BANK OF SOUTH CAROLINA CORP : Results of Operations and Financial Condition, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)

Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On April 12, 2022 the Bank of South Carolina Corporation (the "Company") issued a press release announcing its unaudited financial results for the quarter ended March 31, 2022. The information contained in the press release is deemed to be "filed" under the Securities Exchange Act of 1934 as Item 2.02 to this report, and such press release is incorporated herein by reference.

Item 5.07 SUBMISSION OF MATTERS TO A VOTE OF SHAREHOLDERS

The 2022 Annual Meeting of Shareholders of the Company was held on April 12, 2022. At the meeting, the Company's shareholders elected nineteen Directors to serve until the 2023 Annual Meeting and took the following actions: a proposal for advisory approval of the Company's Executive Compensation and the appointment of Elliott Davis, LLC as the Company's independent registered public accounting firm for the year ended December 31, 2022. There was a total of 5,543,976 shares of Common Stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting there were, in person or by proxy, 4,720,828 shares present of the Company's Common Stock, representing approximately 85.15% of the total outstanding eligible shares. The following proposals are described in detail in the Company's definitive proxy statement dated March 4, 2022 and were voted upon and approved by the shareholders at the 2022 Annual Meeting:

Proposal 1: To elect nineteen Directors of the Bank of South Carolina Corporation to serve until the Company's 2023 Annual Meeting of Shareholders:

Name                           For       Abstain Broker Non-Votes
Susanne K. Boyd                2,308,536 53,774  2,358,518
David W. Bunch                 2,343,604 18,706  2,358,518
Graham M. Eubank, Jr.          2,335,120 27,190  2,358,518
Elizabeth M. Hagood            2,337,402 24,908  2,358,518
Fleetwood S. Hassell           1,867,893 494,417 2,358,518
Glen B. Haynes, DVM            2,340,074 22,236  2,358,518
William L. Hiott, Jr.          2,313,142 49,168  2,358,518
Richard W. Hutson, Jr.         2,339,368 22,942  2,358,518
Charles G. Lane                2,339,928 22,382  2,358,518
Hugh C. Lane, Jr.              2,329,948 32,362  2,358,518
Alan I. Nussbaum, MD           2,341,749 20,561  2,358,518
Josette R. E. Pelzer, PhD, CPA 2,340,649 21,661  2,358,518
Karen J. Phillips              2,346,286 16,024  2,358,518
Edmund Rhett, Jr., MD          2,341,072 21,238  2,358,518
Malcolm M. Rhodes, MD          2,346,375 15,935  2,358,518
Douglas H. Sass                2,323,374 38,936  2,358,518
Sheryl G. Sharry               2,335,652 26,658  2,358,518
Steve D. Swanson               2,345,985 16,325  2,358,518
Eugene H. Walpole, IV          2,304,235 58,075  2,358,518

Proposal 2: To obtain advisory approval of the Company's Executive Compensation:

For       Against Abstain
2,311,282 34,567  16,461

Proposal 3: To ratify the appointment of Elliott Davis, LLC as the Company's independent registered public accounting firm for the year ended December 31, 2022:

For       Against Abstain
4,709,130 4,808   6,890

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

The following Exhibit is filed as part of this report

    Exhibit 99.1     Press release dated April 12, 2022
                   Cover Page Interactive Data File ( embedded within the Inline
  Exhibit 104      XBRL document)

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