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<head><title>_</title> </head> <body style="MARGIN-TOP:0px; FONT-FAMILY:Times New Roman; COLOR:#000000; FONT-SIZE:10pt"> <div style=WIDTH:624px> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center><b>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px; FONT-SIZE:12pt" align=center><b>Washington, D.C. 20549</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:18px; FONT-SIZE:14pt" align=center><b>FORM 8-K</b></p> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center><b>CURRENT REPORT</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px; FONT-SIZE:12pt" align=center><b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px"><br></p></div> <table style="MARGIN-TOP:0px; FONT-SIZE:10pt" cellpadding=0 cellspacing=0> <tr height=0 style=FONT-SIZE:0px> <td width=212> <td width=106> <td width=30> <td width=76> <td width=127> <td width=85 /> </tr><tr> <td width=319 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt">Date of report (Date of earliest event reported)</p></td> <td width=319 colspan=4 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt">December 1, 2011 (November 28, 2011)</p></td></tr> <tr> <td width=319 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td> <td width=319 colspan=4 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=638 colspan=6 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:14pt" align=center>1<sup>st</sup> Franklin Financial Corporation</p></td></tr> <tr> <td width=638 colspan=6 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>(Exact name of registrant as specified in its charter)</p></td></tr> <tr> <td width=319 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td> <td width=319 colspan=4 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=212 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>Georgia</p></td> <td width=212 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>2-27985</p></td> <td width=212 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>58-0521233</p></td></tr> <tr> <td width=212 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>(State or other jurisdiction <br>of incorporation)</p></td> <td width=212 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>(Commission File Number)</p></td> <td width=212 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>(IRS employer <br>Identification No.)</p></td></tr> <tr> <td width=319 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td> <td width=319 colspan=4 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=553 colspan=5 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>213 East Tugalo Street, P.O. Box 880, Toccoa, Georgia</p></td> <td width=85 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>30577</p></td></tr> <tr> <td width=553 colspan=5 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>(Address of principal executive offices)</p></td> <td width=85 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>(Zip Code)</p></td></tr> <tr> <td width=319 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td> <td width=319 colspan=4 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=349 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt">Registrant's telephone number, including area code</p></td> <td width=289 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt">(706) 886-7571</p></td></tr> <tr> <td width=319 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td> <td width=319 colspan=4 style=MARGIN-TOP:0px valign=top> <p style="PADDING-BOTTOM:0px; MARGIN:0px; PADDING-LEFT:0px; PADDING-RIGHT:0px; FONT-SIZE:12pt; PADDING-TOP:0px">&nbsp;</p></td></tr> <tr> <td width=638 colspan=6 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>n/a</p></td></tr> <tr> <td width=638 colspan=6 style=MARGIN-TOP:0px valign=top> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>(Former name or former address, if changed since last report)</p></td></tr></table> <div style=WIDTH:624px> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </p> <p style=MARGIN:0px><br><br></p> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>1</p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:16px; FONT-SIZE:12pt"><b>Section 5 &#150; Corporate Governance and Management</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px; FONT-SIZE:12pt"><b>Item 5.01 &#150; Changes in Control of Registrant</b>.