8-K

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 (Date of earliest event reported)      May 20, 2014
Southern First Bancshares, Inc.
(Exact name of registrant as specified in its charter)
South Carolina
(State or other jurisdiction of incorporation)
000-27719	58-2459561
(Commission File Number)	(IRS Employer Identification No.)
100 Verdae Boulevard, Suite 100, Greenville, S.C.	29607
(Address of principal executive offices)	(Zip Code)
(864) 679-9000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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 (17CFR 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 5.07. Submission of Matters to a Vote of Security Holders.

On May 20, 2014, of 4,817,573 shares outstanding and entitled to vote at our annual meeting, 4,388,659 were present in person or by proxy, representing 91.1% of votes received, and the following matters were voted upon and approved by our shareholders at the 2014 Annual Meeting:

1. the election of four members to our board of directors;

2. the non-binding resolution on our executive compensation policies and procedures;

3. the amendment to the 2010 Southern First Bancshares, Inc. Stock Incentive Plan to increase by 200,000 the number of shares of common stock issuable under the plan pursuant to stock options; and

4. the ratification of the appointment of Elliott Davis, LLC as our independent public accountant.

The following is a summary of the voting results for each matter presented to the shareholders:

Election of Directors

Director’s Name	Votes For	Votes Withheld	Broker Non-Votes
Andrew B. Cajka	2,876,140	188,514	1,324,005
Anne S. Ellefson	3,023,221	41,433	1,324,005
Fred Gilmer, Jr.	3,017,541	47,113	1,324,005
Tecumseh Hooper, Jr.	3,009,078	55,576	1,324,005

Executive Compensation Policies and Procedures

Votes For	Votes Against	Votes Abstained	Broker Non-Votes
2,665,895	248,139	150,620	1,324,005

Amendment to the 2010 Southern First Bancshares, Inc. Stock Incentive Plan

Votes For	Votes Against	Votes Abstained	Broker Non-Votes
2,372,702	687,362	4,590	1,324,005

Ratification of the Appointment of Elliott Davis

Votes For	Votes Against	Votes Abstained
4,383,752	1,580	3,327

ITEM 7.01   Regulation FD Disclosure

Southern First Bancshares, Inc. is hereby furnishing a slide presentation posted on the company's website in connection with the Annual Shareholders' meeting on May 20, 2014.  The presentation is filed as Exhibit 99.1 to this Current Report on Form 8-K.

The information in Item 7.01 and Exhibit 99.1 of Item 9.01 is being furnished, not filed.  Accordingly, the information in this Item 7.01 and Exhibit 99.1 of Item 9.01 will not be incorporated by reference into any registration statement filed by Southern First Bancshares under the Securities Act of 1933 unless specifically identified therein as being incorporated therein by reference.  The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by Southern First Bancshares that (i) the information in this report is material or complete or (ii) investors should consider this information before making an investment decision with respect to any security of Southern First Bancshares or any of its affiliates.

The information in Item 7.01 and Exhibit 99.1 of Item 9.01 contains projections and forward-looking statements regarding events or the future financial performance of Southern First Bancshares, Inc.  These forward-looking statements involve certain risks and uncertainties, including a variety of factors (including a downturn in the economy, greater than expected non-interest expenses, excessive loan losses and other factors) that may cause Southern First's actual results to differ materially from the anticipated results expressed in these forward-looking statements. Therefore, we can give no assurance that the results contemplated in the forward-looking statements will be realized. Investors are cautioned not to place undue reliance on these forward-looking statements and are advised to review the risk factors that may affect Southern First's operating results in documents filed by Southern First Bancshares, Inc. with the Securities and Exchange Commission, including the Annual report on Form 10-K and other required filings.  Southern First assumes no duty to update the forward-looking statements made in this presentation.

ITEM 9.01   Financial Statements and Exhibits

(c)	Exhibits: The following exhibits are filed as part of this report:
Exhibit Number	Description
99.1	Slide presentation posted on the company's website in connection with the Annual Shareholders' meeting held on May 20, 2014.

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.

SOUTHERN FIRST BANCSHARES, INC.

By:      /s/Michael D. Dowling                                 
Name      Michael D. Dowling
Title:        Chief Financial Officer

Dated: May 21, 2014

EXHIBIT INDEX

Exhibit Number	Description
99.1	Slide presentation given by certain executive officers of Southern First Bancshares at the Annual Shareholders' meeting held on May 20, 2014.

