SEC Comment Letter 0000000000-23-003042 to PEOPLES FINANCIAL CORP /MS/ (PFBX) (CIK 0000770460) (PFBX)
PEOPLES FINANCIAL CORP /MS/ (PFBX) (CIK 0000770460)
Date: March 27, 2023 · CIK: 0000770460 · Accession: 0000000000-23-003042
AI Filing Summary & Sentiment
File numbers found in text: 001-12103
Letter
United States securities and exchange commission logo March 27, 2023 Meagan Reda Partner Olshan Frome Wolosky LLP 1325 Avenue of the Americas New York, NY 10019 Re:Peoples Financial Corp. Definitive Additional Soliciting Materials filed by Stilwell Value Partners VII, L.P. et. al. Filed on March 23, 2023 File No. 001-12103 Dear Meagan Reda: We have reviewed your filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Definitive Additional Soliciting Materials Letter to Shareholders 1.Each statement or assertion of opinion or belief must be clearly characterized as such, and a reasonable factual basis must exist for each such opinion or belief. Support for opinions or beliefs should be self-evident, disclosed in the proxy statement or provided to the staff on a supplemental basis. Provide support for the statement that the company conducted "...inept bond purchases..." and that such purchases led the company's common stock to lose $6 per share in value.
FirstName LastNameMeagan Reda Comapany NameOlshan Frome Wolosky LLP March 27, 2023 Page 2 FirstName LastName Meagan Reda Olshan Frome Wolosky LLP March 27, 2023 Page 2 2.You must avoid issuing statements that directly or indirectly impugn the character, integrity or personal reputation or make charges of illegal, improper or immoral conduct without factual foundation. Note that the factual foundation for such assertion must be reasonable. Refer to Rule 14a-9. Provide us supplementally, or disclose, the factual foundation for your statement that the "...Swetmans look like small-town hucksters to me" or disseminate revised disclosure. We remind you that the filing persons are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please direct any questions to Dan Duchovny at 202-551-3619. Sincerely, Division of Corporation Finance Office of Mergers & Acquisitions
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United States securities and exchange commission logo
March 27, 2023
Meagan Reda
Partner
Olshan Frome Wolosky LLP
1325 Avenue of the Americas
New York, NY 10019
Re:Peoples Financial Corp.
Definitive Additional Soliciting Materials filed by Stilwell Value Partners VII,
L.P. et. al.
Filed on March 23, 2023
File No. 001-12103
Dear Meagan Reda:
We have reviewed your filing and have the following comments. In some of our
comments, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to these comments by providing the requested information or advise us as
soon as possible when you will respond. If you do not believe our comments apply to your facts
and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Definitive Additional Soliciting Materials
Letter to Shareholders
1.Each statement or assertion of opinion or belief must be clearly characterized as such, and
a reasonable factual basis must exist for each such opinion or belief. Support for opinions
or beliefs should be self-evident, disclosed in the proxy statement or provided to the staff
on a supplemental basis. Provide support for the statement that the company conducted
"...inept bond purchases..." and that such purchases led the company's common stock to
lose $6 per share in value.
FirstName LastNameMeagan Reda
Comapany NameOlshan Frome Wolosky LLP
March 27, 2023 Page 2
FirstName LastName
Meagan Reda
Olshan Frome Wolosky LLP
March 27, 2023
Page 2
2.You must avoid issuing statements that directly or indirectly impugn the
character, integrity or personal reputation or make charges of illegal, improper or immoral
conduct without factual foundation. Note that the factual foundation for such assertion
must be reasonable. Refer to Rule 14a-9. Provide us supplementally, or disclose, the
factual foundation for your statement that the "...Swetmans look like small-town hucksters
to me" or disseminate revised disclosure.
We remind you that the filing persons are responsible for the accuracy and adequacy of
their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please direct any questions to Dan Duchovny at 202-551-3619.
Sincerely,
Division of Corporation Finance
Office of Mergers & Acquisitions