# EDGAR Filing Document

**Accession Number:** 0001113303
**File Stem:** 0000921895-26-000139
**Filing Date:** 2026-1
**Character Count:** 5671
**Document Hash:** f3f6a6a1184044abc2b14606c02ec264
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-26-000139.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0000921895-26-000139

**CONFORMED SUBMISSION TYPE**: DFAN14A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260122

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PEOPLES FINANCIAL CORP /MS/
- **CENTRAL INDEX KEY:** 0000770460
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 640709834
- **STATE OF INCORPORATION:** MS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DFAN14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12103
- **FILM NUMBER:** 26553014

**BUSINESS ADDRESS:**
- **STREET 1:** 152 LAMEUSE STREET
- **STREET 2:** P O BOX 529
- **CITY:** BILOXI
- **STATE:** MS
- **ZIP:** 39530
- **BUSINESS PHONE:** 2284355511

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 529
- **CITY:** BILOXI
- **STATE:** MS
- **ZIP:** 39533-0529
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stilwell Joseph
- **CENTRAL INDEX KEY:** 0001113303

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** DFAN14A

**MAIL ADDRESS:**
- **STREET 1:** 111 BROADWAY, 12TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STILWELL JOSEPH
- **DATE OF NAME CHANGE:** 20000502

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 14A**

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

(Amendment No.)

Filed by the Registrant ☐

Filed by a Party other than the Registrant ☒

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☐ Definitive Proxy Statement

☐ Definitive Additional Materials

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ Soliciting Material Under § 240.14a-12

---

| |
|:---|
| PEOPLES FINANCIAL CORPORATION |
| (Name of Registrant as Specified In Its Charter) |
| Stilwell Activist Investments, L.P.<br> Stilwell Value Partners VII, L.P.<br> Stilwell Activist Fund, L.P.<br> Stilwell Value LLC<br> Joseph Stilwell<br> Megan Parisi<br> Stewart F. Peck |
| (Name of Persons(s) Filing Proxy Statement, if other than the Registrant) |

---

Payment of Filing Fee (Check all boxes that apply):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ No fee required

☐ Fee paid previously with preliminary materials

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

Joseph Stilwell and certain affiliated entities (collectively, "Stilwell"), together with the other participants named herein, intend to file a preliminary proxy statement and accompanying universal proxy card with the Securities and Exchange Commission (the "SEC") to be used to solicit votes for the election of Stilwell's highly-qualified director nominee at the 2026 annual meeting of stockholders (the "Annual Meeting") of Peoples Financial Corporation, a Mississippi corporation (the "Company").

On January 22, 2026, Stilwell filed Amendment No. 22 to its Schedule 13D ("Amendment No. 22") disclosing its delivery of its notice of intent to nominate a highly-qualified director candidate at the Annual Meeting, which was delivered to the Company on January 20, 2026. A copy of Amendment No. 22 is attached hereto as Exhibit 1 and is incorporated herein by reference.

**CERTAIN INFORMATION CONCERNING THE PARTICIPANTS**

STILWELL STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ ANY PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF PROXY MATERIALS WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.

The participants in the proxy solicitation are currently anticipated to be Stilwell Activist Investments, L.P., a Delaware limited partnership ("Stilwell Activist Investments"), Stilwell Activist Fund, L.P., a Delaware limited partnership ("Stilwell Activist Fund"), Stilwell Value Partners VII, L.P., a Delaware limited partnership ("Stilwell Value Partners VII"), Stilwell Value LLC, a Delaware limited liability company, Joseph Stilwell, Megan Parisi and Stewart F. Peck.

As of the date hereof, Stilwell Activist Investments directly owns 417,847 shares of Common Stock, $1.00 par value per share, of the Company (the "Common Stock"), including 100 shares held in record name. As of the date hereof, Stilwell Activist Fund directly owns 67,505 shares of Common Stock. As of the date hereof, Stilwell Value Partners VII directly owns 205,760 shares of Common Stock. Stilwell Value LLC, as the general partner of each of Stilwell Activist Investments, Stilwell Activist Fund, and Stilwell Value Partners VII, may be deemed to beneficially own the 691,112 shares of Common Stock owned directly by Stilwell Activist Investments, Stilwell Activist Fund, and Stilwell Value Partners VII. Mr. Stilwell, as the managing member and sole owner of Stilwell Value LLC, may be deemed to beneficially own the 691,112 shares of Common Stock owned directly by Stilwell Activist Investments, Stilwell Activist Fund, and Stilwell Value Partners VII. As of the date hereof, Ms. Parisi and Mr. Peck do not beneficially own any securities of the Company.

### Attached PDF Documents

**Attachment 1:** `ex1todfan14a10318019_012226.pdf`

_No text found in this document._