EX-99.1

Exhibit 99.1

Southern First Bancshares, Inc.
Annual Shareholders Meeting
May 20th, 2014

Forward Looking Statements:

During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Southern First Bancshares, Inc. We wish to caution you that these forward-looking statements involve certain risks and uncertainties, including a variety of factors (including a down turn in the economy, greater than expected non-interest expenses, increased competition, fluctuations in interestrates, regulatory actions, excessive loan losses and other factors) that may cause Southern First“s actual results to differ materially from the anticipated results expressed or implied in these forward-looking statements. Therefore, we can give no assurance that the results contemplated in the forward-looking statements will be realized. Investors are cautioned not to place undue reliance on these forward-looking statements and are advised to review the risk factors that may affect Southern Firsts operating results in documents filed by Southern First an c shares, Inc. with the Securities and Exchange Commission, including the annual report on Form10-K and other required filings. Southern First assumes no duty to update the forward-looking statements made in this presentation.

Southern First Bank

Corporate Profile

(*) Q1 2014

(**) FDIC data

Headquartered in Greenville SC • 143 total employees

$937 million in total assets (*)

6thlargest bank headquartered in SC

• Greenville SC market • 4 offices

• largest banking market in SC

• #5 market share out of 34 banks (**)

• Columbia SC market –3 offices

• 2ndlargest banking market in SC

• surpassed $140 million in deposits (*)

• Approaching $150 million in loansCharleston SC market

• 3rdlargest banking market in SC

• opened in Q4 2102

• 2ndoffice in Mt. Pleasant — Q3 2014

2013 Highlights:

The value of your SFST stock improved 57%

Net income increased 58% to $4.4 million

Total deposits increased $104 million –18% increase

Total loans increased $91 million –141% increase

Significant improvement in credit costs

Strategic talent acquisition

SFST Valuation

Increased $21 million in 2013 (up 57%)

SFST –57%

Bank Index –35%

S&P 500 –30%

2013 Highlight — Net Income Growth

Earnings Momentum –58% increase in 2013

Quarterly Earnings — ($ 000s)

$200 $400 $600 $800 $1,000 $1,200 $1,400

Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14

$399 $589 $842 $929 $784 $1,109 $1,228 $1,248 $1,057

2012 2014 2013

2013 Highlight — Deposit / Loan growth

Deposits up 18% / Loans up 14%

$600 $650 $700 $750 $800

Q4 2012 Q4 2013 $646 $737

Loans -$ mil $500 $550 $600 $650 $700

Q4 2012 Q4 2013 $576 $680 Deposits -$ mil

2013 Highlight — improved credit costs

Reduce credit costs

Credit Costs ($ mil)

$2.0 $3.0 $4.0 $5.0 $6.0 $7.0

2009 2010 2011 2012 2103

$4.7 $6.3 $6.2 $5.5 $3.7

Nonperforming assets improved to 1.07% at year end 2013 compared to 1.24% at year end 2012

Annualized charge-offs only .34% in 2013 compared to .71% in 2012

* Credit costs — provision expense plus other real estate expenses

2013 Highlight — Talent Acquisition

Technology / Mortgage / Client Relationships

Executive Leadership

Scott Bailey

Jason Starnes

Mortgage Executives

Terryn Patterson — Charleston

Lisa Gilstrap — Greenville

Julia Howell — Columbia

2013 Highlight — Talent Acquisition

Technology / Mortgage / Client Relationships

Michael Edens — Columbia

Kevin Lee — Charleston

2013 Comparable Performance

Banks in South Carolina FDIC Dec 2013

68% 47% Return on Assets

25% 75% SFST SC Banks

34% 51% Net Charge-offs

20% 40% 60% SFST SC Banks

64% 80% Efficiency Ratio

55% 75% SFST SC Banks

$6.4 $3.9 Assets / Employee ($ mil)

$2 $7 SFST SC Banks

2014 — Performance Focus:

Momentum continues with strong Q1 2014

Q1 Earnings up 35% to $1.1 million

Q1 Deposits grew $42 million — 18% growth

Q1 Loans grew $42 million — 17% growth

Raised $6.2 million in capital

Compared to Q1 2013

sfb logo white-gold-on black.jpg

Southern First — Strategic Vision:

One Chance / One Step

Unique Humble Visionary Winners

Focus on the Client Experience

Earn the privilege every day

Expect excellence / create value

Skate to where the puck will be

Southern First — Strategic Vision:

Executive Focus

Growth: Revenue momentum Core deposits

Innovation: Client experience Acquisition / Service

Monthly Revenue $000s

$2,200 $2,400 $2,600 $2,800 $3,000

Mar June Sep Dec Mar

2014

Southern First — Strategic Vision:

Executive Focus

Capital: Growth / Mix Patience

Shareholder Value: EPS growth Franchise value

0% 2% 4% 6% 8% 10% 12% 14%

Common Equity Tier 1 Leverage Total Risk Based

7.70% 9.23% 12.11%

Capital Ratios – Q1 2014

Southern First Bancshares

Creating Shareholder Value

Earnings Momentum Unique Model Outstanding Markets

Growth Company Risk Management Leadership Depth

Southern First Bancshares, Inc.

Annual Shareholders Meeting

Thank you for your continued support