<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
GUARANTY BANCSHARES HOLDING CORPORATION
- --------------------------------------------------------------------------------
(Name of issuer)
CLASS A COMMON STOCK, $5.00 PAR VALUE, CLASS B COMMON STOCK, NO PAR VALUE
- --------------------------------------------------------------------------------
(Title of class of securities)
- --------------------------------------------------------------------------------
(CUSIP number)
M. WALKER BAUS
LECORGNE, LIVAUDAIS & BAUS
203 Carondelet Street, Suite 210
New Orleans, Louisiana 70130
(504) 523-5882
- --------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
July 22, 1996
- --------------------------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
/ /.
Check the following box if a fee is being paid with the statement /x/.
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
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 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).
(Page 1 of 11 Pages)
(Exhibit Index on Page 6)
<PAGE>
==============================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CARI INVESTMENT CORPORATION
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
LOUISIANA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 17,979
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
17,979
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
17,979
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.72%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
===============================================================================
<PAGE>
===============================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PAUL M. ORDOGNE
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 24,936(1)
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
24,936(1)
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
24,936(1)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.55%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
(1) Includes 16,556 shares of Common Stock in the Estate of Murray P.
Ordogne, of which Mr. Ordogne is executor and a beneficiary.
================================================================================
<PAGE>
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CHRISTIAN G. VACCARI
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------
8 SHARED VOTING POWER
17,979(2)
--------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
17,979(2)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
17,979(2)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.72%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
===============================================================================
(2) All shares represent shares owned by Cari Investment Company (formerly Cari
Corporation) over which Mr. Vaccari shares voting and disposition power. Mr.
Vaccari is an executive officer and director of Cari Investment Company.
===============================================================================
<PAGE>
===============================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
VIRGIL ALLEN
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,422(3)
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------
8 SHARED VOTING POWER
56(3)
--------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,422(3)
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
56(3)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,478(3)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.44%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
===============================================================================
(3) Including 56 shares of Common Stock shares held by Katherine Allen over
which Mr. Allen shares voting power.
===============================================================================
<PAGE>
===============================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
VINCENT A. CANNATA, JR.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------
8 SHARED VOTING POWER
6,910(4)
--------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,910(4)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,910(4)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.81%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
===============================================================================
(4) All shares represent shares owned by Cannata's Supermarket, Inc.
over which Mr. Cannata shares voting and investment power.
===============================================================================
<PAGE>
===============================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
RICHARD W. CRYAR
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
-0-
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
===============================================================================
<PAGE>
===============================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ANTHONY J. GUARISCO, JR.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
-0-
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
===============================================================================
<PAGE>
===============================================================================
Item 1. Security and Issuer.
-------------------
This statement relates to shares of Class A Common Stock, par value
$5.00 per share, and shares of Class B Common Stock, no par value per share
(collectively, the "Common Stock"), of Guaranty Bancshares Holding Corporation
(the "Issuer"). The principal executive offices of the Issuer are located at
1201 Brashear Ave., Morgan City, Louisiana 70381.
Item 2. Identity & Background.
Cari Investment Company ("Cari") is a Louisiana corporation. Cari is
a privately-held diversified holding company which, through its various
operating subsidiaries, is involved in the following industries: merchant
banking, investment advisory, financial services, metal fabrication, marine
vessels, marine transportation and food processing. The principal business
address of Cari is 1100 Poydras St., Suite 2000, New Orleans, Louisiana 70163.
The executive officers and directors of Cari are as follows: Christian G.
Vaccari, President, Chief Executive Officer and a director; Jon P. Vaccari, a
director; Nori W. Zoghzoghi, a director; Richard W. Cryar, Executive Vice
President and Secretary; Robert N. Cowin, Executive Vice President.
The principal business address of each of Christian G. Vaccari, Jon P.
Vaccari, Nori V. Zoghzoghi, Richard W. Cryar, Robert N. Cowin and Paul M.
Ordogne is 1100 Poydras St., Suite 2000, New Orleans, Louisiana 70163. Their
principal occupation is their affiliation with Cari.
