PEOPLES BANCORP INC : Change in Directors or Principal Officers (form 8-K)

Published: 2021-10-26 16:08:18 ET PEBO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 25, 2021, following the unanimous recommendation of the Governance and Nominating Committee, the Board of Directors of Peoples Bancorp Inc. ("Peoples") elected Douglas V. Reynolds as a director of Peoples. Mr. Reynolds will serve as a director of Peoples for an initial term ending at Peoples 2022 Annual Meeting of Shareholders. On October 25, 2021, the Board of Directors of Peoples Bank, the banking subsidiary of Peoples, elected Mr. Reynolds as a member of the Peoples Bank Board of Directors.

In his capacity as a non-employee director of each of Peoples and Peoples Bank, Mr. Reynolds will receive compensation on the same basis as the other non-employee directors receive for their service on the Peoples and Peoples Bank Boards of Directors and the respective committees of the Peoples and Peoples Bank Boards of Directors. Any appointments of Mr. Reynolds to committees will be determined at a later date.

Mr. Reynolds served as a member of the Board of Directors of Premier Financial Bancorp, Inc. ("Premier") until Premier was acquired by Peoples on September 17, 2021. Under the terms of the acquisition agreement, one Premier director selected by Peoples was to join Peoples' Board of Directors.

Mr. Reynolds is President and Chief Executive Officer of Energy Services of America Corporation ("Energy Services"), Huntington, West Virginia, a position he has held since 2012. Energy Services provides contracting services for utilities and energy related companies, including gas, petroleum power, chemical, water and sewer and automotive industries. Mr. Reynolds has served on the Board of Directors of Energy Services since 2008.

Mr. Reynolds is also Managing Partner of HD Media Company, LLC, Huntington, West Virginia, a position he has held since 2013. HD Media Company, LLC, owns several newspapers in West Virginia, including the Herald-Dispatch in Huntington and the Charleston Gazette-Mail in Charleston.

Mr. Reynolds also serves as non-executive Chairman of the Board of Directors of the Bank of Mingo, in Mingo, West Virginia, a position he has held since 2019.

A licensed attorney, Mr. Reynolds served as Assistant Prosecuting Attorney for Cabell County, West Virginia, from 2008 to 2013, and he served as a member of the West Virginia House of Delegates from 2007 to 2016. Mr. Reynolds holds a B.A. degree from Duke University, and a J.D. degree from West Virginia University.

Peoples has determined that neither Mr. Reynolds nor any of his immediate family members has had (or proposes to have) a direct or indirect interest in any transaction in which Peoples or any of Peoples' subsidiaries was (or is proposed to be) a participant, that would be required to be disclosed under Item 404(a) of Securities and Exchange Commission Regulation S-K. Peoples has also determined that Mr. Reynolds qualifies as an "Independent Director" as defined in Rule 5605(a)(2) of The Nasdaq Stock Market's Corporate Governance Requirements.

A copy of the press release announcing Mr. Reynolds's election to the Peoples Board of Directors is included as Exhibit 99 to this Current Report on Form 8-K and incorporated herein by reference.