Peoples Financial said the Stilwell Group is running a proxy contest ahead of its annual shareholder meeting on April 22, 2026, seeking to elect its nominee, Stewart F. Peck, to the board. The company said it is nominating six directors and recommended shareholders vote for its slate of nominees, and not vote for Peck. The company also urged shareholders not to sign or return any green proxy card sent by the Stilwell Group, saying later-dated proxies can replace earlier submissions. Peoples Financial said it hired Alliance Advisors to assist with proxy solicitation for a base fee of USD 25,000.

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