Virgil Allen is an Engineer/Safety Director with Athena Construction.
The principal business address of Virgil Allen is P. O. Box 0, Morgan City,
Louisiana 70381.
Vincent A. Cannata, Jr. is currently President of Cannata Super
Market, Inc. and Cannata Corporation of Morgan City, Louisiana. The principal
business address of Mr. Cannata is P. O. Box 2543, Morgan City, Louisiana
70381.
Anthony J. Guarisco, Jr. is currently an attorney and Principal in
Dispute Resolution Associates in Baton Rouge, a legal mediation firm. The
principal business address of Mr. Guarisco is 7018 Whitlow St., Baton Rouge,
Louisiana 70808.
Each of the executive officers and directors of Cari and Messrs.
Allen, Cannata, Guarisco and Ordogne are citizens of the United States of
America.
During the past five years, none of Cari nor the other individuals
named above have been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or has been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
which proceeding such person 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 violations with
respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
This statement relates to the aggregation of the shares of Common
Stock held by Cari and Messrs. Allen, Cannata, Cryar, Guarisco, Ordogne and
Vaccari (collectively, the "Reporting Persons") solely for the purpose of
meeting the minimum shareholding requirements to call a special meeting of
shareholders pursuant to the Louisiana Business Corporation Law (the "LBCL") and
the Issuer's Articles and By-laws. This statement is further filed pursuant to
rule 13d-
(Page 2 of 11)
<PAGE>
5(b)(1) inasmuch as the Reporting Persons may be deemed to be acting together
for the purpose of holding equity securities of the Issuer in connection with
the calling of the Special Meeting.
Item 4. Purpose of Transaction.
The statement relates to the aggregation of the shares of Common Stock
held by the Reporting Persons for the purpose of meeting the minimum
shareholding requirements set forth in the LBCL and the Issuer's Articles and
By-laws for the purpose of calling a special shareholders' meeting. Cari
intends to solicit proxies to (i) remove the management members of the Issuer's
Board of Directors, (ii) increase the size of the Board to allow for the
election of its slate of nominees and (iii) elect a slate of candidates to the
Issuer's Board of Directors as set forth in the preliminary proxy statement of
Cari filed with the Securities Exchange Commission on July 18, 1996 (the "Proxy
Statement"). There are no agreements or understandings between the Reporting
Persons other than as set forth in this Statement or the Proxy Statement. This
statement is further filed pursuant to rule 13d-5(b)(1) inasmuch as the
Reporting Persons may be deemed to be acting together for the purpose of holding
equity securities of the Issuer in connection with the calling of the Special
Meeting.
Item 5. Interest in Securities of the Issuer.
(a) The aggregate percentage of Shares of Common Stock reported as
owned by each person named herein is based upon 373,025 Shares of Common Stock
outstanding, which is the total number of Shares of Common Stock outstanding as
reported in the Company's Quarterly Report on Form 10-Q for the quarter ended
March 31, 1996.
<TABLE>
<CAPTION>
As of the close of business on July 22, 1996:
Name and
Address of Common Shares Percent of Class of
Beneficial Beneficially Owned(1) Common Shares
Owner
------------
<S> <C> <C>
Cari Investment Company 17,979 4.72%
1100 Poydras Street
Suite 2000
New Orleans, LA 70163
Virgil Allen (2) 5,478 1.44%
P. O. Box O
Morgan City, LA 70381
Vincent A. Cannata, Jr. (3) 6,910 1.81%
P. O. Box 2543
Morgan City, LA 70381
Richard W. Cryar ----- -----
1100 Poydras Street
Suite 2000
New Orleans, LA 70163
Anthony Guarisco, Jr. ----- -----
7018 Whitlow Street
Baton Rouge, LA 70808
Paul M. Ordogne (4) 24,936 6.55%
1100 Poydras Street
Suite 2000
New Orleans, LA 70163
Christian G. Vaccari (5) 17,979 4.72%
1100 Poydras Street
Suite 2000
New Orleans, LA 70163
_______________
</TABLE>
(Page 3 of 11)
<PAGE>
(1) Unless otherwise stated, beneficial ownership is sole voting and investment
power.
