---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-113839"
form_type: "8-K"
ticker: "PFIS"
cik: "0001056943"
company_name: "PEOPLES FINANCIAL SERVICES CORP."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:15:08.169937+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Peoples Financial amends bylaws, sets merger-related board changes with FNCB

## Summary
- Board approved second amended and restated bylaws effective immediately; updates include proxy rules, exclusive forum provisions.
- Conditional amendments to Sections 11.3 and 11.5 become effective upon merger close, if transaction completes.
- Upon closing, board expands to 16 directors: 8 designated by Peoples, 8 by FNCB; William E. Aubrey II to remain Chairman, Louis A. DeNaples, Sr. to become Vice Chairman.
- Amendments add exclusive forum clauses: Pennsylvania state courts for derivative/fiduciary claims; federal courts for Securities Act claims.
- Age limit exception allows directors aged 73+ to serve one additional term after merger close.

## SEC filing metadata
- accession: 0001104659-23-113839
- form_type: 8-K
- ticker: PFIS
- cik: 0001056943
- company_name: PEOPLES FINANCIAL SERVICES CORP.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056943/000110465923113839/0001104659-23-113839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056943/000110465923113839/tm2329664d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-113839
- JSON: https://secwatch.observer/filing/0001104659-23-113839.json
- Plain text: https://secwatch.observer/filing/0001104659-23-113839.txt

## Key facts
- Governance Changes
  PEOPLES FINANCIAL SERVICES CORP.: Adopted a second amendment and restatement of the bylaws, effective immediately, making various changes to meeting procedures, shareholder notice, proxy card color, forum selection, and universal proxy rules (effective 2023-10-27).
  - Change: bylaw amendment
  - Effective: 2023-10-27
  source text: On October 27, 2023, the Board of Directors (the “Board”) of Peoples Financial Services Corp. (the “Company”) approved a second amendment and restatement of the Company’s Amended and Restated Bylaws (the “Amended and Restated Bylaws”), effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465923113839/0001104659-23-113839-index.htm
- Governance Changes
  PEOPLES FINANCIAL SERVICES CORP.: Approved conditional amendments to Sections 11.3 and 11.5 of the bylaws, to become effective upon completion of the merger with FNCB Bancorp, Inc., regarding board composition, chairman/vice chairman, and director age eligibility.
  - Change: bylaw amendment
  source text: In addition, subject to completion of the Merger, at the effective time of the Merger, Sections 11.3 and 11.5 of the Amended and Restated Bylaws would be amended to, among other things:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056943/000110465923113839/0001104659-23-113839-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.