SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 10, 1998
THE FIRST BANCSHARES, INC.
(Exact name of registrant
as specified in its charter)
Mississippi 33-9428 64-0862173
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
6480 U.S. Highway 98 West, Hattiesburg, Mississippi 39404
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (601) 268-8998
N/A
(Former name or former address, if changed since last report.)
Page 1 of 4 Pages
The Exhibit Index Appears on Page 4
ITEM 5. OTHER EVENTS.
On June 10, 1998, an Employment Agreement by and between the Company and
The First National Bank of the Pine Belt in organization (the "Bank") and
William M. Renovich (the "Executive") was executed in order to place Mr.
Renovich as President and Chief Executive Officer of the Bank, and intends to
assure the Executive that his employment will be of a reasonably secure nature.
On June 19, 1998 a Bank Development Agreement by and among the Company and
16 individual organizers of The First National Bank of the Pine Belt (the
"Bank") was executed. The Bank will be organized as a wholly-owned subsidiary
of the Holding Company and is anticipated to be a national bank, chartered by
the Office of the Comptroller of the Currency.
A copy of the above mentioned agreements are filed as Exhibits 10.1 and
10.2 to this Current Report on Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE FIRST BANCSHARES, INC.
By: /s/ David E. Johnson
David E. Johnson, Chief Executive Officer
Dated: June 19, 1998.
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Exhibit Index
Exhibit No. Description Sequential Page Number
- ----------- ----------- ----------------------
10.1 Employment Agreement dated June 10, Page 5
1998 by and between the Company and
The First National Bank of the Pine
Belt and William M. Renovich.
10.2 Bank Development Agreement dated Page 23
June 19, 1998 by and among the Company
and the organizers of The First
National Bank of the Pine Belt.
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