Company: PFIS
Filing Date: 2025-05-05
Form Type: S-3/A
Source: 0001104659-25-044501
Chunk: 12

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-05-05
Form: S-3/A
Chunk 12
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for” a nominee’s election must exceed the number of votes cast “against” the nominee’s election. In a contested election, defined as one in which the number of director nominees exceeds the number of directors to be elected, the directors elected at such meeting shall be elected by a plurality of the votes cast in such election of directors, provided that a quorum is present.

#### Dividends
The holders of Peoples common stock share ratably in dividends when and if declared by Peoples’ board of directors from legally available funds. Declaration and payment of cash dividends by Peoples is largely dependent upon receipt of dividends from its subsidiary, the Bank. The ability of Peoples and the Bank to pay dividends is subject to federal and state regulations. Peoples is a legal entity separate and distinct from the Bank. Accordingly, the right of 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,