Company: ASRV
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022675
Chunk: 13

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 13
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3. While the vote on Matter No. 3 is advisory in nature and non-binding, the Board will review the voting results and expects to take them into consideration when making future decisions regarding the frequency of the advisory vote on executive compensation. Ratification of Independent Registered Public Accounting Firm . The affirmative vote of a majority of votes cast by shareholders at the Annual Meeting is required to approve Matter No. 4. Abstentions and broker non-votes will not constitute or be counted as votes cast and, consequently, will have no effect on the vote on Matter No. 4. If shareholders ratify the selection of Snodgrass as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, the audit committee may, in its discretion, appoint a different independent registered public accounting firm at any time during the year if the audit committee determines that a change is in the best interests of the Company. What is the Board’s recommendation for voting on these proposals? The Board recommends a vote:

| • | FOR the three Class III director nominees |

| • | FOR the advisory vote to approve the compensation of our named executive officers |

| • | For 1 YEAR on the advisory vote on the frequency of future advisory votes to approve the compensation of our named executive officers |

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What are my options for voting on these proposals? A shareholder is entitled to one vote per share of stock owned on the Record Date, on each item of business presented at the Annual Meeting. Shareholders are not entitled to cumulative voting with respect to the election of directors. For the election of each of the three Class III director nominees, a shareholder may either vote “For” or “Against” or “Abstain” from voting. For the non-binding advisory vote on the compensation of our named executive officers, a shareholder may either vote “For” or “Against” the proposal or “Abstain” from voting. For the frequency of the non-binding advisory vote on the compensation of our named executive officers, a shareholder may either vote for “1 Year”, “2 Years” or “3 Years” on the proposal or “Abstain” from voting. For the proposal to ratify the appointment of S.R. Snodgrass P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, a shareholder may either vote “For” or “Against” the proposal or “Abstain” from voting. Am I entitled to appraisal rights as a shareholder