{"schema_version":"secwatch.filing_event.v1","accession":"0001408534-25-000049","form_type":"8-K","ticker":"FGBI","cik":"0001408534","company_name":"First Guaranty Bancshares, Inc.","filed_at":"2025-06-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.192814+00:00","generated_at":"2026-05-19T02:40:31.049298+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Guaranty Bancshares to exchange $15M subordinated note for 1.98M common shares","bullets":["Exchange of $15M subordinated note (due 2032) held by director Edgar Ray Smith III for 1,981,506 newly issued common shares.","Expected closing on or about June 30, 2025; note will be cancelled and interest ceases.","Transaction reduces debt, interest expense, and replaces Tier 2 capital with common equity.","Exchange shares are unregistered; Smith is an accredited investor; customary conditions apply."],"urls":{"canonical":"https://secwatch.observer/filing/0001408534-25-000049","json":"https://secwatch.observer/filing/0001408534-25-000049.json","markdown":"https://secwatch.observer/filing/0001408534-25-000049.md","text":"https://secwatch.observer/filing/0001408534-25-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1408534/000140853425000049/0001408534-25-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1408534/000140853425000049/fgbi-20250616.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T02:40:31.049298+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}