First Community (FCCO) Proxy Filing summary

Voting matters and shareholder proposals

• Election of four Class I director nominees for terms expiring in 2028 and one Class II director nominee for a term expiring in 2026.

• Advisory vote to approve executive compensation (Say-on-Pay) and to determine the frequency of future Say-on-Pay votes.

• Approval sought for an amendment to the 2021 Omnibus Equity Incentive Plan to increase authorized shares by 450,000.

• Ratification of Elliott Davis, LLC as the independent registered public accounting firm for 2025.

• Proposal to allow adjournment or postponement of the meeting if additional proxies are needed or a quorum is not present.

Board of directors and corporate governance

• Board recommends all director nominees for election.

• Annual meeting scheduled for May 21, 2025, with voting available online or in person.

Executive compensation and say-on-pay

• Advisory vote on executive compensation for named executive officers.

• Shareholders to determine the frequency of Say-on-Pay votes (every one, two, or three years).