AmeriServ Financial Reaches Cooperation Agreement With Significant Shareholder SB Value Partners, L.P.
AmeriServ Financial Reaches Cooperation Agreement With Significant Shareholder SB Value Partners, L.P.
AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced that it has reached a cooperation agreement ("Cooperation Agreement") with SB Value Partners, L.P. ("SBV"), which owns approximately 7.7% of the Company's outstanding common stock, par value $0.01 per share (the "Common Stock").
AmeriServ Financial, Inc.（納斯達克股票代碼：ASRV）（“AmeriServ” 或 “公司”）今天宣佈，它已與SB Value Partners, L.P.（“SBV”）達成合作協議（“合作協議”），後者擁有公司約7.7％的已發行普通股，面值每股0.01美元（“普通股”）。
Under the Cooperation Agreement the Company, including members of AmeriServ's senior management and other designated members of the Company's Board of Directors (the "Board"), and SBV will regularly consult regarding the Company's financial performance metrics, business development and other similar matters. In addition, the Company and SBV will actively engage in substantive collaborative discussions designed to promote performance improvement and enhance the Company's value, subject in all events to input from and approval by the Board.
根據合作協議，公司，包括AmeriServ高級管理層成員和公司董事會（“董事會”）的其他指定成員，以及SBV將定期就公司的財務業績指標、業務發展和其他類似事項進行磋商。此外，公司和SBV將積極參與旨在促進績效改善和提高公司價值的實質性合作討論，但無論如何都要聽取董事會的意見和批准。
"We are pleased to have reached this Cooperation Agreement with SBV and appreciate the constructive dialogue we have had with them," said J. Michael Adams, Jr., AmeriServ's Chairman of the Board. "Our Board, which includes directors with a broad range of relevant skills and experience, is always open to the views of our shareholders – and this formalized structure with significant shareholder SBV is a testament to that commitment. We remain focused on the execution of our strategy as we continue enhancing value for shareholders, customers, employees and the communities we serve."
AmeriServ董事會主席小邁克爾·亞當斯表示：“我們很高興與SBV達成這項合作協議，並感謝我們與他們進行的建設性對話。”“我們的董事會由具有廣泛相關技能和經驗的董事組成，始終對股東的意見持開放態度——而這種由大股東SBV組成的正式結構證明了這一承諾。在繼續爲股東、客戶、員工和我們所服務的社區提高價值的同時，我們將繼續專注於戰略的執行。”
"Our 30 years of community banking experience lead us to believe that AmeriServ is a unique combination of niche businesses, significant bank assets and large Wealth Management AUM (Assets Under Management)," said Scott Barnes, Managing Partner of SBV. "We appreciate the Company's open and transparent engagement with us and look forward to our mutual discussions regarding increased financial performance and responsible asset growth to benefit all stakeholders and shareholders alike."
SBV管理合夥人斯科特·巴恩斯表示：“我們30年的社區銀行業務經驗使我們相信，AmeriServ是利基業務、重要銀行資產和大型财富管理資產管理規模（管理資產）的獨特組合。”“我們感謝公司與我們的開放和透明的合作，並期待我們就提高財務業績和負責任的資產增長進行相互討論，使所有利益相關者和股東都受益。”
Pursuant to the Cooperation Agreement, SBV has agreed to vote its shares of Common Stock in favor of all of the Board's nominees and support all of the Board's recommended proposals at each annual or special meeting of shareholders of the Company held during the term of the Cooperation Agreement (subject to exceptions with respect to proposals that could reasonably be expected to result in an extraordinary transaction described in the Cooperation Agreement). SBV has also agreed to customary standstill, voting and other provisions. The complete Cooperation Agreement between the Company and SBV will be included on the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC").
根據合作協議，SBV已同意在合作協議期限內舉行的公司每一次年度或特別股東大會上對其普通股進行投票，以支持董事會的所有提案（可以合理預期會導致合作協議中描述的特別交易的提案除外）。SBV還同意了慣例停頓、表決和其他條款。公司與SBV之間的完整合作協議將包含在公司向美國證券交易委員會（“SEC”）提交的8-K表最新報告中。
譯文內容由第三人軟體翻譯。