Company: ASRV
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022675
Chunk: 25

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 25
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/corporate governance committee considers potential candidates recommended by its members, management and others, including shareholders. In considering candidates recommended by shareholders, the committee will apply the same criteria it applies in connection with candidates recommended by the nominating/corporate governance committee. Shareholders may propose candidates to the nominating/corporate governance committee by delivering a notice to the nominating/corporate governance committee that contains the information required by our Bylaws. 15 Shareholders wishing to submit recommendations or director nominations pursuant to the advance notice procedures set forth in our Bylaws for our 2026 annual meeting of shareholders should submit their recommendations or nominations to the nominating/corporate governance committee in care of our Corporate Secretary. Such nominations should be in accordance with the time limitations, procedures, and requirements described under “Shareholder Proposals and Director Nominations For Next Annual Meeting” below. Our Bylaws include proxy access provisions, which permits an eligible shareholder or group of up to 20 shareholders to nominate candidates for election to our Board. Proxy access candidates will be included in our proxy statement and ballot. The proxy access bylaw provision provides the shareholder or shareholder group must have owned 3% or more of our outstanding shares continuously for at least three years, with the right to nominate two individuals or 20% of the Board, whichever is greater, for election at an annual meeting of shareholders. Our Bylaws provide details regarding the timeframes and procedures that must be followed and other requirements that must be met to nominate directors through this process. Shareholders who wish to include director nominations in our proxy statement or nominate directors directly at an annual shareholders meeting must follow the instructions under Shareholder Proposals and Director Nominations For Next Annual Meeting” below. The nominating/corporate governance committee did not pay any fee to any third party to search for, identify and/or evaluate the 2025 nominees for directors. The nominating/corporate governance committee is also responsible for making recommendations to the Board regarding, and monitoring compliance with: corporate governance principles applicable to the Company; matters involving the Company’s Articles of Incorporation, Bylaws, shareholder proposals, committee responsibilities and other corporate governance issues; and the Company’s policies, including, but not limited to, its Code of Ethics and Legal Code of Conduct, Code of Conduct for Directors, Code of Ethics for the Chief Executive Officer and Senior Financial Officers, and Policy on Personal Securities Transactions. The committee also serves as the initial reviewing forum for allegations of violations of the policies identified in this paragraph, as well as allegations