Company: FGBI
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001408534-25-000019
Chunk: 17

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 17
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 care of the Secretary to the Board of Directors, First Guaranty Bancshares, Inc., P. O. Box 2009, Hammond, LA 70404. Mail addressed to the "Board of Directors" will be forwarded or delivered to the Chairman of the Board.

#### Compensation Committee
The members of First Guaranty's Compensation Committee are Marshall T. Reynolds, Chairman and William K. Hood. All members of the Compensation Committee are independent directors within the meaning of the Nasdaq Stock Market rules. The Compensation Committee Charter may be accessed on www.fgb.net. The purpose of the Compensation Committee of First Guaranty is to review and approve the compensation and benefits provided to First Guaranty's directors and executive management. In addition, the Compensation Committee approves the compensation arrangements for senior management and directors and the adoption of compensation plans in which officers and directors are eligible to participate and oversees any such plans that are adopted by First Guaranty.

The Compensation Committee has the authority to delegate to the Chairman of the Compensation Committee the authority to review and set the compensation of the Chief Executive Officer, Chief Financial Officer, other senior officers or other employees.

During 2024, First Guaranty's Chairman of the Compensation Committee reviewed and set the salary and bonus for the Chief Executive Officer. The Chief Executive Officer reviewed and set salary and bonuses for senior officers for the Company and the Bank. The Company and Bank Boards approved certain annual cash bonuses for employees including senior officers.

Neither First Guaranty nor the Compensation Committee hired an outside consulting firm to determine or recommend the amount or forms of any compensation in 2024.

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### REPORT OF THE AUDIT COMMITTEE
In performance of its obligations and in accordance with the Securities and Exchange Commission rules, the Audit Committee has reviewed and discussed First Guaranty's audited consolidated financial statements with management and its independent registered public accounting firm, Griffith, DeLaney, Hillman & Lett, CPAs, PSC, and has discussed with them the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board and the Securities and Exchange Commission. In addition, the Audit Committee received from the independent registered public accounting firm written disclosures and the letter regarding the auditors' communications with the Audit Committee concerning independence required by the applicable requirements of the Public Company Accounting Oversight Board and discussed with the auditors their independence.

The Audit Committee received reports throughout the year on First Guaranty's internal controls for compliance with the applicable requirements for Section 404