Southwest Georgia Financial Corporation Announces Results of Special Meeting of Shareholders
27 Mars 2020 - 8:45PM
Business Wire
Southwest Georgia Financial Corporation (NYSE American: SGB)
(“SGB”), a full-service community bank holding company, announced
the voting results of its Special Meeting of Shareholders that was
held today.
As of the record date of February 12, 2020, SGB had 2,548,510
shares outstanding that were entitled to vote, of which 2,216,672,
or 87.0%, were represented at the meeting.
Of the shares voted at the meeting, 84.5% approved the
previously announced Agreement and Plan of Merger, dated as of
December 18, 2019, by and between SGB and The First Bancshares,
Inc. (Nasdaq: FBMS) (“First Bancshares”), pursuant to which SGB
will merge with and into First Bancshares, with First Bancshares as
the surviving company.
Of the shares voted at the meeting, 78.0% voted to approve the
advisory compensation proposal, supporting the compensation that
SGB’s named executive officers may receive from SGB in connection
with the merger.
About Southwest Georgia Financial Corporation
Southwest Georgia Financial Corporation is a state-chartered
bank holding company with approximately $548 million in assets
headquartered in Moultrie, Georgia. Its primary subsidiary,
Southwest Georgia Bank, offers comprehensive financial services to
consumer, business, and government customers. The current banking
facilities include the main office located in Colquitt County and
branch offices located in Baker County, Worth County, Lowndes
County and Tift County. In addition to conventional banking
services, SGB provides investment planning and management, trust
management, and commercial and individual insurance products.
Insurance products and advice are provided by Southwest Georgia
Insurance Services, which is located in Colquitt County. SGB
routinely posts news and other important information on its website
at: www.sgb.bank.
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version on businesswire.com: https://www.businesswire.com/news/home/20200327005487/en/
SGB: T. Garrett Westbrook, CPA Vice President and
Controller Phone: (229) 873-3832 investorinfo@sgfc.com
Investor Relations: Deborah K. Pawlowski Kei Advisors LLC
Phone: (716) 843-3908 dpawlowski@keiadvisors.com
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