THE STILWELL GROUP

The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation and Supplements its Definitive Proxy Statement

Retrieved on:

Wednesday, May 5, 2021

Articles, Shareholders, SEC filings, Corporate law, Business law, Proxy statement, Statements, Insider, Proxy, Board of directors

b'NEW YORK, May 5, 2021 /PRNewswire/ --The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the "Corporation") (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX\'s outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation and filed a second supplement to its Definitive Proxy Statement.\nThe full text of the letter follows:\nJust how did "certain key executives and directors" acquire the grotesque sum of $18 million that sits on PFBX\'s balance sheet as a liability?

Key Points:

b'NEW YORK, May 5, 2021 /PRNewswire/ --The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the "Corporation") (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX\'s outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation and filed a second supplement to its Definitive Proxy Statement.\nThe full text of the letter follows:\nJust how did "certain key executives and directors" acquire the grotesque sum of $18 million that sits on PFBX\'s balance sheet as a liability?
Since the Company disclosures are so spotty, it would be great for the insiders to spell out just what they\'ve been doing.
Nevertheless, working with the little information made public, here\'s our educated guess as to how the insiders got that $18 million from our Company.\nPage 22 of the Company\'s proxy states that the Directors\' Deferred Income Plan pays the insiders 10% ANNUALLY on fees they defer.
If that\'s how they all got so much of the Company\'s money, they should hang their heads in shame and not show their faces in Biloxi ever again.

The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation and Supplements its Definitive Proxy Statement

Retrieved on:

Monday, April 19, 2021

Creative works, Shareholders, Anime, SEC filings, Proxy, Stock market, Articles, Identity document

b'NEW YORK, April 19, 2021 /PRNewswire/ --The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the "Corporation") (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX\'s outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation and filed a supplement to its Definitive Proxy Statement.\nThe full text of the letter follows:\nThis is our 71st activist investment.

Key Points:

b'NEW YORK, April 19, 2021 /PRNewswire/ --The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the "Corporation") (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX\'s outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation and filed a supplement to its Definitive Proxy Statement.\nThe full text of the letter follows:\nThis is our 71st activist investment.
Win or lose this year, we\'re here for the duration.
We\'re after three things:\nPFBX has to reach at least average performance, or it should be sold to a better run community bank;\nThe rewards of ownership go to the owners.
In our opinion, what the insiders have returned to the shareholders is shameful -- what they\'ve awarded themselves over the years is grotesque.\nPlease vote the GREEN card TODAY for our highly qualified nominee, Peter Prickett.\nYou can vote by telephone, online or by signing and dating the enclosedGREENproxy card and returning it in the postage-paid envelope.\nIf you have any questions, require assistance in voting yourGREENproxy card,\nor need additional copies of our proxy materials,please contactus or Okapi Partnersat the phone numbers or email listed below.\n'

The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation

Retrieved on:

Thursday, April 8, 2021

Stock market, Employee stock ownership plan, Employee stock ownership, Finance, Retirement plans in the United States, Money, ESOP, 401, Articles, Stock, Shareholder

NEW YORK, April 8, 2021 /PRNewswire/ --The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the "Corporation") (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX's outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation.

Key Points:

NEW YORK, April 8, 2021 /PRNewswire/ --The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the "Corporation") (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX's outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation.
1212 Avenue of the Americas, 24th Floor
*NOTE O (in part), PFBX FORM 10-K - EMPLOYEE AND DIRECTOR BENEFIT PLANS:
The Company sponsors the Peoples Financial Corporation Employee Stock Ownership Plan ("ESOP").
Effective January 1, 2001, the ESOP was amended to separate the 401(k) funds into the Peoples Financial Corporation 401(k) Profit Sharing Plan.
Contributions are determined by the Board of Directors and may be paid either in cash or Peoples Financial Corporation common stock.

The Stilwell Group Files Definitive Proxy Statement and Sends Letter to Shareholders of Peoples Financial Corporation

Retrieved on:

Monday, March 29, 2021

Financial markets, Stock market, Articles, Corporate finance, Shareholders, Equity securities, Business law, Board of directors, Proxy statement, Dividend, Share

NEW YORK, March 29, 2021 /PRNewswire/ --The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the "Corporation") (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX's outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation and filed a definitive proxy statement in support of its director nominee for election to the Board of Directors of the Corporation at the Corporation's 2021 Annual Meeting of Shareholders.

