Item 8.01 Other Events.
On March 24, 2020, Southwest Georgia Financial Corporation ("SGB") issued a
press release announcing notice of a change in location of its Special Meeting
of Shareholders to be held on Friday, March 27, 2020 at 10:00 a.m. Eastern Time
(the "Special Meeting"). In light of public health concerns regarding the
coronavirus, or COVID-19, and the restriction of public gatherings of 10 or more
people in Georgia, the Special Meeting has been changed to be held in a virtual
meeting format only. The purpose of the Special Meeting is to consider and vote
on certain proposals relating to the previously announced Agreement and Plan of
Merger, dated as of December 18, 2019, by and between SGB and The First
Bancshares, Inc. ("First Bancshares"), pursuant to which SGB will merge with and
into First Bancshares, with First Bancshares as the surviving company.
A copy of that press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Further information regarding this change to the location of the special meeting
can be found in the Notice of Change of Location filed by SGB with the SEC on
Schedule 14A on March 25, 2020 (the "Notice of Change of Location"). A copy of
the Notice of Change of Location is attached hereto as Exhibit 99.2 and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) EXHIBITS
Exhibit
Number Description
99.1 Press Release dated March 24, 2020.
99.2 Notice of Change of Location dated March 24, 2020.
Additional Information about the Merger and Where to Find It
This document does not constitute an offer to sell or the solicitation of an
offer to buy any securities, or a solicitation of any vote or approval, nor
shall there be any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
In connection with the proposed Merger, First Bancshares has filed with the
Securities and Exchange Commission ("SEC") a registration statement on Form S-4
to register the shares of First Bancshares's capital stock to be issued in
connection with the merger, as amended on February 18, 2020. The registration
statement was declared effective by the SEC February 19, 2020. The registration
statement includes a proxy statement/prospectus. SGB commenced mailing the
definitive proxy statement to shareholders on or about February 21, 2020. WE
URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT ON FORM
S-4, THE PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT
ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC
IN CONNECTION WITH THE PROPOSED MERGER BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT FIRST BANCSHARES, SGB AND THE PROPOSED MERGER. The proxy
statement/prospectus has been sent to the shareholders of SGB seeking the
required shareholder approval. Investors and security holders are able to obtain
free copies of the registration statement on Form S-4 and the related proxy
statement/prospectus, as well as other documents filed with the SEC by First
Bancshares and SGB through the web site maintained by the SEC at www.sec.gov.
Investors and security holders will be able to obtain free copies of the
registration statement on Form S-4 and the related proxy statement/prospectus,
as well as other documents filed with the SEC by First Bancshares and SGB
through the website maintained by the SEC at www.sec.gov. Documents filed with
the SEC by First Bancshares will also be available free of charge by accessing
First Bancshares's website at https://www.thefirstbank.com/ under the menu item
"Investor Relations", then under the heading "Documents" and then under the
heading "SEC Filings". Documents filed with the SEC by SGB will also be
available free of charge by accessing SGB's website at https://www.sgb.bank/
under the heading "Investor Relations".
Participants in the Transaction
SGB, First Bancshares and certain of their respective directors and executive
officers may be deemed to be participants in the solicitation of proxies from
the shareholders of SGB in connection with the proposed transaction. Certain
information regarding the interests of these participants and a description of
their direct and indirect interests, by security holdings or otherwise, will be
included in the proxy statement/prospectus regarding the proposed transaction
when it becomes available. Additional information about First Bancshares and its
directors and officers may be found in the definitive proxy statement of First
Bancshares relating to its 2019 Annual Meeting of Stockholders filed with the
SEC on April 3, 2019. Additional information about SGB and its directors and
officers may be found in the definitive proxy statement of SGB relating to its
2019 Annual Meeting of Stockholders filed with the SEC on April 18, 2019. The
definitive proxy statement can be obtained free of charge from the sources
described above.
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