---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-054509"
form_type: "8-K"
ticker: null
cik: "0001058867"
company_name: "GUARANTY BANCSHARES INC /TX/"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T16:10:31.629681+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Guaranty Bancshares CFO Cappy Payne to retire March 2024; Shalene Jacobson named successor effective Dec 29, 2023

## Summary
- Clifton A. 'Cappy' Payne retires after 40 years; steps down as CFO on Dec 29, 2023 and from board on Dec 31, 2023.
- Shalene Jacobson, current EVP & CFO of Guaranty Bank & Trust, becomes Company CFO effective Dec 29, 2023.
- Succession planned for two years; Jacobson and Payne worked side-by-side as CFOs of Company and Bank during transition.
- Payne will remain an employee until his retirement date of March 31, 2024.

## SEC filing metadata
- accession: 0000950170-23-054509
- form_type: 8-K
- cik: 0001058867
- company_name: GUARANTY BANCSHARES INC /TX/
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058867/000095017023054509/0000950170-23-054509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058867/000095017023054509/gnty-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-054509
- JSON: https://secwatch.observer/filing/0000950170-23-054509.json
- Plain text: https://secwatch.observer/filing/0000950170-23-054509.txt

## Key facts
- Executive change
  Clifton A. Payne departed as Chief Financial Officer at GUARANTY BANCSHARES INC /TX/.
  - Action: step down
  - Role: Chief Financial Officer
  source text: Mr. Payne will step down from his role as Chief Financial Officer (“CFO”) effective December 29, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058867/000095017023054509/0000950170-23-054509-index.htm
- Executive change
  Shalene Jacobson was appointed as Chief Financial Officer at GUARANTY BANCSHARES INC /TX/.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: The Company has appointed Shalene Jacobson to become the Company’s next CFO, effective upon Mr. Payne’s retirement on December 29, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058867/000095017023054509/0000950170-23-054509-index.htm
- Executive change
  Clifton A. Payne departed as Director at GUARANTY BANCSHARES INC /TX/.
  - Action: retire
  - Role: Director
  source text: Mr. Payne will also retire from the Company’s board of directors effective December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058867/000095017023054509/0000950170-23-054509-index.htm

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