AmeriServ Financial invalidates Driver's director nominations citing bylaw violations

AMERISERV FINANCIAL INC /PA/

Company found Driver's Jan 17 nomination notice deficient for failing to disclose $4M+ related-party loans involving nominee Rudolph's father and brother-in-law.
Bylaw deadline was Jan 26; subsequent Feb 10 attempt to cure was untimely and still incomplete.
Nominee J. Abbott Cooper may be ineligible under interlock rule due to expected board seat at First of Long Island.
Company demands Driver withdraw candidates by Mar 16; warns it will not recognize nominations at 2023 annual meeting.

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