(2) Including 56 shares of Common Stock held by Katherine Allen over which Mr.
Allen shares voting power.
(3) All shares represent shares owned by Cannata's Supermarket, Inc. over which
Mr. Cannata shares voting and investment power.
(4) Including 16,556 shares of Common Stock in the Estate of Murray P. Ordogne,
of which Mr. Ordogne is executor and a beneficiary.
(5) All shares represent shares owned by Cari Investment Company (formerly Cari
Corporation) over which Mr. Vaccari shares voting and investment power.
(b) By virtue of their positions with Cari, each of Christian G. Vaccari,
Jon P. Vaccari, Nori V. Zoghzoghi, Richard W. Cryar and Robert N. Cowin share
the power to vote and dispose of the shares of Common Stock held by Cari. Except
as provided in (a) above, all other beneficial ownership includes sole voting
and disposition power.
(c) There have been no transactions in the Issuer's Common Stock by the
Reporting Persons during the past sixty days.
Item 7. Material to be Filed as Exhibits.
1. Joint Filing Agreement
2. Demand for Special Meeting
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: July 28, 1996 CARI INVESTMENT COMPANY
By: /s/ Christian G. Vaccari
-------------------------------
CHRISTIAN G. VACCARI,
its President
/s/ Virgil Allen
-------------------------------
VIRGIL ALLEN
/s/ Vincent A. Cannata, Jr.
-------------------------------
VINCENT A. CANNATA, JR.
/s/ Richard W. Cryar
-------------------------------
RICHARD W. CRYAR
(Page 4 of 11)
<PAGE>
/s/ Anthony J. Guarisco, Jr.
-------------------------------
ANTHONY J. GUARISCO, JR.
/s/ Paul M. Ordogne
-------------------------------
PAUL M. ORDOGNE
/s/ Christian G. Vaccari
-------------------------------
CHRISTIAN G. VACCARI
(Page 5 of 11)
<PAGE>
EXHIBIT INDEX
Exhibit Page
1. Joint Filing Agreement 7
2. Demand for Special Meeting 8
(Page 6 of 11)
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f)(1)(iii) under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them of a Statement on Schedule 13D dated July __, 1996
(including amendments thereto) with respect to the Common Stock of Guaranty
Bancshares Holding Corporation. This Joint Filing Agreement shall be filed as an
Exhibit to such Statement.
Dated: July 22, 1996 CARI INVESTMENT COMPANY
By: /s/ Christian G. Vaccari
------------------------------
CHRISTIAN G. VACCARI,
President
/s/ Virgil Allen
-----------------------------
VIRGIL ALLEN
/s/ Vincent A. Cannata, Jr.
-----------------------------
VINCENT A. CANNATA, JR.
/s/ Richard W. Cryar
------------------------------
RICHARD W. CRYAR
/s/ Anthony Guarisco, Jr.
-------------------------------
ANTHONY GUARISCO, JR.
/s/ Paul M. Ordogne
-------------------------------
PAUL M. ORDOGNE
/s/ Christian G. Vaccari
-------------------------------
CHRISTIAN G. VACCARI
(Page 7 of 11)
<PAGE>
EXHIBIT 2
July 22, 1996
Randolph Cullom, President
Lee A. Ringeman, Vice President
Conley J. Dutrix, Vice President
Wiley Magee, Secretary
Guaranty Bancshares Holding Corporation
1201 Brashear Avenue
Morgan City, Louisiana 70381
Gentlemen:
In accordance with the Louisiana Business Corporation Law and the
Articles of Incorporation and By-laws of Guaranty Bancshares Holding
Corporation ("GBHC"), the undersigned shareholders are holder of record in
excess of 10% of the issued and outstanding Class A and Class B Common
Stock and hereby demand that you call a special meeting of GBHC
shareholders for the following purposes:
1. To remove Messrs. Randolph Cullom, Lee A. Ringeman and Conley J.
Dutreix, without cause, from the GBHC Board of Directors;
2. If necessary, to increase the size of the Board to twelve
persons if Proposal I is adopted and to fifteen persons if
Proposal 1 is not adopted;
3. To elect Virgil Allen, Vincent A. Cannata, Jr., Richard W.
Cryar, Anthony J. Guarisco, Jr., Paul M. Ordogne and Christian
G. Vaccari directors until the next annual meeting of
Shareholders and until their successors are elected and
qualified so that (assuming Proposal 1 is adopted) the GBHC
Board of Directors will consist of such new members and the
following incumbent members: H.W. Bailey, Brooks Blakeman,
Vincent A. Cannata, Sr., Frank J. Domino, Sr., Anthony J.
