First Community (FCCO) Proxy filing summary

Executive summary

• The annual meeting is scheduled for May 20, 2026, to elect nine directors, approve executive compensation (say-on-pay), and ratify the appointment of Elliott Davis, LLC as independent auditors for 2026.

• Shareholders of record as of March 13, 2026, are entitled to vote, with proxy materials primarily distributed electronically to reduce costs and environmental impact.

• The board is classified into three classes with staggered terms, and the current election aligns director terms post-merger with Signature Bank of Georgia.

• Voting can be done in person, by mail, phone, or internet, with detailed procedures for street name holders and proxy revocation.

Voting matters and shareholder proposals

• Proposals include electing nine directors, a non-binding advisory vote on executive compensation, and ratification of Elliott Davis, LLC as auditors.

• Directors are elected by plurality; say-on-pay and auditor ratification require a majority of votes cast in favor.

• Shareholder proposals for the 2027 meeting must be submitted by December 11, 2026, with specific requirements for inclusion and nomination procedures.

Board of directors and corporate governance

• The board consists of 14 members, with a majority deemed independent under Nasdaq rules.

• The board is divided into three classes, with recent reclassification following a merger to preserve the staggered structure.

• Committees include audit, compensation, and nominating, all composed of independent directors.

• Stock ownership guidelines require directors and executives to hold minimum shares, with ongoing compliance monitoring.

• Insider trading policies prohibit short sales, hedging, and pledging of company securities, with strict pre-clearance and blackout periods.