other
confidence high
sentiment neutral
materiality 0.15
Peoples Financial annual meeting fails to pass bylaw amendment limiting director/officer liability
PEOPLES FINANCIAL SERVICES CORP.
- Five directors elected for three-year terms: Aubrey, Bracey, DeNaples, Eckel, Wright – each with >5.5M votes for.
- Advisory say-on-pay passed with 5.24M for, 373K against, 118K abstain.
- Ratification of Baker Tilly US, LLP as auditor passed with 7.34M for, 84K against.
- Bylaw amendment to limit director/officer liability failed: 5.22M for, 456K against, 1.75M broker non-votes; required 75% of all votes.