---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-066631"
form_type: "8-K"
ticker: "ASRV"
cik: "0000707605"
company_name: "AMERISERV FINANCIAL INC /PA/"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:56:55.648325+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# AmeriServ annual meeting: directors elected, cumulative voting amendment fails, Driver Group litigation pending

## Summary
- Three Class I directors (Bloomindale, Hickton, Onorato) elected with >6.4M votes each.
- Proposal to eliminate cumulative voting rejected: 4.5M for, 6.7M against, 123K abstain.
- Advisory vote on named executive officer compensation passed: 6.7M for, 4.5M against.
- Ratification of S.R. Snodgrass P.C. as auditor passed: 11.1M for, 296K against.
- Driver Group's nomination invalid per bylaws; preliminary injunction denied; litigation continues.

## SEC filing metadata
- accession: 0001104659-23-066631
- form_type: 8-K
- ticker: ASRV
- cik: 0000707605
- company_name: AMERISERV FINANCIAL INC /PA/
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707605/000110465923066631/0001104659-23-066631-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707605/000110465923066631/tm2317403d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-066631
- JSON: https://secwatch.observer/filing/0001104659-23-066631.json
- Plain text: https://secwatch.observer/filing/0001104659-23-066631.txt

## Key facts
- Shareholder Votes
  AMERISERV FINANCIAL INC /PA/ shareholders approved Election of three Class I director nominees at the 2023-05-26 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-26
  source text: Proposal 1 – Election of three Class I director nominees of the Company’s board of directors, each to serve until the 2026 annual meeting of shareholders, or until the earlier of their resignation or their respective successors shall have been duly elected and qualified: 1 For Withhold Broker Non-Votes Richard W. Bloomingdale 6,659,737 1,442,147 228,027 David J. Hickton 6,678,799 1,423,084 228,027 Daniel A. Onorato 6,461,812 1,640,071 228,027
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000110465923066631/0001104659-23-066631-index.htm
- Shareholder Votes
  AMERISERV FINANCIAL INC /PA/ shareholders rejected Approval and adoption of an amendment to the Company’s Amended and Restated Articles of Incorporation to eliminate the ability to exercise cumulative voting in director elections at the 2023-05-26 meeting.
  - Proposal: charter amendment
  - Outcome: failed
  - Meeting: 2023-05-26
  source text: Proposal 2 – Approval and adoption of an amendment to the Company’s Amended and Restated Articles of Incorporation to eliminate the ability to exercise cumulative voting in director elections: 1 For Against Abstain Broker Non-Votes 4,508,083 6,703,941 122,991 228,027
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000110465923066631/0001104659-23-066631-index.htm
- Shareholder Votes
  AMERISERV FINANCIAL INC /PA/ shareholders approved An advisory vote to approve the compensation of the named executive officers of the Company at the 2023-05-26 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-26
  source text: Proposal 3 – An advisory vote to approve the compensation of the named executive officers of the Company: 1 For Against Abstain Broker Non-Votes 6,686,036 4,453,988 194,991 228,027
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000110465923066631/0001104659-23-066631-index.htm
- Shareholder Votes
  AMERISERV FINANCIAL INC /PA/ shareholders approved Ratification of the appointment of S.R. Snodgrass P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-26 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-26
  source text: Proposal 4 – Ratification of the appointment of S.R. Snodgrass P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023: 1 For Against Abstain Broker Non-Votes 11,110,840 296,630 155,572 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/707605/000110465923066631/0001104659-23-066631-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.