Unassociated Document
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: April 1, 2010
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BANK
OF SOUTH CAROLINA CORPORATION
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(Exact
name of registrant as specified in its
charter)
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South
Carolina
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0-27702
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57-1021355
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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256
Meeting Street, Charleston, SC
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29401
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
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(843)724-1500
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(Former
name or former address, if changed since last
report.)
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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):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02 Departure of Directors or Certain Officers; Appointment of Certain
Officers
William
L. Hiott, Jr., Executive Vice President and Treasurer of Bank of South Carolina
Corporation and Executive Vice President and Cashier of The Bank of South
Carolina, retired from the position of Treasurer of Bank of South Carolina
Corporation and Cashier of The Bank of South Carolina on March 29,
2010. Mr. Hiott has served in his position with The Bank since its
organization in 1986 and with the Corporation since its organization in 1995.
Mr. Hiott has served on the Board of Directors of the Bank and the Corporation
and will continue to do so after his retirement. In addition Mr.
Hiott served on the Executive/Planning Committee. Mr. Hiott’s
decision to retire from the Bank and the Corporation is the result of him
reaching the age of retirement (65), and did not arise or result from any
disagreement with the Company on any matters relating to the Company’s
operations, policies or practices. Mr. Hiott will retire from his position as
Executive Vice President of The Bank and Corporation on April 13,
2010.
In
anticipation of the upcoming retirement of William L. Hiott, Jr., the Board of
Directors of The Bank of South Carolina and the Board of Directors of Bank of
South Carolina Corporation at their March 25, 2010 meetings, appointed Sheryl G.
Sharry Chief Financial Officer and Treasurer of Bank of South Carolina
Corporation and Executive Vice President and Cashier of The Bank of South
Carolina, effective March 29, 2010. Mrs. Sharry was previously
promoted (1/1/2010) to Executive Vice President of The Bank of South Carolina
and Bank of South Carolina Corporation. Mrs. Sharry, age 55, has been
with The Bank since its organization in 1986. She has served as
Assistant Vice President (12/8/1986-12/31/1989) – Operations Department, Vice
President (1/1/1990-12/31/1996) – Operations & Technology and Senior Vice
President (1/1/1997-12/31/2009) - Operations &
Technology. Currently, Mrs. Sharry is a nominee for the Board of
Directors of The Bank of South Carolina and Bank of South Carolina Corporation.
She does not have any family relationships with current members or nominees of
the Board of Directors and has not had any transactions with the current members
or any nominees. She has not been employed by any other Corporation
in the past 5 years nor has she served as a Board Member of any other
Corporation.
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.
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Bank
of South Carolina Corporation |
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(Registrant) |
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Date:
April 1, 2010 |
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/s/ Sheryl
G. Sharry |
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Sheryl
G. Sharry |
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Chief
Financial Officer |
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Executive
Vice President and Treasurer |
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