AmeriServ Financial Announces Cooperation and Settlement Agreement with Driver Management [Yahoo! Finance]
AmeriServ Financial Inc. (ASRV)
US:NASDAQ Investor Relations:
investors.ameriserv.com
Company Research
Source: Yahoo! Finance
JOHNSTOWN, Pa., June 14, 2024 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 provisions. AmeriServ and Driver have also executed a stock purchase agreemen
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ASRV
News
- Don't Race Out To Buy AmeriServ Financial, Inc. (NASDAQ:ASRV) Just Because It's Going Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDENDPR Newswire
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2024 [Yahoo! Finance]Yahoo! Finance
- AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2024PR Newswire
- PA Bankers Association names board of directors [Yahoo! Finance]Yahoo! Finance
ASRV
Sec Filings
- 9/23/24 - Form 8-K
- 8/27/24 - Form 4
- 8/27/24 - Form 4
- ASRV's page on the SEC website