Form 8-K. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | SOUTHERN FIRST BANCSHARES, INC. |
| | | | |
| | By: | /s/ Christian J. Zych | |
| | Name: | Christian J. Zych | |
| | Title: | Chief Financial Officer | |
January 24, 2025
