---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-027549"
form_type: "8-K"
ticker: "PFBX"
cik: "0000770460"
company_name: "PEOPLES FINANCIAL CORP /MS/"
filed_at: "2021-11-30T23:59:59+00:00"
generated_at: "2026-06-28T04:59:44.295840+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Peoples Financial amends director deferred comp plan; rate cut from 10% to prime (3.25%)

## Summary
- Amendment effective Jan 1, 2022 changes interest on deferred fees from fixed 10%/7.5% to Chase Manhattan Prime Rate.
- Current prime rate is 3.25%, down from previous 10% before payments and 7.5% after payments commence.
- Change reduces future interest expense for The Peoples Bank on director deferred compensation liabilities.
- Plan previously disclosed in 2021 proxy; adjustment aligns rates with current market conditions.

## SEC filing metadata
- accession: 0001437749-21-027549
- form_type: 8-K
- ticker: PFBX
- cik: 0000770460
- company_name: PEOPLES FINANCIAL CORP /MS/
- filed_at: 2021-11-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/770460/000143774921027549/0001437749-21-027549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/770460/000143774921027549/pfbx20211130b_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-027549
- JSON: https://secwatch.observer/filing/0001437749-21-027549.json
- Plain text: https://secwatch.observer/filing/0001437749-21-027549.txt

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