0001193125-23-251910.txt : 20231006 0001193125-23-251910.hdr.sgml : 20231006 20231006060357 ACCESSION NUMBER: 0001193125-23-251910 CONFORMED SUBMISSION TYPE: S-8 POS PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231006 DATE AS OF CHANGE: 20231006 EFFECTIVENESS DATE: 20231006 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: S-8 POS SEC ACT: 1933 Act SEC FILE NUMBER: 333-255203 FILM NUMBER: 231312530 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 S-8 POS 1 d525783ds8pos.htm FORM S-8 POS Form S-8 POS

As filed with the Securities and Exchange Commission on October 6, 2023

Registration No. 333-255203

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

POST-EFFECTIVE AMENDMENT NO. 1

to

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

Bank of South Carolina Corporation

(Exact name of registrant as specified in its charter)

 

South Carolina   57-1021355

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

256 Meeting Street

Charleston, South Carolina 29401

(Address of Principal Executive Offices) (Zip Code)

 

 

Bank of South Carolina Corporation 2021 Stock Incentive Plan for Independent Directors

(Full title of the Plan)

 

 

 

Copy to:

Eugene H. Walpole, IV

President and Chief Executive Officer

Bank of South Carolina Corporation

256 Meeting Street

Charleston, South Carolina 29401

(336) 751-5755

(Name, address, and telephone number of agent for service)

  

Jonathan A. Greene

Wyrick Robbins Yates & Ponton LLP

4101 Lake Boone Trail, Suite 300

Raleigh, North Carolina 27617

(919) 781-4000

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer   ☐    Accelerated filer   ☐
Non-accelerated filer   ☒    Smaller reporting company   ☒
     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 for revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

 

 

 

DEREGISTRATION OF SECURITIES

This Post-Effective Amendment relates to the Registration Statement on Form S-8 (File No. 333-255203) of Bank of South Carolina Corporation (the “Registrant”), filed with the Securities and Exchange Commission on April 13, 2021 (the “Registration Statement”). The Registration Statement registered 150,000 shares of the Registrant’s common stock under the Registrant’s 2021 Stock Incentive Plan for Independent Directors.

The Registrant intends to terminate and suspend all reporting obligations with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Accordingly, pursuant to the undertaking contained in the Registration Statement to remove from registration by means of a post-effective amendment any of the securities that remain unsold at the termination of the offering, the Registrant hereby amends the Registration Statement by deregistering all shares that remain unsold under the Registration Statement.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and Rule 478 thereunder, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charleston, State of South Carolina, on October 6, 2023.

 

BANK OF SOUTH CAROLINA CORPORATION
By:   /s/ Eugene H. Walpole, IV
  Eugene H. Walpole, IV
  President and Chief Executive Officer
  (Duly Authorized Representative)

No other person is required to sign this Post-Effective Amendment to the Registration Statement in reliance upon Rule 478 under the Securities Act.