SOUTHERN FIRST BANCSHARES INC - FORM 8-K - May 18, 2011

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EX-99.1 - EX-99.1 - SOUTHERN FIRST BANCSHARES INCd28224_ex99-1.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) May 17, 2011
 
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.)
 
100 Verdae Boulevard, Suite 100, Greenville, S.C. 29607
(Address of principal executive offices) (Zip Code)
 
    (864) 679-9000    
(Registrant's telephone number, including area code)
 
  Not Applicable  
(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):
 
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
 
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

ITEM 5.07. Submission of Matters to a Vote of Security Holders.

 

On May 17, 2011, of 3,473,613 shares outstanding and entitled to vote at our annual meeting, 3,186,402 were present in person or by proxy, and the following matters were voted upon and approved by our shareholders at the 2011 Annual Meeting:

 

1.        the election of four members to our board of directors;

 

2.        the advisory (non-binding) proposal on our executive compensation policies and procedures;

 

3.        the ratification of the appointment of Elliott Davis, LLC as our independent public accountant.

 

The following is a summary of the voting results for each matter presented to the shareholders:

 

Election of Directors

 

Director’s Name   Votes For   Votes Withheld   Broker Non-Votes
             
Andrew B. Cajka   1,789,946   7,206   1,389,250
Anne S. Ellefson   1,791,046   6,106   1,389,250
Fred Gilmer, Jr.   1,791,103   6,049   1,389,250
Tecumseh Hooper, Jr.   1,791,103   6,049   1,389,250

 

Executive Compensation Policies and Procedures


Votes For   Votes Against   Votes Abstained   Broker Non-Votes
1,644,968   21,622   130,562   1,389,250


Ratification of the Appointment of Elliott Davis


Votes For   Votes Against   Votes Abstained
3,183,546   803   2,053

 

 

ITEM 7.01   Regulation FD Disclosure

 

Southern First Bancshares, Inc. is hereby furnishing a slide presentation posted on the company's website in connection with the Annual Shareholders' meeting on May 17, 2011.  The presentation is filed as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information in Item 7.01 and Exhibit 99.1 of Item 9.01 is being furnished, not filed.  Accordingly, the information in this Item 7.01 and Exhibit 99.1 of Item 9.01 will not be incorporated by reference into any registration statement filed by Southern First Bancshares under the Securities Act of 1933 unless specifically identified therein as being incorporated therein by reference.  The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by Southern First Bancshares that (i) the information in this report is material or complete or (ii) investors should consider this information before making an investment decision with respect to any security of Southern First Bancshares or any of its affiliates.

 

The information in Item 7.01 and Exhibit 99.1 of Item 9.01 contains projections and forward-looking statements regarding events or the future financial performance of Southern First Bancshares, Inc.  These forward-looking statements involve certain risks and uncertainties, including a variety of factors (including a downturn in the economy, greater than expected non-interest expenses, excessive loan losses and other factors) that may cause Southern First's actual results to differ materially from the anticipated results expressed in these forward-looking statements. Therefore, we can give no assurance that the results contemplated in the forward-looking statements will be realized. Investors are cautioned not to place undue reliance on these forward-looking statements and are advised to review the risk factors that may affect Southern First's operating results in documents filed by Southern First Bancshares, Inc. with the Securities and Exchange Commission, including the Annual report on Form 10-K and other required filings.  Southern First assumes no duty to update the forward-looking statements made in this presentation.

  

ITEM 9.01   Financial Statements and Exhibits

 

      (c)       Exhibits: The following exhibits are filed as part of this report: 

     
Exhibit Number   Description
     
99.1   Slide presentation posted on the company's website in connection with the Annual Shareholders' meeting held on May 17, 2011.

 

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:      Michael D. Dowling                                 
Name     Michael D. Dowling
Title:      Chief Financial Officer

 

Dated: May 18, 2011 

EXHIBIT INDEX

 

Exhibit Number   Description
     
99.1   Slide presentation given by certain executive officers of Southern First Bancshares at the Annual Shareholders’ meeting held on May 17, 2011.

 

SOUTHERN FIRST BANCSHARES INC Reports