Company: PFIS
Filing Date: 2025-04-21
Form Type: S-3
Source: 0001104659-25-036894
Chunk: 12

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-04-21
Form: S-3
Chunk 12
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 Peoples, and consequently the right of creditors and shareholders of Peoples, to participate in any distribution of the assets or earnings of any subsidiary is necessarily subject to the prior claims of creditors of the subsidiary, except to the extent that claims of Peoples in its capacity as a creditor may be recognized.

#### No Preemptive, Conversion or Redemption Rights
Holders of Peoples common stock do not have preemptive rights to acquire any additional shares of Peoples common stock. Peoples common stock is not subject to conversion or redemption.

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TABLE OF CONTENTS

#### Calls and Assessments
All of the issued and outstanding shares of Peoples common stock are fully paid and non-assessable. The rights and privileges of holders of Peoples common stock are subject to any preferences that our board of directors may set for any class (if issued without series) or series of preferred stock that may be issued by us in the future.

#### Liquidation Rights
In the event of Peoples’ liquidation, dissolution or winding-up, whether voluntary or involuntary, holders of Peoples common stock will share ratably in any of its assets or funds that are available for distribution to its shareholders after satisfaction, or adequate provision is made for satisfaction, of its liabilities, and after payment of any liquidation preferences of any outstanding shares of Peoples preferred stock.

#### Preferred Stock
Peoples’ board of directors is empowered to authorize the issuance of up to 500,000 shares of preferred stock, without par value, without series, or in one or more series, at such times, for such purposes and for such consideration as Peoples board of directors may deem advisable without shareholder approval. Peoples’ board of directors may fix the designations, preferences and relative, participating, optional or other special rights, if any, and the qualifications, limitations or restrictions thereof, if any, including specifically, but not limited to, the dividend rights, conversion rights, redemption rights and liquidation preferences, if any, of any wholly unissued class (if issued without series) or series of preferred stock (or the entire class of preferred stock if none of such shares have been issued), the number of shares constituting any such class (if issued without series) or series and the terms and conditions of the issue thereof. Prior to the issuance of any shares of preferred stock, a statement setting forth a copy of each such resolution or resolutions and the number of shares of preferred stock of each such class (if issued without series) or series shall be executed and filed in accordance with the Pennsylvania Business Corporation