The annual meeting of the shareholders of the Corporation was held on May 22, 2012. Total shares eligible to vote amounted to 2,547,837. A total of 2,080,828 shares (81.67%) were represented by shareholders in attendance or by proxy.

Proposal 1: Election of Directors

The following nine directors were elected to serve on the Board of Directors for one year until the next annual meeting.

                                                         Broker
Director              Votes For      Votes Withheld     Non-Votes

Cecil H. Barber       1,528,906             4,219        547,703
John J. Cole, Jr.     1,528,166             4,959        547,703
DeWitt Drew           1,528,550             4,575        547,703
Michael J. McLean     1,530,476             2,649        547,703
Richard L. Moss       1,530,476             2,649        547,703
Roy H. Reeves         1,530,476             2,649        547,703
Johnny R. Slocumb     1,529,156             3,969        547,703
M. Lane Wear          1,529,486             3,639        547,703
Marcus R. Wells       1,530,476             2,649        547,703

Proposal 2: Appointment of Independent Auditors

Thigpen, Jones, Seaton & Co., P.C. was appointed as our independent auditors for the fiscal year 2012.

For Against Abstained
2,079,897 170 761

On May 24, 2012, Southwest Georgia Financial Corporation announced that its Board of Directors at its meeting yesterday declared a quarterly cash dividend of $0.04 per common share. The dividend is payable June 15, 2012 to shareholders of record on June 4, 2012. The Corporation paid a quarterly cash dividend of $0.04 per common share in March 2012. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 84 consecutive years.

A copy of that press release is attached as Exhibit 99.1 to this Current Report.

(c) Exhibits:

The following exhibit is furnished with this report.

Exhibit 99.1: Southwest Georgia Financial Corporation's press release dated May 24, 2012.