Key Points:

NEW YORK, March 29, 2021 /PRNewswire/ --The Stilwell Group, one of the largest shareholders of Peoples Financial Corporation (the "Corporation") (OTCMKTS: PFBX), beneficially owning approximately 9.93% of PFBX's outstanding shares, today announced that it has delivered a letter to shareholders of the Corporation and filed a definitive proxy statement in support of its director nominee for election to the Board of Directors of the Corporation at the Corporation's 2021 Annual Meeting of Shareholders.
The full text of the letter follows:
Now that PFBX's board has increased the dividend from a parsimonious penny to a measly nickel (a 5x increase only 8 days after our last letter!
), let us point out two more obvious steps for the directors to take.
#1: The Bank should be repurchasing shares so long as they remain below book value.

The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation

Retrieved on:

Tuesday, March 16, 2021

Stilwell

The participants in the proxy solicitation are anticipated to be Stilwell Activist Investments, Stilwell Activist Fund, L.P. ("Stilwell Activist Fund"), Stilwell Value Partners VII, L.P. ("Stilwell Value Partners VII"), Stilwell Value LLC, Joseph D. Stilwell and Peter Prickett.

Key Points:

The participants in the proxy solicitation are anticipated to be Stilwell Activist Investments, Stilwell Activist Fund, L.P. ("Stilwell Activist Fund"), Stilwell Value Partners VII, L.P. ("Stilwell Value Partners VII"), Stilwell Value LLC, Joseph D. Stilwell and Peter Prickett.
As of the date hereof, Stilwell Activist Investments directly owned 354,206 shares of Common Stock, par value $1.00 per share, of the Corporation (the "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 the beneficial owner of the 484,645 shares of Common Stock owned in the aggregate 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 the beneficial owner of the 484,645 shares of Common Stock owned in the aggregate by Stilwell Activist Investments, Stilwell Activist Fund and Stilwell Value Partners VII.

The Stilwell Group Sends Letter to Shareholders of Peoples Financial Corporation

Retrieved on:

Tuesday, February 9, 2021

Stilwell

Stilwell Activist Investments, L.P. ("Stilwell Activist Investments") together with the other participants named herein (collectively, "Stilwell"), intend to file a preliminary proxy statement and accompanying GREEN proxy card with the Securities and Exchange Commission ("SEC") to be used to solicit votes for the election of their director nominee at the 2021 annual meeting of stockholders of Peoples Financial Corporation, a Mississippi corporation (the "Corporation").

Key Points:

Stilwell Activist Investments, L.P. ("Stilwell Activist Investments") together with the other participants named herein (collectively, "Stilwell"), intend to file a preliminary proxy statement and accompanying GREEN proxy card with the Securities and Exchange Commission ("SEC") to be used to solicit votes for the election of their director nominee at the 2021 annual meeting of stockholders of Peoples Financial Corporation, a Mississippi corporation (the "Corporation").
The Participants in the proxy solicitation are anticipated to be Stilwell Activist Investments, Stilwell Activist Fund, L.P. ("Stilwell Activist Fund"), Stilwell Value Partners VII, L.P. ("Stilwell Value Partners VII"), Stilwell Value LLC, and Joseph D. Stilwell.
Stilwell Value LLC, as the general partner of each of Stilwell Activist Investments, Stilwell Activist Fund and Stilwell Value Partners VII, may be deemed the beneficial owner of the 484,645 shares of Common Stock owned in the aggregate 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 the beneficial owner of the 484,645 shares of Common Stock owned in the aggregate by Stilwell Activist Investments, Stilwell Activist Fund and Stilwell Value Partners VII.

Inspector Of Election Certifies Vote Confirming That The Stilwell Group's Slate Has Won The Wheeler Proxy Contest

Retrieved on:

Tuesday, December 31, 2019

Board of directors, Business law, Committees, Corporate law, Business, Articles, Private law

NEW YORK, Dec. 31, 2019 /PRNewswire/ -- The Stilwell Group ("Stilwell"), the largest shareholder of Wheeler Real Estate Investment Trust, Inc. ("Wheeler" or the "Company")(NASDAQ:WHLR, WHLRP, WHLRD), today announced that the Independent Inspector of Election has certified the voting results from Wheeler's Annual Meeting of Shareholders confirming that Wheeler shareholders have elected all three of Stilwell's director nominees, Joseph D. Stilwell, Paula J. Poskon and Kerry G. Campbell, to Wheeler's Board of Directors.

