secwatch.observer — SEC 8-K summary
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Issuer:     First Guaranty Bancshares, Inc. (FGBI)
CIK:        0001408534
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001408534-26-000016
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000016/0001408534-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408534/000140853426000016/fgbi-20260320.htm
  HTML page:      https://secwatch.observer/filing/0001408534-26-000016

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