Company: PFIS
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001104659-25-030614
Chunk: 36

Company: PEOPLES FINANCIAL SERVICES CORP.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 36
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 (3) year term, regardless of their age, in each case, unless 80 percent
of the entire board of directors shall determine otherwise. Louis A. DeNaples, Sr. and Keith W. Eckel have been nominated for election
at the 2025 annual meeting pursuant to this exception.

The nominating and corporate
governance committee has not adopted a specific set of minimum qualifications that must be met by nominees. Nominees are selected on the
basis of their integrity, experience, achievements, judgment, intelligence, personal character and capacity to make independent analytical
inquiries, ability and willingness to devote adequate time to Board duties, and the likelihood of being able to serve on the Board for
a sustained period. In evaluating potential director nominees, our nominating and corporate governance committee will evaluate an individual’s
specific qualities or skills including, but not limited to an individual’s: contributions to the range of talent, skill and expertise
of the Board; financial, regulatory and business experience, knowledge of the banking and financial services industries, familiarity with
the operations of public companies and ability to read and understand financial statements; familiarity with our market area and participation
in and ties to local businesses and local civic, charitable and religious organizations; personal and professional integrity, honesty
and reputation; ability to represent the best interests of the Company’s shareholders and the best interests of the Company and
Bank; ability to devote sufficient time and energy to the performance of his or her duties; independence; and current equity holdings
in the Company. The committee also considers factors such as global experience, experience as a director of a public company, and knowledge
of relevant industries.

The nominating and corporate
governance committee will also consider any other factors it deems relevant, including competition, size of the board of directors, and
regulatory disclosure obligations. The nominating and corporate governance committee will also consider the extent to which a candidate
helps the board of directors reflect the diversity of the Company’s shareholders, employees, customers, and communities, including
with respect to characteristics such as age, color, disability, ethnicity, family or marital status, gender identity or expression, language,
national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran
status, and other characteristics under our board diversity policy. We have taken steps to increase the diversity of our board, and the
nominating and corporate governance committee will continue to seek opportunities to enhance board diversity in