Peoples Financial Corporation: A Stilwell shareholder group holding 15.99% of common stock is soliciting proxies to elect Stewart F. Peck to the Board at the April 22, 2026 Annual Meeting. The supplement, dated March 24, 2026, furnishes updated solicitation materials and a GREEN universal proxy card.
The supplement states there were 15.99% (738,135) shares owned by the Stilwell group and ? context: 4,617,466 shares outstanding as of the record date March 4, 2026. Stilwell urges stockholders to sign the GREEN universal proxy card to vote "FOR" the Stilwell Nominee, "FOR" Proposal 2, and "AGAINST" Proposal 3. The mailing and voting instructions, proxy solicitor contact, and voting deadlines are provided in the supplement.
PEOPLES FINANCIAL CORP (PFBX) received a Form 4 showing an open‑market purchase of 2,657 shares of common stock at $21.00 per share on March 6, 2026. The transaction is reported as an indirect purchase by entities associated with Joseph Stilwell rather than a direct personal trade.
Footnotes explain that the shares are owned directly by limited partnerships — Stilwell Activist Fund, L.P., Stilwell Value Partners VII, L.P., and Stilwell Activist Investments, L.P. — and only indirectly by Joseph Stilwell through Stilwell Value LLC as general partner. He disclaims beneficial ownership beyond his pecuniary interest.
Peoples Financial Corp /MS/ executive Monroe Timothy Duane, the SVP and Chief Credit Officer, filed an initial ownership report. The Form 3 shows he holds 2,281 shares of Peoples Financial Corp/MS/ common stock directly, with no specific buy or sell transaction reported.
Peoples Financial Corp/MS/ executive Brennon G. Johnson Jr., the SVP and Chief Lending Officer, filed an initial Form 3 reporting his beneficial ownership in the company. He disclosed direct ownership of 3,764 shares of Peoples Financial Corp/MS/ common stock following the reported holding.
Peoples Financial Corp/MS/ Senior Vice President Daniel Ahern Bass filed an initial ownership report showing he directly holds 436 shares of Peoples Financial Corp/MS/ common stock after the reported position. This filing establishes his starting equity stake as a company insider.
Peoples Financial Corporation has filed a preliminary proxy statement in connection with its Annual Meeting of Shareholders to be held on April 22, 2026, disclosing a contested director election between the Company’s slate of six nominees and a single nominee put forward by the Stilwell Group.
The Board urges shareholders to sign and return the WHITE proxy card and not to sign or return any [•] proxy card from the Stilwell Group. The filing notes the Record Date of March 4, 2026, identifies the Board’s six nominees, states the Stilwell Group has shared voting and dispositive power with respect to 691,112 shares, and estimates approximately $350,000 of additional solicitation expense related to the contest.
Peoples Financial Corporation — Stilwell Activist Investments and related participants are soliciting proxies to elect Stewart F. Peck to the Board at the Corporation’s 2026 Annual Meeting on April 22, 2026. The Participants beneficially own 735,478 shares of Common Stock, representing approximately 15.93% based on 4,617,466 shares outstanding as of December 31, 2025.
Stilwell is furnishing a GREEN universal proxy card and urges stockholders to vote FOR the Stilwell Nominee, FOR ratification of EisnerAmper LLP as auditor, and AGAINST the advisory vote on executive compensation. The proxy statement discloses prior litigation between Stilwell and the Company and a settled SEC administrative order imposing a $75,000 penalty on Stilwell Value LLC.