Activist Driver nominates three directors to AmeriServ board; company responds with letter

AMERISERV FINANCIAL INC /PA/

Driver Opportunity Partners LP, an 8.1% shareholder, submitted notice to nominate three candidates for 2023 annual meeting.
AmeriServ board is reviewing the nomination materials for compliance with bylaws and articles of incorporation.
Board cites post-pandemic stock return of ~31% since Jan 2021, rejects entrenchment claims.
Company states it will not agree to share repurchases or cash payments to end the contest.
AmeriServ plans to file a proxy statement and urges shareholders to read it when available.

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