---
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"
generated_at: "2026-06-03T17:14:09.462191+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# 1st Franklin Financial adopts amended articles and bylaws to modernize governance

## Summary
- 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.

## SEC filing metadata
- accession: 0000038723-24-000075
- form_type: 8-K/A
- cik: 0000038723
- company_name: 1st FRANKLIN FINANCIAL CORP
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038723-24-000075
- JSON: https://secwatch.observer/filing/0000038723-24-000075.json
- Plain text: https://secwatch.observer/filing/0000038723-24-000075.txt

## Key facts
- Governance Changes
  1st FRANKLIN FINANCIAL CORP: Amended Articles of Incorporation to modernize language, conform to legal changes, and clarify governance provisions (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/38723/000003872324000075/0000038723-24-000075-index.htm
- Governance Changes
  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).
  - Change: bylaw amendment
  - Effective: 2024-03-26
  source text: establish a more robust succession planning process for the Board and the Company's Officers
  evidence_url: https://www.sec.gov/Archives/edgar/data/38723/000003872324000075/0000038723-24-000075-index.htm

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