−Removed: Market for Common Equity, Related
−Removed: Shareholder Matters and Issuer Purchases of Equity Securities.
+Added: Market for Common Equity, Related Shareholder
+Added: Matters and Issuer Purchases of Equity Securities.
Market Information and Holders of Record
Our common stock is currently traded on the NASDAQ
−Removed: Global Market under the symbol “SFST.” We had approximately 3,200 shareholders of record on January 17, 2023.
−Removed: We have not declared or paid any cash dividends
−Removed: on our common stock since our inception.
+Added: Global Market under the symbol “SFST.” We had approximately 2,900 shareholders of record on February 5, 2024.
+Added: We have not declared or paid any cash dividends on
+Added: our common stock since our inception.
For the foreseeable future, we do not intend to declare cash dividends.
36 unchanged sentences
2020 Equity Incentive Plan (2)
−Removed: the terms of the 2010 and 2016 Plans no further incentive stock option awards may be granted;
−Removed: however, the Plans will remain in effect until all awards have been exercised or forfeited
−Removed: and we determine to terminate the Plans.
−Removed: weighted-average exercise prices in this column are based on outstanding options and do not
−Removed: take into account unvested awards of restricted stock as these awards do not have an exercise
+Added: Under the terms of the 2010 and 2016 Plans no further incentive stock option awards may be granted;
+Added: however, the Plans will remain in effect until all awards have been exercised or forfeited and we determine to terminate the Plans.
+Added: The 2020 Equity Incentive Plan provides for shares to be issued as either stock options or restricted stock grants.
+Added: The weighted-average exercise prices in this column are based on outstanding options and do not take into account unvested awards of restricted stock as these awards do not have an exercise price.
Stock Performance Graph
12 unchanged sentences
Stock Repurchases
−Removed: On June 21, 2022, the Company announced a share
−Removed: repurchase plan allowing us to repurchase up to 399,026 shares of our common stock (the “Repurchase Plan”).
−Removed: As of December
−Removed: 31, 2022, we have not repurchased any of the shares authorized for repurchase under the Repurchase Plan.
−Removed: The Company is not obligated
−Removed: to purchase any such shares under the Repurchase Plan, and the Repurchase Plan may be discontinued, suspended or restarted at any time;
−Removed: however, repurchases under the Repurchase Plan after December 31, 2022 will require additional approval of our Board of Directors and
−Removed: the Federal Reserve.
−Removed: The following table reflects share repurchase activity
−Removed: during the fourth quarter of 2022:
−Removed: Price Paid per
−Removed: Share (or Unit)
−Removed: Part of Publicly
−Removed: Dollar Value) of
−Removed: Units) that May
−Removed: Under the Plans
−Removed: October 1 – October 31
−Removed: November 1 – November 30
−Removed: December 1 – December 31
+Added: The Company does not have a current repurchase plan
+Added: and, as such, future repurchases will require additional approval of our Board of Directors and the Federal Reserve.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.