secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2025-06-09T23:59:59+00:00
Accession:  0001408534-25-000045
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Guaranty Bancshares defers principal payments, allows stock interest payments for four quarters
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- Waived $1,007,812.50 quarterly principal payments on Promissory Note for June 2025 through March 2026.
- Interest due from June 2025 to March 2026 on both notes can be paid in cash or common stock at company's option.
- Subordinated Note interest payment frequency changed from monthly to quarterly.
- Amendments with Smith & Tate Investment, entity controlled by director/principal shareholder Edgar Ray Smith III.
- All other terms of notes remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000045/0001408534-25-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853425000045/fgbi-20250604.htm
  HTML page:      https://secwatch.observer/filing/0001408534-25-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer