{"schema_version":"secwatch.filing_event.v1","accession":"0000038723-24-000043","form_type":"8-K","ticker":null,"cik":"0000038723","company_name":"1st FRANKLIN FINANCIAL CORP","filed_at":"2024-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.603920+00:00","generated_at":"2026-06-04T05:36:58.213252+00:00","sec_items":["5.03","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"confidence":"high","headline":"1st Franklin Financial adopts first governance update since 1974","bullets":["Board approved amended Articles and Bylaws on March 26, 2024; shareholders unanimously consented.","Amendments modernize language, expand board size range to 7-11 directors, and clarify succession planning.","Changes also address dual roles of directors who serve as company employees.","No change to fundamental purpose, operations, or capital structure of the company.","Amended documents filed as Exhibits 3.1 and 3.2 to the Form 8-K."],"urls":{"canonical":"https://secwatch.observer/filing/0000038723-24-000043","json":"https://secwatch.observer/filing/0000038723-24-000043.json","markdown":"https://secwatch.observer/filing/0000038723-24-000043.md","text":"https://secwatch.observer/filing/0000038723-24-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38723/000003872324000043/0000038723-24-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38723/000003872324000043/na-20240329.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:36:58.213252+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"891294a2e19e9b3e0795ed59d392943bece58023","claim":"1st FRANKLIN FINANCIAL CORP: Amended Articles of Incorporation to modernize language, grant board flexibility, establish succession planning, and clarify dual roles (effective 2024-03-26).","evidence_excerpt":"On March 26, 2024, the Board of Directors of 1st Franklin Financial Corporation, a Georgia corporation (the \"Company\") approved and adopted amendments to the Company’s Articles of Incorporation and Bylaws.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/38723/000003872324000043/0000038723-24-000043-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-03-26"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}