{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-111515","form_type":"8-K","ticker":"PFIS","cik":"0001056943","company_name":"PEOPLES FINANCIAL SERVICES CORP.","filed_at":"2024-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.522303+00:00","generated_at":"2026-05-30T09:56:45.749418+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Peoples Financial CEO Craig Best to retire Dec 31; Gerard Champi named successor","bullets":["CEO Craig Best to resign Dec 31, 2024; severance of $1.19M paid over 24 months.","Gerard Champi (President) succeeds as CEO; Thomas Tulaney (COO) becomes President.","Board reduces from 16 to 15 directors upon Best's resignation.","Departure accelerated after successful Oct 15 system conversion; merger integration on track.","Severance includes COBRA premiums for 24 months and $30K outplacement."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-111515","json":"https://secwatch.observer/filing/0001104659-24-111515.json","markdown":"https://secwatch.observer/filing/0001104659-24-111515.md","text":"https://secwatch.observer/filing/0001104659-24-111515.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1056943/000110465924111515/0001104659-24-111515-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1056943/000110465924111515/tm2426857d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T09:56:45.749418+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1f47e8bb9b","claim":"Gerard A. Champi was appointed as Chief Executive Officer at PEOPLES FINANCIAL SERVICES CORP..","evidence_excerpt":"Gerard A. Champi, President of Peoples and Peoples Bank, will succeed Mr. Best as Chief Executive Officer of Peoples and Peoples Bank, and principal executive officer of Peoples.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056943/000110465924111515/0001104659-24-111515-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}]},{"claim_id":"1ff54f979c","claim":"Craig W. Best resigned as Chief Executive Officer at PEOPLES FINANCIAL SERVICES CORP..","evidence_excerpt":"Mr. Best will resign from his positions as Chief Executive Officer and director of Peoples and Peoples Bank effective as of December 31, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056943/000110465924111515/0001104659-24-111515-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}]},{"claim_id":"544b4193b9","claim":"Thomas P. Tulaney was appointed as President at PEOPLES FINANCIAL SERVICES CORP..","evidence_excerpt":"Thomas P. Tulaney, Chief Operating Officer of the Company and the Bank, will succeed Mr. Champi as President of Peoples and Peoples Bank.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1056943/000110465924111515/0001104659-24-111515-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}