Peoples Financial Corporation

PFBX

Reporting person: Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., Stilwell Value Partners VII, L.P., Stilwell Value LLC, and Joseph D. Stilwell(group)

Stilwell Group nominates Stewart F. Peck for Peoples Financial Corp board

Contested meetinghigh confidence

Contest Strategydissident slate, solicitors, demands

Contested annualVote Apr 22, 2026

What's being contested

Board seats

IssuerPeoples Financial Corporation (PFBX)

Issuer solicitor—

Reporting personStilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., Stilwell Value Partners VII, L.P., Stilwell Value LLC, and Joseph D. Stilwell (group)

Dissident solicitor—

Stake—

Dissident counsel—

Cost basis—

Meeting dateApr 22, 2026

Record dateMar 4, 2026

Dissident slate (1)

Stewart F. Peck

Primary demands

board seat for Stewart F. Peck

Vote Mechanics

86d post-vote

Vote dateApr 22, 2026

Record dateMar 4, 2026

Mailing date—

Record → vote49 days

Threshold—

Min approvalparsed—

Shares outstanding—

Insider lock-up—

Advisors

No advisor data on record for this deal.

Sources

SEC Filing

Stilwell Activist Investments and related entities are nominating Stewart F. Peck for election to the board of Peoples Financial Corporation at its April 22, 2026 annual meeting, continuing a six-year activist campaign. This is the third consecutive year Peck has been nominated by Stilwell, though previous nominees have not been elected. The company's board unanimously opposes Stilwell's nomination and recommends voting for its six nominees on the white proxy card.

Item id: 5a945e42-795a-4a69-b279-5aa784f362fe · ingested Apr 24, 2026