Name and Address
of Beneficial Owner |
| |
Amount of
Beneficial Ownership |
| |
Percent of
Common Stock |
| ||||||
Dimensional Fund Advisors LP(1) ...............................................................................
Building One 6300 Bee Cave Road Austin, Texas 78746 |
| | | | 1,357,186 | | | | | | 8.0% | | |
M3 Partners, LP(2) ......................................................................................................
10 Exchange Place, Suite 510 Salt Lake City, Utah 84111 |
| | | | 1,214,764 | | | | | | 7.1% | | |
Tontine Financial Partners, L.P.(3) ...............................................................................
1 Sound Shore Drive, Suite 304 Greenwich, CT 06830-7251 |
| | | | 919,460 | | | | | | 5.4% | | |
Name of Beneficial Owner(1)
|
| |
Shares Beneficially
Owned |
| |
Percent
of Class (%) |
| ||||||
J. Michael Adams, Jr.(3)
|
| | | | 130,180 | | | | | | * | | |
Allan R. Dennison(4)
|
| | | | 68,703 | | | | | | * | | |
Craig G. Ford
|
| | | | 83,080 | | | | | | * | | |
James T. Huerth(2)(5)
|
| | | | 80,352 | | | | | | * | | |
Kim W. Kunkle(6)
|
| | | | 134,578 | | | | | | * | | |
Michael D. Lynch(2)
|
| | | | 20,332 | | | | | | * | | |
Margaret A. O’Malley
|
| | | | 328,713 | | | | | | 1.9 | | |
Daniel A. Onorato
|
| | | | 9,050 | | | | | | * | | |
Mark E. Pasquerilla(7)
|
| | | | 473,536 | | | | | | 2.8 | | |
Sara A. Sargent
|
| | | | 220,554 | | | | | | 1.3 | | |
Jeffrey A. Stopko(2)(8)
|
| | | | 125,424 | | | | | | * | | |
Officers, Directors and Nominees for Director as a Group (11 persons)
|
| | | | 1,674,442 | | | | | | 9.8 | | |
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 58...............................
President and CEO of ASRV and AmeriServ Financial Bank |
| | | | 2020 | | | | | | 352,950 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 212,058 | | | | | | 14,281 | | | | | | 579,289 | | |
| | | 2019 | | | | | | 342,375 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 246,419 | | | | | | 16,429 | | | | | | 605,223 | | | ||
| | | 2018 | | | | | | 327,500 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 40,862 | | | | | | 151,770 | | | | | | 16,692 | | | | | | 536,824 | | | ||
Michael D. Lynch, age 60..............................
Senior Vice President, CFO, Chief Investment Officer, & Chief Risk Officer of ASRV and AmeriServ Financial Bank and Treasurer of AmeriServ Trust and Financial Services Company |
| | | | 2020 | | | | | | 201,750 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 180,652 | | | | | | 4,758 | | | | | | 387,160 | | |
| | | 2019 | | | | | | 195,375 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 226,438 | | | | | | 3,630 | | | | | | 425,444 | | | ||
| | | 2018 | | | | | | 186,125 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 17,593 | | | | | | 148,481 | | | | | | 3,481 | | | | | | 355,680 | | | ||
James T. Huerth, age 59................................
President and CEO of AmeriServ Trust and Financial Services Company |
| | | | 2020 | | | | | | 293,350 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 221,344 | | | | | | 13,541 | | | | | | 528,235 | | |
| | | 2019 | | | | | | 286,000 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 217,25 | | | | | | 11,560 | | | | | | 514,816 | | | ||
| | | 2018 | | | | | | 275,250 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 42,555 | | | | | | 137,442 | | | | | | 11,449 | | | | | | 466,696 | | |
| | |
Option Awards
|
| |||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Equity
Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |||||||||||||||
Jeffrey A. Stopko..................................
|
| | |
|
1,500
11,403 6,515 25,000 10,000 |
| | | |
|
0
0 0 0 0 |
| | | |
|
0
0 0 0 0 |
| | | |
$
$ $ $ $ |
2.28
2.75 3.23 3.18 2.96 |
| | | |
|
2/16/2021
3/15/2022 3/15/2023 2/19/2024 3/19/2025 |
| |
Michael D. Lynch.................................
|
| | |
|
1,061
5,000 |
| | | |
|
0
0 |
| | | |
|
0
0 |
| | | |
$
$ |
3.23
2.96 |
| | | |
|
3/15/2023
3/19/2025 |
| |
| | | | | 6,000 | | | | | | 0 | | | | | | 0 | | | | | $ | 2.96 | | | | | | 4/11/2026 | | |
James T. Huerth....................................
