AmeriServ enters amended consulting deal with SBV, issues 433k shares, SBV ownership to 9.7%

AMERISERV FINANCIAL INC /PA/

Amended and restated consulting agreement expands scope with SB Value Partners through additional Phase II services.
Company issues 350,000 shares to SBV and 83,000 employee incentive shares; SBV ownership rises from 7.7% to ~9.7%.
SBV to provide business development, KPI, and shareholder relation consulting; two SBV employees on-site two weeks/month.
Cash compensation: $20,000/month plus up to $20,000/month for employee salaries, plus incentive payments.
Shares subject to transfer restrictions until later of Dec 2027 or end of consulting period; company has repurchase right for 1 year.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERISERV FINANCIAL INC /PA/ amended Amended and Restated Consulting Agreement with SB Value Partners, L.P. (effective 2026-01-06).

Action: amendment
Counterparty: SB Value Partners, L.P.
Effective: 2026-01-06

Exact text from the filing

the Company entered into an Amended and Restated Consulting Agreement (the “ Agreement ”) with the Advisor on January 6, 2026 pursuant to which, among other things, the Company desires to expand and supplement the nature and scope of the consulting services to be provided by the Advisor (the “ Phase II Consulting Services ”).

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AMERISERV FINANCIAL INC /PA/ filing history →

Source: SEC EDGAR

accession 0001104659-26-001622

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