This filing formalizes a previously announced retirement with a modest consulting arrangement. No change to business operations or strategy is expected. Monitor the next quarterly filing for any updates on the leadership transition.
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Executive Summary
First Community Corporation entered into a Consulting Agreement with J. Ted Nissen, Executive Vice President and Chief Banking Officer, who is retiring effective December 31, 2026. The agreement formalizes his transition to a part-time consultant from January 1, 2027 through December 31, 2027, with total compensation of $255,000. This is a routine administrative step to finalize a previously announced retirement.
Key Facts
- J. Ted Nissen, Executive Vice President and Chief Banking Officer, will retire from all officer and board positions effective December 31, 2026.
- A Consulting Agreement was signed on September 30, 2026, effective January 1, 2027 through December 31, 2027.
- Compensation: $40,000/month for Jan-Mar 2027 and $15,000/month for Apr-Dec 2027, totaling $255,000.
- Consulting hours: full-time from Jan-Mar 2027, then 16 hours or less per week from Apr-Dec 2027.
- The retirement was previously disclosed in an 8-K filed July 22, 2026.
Financial Impact
Total consulting fees of $255,000 over 12 months, immaterial relative to the company's financials.
Risk Factors
- Loss of institutional knowledge from a long-tenured executive, though mitigated by the consulting period.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001552781-26-000507 |
| Document: 0001552781-26-000507-index-headers.html | 0001552781-26-000507 |
| Document: 0001552781-26-000507-index.html | 0001552781-26-000507 |
| Document: 0001552781-26-000507.txt | 0001552781-26-000507 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $32.99 $33.10 | ▲ +0.33% | ▲ +0.86% | $32.92 (−0.21%) |
Oct 21, 2026 6d ago | Press Release | $32.77 $32.99 | ▲ +0.67% | ▲ +1.85% | $32.92 (+0.46%) |
Oct 6, 2026 21d ago | 3 | $32.33 $32.44 | ▲ +0.34% | ▲ +0.76% | $32.92 (+1.82%) |
Oct 6, 2026 21d ago | 3 | $32.33 $32.44 | ▲ +0.34% | ▲ +0.76% | $32.92 (+1.82%) |
Oct 2, 2026 25d ago | 8-K | $32.67 $32.58 | ▼ −0.28% | ▼ −0.95% | $32.92 (+0.77%) |
Oct 1, 2026 26d ago | 8-K | $32.47 $32.67 | ▲ +0.62% | ▼ −0.12% | $32.92 (+1.39%) |
Sep 16, 2026 5w ago | 8-K | $33.60 $33.80 | ▲ +0.60% | ▼ −0.54% | $32.92 (−2.02%) |
Aug 26, 2026 8w ago | Insider Cluster | $33.40 $33.63 | ▲ +0.69% | ▲ +0.92% | $32.92 (−1.44%) |
Aug 19, 2026 9w ago | 8-K | $33.80 $33.96 | ▲ +0.47% | ▲ +1.31% | $32.92 (−2.60%) |
Aug 12, 2026 10w ago | Institutional Cluster | $34.16 $34.58 | ▲ +1.23% | ▲ +0.53% | $32.92 (−3.63%) |
US Market Status
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