Guarisco, Sr., and Wiley Magee; and
4. To transact such other business as may be properly presented to
the meeting or any adjournment or adjournments thereof.
Enclosed is a form of notice that may be used for the call of the
meeting. If you fail to call the special meeting of shareholders by the
close of business on July 29, 1996, the
undersigned will mail the enclosed notice to the GBHC shareholders.
Future correspondence on this matter should be directed to the
attention of M. Walker Baus, LeCorgne, Livaudais & Baus, 203 Carondelet
St., Suite 210, New Orleans, Louisiana 70130.
CARI INVESTMENT COMPANY
BY: /s/ Christian G. Vaccari
---------------------------
Christian G. Vaccari,
President
(Page 8 of 11)
<PAGE>
/s/ Virgil Allen
---------------------------
VIRGIL ALLEN
/s/ Vincent A. Cannata, Jr.
---------------------------
VINCENT A. CANNATA, JR.
/s/ Richard W. Cryar
---------------------------
RICHARD W. CRYAR
/s/ Anthony Guarisco, Jr.
---------------------------
ANTHONY GUARISCO, JR.
/s/ Paul M. Ordogne
---------------------------
PAUL M. ORDOGNE
(Page 9 of 11)
<PAGE>
State of Louisiana )
) ss:
Parish of Orleans )
The undersigned, being first duly sworn, does say that he is President and Chief
Executive Officer of Cari Investment Company which executed the foregoing
letter, and he acknowledged the execution of said letter to be his act and deed
and the act and deed of Cari Investment Company and that the information and
facts stated therein are true and correct.
CARI INVESTMENT COMPANY
By: /s/ Christian G. Vaccari
-------------------------
CHRISTIAN G. VACCARI
Subscribed and sworn to before me
this 22nd day of July, 1996.
__________________________________
Notary Public
(Page 10 of 11)
<PAGE>
NOTICE OF SPECIAL MEETING
OF
SHAREHOLDERS
OF
GUARANTY BANCSHARES HOLDING CORPORATION
July __, 1996
To Our Shareholders:
A special meeting of shareholders of Guaranty Bancshares Holding
Corporation will be held on August 19, 1996 at 1:00 p.m. in the Board of
Directors Room located on the fourth floor of the Guaranty Bank & Trust
Building, 1201 Brashear Avenue, Morgan City, Louisiana 70381, for the
following purposes:
1. To remove Messrs. Randolph Cullom, Lee A. Ringeman and
Conley J. Dutreix, without cause, from the GBHC Board of
Directors;
2. If necessary, to increase the size of the Board to twelve
persons if Proposal 1 is adopted and to fifteen persons
if Proposal 1 is not adopted;
3. To elect Virgin Allen, Vincent A. Cannata, Jr., Richard
W. Cryar, Anthony J. Guarisco, Jr., Paul M. Ordogne and
Christian G. Vaccari directors until the next annual
meeting of Shareholders and until their successors are
elected and qualified so that (if Proposal 1 is adopted)
the GBHC Board of Directors will consist of such new
members and the following incumbent members: H. W.
Bailey, Brooks Blakeman, Vincent A. Cannata, Sr., Frank
J. Domino, Sr., Anthony J. Guarisco, Sr. and Wiley Magee;
and
4. To transact such other business as may be properly
presented to the meeting or any adjournment or
adjournments thereof.
The date hereof shall be the record date for the determination of
shareholders entitled to vote at the meeting.
Wiley Magee
Secretary
(Page 11 of 11)
