Company: ASRV
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022675
Chunk: 36

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 36
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 The compensation/human resources committee also discussed, evaluated, and reviewed with our chief risk officer all of the compensation programs in which the Named Executive Officers participate to assess whether any aspect of these programs create risks that are reasonably likely to have a material adverse effect on us. The compensation/human resources committee met with our chief risk officer in March 2024 and November 2024 with respect to the foregoing. At the conclusion of this review, the compensation/human resources committee determined that our compensation programs for our Named Executive Officers do not create risks that are reasonably likely to have a material adverse effect on us. Restatement of Financial Statements The compensation/human resources committee is of the view that, to the extent permitted by law, it has authority to retroactively adjust any cash or equity-based incentive award paid to any senior officer (including any Named Executive Officer) where the award was based upon our achievement of specified financial goals and it is 22 subsequently determined following a restatement of our financial statements that the specified goals were not in fact achieved. There has been no restatement of our financial statements, and, therefore, there have been no retroactive adjustments of any cash or equity-based incentive award on such a basis. Compensation Paid to Executive Officers The following table sets forth information for the years ended December 31, 2022, 2023 and 2024 concerning the compensation of our Named Executive Officers for services in all capacities to us and our subsidiaries. 23

SUMMARY COMPENSATION TABLE

| Name, Age and Principal Position                                                                                   |      |     | Year |         |     |  Salary 
     ($) |   |     | Bonus 
 ($)   |   |     | Stock  
 Awards 
 ($)    |   |     | Option 
 Awards 
 ($)    |   |     | Non-Equity     
 Incentive Plan 
 Compensation   
 ($)            |         |     |        Changes in 
 Pension Value and 
      Nonqualified 
          Deferred 
      Compensation 
          Earnings 
               ($) |        |     |    All Other 
 Compensation 
       ($)(1) |         |     |   Total 
     ($) |
| Jeffrey A. Stopko, age 62                                                                                          
 President and CEO of ASRV and AmeriServ Financial Bank                                                             |      |     | 2024 |         |     | 404,271 |   |     | —     |   |     | —      |   |     | —      |   |     | —              |         |     |            77,