Peoples Financial Board sets annual say-on-pay vote despite majority shareholder preference for triennial

PEOPLES FINANCIAL CORP /MS/

Board approved annual non-binding advisory votes on named executive officer compensation, overriding shareholder vote where 2,520,347 favored triennial (every 3 years).
Shareholder vote results: 1,786,401 for 1-year, 5,924 for 2-year, 2,520,347 for 3-year, 26,591 abstain.
All six board nominees elected; opposition nominee Stewart F. Peck received 1,565,142 votes for, 2,675,589 withheld.
Shareholder proposal to sell company defeated (1,581,956 for, 2,670,830 against).
EisnerAmper LLP ratified as independent auditor with 4,217,612 votes for.

item 5.07

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