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<SEC-DOCUMENT>0001206774-05-000054.txt : 20050125
<SEC-HEADER>0001206774-05-000054.hdr.sgml : 20050125
<ACCEPTANCE-DATETIME>20050124182712
ACCESSION NUMBER:		0001206774-05-000054
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050124
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
FILED AS OF DATE:		20050125
DATE AS OF CHANGE:		20050124

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GUARANTY BANCSHARES INC /TX/
		CENTRAL INDEX KEY:			0001058867
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				751656431
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24235
		FILM NUMBER:		05545577

	BUSINESS ADDRESS:	
		STREET 1:		100 WEST ARKANSAS
		CITY:			MT PLEASANT
		STATE:			TX
		ZIP:			75456
		BUSINESS PHONE:		9035729881

	MAIL ADDRESS:	
		STREET 1:		100 WEST ARKANSAS
		CITY:			MT PLEASANT
		STATE:			TX
		ZIP:			75456
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>gb71397.htm
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<p  align="center"><font size="5" face="Times New Roman"><b>SECURITIES AND EXCHANGE COMMISSION<br> </b></font>
<font size="3"><b>WASHINGTON, D.C. 20549</b></font></p>
<p  align="center">
<font size="5" face="Times New Roman"><b>FORM 8-K</b></font></p>
<p  align="center">
<font size="3" face="Times New Roman"><b>CURRENT REPORT<br> PURSUANT TO SECTION 13 or 15(D) OF<br> THE SECURITIES EXCHANGE ACT OF 1934</b></font></p>
<p  align="center">
<font size="2" face="Times New Roman"><b>Date of Report (Date of earliest event reported):&#160; January 24, 2005</b></font></p>
<p  align="center">
<font size="6" face="Times New Roman"><b>GUARANTY BANCSHARES, INC.<br> </b></font>
<font size="1" face="Times New Roman"><b>&#160;&#160; (Exact name of registrant as specified in its charter)</b></font></p>
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<font size="2" face="Times New Roman"><b>Texas</b></font></p>  </td>
  <td width="5%" valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="30%" valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><b>0-23113</b></font></p>  </td>
  <td width="5%" valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="30%" valign="top">
  <p  align="center">
<font size="2" face="Times New Roman"><b>75-1656431</b></font></p>  </td>
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<font size="1" face="Times New Roman"><b>(State or   other jurisdiction of</b></font></p>  </td>
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  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center">
<font size="1" face="Times New Roman"><b>(Commission   File Number)</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center">
<font size="1" face="Times New Roman"><b>(I.R.S.   Employer</b></font></p>  </td>
 </tr>
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  <td  valign="top">
  <p align="center"><font size="1" face="Times New Roman"><b>incorporation   or organization)</b></font></p>  </td>
  <td  valign="top">
  <p style="margin-left:1em; text-indent:-1em"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td  valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center">
<font size="1" face="Times New Roman"><b>Identification   No.)</b></font></p>  </td>
 </tr>
</table>

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  <p  align="center">
<font size="2" face="Times New Roman"><b>100 West Arkansas</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
  <td width="35%" valign="top">
  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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<font size="2" face="Times New Roman"><b>Mount Pleasant, Texas</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center">
<font size="2" face="Times New Roman"><b>75455</b></font></p>  </td>
 </tr>
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  <p  align="center">
<font size="1" face="Times New Roman"><b>(Address of principal executive offices)</b></font></p>  </td>
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  <p  align="center"><font size=1 face="Times New Roman">&nbsp;</font></p> </td>
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  <p  align="center">
<font size="1" face="Times New Roman"><b>(Zip Code)</b></font></p>  </td>
 </tr>
</table>

<p  align="center">
<font size="2" face="Times New Roman"><b>Registrant&#146;s telephone number, including area code:&#160; (903) 572-9881</b></font></p>
<p>
<font size="2" face="Times New Roman">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: </font></p>
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  <p><font size="2" face="Wingdings">o</font></p>  </td>
  <td width="95%" valign="top">
  <p>
<font size="2" face="Times New Roman">Written communications   pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>  </td>
 </tr>
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<font size="2" face="Wingdings">o</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Soliciting material   pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>  </td>
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<font size="2" face="Wingdings">o</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Pre-commencement   communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR   240.14d-2(b)</font></p>  </td>
 </tr>
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  <p>
<font size="2" face="Wingdings">o</font></p>  </td>
  <td  valign="top">
  <p>
<font size="2" face="Times New Roman">Pre-commencement   communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR   240.13e-4(c)</font></p>  </td>
 </tr>
</table>
<BR>

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<div style="page-break-before:always"></div>
<PAGE>
<br>
<p>
<font size="2" face="Times New Roman"><b>Item 5.02&#160; Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the January 18, 2005 meeting of the Board of Directors (the &#147;Board&#148;) of Guaranty Bancshares, Inc. (the &#147;Company&#148;), the Nominating Committee nominated and the Board appointed Kirk Lee to serve as a member of the Board, effective immediately, to serve until the next annual meeting of the Company&#146;s shareholders, to be held on April 19, 2005.</font></p>

<div style="page-break-before:always"></div>
<PAGE>
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<p  align="center">
<font size="2" face="Times New Roman"><b>SIGNATURES</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>

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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">G<small>UARANTY</small> B<small>ANCSHARES</small>,   I<small>NC</small>.</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="5%" valign="bottom">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td width="35%" valign="bottom">
  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="2" face="Times New Roman">Dated:&#160; January 24, 2005</font></p>  </td>
  <td  valign="bottom">
  <p>
<font size="2" face="Times New Roman">By:</font></p>  </td>
  <td  valign="bottom">
  <p  align="center">
<font size="2" face="Times New Roman">/s/&#160; C<small>LIFTON</small> A P<small>AYNE</small></font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <hr size="1" width="100%" noshade color=black>

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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p  align="center">
<font size="1" face="Times New Roman"><b>Clifton A.   Payne</b></font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p>
<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p  align="center">
<font size="1" face="Times New Roman"><b>Senior   Vice President and</b></font></p>  </td>
 </tr>
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  <td  valign="bottom">
  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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  <p><font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
  <td  valign="bottom">
  <p  align="center"><font size="1" face="Times New Roman"><b>Chief   Financial Officer</b></font></p>  </td>
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