---
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"
generated_at: "2026-05-17T07:50:52.437835+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Peoples Financial Services adopts severance plan for CEO and leadership team with CIC benefits up to 36 months

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-087826
- JSON: https://secwatch.observer/filing/0001104659-25-087826.json
- Plain text: https://secwatch.observer/filing/0001104659-25-087826.txt

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