secwatch.observer — SEC 8-K summary
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Issuer:     GUARANTY BANCSHARES INC /TX/ (—)
CIK:        0001058867
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0000950170-24-000059
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guaranty Bancshares appoints Shalene Jacobson as CFO, grants equity awards
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- Jacobson appointed EVP and CFO of Guaranty Bancshares effective Dec. 29, 2023; also EVP/CFO of subsidiary Guaranty Bank.
- She received 5,000 stock options at $30.50 (5-yr vest) and 3,000 restricted shares (3-yr vest) under the 2015 Equity Plan.
- Employment agreement runs to May 20, 2026, with automatic 3-yr renewal; base salary not less than $168,000.
- If terminated without cause or resigns for good reason, severance equals average of prior 3 years' W-2 compensation.
- Appointed advisory board member of the Company (Dec. 1, 2023) and director of the Bank (Jan. 1, 2024).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058867/000095017024000059/0000950170-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058867/000095017024000059/gnty-20231229.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-000059

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