AmeriServ Financial, Inc. to Hold 2022 Annual Shareholders Meeting Today by Virtual Means

Rhea-AI Summary

AmeriServ Financial, Inc. (NASDAQ: ASRV) held its 2022 Annual Meeting of Shareholders on April 26, 2022, in a virtual-only format. Shareholders participated by asking questions and voting through the virtual platform. The meeting addressed key agenda items, including the election of directors, the ratification of an independent accounting firm, and an advisory vote on executive compensation. As of March 31, 2022, the company reported total assets of $1.3 billion and a book value of $6.65 per share.

Positive

• Shareholders can participate virtually, ensuring greater accessibility.
• As of March 31, 2022, total assets were reported at $1.3 billion.

Negative

• No significant negative business aspects reported.

JOHNSTOWN, Pa., April 26, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (the "Company") (NASDAQ: ASRV), will hold the Company's 2022 Annual Meeting of Shareholders today in a virtual-only format. 

Although shareholders will not be able to attend the annual meeting in person, virtual attendance capabilities will provide shareholders the ability to participate and ask questions during the meeting.  Additionally, the Company's shareholders will be deemed "present" if they access the annual meeting through the virtual platform and they will be able to vote their shares at the annual meeting, or revoke or change a previously submitted vote, through the virtual platform. 

The virtual meeting will be held on Tuesday, April 26, 2022 at 1:30 p.m.  As described in the proxy materials for the annual meeting, the Company's shareholders are entitled to participate in the annual meeting if they were a shareholder of record as of the close of business on February 11, 2022, which is the record date for the annual meeting.

Shareholders will be able to attend the meeting online, vote their shares electronically, and submit their questions during the meeting by visiting https://www.virtualshareholdermeeting.com/ASRV2022.  The Company urges shareholders to consider voting and submitting proxies in advance of the annual meeting using one of the available methods described in the proxy materials previously provided to the Company's shareholders. 

Pertinent User Information:

What: 2022 Annual Meeting of Shareholders

When: 1:30 p.m. ET, Tuesday, April 26, 2022

Where: https://www.virtualshareholdermeeting.com/ASRV2022.

Participants are asked to register for the webcast approximately 10 to 15 minutes prior to the beginning of the meeting.  The replay of the meeting will be available at the same site 24 hours after the meeting has concluded.

Meeting Agenda:

1. Welcome and Opening Remarks – Allan R. Dennison, Chairman 
2. Election of Class III Directors for Terms Expiring in 2025 
   a.       Kim W. Kunkle, President and Chief Executive Officer, Laurel Holdings, Inc. 
   b.      Jeffrey A. Stopko, President and Chief Executive Officer, AmeriServ Financial, Inc. 
3. Ratification of the Appointment of SR Snodgrass PC as independent registered public accounting firm for the fiscal year ending December 31, 2022 
4. An Advisory Vote to approve the compensation of the named executive officers of AmeriServ Financial, Inc. 
5. 2021 Financial Review – Michael D. Lynch, Executive Vice President – Chief Financial Officer, Chief Investment Officer, Chief Risk Officer 
6. First Quarter 2022 Update and Ongoing Strategic Initiatives – Jeffrey A. Stopko, President and Chief Executive Officer 
7. Report on Election 
8. Questions and Answers 

About AmeriServ Financial, Inc. 

AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown, Pennsylvania.  The Company's subsidiaries provide full-service banking and wealth management services through 18 community offices in southwestern Pennsylvania and Hagerstown, Maryland.  The Company also operates loan production offices in Altoona and Monroeville, Pennsylvania.  At March 31, 2022, AmeriServ had total assets of $1.3 billion and a book value of $6.65 per common share.  For more information, visit www.ameriserv.com. 

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SOURCE AmeriServ Financial, Inc.

FAQ

What is the date and time of AmeriServ's 2022 Annual Meeting?

The 2022 Annual Meeting of Shareholders was held on April 26, 2022, at 1:30 p.m. ET.

How can shareholders vote at the virtual annual meeting of AmeriServ?

Shareholders can vote their shares electronically through the virtual platform during the annual meeting.

What were the key agenda items discussed at the AmeriServ 2022 Annual Meeting?

Key agenda items included the election of directors, ratification of an accounting firm, and an advisory vote on executive compensation.

What is the total assets figure for AmeriServ Financial as of March 31, 2022?

As of March 31, 2022, AmeriServ Financial reported total assets of $1.3 billion.

What is the book value per share of AmeriServ Financial?

The book value per share of AmeriServ Financial is $6.65.