Company: PFIS
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001104659-25-030614
Chunk: 12

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 12
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 Craig W. Best, our board reduced the number of directors constituting the entire board to fifteen, effective
as of December 31, 2024.

Our bylaws also provide that
our board of directors will be classified into three classes, each class to be as nearly equal in number, in respect to the time for which
they severally hold office. At each annual meeting of shareholders, one class of directors is to be elected and each class of directors
so elected will serve for a term of approximately three years. Five nominees will be elected to the 2028 class of directors.

It is intended that the proxies
solicited by the board of directors will be voted FOR the five director nominees named below (unless the shareholder otherwise
directs). If, for any reason, any nominee becomes unavailable for election or service on the board, the proxy solicited by the board of
directors will be voted for such substituted nominee as is selected by the board of directors. The board has no reason to believe that
any of the named nominees are not available or will not serve if elected.

Nominees for Director - Term Expiring In 2028

The board has nominated incumbent
directors William E. Aubrey II, Joseph T. Wright, Jr., Louis A. DeNaples, Sr., Keith W. Eckel and William G. Bracey for election
to the board of directors at the 2025 annual meeting of shareholders, each to serve until the 2028 annual meeting of shareholders and
until his or her successor has been elected and qualified. The names of the director nominees and certain information about them are set
forth below:

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William E. Aubrey II,
age 62, has been a director of Peoples Financial Services Corp. and Peoples Security Bank and Trust Company since 2006 and Chairman of
the Board since 2008. He was President and Chief Executive Officer of Gertrude Hawk Chocolates based in Dunmore, PA from 2003 to 2019.
He was Chief Executive Officer and President of Alternative Investments at Gertrude Hawk Holdings from 2020 to 2023, and remains an advisor
to Gertrude Hawk Holdings. The board has determined that Mr. Aubrey is qualified to be on the board due to his executive management
experience gained by serving as a chief executive. He also brings knowledge gained by serving on the board of directors of United Gilsonite
Laboratories in Scr