# EDGAR Filing Document

**Accession Number:** 0001007273
**File Stem:** 0000950170-23-009384
**Filing Date:** 2023-3
**Character Count:** 5810
**Document Hash:** 7ff697b58914290b4424c89b03bd8fda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-009384.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0000950170-23-009384

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230323

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF SOUTH CAROLINA CORP
- **CENTRAL INDEX KEY:** 0001007273
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 571021355
- **STATE OF INCORPORATION:** SC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-27702
- **FILM NUMBER:** 23755138

**BUSINESS ADDRESS:**
- **STREET 1:** 256 MEETING ST
- **STREET 2:** P O BOX 538
- **CITY:** CHARLESTON
- **STATE:** SC
- **ZIP:** 29402
- **BUSINESS PHONE:** 803 724 1500

**MAIL ADDRESS:**
- **STREET 1:** 256 MEETING STREET
- **CITY:** CHARLESTON
- **STATE:** SC
- **ZIP:** 29402

?xml version="1.0" encoding="ASCII"? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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**FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** March 23, 2023<br>

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Bank of South Carolina Corporation

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| South Carolina | 0-27702 | 57-1021355 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 256 Meeting Street |  |  |
| Charleston**,** South Carolina |  | 29401 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code: (**843**)** 724-1500<br>

**(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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common stock | BKSC | The Nasdaq Capital Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**<u>Item 8.01 Other Events</u>**

On March 23, 2023, the Company announced a $0.17 per share cash dividend. The information contained in the press release is deemed to be "filed" under the Securities Exchange Act of 1934 as Item 8.01 to this report, and such press release is incorporated herein by reference.

**<u>Item 9.01 Financial Statements and Exhibits</u>**

(d) Exhibits

Exhibit 99.1 [<u>Press release dated March 23, 2023</u>](bksc-ex99_1.htm) <br> Exhibit 104 Cover Page Interactive Data File (embedded within the online XBRL document)

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**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** |
| Date: | March 23, 2023 | By:  | /s/Eugene H. Walpole, IV |
|  |  |  | Eugene H. Walpole, IV<br>Chief Financial Officer<br>Executive Vice President |

---

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## Ex-99

**Exhibit 99.1**

**Bank of South Carolina Corporation Declares Dividend**

CHARLESTON, S.C., March 23, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.17 per share to shareholders of record April 4, 2023, payable April 28, 2023.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "This represents our 134<sup>th</sup> quarterly cash dividend paid to shareholders since our inception. We recently celebrated our 36<sup>th</sup> anniversary on February 26, 2023 and remain the oldest bank headquartered in Charleston."

**About Bank of South Carolina Corporation**

The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered bank with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, and the West Ashley community and has been in continuous operation since 1987. A sixth office at 1730 Maybank Highway on James Island is anticipated to open in the second quarter of 2023. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the NASDAQ stock market under the symbol "BKSC".

CONTACT: Eugene H. Walpole, IV, Executive Vice President and Chief Financial Officer, (843) 724-1500