Company: FGBI
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001408534-25-000019
Chunk: 13

Company: First Guaranty Bancshares, Inc.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 13
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 Committee and 13 meetings of First Guaranty Bank's Executive Committee. The Nominating and Corporate Governance Committee held one meeting in 2024. All of First Guaranty's directors attended at least 75% of the aggregate number of meetings of First Guaranty's Board of Directors plus meetings of committees on which that particular director served during this period. First Guaranty strongly encourages all members of the Board of Directors to attend the Annual Meeting of Shareholders. At First Guaranty's 2024 Annual Meeting of Shareholders, all six First Guaranty Board members at the time were present and 16 of 17 First Guaranty Bank Board members were present.

First Guaranty's Board of Directors has three standing committees: (1) an Audit Committee, (2) a Nominating and Corporate Governance Committee and (3) a Compensation Committee.

#### Audit Committee
The members of First Guaranty's Audit Committee are Jack Rossi, Chairman, William K. Hood and Edgar R. Smith III each of whom is an independent director within the meaning of Nasdaq Stock Market rules and Rule 10A-3 of the Exchange Act. The Audit Committee met six times in 2024. First Guaranty's Audit Committee Charter is published on www.fgb.net.

The Audit Committee's primary duties and responsibilities are to:

• Monitor the integrity of First Guaranty's accounting and financial reporting process and systems of internal controls.

• Monitor the independence and performance of First Guaranty's external auditors, internal auditors and outsourced internal audit consultants.

• Facilitate communication among the external auditors, management, internal auditors, and the outsourced internal audit consultants.

• Maintain oversight of the external auditors, including the appointment, compensation and, when considered necessary, the dismissal of the external auditors.

• Review and approve the scope of the annual audit, the audit fee and the financial statements and pre-approve all auditing and permitted non-audit services.

Additional functions of First Guaranty's Audit Committee include serving as a channel of communication between the auditor and regulatory examiners and the Board of Directors, reviewing examinations of First Guaranty, reviewing the results of each external audit of First Guaranty, reviewing First Guaranty's annual and quarterly financial statements, considering the adequacy of First Guaranty's internal financial controls, and attending to other matters relating to the appropriate auditing and accounting principles and practices to be used in the operation of First Guaranty in the preparation