U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 1
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2007
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____ to ____
Commission file no. 33-94288
THE FIRST BANCSHARES, INC.
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(Exact name of registrant as specified in its charter)
Mississippi 64-0862173
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(State or Other Jurisdiction of (I.R.S. Employer Identification Number)
Incorporation or Organization)
6480 U.S. Hwy. 98 West
Hattiesburg, Mississippi 39402
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(Address of principal executive offices) (Zip Code)
Issuer's telephone number: (601) 268-8998
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Securities registered under Section 12(b) of the Exchange Act:
Name of Each Exchange on
Title of EacClass Which Registered
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Common Stock, $1.00 par value NASDAQ Stock Market, LLC
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Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in rule 405 of the Securities Act.
Yes No X
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Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d)
of the Act.
Yes No X
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Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of
the Exchange Act from their obligations under those Sections.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes X No
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Indicate by check mark if disclosure of delinquent filers in response to Item 405 of Regulation S-K is not
contained herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K [ X ]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act). Yes [ ] No [ X ]
Indicate by check mark whether the registrant is a large accelerated file, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated
filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act (Check one):
Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company X
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Based on the price at which the registrant's Common Stock was last sold at June 29, 2007, at that date, the
aggregate market value of the registrant's Common Stock held by non-affiliates of the registrant (assuming solely for
the purposes of this calculation that all directors and executive officers of the registrant are "affiliates") was
$55,606,023.
State the number of shares outstanding of each of the registrant's classes of common stock, as of the latest
practicable date. 2,989,401 on March 25, 2008.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the following documents are incorporated by reference to Parts II and III of the Form 10-K report:
Proxy Statement dated April 17, 2008, and the Annual Report to the Stockholders for the year ended December 31, 2007.
EXPLANATORY NOTE
The First Bancshares, Inc. (the "Company") filed its Annual Report on Form 10-K for the year ended
December 31, 2007 on March 28, 2008 (the "Original Filing"). The Company is filing this Amendment No. 1 on Form
10-K/A (this "Amendment") solely to amend the table under the heading "Per Share Amounts" located at Note B,
section 17 of Exhibit 13 to the Original Filing. The table is being amended to change the value ".25" located
under the third column to read "1.25," as the digit "1" was inadvertently omitted from the Original Filing. The
table was correct in the Annual Report distributed to shareholders. No revisions have been made to the Company's
financial statements or any other disclosure contained in the Original Filing.
Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, this Amendment contains only
the text included in Exhibit 13 to the Original Filing and new certifications pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002. Those sections or exhibits of the Original Filing that are unaffected by this
Amendment are not included herein.
This Amendment continues to speak as of the date of the Original Filing, and the Company has not updated
the disclosure contained herein to reflect events that have occurred since the filing of the Original Filing.
Accordingly, this Amendment should be read in conjunction with the Company's other filings, if any, made with the
Securities and Exchange Commission subsequent to the filing of the Original Filing, including the amendments to
those filings, if any.
PART IV
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.The following exhibits are furnished (or incorporated by reference):
Exhibit Number Description
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13 The Company's 2007 Annual Report
31 Rule 13a-14(a)/15d-14(a) Certifications
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
THE FIRST BANCSHARES, INC.
Date: May 9, 2008 By: /s/ David E. Johnson
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David E. Johnson
Chief Executive Officer (Principal Executive Officer)
Date: May 9, 2008 By: /s/ Dee Dee Lowery
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Dee Dee Lowery
Executive VP and Chief Financial Officer
(Principal Financial and Principal Accounting Officer)
In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
SIGNATURES CAPACITIES DATE
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/s/ David E. Johnson Chairman, CEO May 9, 2008
------------------------------------- Director (Principal
Executive Officer)
/s/ Dee Dee Lowery Executive VP & Chief Financial May 9, 2008
------------------------------------- Officer (Principal Financial
and Accounting Officer)