---
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"
generated_at: "2026-06-04T05:36:58.213252+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# 1st Franklin Financial adopts first governance update since 1974

## Summary
- 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.

## SEC filing metadata
- accession: 0000038723-24-000043
- form_type: 8-K
- cik: 0000038723
- company_name: 1st FRANKLIN FINANCIAL CORP
- filed_at: 2024-03-29T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038723-24-000043
- JSON: https://secwatch.observer/filing/0000038723-24-000043.json
- Plain text: https://secwatch.observer/filing/0000038723-24-000043.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2024-03-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38723/000003872324000043/0000038723-24-000043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.