Peoples Financial Services Corp. Announces Board and Officer Changes
Ticker: PFIS · Form: 8-K · Filed: Sep 5, 2025 · CIK: 1056943
| Field | Detail |
|---|---|
| Company | Peoples Financial Services Corp. (PFIS) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2025 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $2.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, governance, officer-appointment
TL;DR
Peoples Financial Services Corp. is shuffling its board and execs, effective Aug 29.
AI Summary
Peoples Financial Services Corp. announced on August 29, 2025, changes in its board and officer appointments. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. These changes are effective as of the report date.
Why It Matters
Changes in leadership and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- PEOPLES FINANCIAL SERVICES CORP. (company) — Registrant
- August 29, 2025 (date) — Date of earliest event reported
- PA (location) — State of incorporation
- 102 E. Drinker Street, Dunmore, PA 18512 (address) — Principal Executive Offices
FAQ
What specific roles have been affected by the officer and director changes?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers,' but does not specify the exact roles affected in this summary.
When were these changes officially reported?
The report date is August 29, 2025, which is also the date of the earliest event reported.
What is the primary business of Peoples Financial Services Corp.?
Peoples Financial Services Corp. is classified under 'NATIONAL COMMERCIAL BANKS [6021]' according to its SIC code.
Where is the principal executive office of the company located?
The principal executive offices are located at 102 E. Drinker Street, Dunmore, PA 18512.
Are there any financial statements included in this filing?
Yes, the filing indicates 'Financial Statements and Exhibits' are included.
Filing Stats: 1,822 words · 7 min read · ~6 pages · Grade level 19.1 · Accepted 2025-09-05 16:22:34
Key Financial Figures
- $2.00 — nge on which registered Common Stock, $2.00 par value PFIS The Nasdaq Stock Mar
Filing Documents
- tm2525328d1_8k.htm (8-K) — 44KB
- tm2525328d1_ex10-1.htm (EX-10.1) — 94KB
- 0001104659-25-087826.txt ( ) — 320KB
- pfis-20250829.xsd (EX-101.SCH) — 3KB
- pfis-20250829_lab.xml (EX-101.LAB) — 33KB
- pfis-20250829_pre.xml (EX-101.PRE) — 22KB
- tm2525328d1_8k_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 29, 2025, the Board of Directors (the "Board") of Peoples Financial Services Corp. (the "Company"), the parent company of Peoples Security Bank and Trust Company (the "Bank") adopted the Company's Severance and Change in Control Plan for its Chief Executive Officer (CEO) and leadership team (the "Plan"). The Plan is intended to provide severance benefits under specified conditions to the CEO and Executives (as defined in the Plan) who experience a Qualifying Termination (as defined in the Plan) on or after September 2, 2025 (the "Effective Date"). The Plan is an unfunded plan maintained primarily for the purpose of providing severance benefits to Executives of the Company, the Bank and the Company's affiliate 1 st Equipment Finance, Inc., and any additional Company affiliate that the Plan Administrator (as defined below) may approve to participate in the Plan in the future (collectively, the "Peoples Entities" and each individually a "Peoples Entity"). A "Qualifying Termination" occurs under the Plan when the Compensation Committee of the Board (the "Plan Administrator") determines that one of the following events occurred: (a) the Executive's position is being eliminated (and not replaced) and the Executive is not offered a Suitable Position (as defined in the Plan); (b) the Executive's employment is being terminated in connection with a Peoples Entity-initiated separation which is not for Cause and the Executive is not offered a Suitable Position; (c) the Executive resigns with Good Reason (as defined in the Plan); or (d) a Change in Control occurs and, within 24 months after the date of such Change in Control, the Executive has a Qualifying Termination in accordance with (a), (b) or (c) above. The Plan is not intended to and will not be interpreted to provide any duplication of any entitlement
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibits are filed with this form 8-K: Exhibit No. Description 10.1 Peoples Financial Services Corp. Severance and Change in Control For CEO and Leadership Team effective as of September 2, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 4 SIGNATURE 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. PEOPLES FINANCIAL SERVICES CORP. By: /s/ James M. Bone, Jr., CPA James M. Bone, Jr., CPA Executive Vice President and Chief Financial Officer Principal Financial Officer Dated: September 5, 2025 5