---
schema_version: "secwatch.filing_event.v1"
accession: "0001408534-26-000016"
form_type: "8-K"
ticker: "FGBI"
cik: "0001408534"
company_name: "First Guaranty Bancshares, Inc."
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:11:36.691714+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First Guaranty waives nine quarterly principal payments on $39.3M note, extends stock interest option through 2028

## Summary
- Company waives principal payments of $1,007,812.50 per quarter on Promissory Note from March 2026 to March 2028 (9 quarters).
- Interest on both notes may be paid in common stock at company's option through March 31, 2028.
- Related party transaction: Lender is Smith & Tate, controlled by director/principal shareholder Edgar Ray Smith III.
- Next principal payment due June 30, 2028; final maturity remains October 5, 2033.

## SEC filing metadata
- accession: 0001408534-26-000016
- form_type: 8-K
- ticker: FGBI
- cik: 0001408534
- company_name: First Guaranty Bancshares, Inc.
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408534/000140853426000016/0001408534-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408534/000140853426000016/fgbi-20260320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408534-26-000016
- JSON: https://secwatch.observer/filing/0001408534-26-000016.json
- Plain text: https://secwatch.observer/filing/0001408534-26-000016.txt

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