|
PEOPLES
FINANCIAL SERVICES CORP.
|
||
|
(Exact
name of registrant as specified in its charter)
|
||
|
PENNSYLVANIA
|
23-2391852
|
|
|
(State
of incorporation)
|
(IRS
Employer Identification No.)
|
|
|
82
FRANKLIN AVE., HALLSTEAD, PA
|
18822
|
|
|
(Address
of principal executive offices)
|
(Zip
code)
|
|
|
(570)
879-2175
|
||
|
(Registrant’s
telephone number including area code)
|
||
|
Item
1.01
|
Entry
into a Material Definitive Agreement
|
|
On
October 23, 2009, the Company entered into a Termination Agreement with
Frederick Malloy with the initial term commencing as of October 23, 2009,
and ending on October 23, 2010 and will be automatically
extended to provide for a two (2) year term, annually, on October 23,
2010, and again on October 23 of each year thereafter. The
Company considers the continued services of this employee to be in the
best interest of the Company and its shareholders and desires to induce
him to remain in the employ of the Bank on an impartial and objective
basis in the event of a change in control.
A
copy of this agreement is included as Exhibit 10.14 to this
report.
|
|
Item
9.01 (c)
|
Financial
Statements and Exhibits
|
|
10.14 Termination
Agreement Between Peoples Financial Services Corp. and Frederick
Malloy
|
|
|
Exhibit
|
Page
Number of Manually Signed Original
|
|
|
10.14
|
Termination
Agreement Between Peoples Financial Services Corp. and Frederick
Malloy
|
4
|
|
/s/
|
Richard
S. Lochen, Jr.
|
|
|
Dated:
October 27, 2009
|
By:
Richard S. Lochen, Jr.
President
& CEO
|
|
|
/s/
|
Debra
E. Dissinger
|
|
|
Dated:
October 27, 2009
|
By:
Debra E. Dissinger
Executive
Vice President/COO
|
|
|
/s/
|
Joseph
M. Ferretti
|
|
|
Dated:
October 27, 2009
|
By:
Joseph M. Ferretti
Vice
President/CCO
|
|
|
/s/
|
Frederick
J. Malloy
|
|
|
Dated:
October 27, 2009
|
By:
Frederick J. Malloy
Vice
President/Controller
|
|