---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-25-000051"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2025-07-07T23:59:59+00:00"
generated_at: "2026-05-18T09:15:49.175307+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Guaranty Bancshares issues 2.2M common shares in debt-for-equity swap and private placement

## Summary
- Issued 1,981,506 shares to director Edgar Ray Smith III in exchange for $15M subordinated note due 2032.
- Private placement of 131,460 shares at $8.10/share for general corporate purposes.
- Issued 36,060 and 52,422 shares as interest payments on promissory note and subordinated note to Smith & Tate.
- All offerings are unregistered, relying on Section 4(2) and Regulation D exemptions.

## SEC filing metadata
- accession: 0001408534-25-000051
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2025-07-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853425000051/0001408534-25-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853425000051/fgbi-20250630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-25-000051
- JSON: https://secwatch.observer/filing/0001408534-25-000051.json
- Plain text: https://secwatch.observer/filing/0001408534-25-000051.txt

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