AmeriServ Financial Announces Cooperation and Settlement Agreement with Driver Management
AmeriServ Financial Inc. (ASRV)
US:NASDAQ Investor Relations:
investors.ameriserv.com
Company Research
Source: Business Wire
Driver Will Withdraw Director Nominations and Dismiss All Litigation Against AmeriServ JOHNSTOWN, Pa.--(BUSINESS WIRE)--AmeriServ Financial, Inc. (NASDAQ: ASRV) (“AmeriServ” or the “Company”) today announced that it has reached a cooperation and settlement agreement (the “Cooperation Agreement”) with Driver Opportunity Partners I LP (collectively with its affiliates, “Driver”).Pursuant to the Cooperation Agreement, Driver has agreed to withdraw its notice of nomination of director candidates for election to the Company’s Board of Directors (the “Board”), along with other shareholder proposals, at the 2024 Annual Meeting of Shareholders and to voluntarily dismiss all outstanding litigation against AmeriServ. Further, Driver has agreed to a perpetual standstill which provides that from and at all times after the effective date of the Cooperation Agreement, Driver will not attempt to nominate director candidates at AmeriServ or bring litigation against the Company, among other provisi
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News
- AmeriServ Financial Announces Cooperation and Settlement Agreement with Driver Management [Yahoo! Finance]Yahoo! Finance
- UP Fintech, Applied Digital among financial movers [Seeking Alpha]Seeking Alpha
- Dividend Investors: Don't Be Too Quick To Buy AmeriServ Financial, Inc. (NASDAQ:ASRV) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- AmeriServ Financial (NASDAQ:ASRV) Will Pay A Dividend Of $0.03 [Yahoo! Finance]Yahoo! Finance
- AmeriServ Financial Reaches Cooperation Agreement with Significant Shareholder SB Value Partners, L.P. [Yahoo! Finance]Yahoo! Finance
ASRV
Sec Filings
- 6/25/24 - Form 11-K
- 6/24/24 - Form 8-K
- 6/14/24 - Form 8-K
- ASRV's page on the SEC website