The Mississippi-based bank holding company also secured approval on auditor ratification and executive pay in its annual vote.

April 28, 2026

Peoples Financial Corporation, the Biloxi, Mississippi-based bank holding company, reported the results of its 2026 annual meeting of shareholders, with all six of the board’s nominees winning reelection over a competing candidate.

The meeting was held on April 22, 2026, and final results were certified by independent inspector First Coast Results, Inc. on April 27. Of the 4,617,466 shares of common stock outstanding and eligible to vote, 4,335,240 shares were represented in person or by proxy, establishing a quorum.

Contested Director Election

Shareholders considered three proposals at the meeting. The first was the election of directors, where the board put forward a slate of six candidates, each for a one-year term:

• Ronald G. Barnes — 2,750,360 votes for; 1,583,979 withheld
• Padrick D. Dennis — 2,757,360 votes for; 1,576,975 withheld
• Jeffrey H. O’Keefe — 2,760,036 votes for; 1,574,379 withheld
• Katherine Paige Hunt — 2,747,055 votes for; 1,587,280 withheld
• George J. Sliman, III — 2,748,359 votes for; 1,585,856 withheld
• Chevis C. Swetman — 2,677,636 votes for; 1,656,476 withheld

The slate faced an opposition candidate, Stewart F. Peck, who fell well short of the company’s nominees with 1,661,993 votes in favor and 2,602,505 withheld. O’Keefe drew the highest level of support among the company-backed candidates, while Swetman received the lowest.

Auditor Ratification Sails Through

The second proposal asked shareholders to ratify the appointment of EisnerAmper LLP as the company’s independent registered public accountants for the fiscal year ending December 31, 2026. The proposal passed with broad support, drawing 4,228,850 votes in favor against just 7,584 opposed and 98,806 abstentions.

Closer Vote on Executive Compensation

The third proposal was an advisory, non-binding vote on the compensation of the company’s named executive officers, as described in the executive compensation section of the 2026 proxy statement. The measure passed with 2,649,976 votes in favor, 1,621,715 against, and 63,549 abstentions — a notably tighter margin than the auditor ratification, suggesting more shareholder reservation about the company’s pay practices.

Company Background

Peoples Financial Corporation trades under the ticker PFBX. The company is headquartered at 152 Lameuse Street in Biloxi, Mississippi, and Chevis C. Swetman serves as Chairman, President, and Chief Executive Officer.