SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

First Guaranty Bancshares, Inc.

(Name of Issuer)

 

 

Common Stock, $1.00 par value per share         

(Title of Class of Securities)

 

 

32043P106

(CUSIP Number)

 

 

William K. Hood

11239 Highway 16

Amite, LA 70422
(985) 748-7118

 


(Name, Address and Telephone Number of Person Authorized to Receive

Notices and Communications)

 

 

December 31, 2023

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

*

The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

CUSIP No.          32043P106         

 

 

1

NAME OF REPORTING PERSONS

 

William K. Hood

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

(a)      ☒

(b)      ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (See Instructions)

 

OO

5

CHECK BOX IF DISCLOSURE OR LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                                                                         ☐

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Louisiana, United States

NUMBER OF SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING PERSON

WITH

7

SOLE VOTING POWER

 

680,560

8

SHARED VOTING POWER

 

0

9

SOLE DISPOSITIVE POWER

 

680,560

10

SHARED DISPOSITIVE POWER

 

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

680,560

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)                                                                                  ☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

5.46%

14

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

1

 

1

NAME OF REPORTING PERSONS

 

Smith & Hood Holding Company, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

(a)      ☒

(b)      ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (See Instructions)

 

OO

5

CHECK BOX IF DISCLOSURE OR LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                                                                         ☐

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Louisiana, United States

NUMBER OF SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING PERSON

WITH

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

1,062,817

9

SOLE DISPOSITIVE POWER

 

0

10

SHARED DISPOSITIVE POWER

 

1,062,817

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,062,817

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)                                                                                  ☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.52%

14

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

2

 

1

NAME OF REPORTING PERSONS

 

Smith & Hood Investments, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(See Instructions)

(a)      ☒

(b)      ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (See Instructions)

 

OO

5

CHECK BOX IF DISCLOSURE OR LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                                                                         ☐

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Louisiana, United States

NUMBER OF SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING PERSON

WITH

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

338,702

 

9

SOLE DISPOSITIVE POWER

 

0

 

10

SHARED DISPOSITIVE POWER

 

338,702

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

338,702

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)                                                                                  ☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

2.71%

14

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

3

 

1

NAME OF REPORTING PERSONS

 

WKH Management, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

(a)      ☒

(b)      ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (See Instructions)

 

OO

5

CHECK BOX IF DISCLOSURE OR LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                                                          ☐               

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Louisiana, United States

NUMBER OF SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING PERSON

WITH

7

SOLE VOTING POWER

 

0

8

SHARED VOTING POWER

 

28,044

9

SOLE DISPOSITIVE POWER

 

0

10

SHARED DISPOSITIVE POWER

 

28,044

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

28,044

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)                                                                                  ☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.22%

14

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

4

 

1

NAME OF REPORTING PERSONS

 

Hood Investments, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

(a)      ☒

(b)      ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (See Instructions)

 

OO

5

CHECK BOX IF DISCLOSURE OR LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                                                                         ☐

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Louisiana, United States

NUMBER OF SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING PERSON

WITH

7

SOLE VOTING POWER

 

78,508

8

SHARED VOTING POWER

 

0

9

SOLE DISPOSITIVE POWER

 

78,508

10

SHARED DISPOSITIVE POWER

 

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

78,508

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)                                                                                  ☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

             0.63%

14

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

5

 

1

NAME OF REPORTING PERSONS

 

WKH Holdings, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

(a)      ☒

(b)      ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS (See Instructions)

 

OO

5

CHECK BOX IF DISCLOSURE OR LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                                                                         ☐

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Louisiana, United States

NUMBER OF SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING PERSON

WITH

7

SOLE VOTING POWER

 

202,196

8

SHARED VOTING POWER

 

0

9

SOLE DISPOSITIVE POWER

 

202,196

10

SHARED DISPOSITIVE POWER

 

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

202,196

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)                                                                                  ☐

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

1.62%

14

TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

6

 

 

Explanatory Note

 

This Amendment No. 4 amends and restates the statement on Schedule 13D originally filed with the Securities and Exchange Commission (the “SEC”) on February 14, 2023, as previously amended and restated by the Amendment No. 1 on Schedule 13D originally filed with the SEC on April 6, 2023, the Amendment No. 2 on Schedule 13D originally filed with the SEC on June 5, 2023, and the Amendment No. 3 on Schedule 13D originally filed with the SEC on February 14, 2024 (collectively, the “Original Statement”) by William K. Hood; Smith & Hood Holding Company, LLC; Smith & Hood Investments, LLC; WKH Management, LLC; Hood Investments, LLC and WKH Holdings, LLC with respect to the common stock, $1.00 par value per share (the “Common Stock”), of First Guaranty Bancshares, Inc., a Louisiana corporation (the “Issuer”). Unless otherwise defined herein, capitalized terms used in this Amendment No. 4 shall have the meanings ascribed to them in the Original Statement. Unless amended or supplemented below, the information in the Statement remains unchanged. This Amendment No. 4 reflects transactions since the most recent amendment, which did not collectively result in a material change with respect to the reporting person’s ownership of Issuer Common Stock.

 

Item 1. Security and Issuer

 

This Schedule 13D relates to the common stock, $1.00 par value per share (the “Common Stock”), of First Guaranty Bancshares, Inc., a Louisiana corporation (the “Issuer”). The principal executive offices of the Issuer are located at 400 East Thomas Street, Hammond, Louisiana 70401.

 

The Issuer had 12,475,424 shares of Common Stock outstanding as of December 19, 2023. All beneficial ownership and voting power percentage calculations with respect to the Common Stock are based on the outstanding shares as of such date.

