Section 5 – Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) and (c)
On May 11, 2010, First Financial Holdings, Inc. (“Company”), the holding company for First Federal Savings and Loan Association of Charleston, Charleston, South Carolina ("First Federal"), announced that in accordance with its succession plan, the following management changes were made effective May 10, 2010:
Mr. R. Wayne Hall, the Principal Financial Officer and Chief Financial Officer of the Company since May 2007 and First Federal’s Chief Operating Officer since July 2009, was appointed President and Chief Executive Officer of the Company and Chief Executive Officer of First Federal. Mr. Hall succeeds Mr. A. Thomas Hood in these positions.
Mr. Hood, the former President and Chief Executive Officer of the Company and First Federal, will continue to serve as President of First Federal. He will also continue to serve as a director on the Boards of Directors of the Company and First Federal. Mr. Hood intends to retire in June 2011.
In addition, the Company announced that Ms. Blaise B. Bettendorf was appointed Chief Financial Officer of First Financial and First Federal. Ms. Bettendorf joined the Company in January 2010 and prior to her appointment as Chief Financial Officer had served as Chief Accounting Officer of the Company and First Federal.
For additional information, see the Company’s press release which is furnished herewith as Exhibit 99.1, and is incorporated herein by reference.
Section 9 -- Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit (99.1). Press release dated May 11, 2010.
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.
| | |
| | FIRST FINANCIAL HOLDINGS, INC |
| | |
| | |
| | /s/ R. Wayne Hall |
| | R. Wayne Hall |
| | President and Chief Executive Officer |
| | |
Date: May 11, 2010 | | |
EXHIBIT INDEX
Exhibit Number | | Description |
| | |
99.1 | | Press release dated May 11, 2010 |
| | |