Business Context and Reporting Period
Company: First Guaranty Bancshares, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 13, 2025
Reporting Period: The filing addresses events occurring on June 13, 2025, regarding the change of the company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and audit firm transitions.
Material Changes
- Dismissal of Auditor: On June 13, 2025, the Audit Committee accepted the resignation of Griffith, Delaney, Hillman & Lett, CPAs, PSC ("GDHL") as the independent registered public accounting firm.
- Engagement of New Auditor: On June 13, 2025, the Audit Committee engaged EisnerAmper, LLP as the new independent registered public accounting firm, effective immediately for the fiscal year ending December 31, 2025.
- Audit History: GDHL's reports for the years ended December 31, 2024, and 2023, were unqualified and did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
Management Commentary, Risks, and Contingencies
- Disagreements and Reportable Events: Management confirmed there were no "disagreements" or "reportable events" with GDHL during the fiscal years 2023 and 2024, or the interim period through June 13, 2025.
- Consultations with New Auditor: No consultations occurred with EisnerAmper, LLP regarding accounting principles, audit opinions, or matters involving disagreements or reportable events prior to their engagement.
- SEC Correspondence: GDHL provided a letter to the SEC dated June 18, 2025, attached as Exhibit 16.1, addressing the statements made in this report.
Investor Verification Checklist
- Review Exhibit 16.1 (GDHL's letter to the SEC) to confirm the auditor's stance on the resignation and the company's disclosures.
- Verify the transition timeline and scope of work for the new auditor, EisnerAmper, LLP, for the remainder of the 2025 fiscal year.
- Monitor upcoming filings (e.g., 10-Q or 10-K) for any restatements or changes in accounting policies resulting from the auditor change.
- Confirm that no undisclosed disagreements or reportable events exist by cross-referencing the company's statement with the auditor's letter.