{"schema_version":"secwatch.filing_event.v1","accession":"0000038723-24-000075","form_type":"8-K/A","ticker":null,"cik":"0000038723","company_name":"1st FRANKLIN FINANCIAL CORP","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.602720+00:00","generated_at":"2026-06-03T17:14:09.462191+00:00","sec_items":["5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"1st Franklin Financial adopts amended articles and bylaws to modernize governance","bullets":["Board approved amendments to Articles and Bylaws on March 26, 2024, effective immediately.","Documents had not been amended since 1974; updates modernize language and comply with current Georgia law.","Amendments increase board size flexibility, improve succession planning, and clarify dual roles of directors/employees."],"urls":{"canonical":"https://secwatch.observer/filing/0000038723-24-000075","json":"https://secwatch.observer/filing/0000038723-24-000075.json","markdown":"https://secwatch.observer/filing/0000038723-24-000075.md","text":"https://secwatch.observer/filing/0000038723-24-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38723/000003872324000075/0000038723-24-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38723/000003872324000075/na-20240329.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T17:14:09.462191+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":"b776d7a26800b7b07d74a63e469df90224e042e0","claim":"1st FRANKLIN FINANCIAL CORP: Amended Articles of Incorporation to modernize language, conform to legal changes, and clarify governance provisions (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/38723/000003872324000075/0000038723-24-000075-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"},{"claim_id":"bd15f9cbda3f83472136580f7ef127b9e46e87fb","claim":"1st FRANKLIN FINANCIAL CORP: Amended Bylaws to modernize language, grant board flexibility for growth, establish succession planning, and clarify director-officer dual roles (effective 2024-03-26).","evidence_excerpt":"establish a more robust succession planning process for the Board and the Company's Officers","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/38723/000003872324000075/0000038723-24-000075-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw 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"}