 

All beneficial ownership calculations contained in this Schedule 13D have been made in accordance with Rule 13d-3 of the Securities Exchange Act of 1934, as amended.

 

Item 2. Identity and Background

 

(a), (f)         This Schedule 13D is being filed by or on behalf of (i) William K. Hood, an individual resident of the state of Louisiana; (ii) Smith & Hood Holding Company, LLC, a Louisiana limited liability company of which Mr. Hood is President and Chairman (“Holding LLC”); (iii) Smith & Hood Investments, LLC, a Louisiana limited liability company of which Mr. Hood is a member (“Investments, LLC”); (iv) WKH Management, LLC, a Louisiana limited liability company of which Mr. Hood is a member (“WKH Management”); (v) Hood Investments, LLC, a Louisiana limited liability company of which Mr. Hood is the sole member (“Hood Investments, LLC”) and (vi) WKH Holdings, LLC, a Louisiana limited liability company of which Mr. Hood is a member (“WKH Holdings”) (each, a “Reporting Person” and collectively, the “Reporting Persons”).

 

(b)         The business address of William K. Hood is 11239 Highway 16, Amite, LA 70422. The address of Holding LLC and Investments, LLC is 11239 Highway 16, Amite, LA 70422. The address of WKH Management and WKH Holdings is 501 South First Street, Amite, LA 70422. The address of Hood Investments, LLC is 11239 Highway 16, Amite, LA 70422.

 

(c)         Mr. Hood’s principal occupation is owner and operator of car dealerships. The principal business of Holding LLC is to invest in Issuer securities. The principal business of Investments, LLC is managing investments, including but not limited to Issuer securities, as well as holding real estate. The principal business of WKH Management is a company that holds real estate, some automotive dealership related fixtures and furnishings, and investments, as well as investments in Issuer securities. The principal business of Hood Investments, LLC is to hold real estate for automobile dealerships, automobile dealerships, and investments, including but not limited to Issuer securities. The principal business of WKH Management is to hold investments, including but not limited to Issuer securities.

 

(d), (e)         During the last five years, no Reporting Person, nor to Mr. Hood’s knowledge any general partner or person acting in such capacity of each Reporting Person, has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) nor has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

7

 

Item 3. Source and Amount of Funds or Other Consideration

 

The majority of the shares owned by each Reporting Person was owned prior to the Issuer becoming a reporting company and the remainder were purchased on the open market or the result of a dividend reinvestment program open to all shareholders. The source and amount of funds used to purchase other shares of Common Stock have been reported in previous amendments.

 

Item 4. Purpose of the Transaction

 

The Reporting Persons acquired the Common Stock reported on this Schedule 13D for investment purposes. The Reporting Persons may in the future acquire additional shares of Common Stock or dispose of some or all of the shares of Common Stock held by them on the open-market or in privately negotiated transactions, on such terms and at such times as the Reporting Persons may deem advisable.

 

Mr. Hood currently serves as a director of the Issuer. None of the Reporting Persons has any present plan or proposal that would result in any actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D, except as might be proposed by Mr. Hood in his capacity as a Director of the Issuer or by such Board with the participation of Mr. Hood as a Director. The Reporting Persons reserve the right in the future to formulate any such plans or proposals, and to take any actions with respect to their investments in the Issuer, including any or all actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D.

 

Item 5. Interest in Securities of the Issuer

 

(a), (b)          Mr. Hood may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 2,390,827 shares of Common Stock, or 19.16% of the outstanding shares of Common Stock. Holding LLC may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 1,062,817 shares of Common Stock, or 8.52% of the outstanding shares of Common Stock. Investments, LLC may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 338,702 shares of Common Stock, or 2.71% of the outstanding shares of Common Stock. WKH Management may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 28,044 shares of Common Stock, or 0.22% of the outstanding shares of Common Stock. Hood Investments, LLC may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 78,508 shares of Common Stock, or 0.63% of the outstanding shares of Common Stock. WKH Holdings may be deemed to beneficially own and have shared voting and dispositive power over an aggregate of 202,196 shares of Common Stock, or 1.62% of the outstanding shares of Common Stock.

 

(c)         Except as otherwise set forth in Item 3 above or as reported on a Statement of Changes in Beneficial Ownership on Form 4, no Reporting Person has effected any transactions in shares of the Issuer’s shares of Common Stock during the last 60 days.

 

(d)         No person or entity is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported on this Statement except for the owners listed herein.

 

(e)         Not applicable.

 

8

 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

 

None.

 

Item 7. Material to be Filed as Exhibits

 

Exhibit No.         Description

 

99.1                           Joint Filing Agreement*

 

* Previously filed.

 

9

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

Date: February 14, 2024

 

       
 

By:

 /s/ William K. Hood

 
   

William K. Hood

 

 

Smith & Hood Holding Company, LLC

 
       
       
 

By:

 /s/ William K. Hood

 
   

Name: William K. Hood

 
   

Title: Member

 

 

Smith & Hood Investments, LLC  
       
       
  By:  /s/ William K. Hood  
    Name: William K. Hood  
    Title: Member  
       
WKH Management, LLC  
   
       
  By:  /s/ William K. Hood  
    Name: William K. Hood  
    Title: Member  
       
Hood Investments, LLC  
   
       
  By:  /s/ William K. Hood  
    Name: William K. Hood  
    Title: Member  
       
WKH Holdings, LLC  
   
       
  By:  /s/ William K. Hood  
    Name: William K. Hood  
    Title: Member  

 

 

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