{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-087826","form_type":"8-K","ticker":"PFIS","cik":"0001056943","company_name":"PEOPLES FINANCIAL SERVICES CORP.","filed_at":"2025-09-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.219293+00:00","generated_at":"2026-05-17T07:50:52.437835+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Peoples Financial Services adopts severance plan for CEO and leadership team with CIC benefits up to 36 months","bullets":["CEO (Tier I): non-CIC severance = 18 months base salary; CIC = 36 months base + 2.99x target bonus; COBRA for 18/36 months.","Tier II (CFO, Pres, CBO, CRO, CIO, GC, COO, CHRO, CLO): non-CIC = 12 months base; CIC = 24 months base + 2x target bonus.","Tier III (CAO, Market Presidents, Trust Admin Leader, etc.): non-CIC = 12 months base; CIC = 12 months base + 1x target bonus.","Plan effective Sept 2, 2025; benefits require signed release and 12-month non-solicitation; offsets if rehired.","Outplacement services up to $10k for 6 months offered through nationally recognized firm."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-087826","json":"https://secwatch.observer/filing/0001104659-25-087826.json","markdown":"https://secwatch.observer/filing/0001104659-25-087826.md","text":"https://secwatch.observer/filing/0001104659-25-087826.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1056943/000110465925087826/0001104659-25-087826-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1056943/000110465925087826/tm2525328d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:50:52.437835+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}