</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; MARGIN-BOTTOM:16px; FONT-SIZE:12pt" align=justify>On November 28, 2011, Ben F. Cheek, III, Chairman and Chief Executive Officer of 1<sup>st</sup> Franklin Financial Corporation (the &#147;Company&#148;), as a part of his estate planning activities, transferred his 1,160 shares (representing approximately 68.2%) of the Company&#146;s voting common stock, $100.00 par value per share (the &#147;Common Stock&#148;), to his adult children, Ben F. Cheek, IV, the Company&#146;s Vice Chairman, Virginia C. Herring, the Company&#146;s President, and David W. Cheek. &nbsp;As a result of such transfer, Ben F. Cheek, IV, Virginia&nbsp;C. Herring and David W. Cheek each own approximately 37.9%, 37.9% and 24.2%, respectively, of the Common Stock.</p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; MARGIN-BOTTOM:16px; FONT-SIZE:12pt" align=justify>There are no arrangements or understandings among any of the foregoing individuals with respect to the election of directors of the Company or any other matters, nor are any of such individuals aware of any arrangements which may result in a subsequent change of control of the Company.</p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:16px"><br><br></p> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>2</p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN-TOP:0px; MARGIN-BOTTOM:16px; FONT-SIZE:12pt" align=center><b>SIGNATURES</b></p> <p style="MARGIN-TOP:0px; TEXT-INDENT:48px; MARGIN-BOTTOM:16px; FONT-SIZE:12pt">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.</p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; PADDING-LEFT:312px; FONT-SIZE:12pt">1<sup>ST</sup> FRANKLIN FINANCIAL CORPORATION</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; PADDING-LEFT:312px; FONT-SIZE:12pt">By: &nbsp;<u>/s/ A. Roger Guimond&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p> <p style="MARGIN:0px; PADDING-LEFT:336px; FONT-SIZE:12pt">&nbsp;Name: &nbsp;A. Roger Guimond</p> <p style="MARGIN:0px; PADDING-LEFT:336px; FONT-SIZE:12pt">&nbsp;Title: &nbsp;&nbsp;&nbsp;Executive Vice President and<br></p> <p style="TEXT-INDENT:48px; MARGIN:0px; PADDING-LEFT:336px">&nbsp;&nbsp;Chief Financial Officer</p> <p style=MARGIN:0px><br></p> <p style="MARGIN:0px; FONT-SIZE:12pt">Date: &nbsp;December 1, 2011</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="MARGIN:0px; FONT-SIZE:12pt" align=center>3<br></p></div></body>
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{"company-data": {"conformed-name": "1st FRANKLIN FINANCIAL CORP", "cik": "0000038723", "assigned-sic": "6141", "irs-number": "580521233", "state-of-incorporation": "GA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "002-27985", "film-number": "111237346"}, "business-address": {"street1": "135 E TUGALO ST", "street2": "P O BOX 880", "city": "TOCCOA", "state": "GA", "zip": "30577", "phone": "4048867571"}, "mail-address": {"street1": "135 EAST TUGALO STREET", "street2": "PO  BOX  880", "city": "TOCCOA", "state": "GA", "zip": "30577"}, "former-company": [{"former-conformed-name": "FIRST FRANKLIN FINANCIAL CORP", "date-changed": "19920703"}, {"former-conformed-name": "FRANKLIN DISCOUNT CO", "date-changed": "19840115"}]}
_
UNITED STATES
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)
December 1, 2011 (November 28, 2011)
1
st
Franklin Financial Corporation
(Exact name of registrant as specified in its charter)
Georgia
2-27985
58-0521233
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS employer
Identification No.)
213 East Tugalo Street, P.O. Box 880, Toccoa, Georgia
30577
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(706) 886-7571
n/a
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
Section 5 – Corporate Governance and Management
Item 5.01 – Changes in Control of Registrant
.
On November 28, 2011, Ben F. Cheek, III, Chairman and Chief Executive Officer of 1
st
Franklin Financial Corporation (the "Company"), as a part of his estate planning activities, transferred his 1,160 shares (representing approximately 68.2%) of the Company's voting common stock, $100.00 par value per share (the "Common Stock"), to his adult children, Ben F. Cheek, IV, the Company's Vice Chairman, Virginia C. Herring, the Company's President, and David W. Cheek.  As a result of such transfer, Ben F. Cheek, IV, Virginia C. Herring and David W. Cheek each own approximately 37.9%, 37.9% and 24.2%, respectively, of the Common Stock.
There are no arrangements or understandings among any of the foregoing individuals with respect to the election of directors of the Company or any other matters, nor are any of such individuals aware of any arrangements which may result in a subsequent change of control of the Company.
2
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.
1
ST
FRANKLIN FINANCIAL CORPORATION
By:
/s/ A. Roger Guimond
Name:  A. Roger Guimond
Title:    Executive Vice President and
Chief Financial Officer
Date:  December 1, 2011
3