Key Points:

NEW YORK, Dec. 31, 2019 /PRNewswire/ -- The Stilwell Group ("Stilwell"), the largest shareholder of Wheeler Real Estate Investment Trust, Inc. ("Wheeler" or the "Company")(NASDAQ:WHLR, WHLRP, WHLRD), today announced that the Independent Inspector of Election has certified the voting results from Wheeler's Annual Meeting of Shareholders confirming that Wheeler shareholders have elected all three of Stilwell's director nominees, Joseph D. Stilwell, Paula J. Poskon and Kerry G. Campbell, to Wheeler's Board of Directors.
The certified voting results with respect to the election of directors are included below.1

ISS Recommends for the Election of Joseph Stilwell and Paula Poskon on The Stilwell Group's GREEN Proxy Card

Retrieved on:

Tuesday, December 3, 2019

Anime, Joseph Stilwell, Proxy

ISS also recommended that stockholders vote AGAINST the Company's say on pay proposal and omnibus stock plan.

Key Points:

ISS also recommended that stockholders vote AGAINST the Company's say on pay proposal and omnibus stock plan.
Megan Parisi of The Stilwell Group stated, "We appreciate the strong support we have received from our fellow stockholders to date.
In recommending that stockholders vote on Stilwell's GREEN proxy card for the election of two of Stilwell's highly-qualified nominees, ISS stated the following:1
"The dissident may not have all the answers, but it appears to be asking the right questions.
VOTE THE GREEN PROXY CARD TODAY TO ELECT ALL THREE OF OUR HIGHLY-QUALIFIED NOMINEES JOSEPH STILWELL, PAULA POSKON AND KERRY CAMPBELL TO THE BOARD AT THE COMPANY'S UPCOMING ANNUAL MEETING
If you have already voted Wheeler's white proxy card, a later dated GREEN proxy card will revoke your previously cast vote.

The Stilwell Group Sends Second Letter to Shareholders of Wheeler Real Estate Investment Trust

Retrieved on:

Tuesday, November 19, 2019

NEW YORK, Nov. 19, 2019 /PRNewswire/ --The Stilwell Group, the largest shareholder of Wheeler Real Estate Investment Trust, Inc. (the "Company")(NASDAQ:WHLR), today announced that it delivered the following open letters to shareholders of the Company.

Key Points:

NEW YORK, Nov. 19, 2019 /PRNewswire/ --The Stilwell Group, the largest shareholder of Wheeler Real Estate Investment Trust, Inc. (the "Company")(NASDAQ:WHLR), today announced that it delivered the following open letters to shareholders of the Company.
This election is about the need for change at WHLR.
As promised, Dave Kelly has stooped to mudslinging and subterfuge out of desperation to keep his compensation and position rather than face his failures.
We've been trying to find out more about the 'Sea Turtle Marketplace Project' for some time.

The Stilwell Group Sends First Letter to Shareholders of Wheeler Real Estate Investment Trust

Retrieved on:

Thursday, November 14, 2019

Corporations, Economy, Business, Shareholders, Mergers and acquisitions, Corporate finance, Corporate law, Joseph Stilwell, Shareholder value, Proxy fight

NEW YORK, Nov. 14, 2019 /PRNewswire/ --The Stilwell Group, the largest shareholder of Wheeler Real Estate Investment Trust, Inc. (the "Company")(NASDAQ:WHLR), today announced that it delivered an open letter to shareholders of the Company.

Key Points:

NEW YORK, Nov. 14, 2019 /PRNewswire/ --The Stilwell Group, the largest shareholder of Wheeler Real Estate Investment Trust, Inc. (the "Company")(NASDAQ:WHLR), today announced that it delivered an open letter to shareholders of the Company.
The full text of the letter follows:
We've finally heard from our Company in its November 8th letter to shareholders.
Joe Stilwell did not end the meeting until Dave Kelly threatened Joe "if he persisted with the proxy contest."
Please vote the GREEN card TODAY to take Dave Kelly off the WHLR board and begin to maximize shareholder value.