secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES FINANCIAL CORP /MS/ (PFBX)
CIK:        0000770460
Form:       8-K/A
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0001558370-25-011837
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/770460/000155837025011837/0001558370-25-011837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/770460/000155837025011837/pfbx-20250423x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-011837

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