Form 8-K

8-K — FIRST COMMUNITY CORP /SC/

Accession: 0001552781-26-000507

Filed: 2026-10-02

Period: 2026-09-30

CIK: 0000932781

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

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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):

September 30, 2026

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)

(IRS

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):

☐ 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 (17 CFR 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 exchange on which registered

Common

stock, par value $1.00 per share

FCCO

The Nasdaq Capital 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. Departure of Directors or Certain Officers; Election of Directors; Appointment

of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously reported in the Current Report on Form 8-K filed by First

Community Corporation (the “Company”) with the Securities and Exchange Commission (the “SEC”) on July 22, 2026,

J. Ted Nissen, Executive Vice President and Chief Banking Officer of the Company and President and Chief Executive Officer of First Community

Bank (the “Bank”), will retire from all of his officer positions with, and from the boards of directors of, the Company and

the Bank, effective December 31, 2026, and the Company and the Bank expected to enter into a transition and consulting agreement with

Mr. Nissen.

On September 30, 2026, the Bank and the Company entered into a Consulting

Agreement with Mr. Nissen (the “Consulting Agreement”), effective as of January 1, 2027. Under the Consulting Agreement, Mr.

Nissen will serve as an independent contractor and outside consultant to support the Bank’s and the Company’s leadership teams

as they transition to new roles and responsibilities and to provide continuity and advice regarding the achievement of the Bank’s

and the Company’s strategic goals. Mr. Nissen will report to the Chief Executive Officer of the Bank and will work in collaboration

with the President and Chief Executive Officer of the Company. Mr. Nissen is expected to devote as much time as needed to the performance

of services from January 1, 2027 through March 31, 2027, and sixteen hours or less per week on average from April 1, 2027 through December

31, 2027.

The term of the Consulting Agreement will continue until the earliest of

the close of business on December 31, 2027, Mr. Nissen’s death, or Mr. Nissen’s disability (as defined in the Consulting Agreement).

As compensation for his services, the Bank will pay Mr. Nissen $40,000 per month for January, February and March 2027 and $15,000 per

month for April through December 2027, payable on the fifteenth day of each month beginning January 15, 2027, prorated for any partial

month in the event of termination. If the Consulting Agreement terminates due to Mr. Nissen’s death or disability, the Bank will

pay Mr. Nissen or his estate a lump sum equal to any amounts earned but unpaid within 60 days after termination. Mr. Nissen will also

be reimbursed for reasonable business expenses in accordance with the Bank’s policies. As an independent contractor, Mr. Nissen

will not participate in the Bank’s employee benefit plans.

The Consulting Agreement contains customary confidentiality, work product

and return-of-property provisions, and incorporates by reference certain provisions of Mr. Nissen’s Amended and Restated Employment

Agreement, including its non-solicitation, non-recruitment and non-competition covenants. The time periods for these restrictive covenants

continue for twelve months following the termination or expiration of the Consulting Agreement and expire concurrently with the expiration

of the restrictive covenants in his employment agreement.

The foregoing description of the Consulting Agreement does not purport

to be complete and is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which will be filed

as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.

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

COMMUNITY CORPORATION

By:

/s/

D. Shawn Jordan

Name:

Shawn Jordan

Title:

Chief

Financial Officer

Dated: October 2, 2026

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Entity File Number

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Entity Registrant Name

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Entity Central Index Key

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Entity Tax Identification Number

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Entity Incorporation, State or Country Code

Entity Address, Address Line One

5455

Sunset Blvd

Entity Address, City or Town

Lexington

Entity Address, State or Province

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City Area Code

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