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AI brief of an SEC Form 8-K · FIRST COMMUNITY CORP /SC/ (FCCO)

First Community retirement of banking executive J. Ted Nissen, effective December 31, 2026

Neutral Impact 3 of 5 leadership Written later

J. Ted Nissen, Executive Vice President and Chief Banking Officer and President and CEO of First Community Bank, will retire from all officer and board positions effective December 31, 2026. He will then serve as a consultant under an agreement signed September 30, 2026, effective January 1, 2027, through December 31, 2027, to support leadership transitions.

Key points

  • Retirement from officer and board roles at the Company and the Bank is effective December 31, 2026.
  • Consulting fee is $40,000 per month for January through March 2027 and $15,000 per month for April through December 2027.
  • Consulting agreement runs until the earliest of December 31, 2027, Mr. Nissen's death, or disability.
  • Restrictive covenants last twelve months after the agreement ends and expire with those in his employment agreement.

The filing

CompanyFIRST COMMUNITY CORP /SC/ (FCCO)
Form8-K, current report
Filed with the SECOct 2, 2026, 9:00 AM ET
Accession number0001552781-26-000507

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.