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AmeriServ Financial, Inc. (NASDAQ:ASRV), a Pennsylvania-based financial institution with a market capitalization of $47 million and a P/E ratio of 12.8, reported the results of its 2025 annual meeting of shareholders held Tuesday, according to a press release statement based on a filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company’s stock has shown resilience with a 16.8% return over the past year, despite recent market volatility.
Shareholders voted on four proposals. For Proposal 1, three Class III directors—Amy Bradley, Kim W. Kunkle, and Jeffrey A. Stopko—were elected to the board to serve until the 2028 annual meeting or until their successors are elected and qualified. Vote results for Amy Bradley were 8,642,087 shares for, 2,381,228 against, and 37,314 abstaining. Kim W. Kunkle received 6,568,982 for, 4,350,065 against, and 141,582 abstaining. Jeffrey A. Stopko received 8,657,767 for, 2,363,837 against, and 39,025 abstaining. There were 2,605,968 broker non-votes for each nominee.
Proposal 2 was an advisory vote to approve the compensation of the company’s named executive officers. The vote results were 6,194,419 shares for, 4,641,996 against, and 224,214 abstaining, with 2,605,968 broker non-votes.
Proposal 3 asked shareholders about the frequency of future advisory votes on executive compensation. A total of 9,143,244 shares favored an annual vote, 36,087 favored every two years, and 1,794,074 favored every three years, with 87,224 abstaining and 2,605,968 broker non-votes. The board determined that an advisory vote on executive compensation will be presented at each annual shareholder meeting.
Proposal 4 was the ratification of 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. Results were 13,414,910 shares for, 158,340 against, and 93,347 abstaining.
The company is headquartered in Johnstown, Pennsylvania. The information in this article is based on a press release statement and SEC filing.
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