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): April 16, 2008
First Community
Corporation
(Exact Name of Registrant
As Specified in Its Charter)
South
Carolina
(State or Other Jurisdiction of Incorporation)
000-28344 57-1010751
(Commission File Number) (I.R.S. Employer Identification No.)
5455 Sunset Blvd, Lexington, South
Carolina
29072
(Address of Principal Executive
Offices) (Zip
Code)
(803) 951-2265
(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))
On April 16, 2008, First Community Corporation, holding company for First Community Bank, issued a press release announcing its financial results for the period ended March 31, 2008.
A copy of the press release is attached hereto as Exhibit 99.1.
On April 16, 2008, First Community also announced that its Board of Directors declared a $0.08 per share dividend payable to shareholders of record as of April 30, 2008. The dividend will be paid on May 15, 2008.
First Community also previously announced an increase in the number of shares it has authorized for repurchase under its existing stock repurchase plan. The company had already authorized the repurchase of up to 250,000 shares of the company’s common stock on the open market. As of March 31, 2008, 207,513 shares have been repurchased with a total investment of $3.5 million leaving a total of 42,487 shares now available for repurchase under the plan.
The timing, price and quantity of purchases under the plan will be at the discretion of management and the plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. First Community’s management believes the repurchase plan, depending upon market and business conditions will provide capital management opportunities and build value for First Community’s shareholders.
Attached as Exhibit 99.1 is a copy of the press release relating to the announcement of the share dividend and the stock repurchase plan, which are incorporated herein by reference.
(c) Exhibits
Exhibit
Number
Description
99.1
Earnings Press Release for the quarter ended March 31, 2008.
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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 COMMUNITY CORPORATION | |||||
| By: /s/ Joseph G. Sawyer | |||||
| Name: Joseph G. Sawyer | |||||
| Title: Chief Financial Officer | |||||
Dated: April 17, 2008
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Exhibit Number Description
99.1 Earnings Press Release the quarter ended March 31, 2008.
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