PFS Bancorp, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>PFS Bancorp, Inc. will hold its 2024 Annual Meeting of Stockholders on May 23, 2024, to elect directors and ratify auditors.</b>

AI Summary

PFS Bancorp, Inc. (PFSB) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. Annual meeting scheduled for May 23, 2024, at 4:00 p.m. local time. Meeting to be held at Peru Federal Savings Bank Main Office, 1730 Fourth Street, Peru, Illinois. Key agenda items include election of two directors and ratification of Wipfli LLP as independent auditor. Record date for stockholder eligibility to vote is March 28, 2024. Stockholders can vote via Internet, telephone, or mail.

Why It Matters

For investors and stakeholders tracking PFS Bancorp, Inc., this filing contains several important signals. This is the company's first annual meeting since its initial public offering in October, making it a significant event for new and existing shareholders to engage. The election of directors and ratification of auditors are critical governance functions that impact the company's strategic direction and financial oversight.

Risk Assessment

Risk Level: low — PFS Bancorp, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain significant new financial or strategic information that would alter the risk profile.

Analyst Insight

Stockholders should review the proxy materials and vote their shares to ensure representation at the annual meeting, particularly concerning director elections and auditor ratification.

Key Numbers

• May 23, 2024 — Annual Meeting Date (Date of the 2024 Annual Meeting of Stockholders)
• 4:00 p.m. — Annual Meeting Time (Time of the 2024 Annual Meeting of Stockholders)
• March 28, 2024 — Record Date (Date as of which stockholders must be registered to vote)
• 2 — Directors to be Elected (Number of directors to be elected at the meeting)

Key Players & Entities

• PFS Bancorp, Inc. (company) — Registrant name
• Eric J. Heagy (person) — President, Chief Executive Officer and Chief Financial Officer
• Wipfli LLP (company) — Independent registered public accounting firm
• Dale R. Tieman (person) — Corporate Secretary
• Peru Federal Savings Bank (company) — Location of annual meeting
• May 23, 2024 (date) — Date of annual meeting
• March 28, 2024 (date) — Record date for stockholders

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC regulations regarding proxy solicitations and annual meetings.
• Conduct of Annual Meeting [low — operational]: Ensuring the smooth execution of the annual meeting, including voting procedures and participation.

Key Dates

• 2024-05-23: Annual Meeting of Stockholders — Formal business to be transacted, including director elections and auditor ratification.
• 2024-03-28: Record Date — Determines eligibility of stockholders to vote at the annual meeting.
• 2024-04-19: Filing Date — Date the definitive proxy statement was filed with the SEC.

Filing Documents

• tm2411674d1_def14a.htm (DEF 14A) — 206KB
• tm2411674d1_def14aimg001.jpg (GRAPHIC) — 4KB
• tm2411674d1_def14aimg002.jpg (GRAPHIC) — 5KB
• tm2411674d1_def14aimg003.jpg (GRAPHIC) — 312KB
• tm2411674d1_defa14aimg002.jpg (GRAPHIC) — 155KB
• 0001104659-24-049384.txt (&nbsp;) — 861KB

From the Filing

DEF 14A 1 tm2411674d1_def14a.htm DEF 14A SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ____) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under &sect;240.14a-12 PFS Bancorp, Inc. (Name of Registrant as Specified In Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 18, 2024 Dear Fellow Stockholder: We will hold our annual meeting of stockholders at the main office of Peru Federal Savings Bank, located at 1730 Fourth Street, Peru, Illinois, at 4:00 p.m., local time, on May 23, 2024. The notice of annual meeting and the proxy statement appearing on the following pages describe the formal business to be transacted at the meeting. This will be our first annual meeting since we completed our initial public offering last October. It is important that your shares are represented at this meeting, regardless of the number of shares you own. To ensure your shares are represented, we urge you to vote promptly by completing and mailing the enclosed proxy card or by voting via the Internet or by telephone. Internet and telephone voting instructions appear on the enclosed proxy card. Sincerely, Eric J. Heagy President, Chief Executive Officer and Chief Financial Officer PFS BANCORP, INC. 1730 Fourth Street Peru, Illinois 61354 (815) 223-4300 NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS DATE AND TIME Thursday, May 23, 2024 4:00 p.m., local time PLACE Peru Federal Savings Bank Main Office 1730 Fourth Street Peru, Illinois ITEMS OF BUSINESS (1) To elect two directors to serve for a term of three years; (2) To ratify the appointment of Wipfli LLP to serve as the independent registered public accounting firm for the fiscal year ending December 31, 2024; and (3) To transact any other business that may properly come before the meeting and any adjournment or postponement of the meeting. ( Note : The Board of Directors is not aware of any other business to come before the meeting.) RECORD DATE To be eligible to vote, you must have been a stockholder as of the close of business on March 28, 2024. PROXY VOTING It is important that your shares be represented and voted at the meeting. You can vote your shares via the Internet, by telephone, or by mail by completing the accompanying proxy card and returning it in the enclosed self-addressed envelope. Voting instructions are printed on the proxy card. You may revoke a proxy at any time before its exercise at the meeting by following the instructions in the accompanying proxy statement. BY ORDER OF THE BOARD OF DIRECTORS Dale R. Tieman Corporate Secretary Peru, Illinois April 18, 2024 PFS BANCORP, INC. PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS GENERAL INFORMATION PFS Bancorp, Inc. is the holding company for Peru Federal Savings Bank. In this proxy statement, we may also refer to PFS Bancorp, Inc. as &ldquo;PFS Bancorp,&rdquo; the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;our&rdquo; or &ldquo;us&rdquo; and to Peru Federal Savings Bank as &ldquo;Peru Federal&rdquo; or the &ldquo;Bank.&rdquo; We are providing this proxy statement to you in connection with the solicitation of proxies by our Board of Directors for the 2024 annual meeting of stockholders and for any adjournment or postponement of the annual meeting. We will hold the annual meeting at Peru Federal&rsquo;s main office, located at 1730 Fourth Street, Peru, Illinois, on Thursday, May 23, 2024, at 4:00 p.m., local time. We intend to mail this proxy statement and a proxy card to stockholders of record beginning on or about April 18, 2024. Important Notice Regarding the Availability of Proxy Materials for the STOCKholder Meeting to Be Held on MAY 23, 2024 This proxy statement is available at https://www.cstproxy.com/pfsbancorp/2024 . Also available at this website address is our Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, which includes the audited consolidated financial statements for the fiscal year ended December 31, 2023. INFORMATION ABOUT VOTING Who May Vote at the Meeting You are entitled to vote your shares of PSF Bancorp common stock if our records show that you held your shares as of the close of business on March 28, 2024. As of the close of business on that date, a total of 1,725,000 shares of common stock were outstanding. Each share of common stock has one vote. Our Articles of Incorporation provi

View Full Filing

View this DEF 14A filing on SEC EDGAR