|
| | |
|
3,000
11,402 6,384 25,000 7,500 |
| | | |
|
0
0 0 0 0 |
| | | |
|
0
0 0 0 0 |
| | | |
$
$ $ $ $ |
2.28
2.75 3.23 3.18 2.96 |
| | | |
|
2/16/2021
3/15/2022 3/15/2023 2/19/2024 3/19/2025 |
| |
| | | 10,000 | | | | | | 0 | | | | | | 0 | | | | | $ | 2.96 | | | | | | 4/11/2026 | | |
PENSION BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2020 |
| |||||||||||||||||||||
Name
|
| |
Plan Name
|
| |
Number of
years of Credited Service (#) |
| |
Present
Value of Accumulated Benefit ($)(1) |
| |
Payments During
Last Fiscal Year ($) |
| |||||||||
Jeffrey A. Stopko
|
| |
Defined Benefit Plan
|
| | | | 34 | | | | | | 1,190,937 | | | | | | 0 | | |
James T. Huerth
|
| |
Defined Benefit Plan
|
| | | | 11 | | | | | | 932,478 | | | | | | 0 | | |
Michael D. Lynch
|
| |
Defined Benefit Plan
|
| | | | 38 | | | | | | 937,144 | | | | | | 0 | | |
Name
|
| |
Executive
Contributions in Last Fiscal Year ($) |
| |
Registrant
Contributions in Last Fiscal Year ($) |
| |
Aggregate
Earnings in Last Fiscal Year ($) |
| |
Aggregate
Withdrawals/ Distributions in Last Fiscal Year ($) |
| |
Aggregate
Balance at Last Fiscal Year-End ($) |
| |||||||||||||||
James T. Huerth
|
| | | | 32,269 | | | | | | — | | | | | | 910 | | | | | | — | | | | | | 220,502 | | |
| | | | | | | | | | | | | | | | | |
Before Change in Control
|
| |
After Change in Control
|
| ||||||||||||||||||
| | | | | |
Termination
for Death or Disability |
| |
Involuntary
Termination for Cause |
| |
Involuntary
Termination without Cause |
| |
Voluntary
Termination for Good Reason |
| |
Involuntary
Termination without Cause |
| |
Voluntary
Termination for Good Reason |
| ||||||||||||||||||
Jeffery A. Stopko ............
|
| |
Severance(1)
|
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 704,872 | | | | | $ | 704,872 | | | | | $ | 1,055,321 | | | | | $ | 1,055,321 | | |
| Welfare continuation(2) | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 42,665 | | | | | $ | 42,665 | | | | | $ | 63,953 | | | | | $ | 63,953 | | | ||
|
Potential reduction in payout due to
operation of Code Section 280G |
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | (139,855) | | | | | $ | (139,855) | | | ||
| Total | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 747,537 | | | | | $ | 747,537 | | | | | $ | 979,418 | | | | | $ | 979,418 | | | ||
James T. Huerth ..............
|
| |
Severance(1)
|
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 220,013 | | | | | $ | 0 | | | | | $ | 586,700 | | | | | $ | 586,700 | | |
|
Additional retirement benefit payment
|
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 230,233 | | | | | $ | 230,233 | | | ||
| Welfare continuation(2) | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 16,997 | | | | | $ | 0 | | | | | $ | 67,883 | | | | | $ | 67,883 | | | ||
|
Potential reduction in payout due to
operation of Code Section 280G |
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | (192,711) | | | | | $ | (192,711) | | | ||
| Total | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 237,010 | | | | | $ | 0 | | | | | $ | 692,105 | | | | | $ | 692,105 | | | ||
Michael D. Lynch ............
|
| |
Severance(1)
|
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 201,750 | | | | | $ | 201,750 | | |
|
Additional retirement benefit payment
|
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 182,669 | | | | | $ | 182,669 | | | ||
| Welfare continuation(2) | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 23,805 | | | | | $ | 23,805 | | | ||
|
Potential reduction in payout due to
operation of Code Section 280G |
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | ||
| Total | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | | | | $ | 408,224 | | | | | $ | 408,224 | | |
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Stock
Awards ($)(1) |
| |
Total
|
| |||||||||
J. Michael Adams, Jr.
|
| | | $ | 36,200 | | | | | $ | 24,998 | | | | | $ | 61,198 | | |
Allan R. Dennison
|
| | | $ | 108,000 | | | | | $ | 24,998 | | | | | $ | 132,998 | | |
Craig G. Ford
|
| | | $ | 72,000 | | | | | $ | 24,998 | | | | | $ | 96,998 | | |
Kim W. Kunkle
|
| | | $ | 37,100 | | | | | $ | 24,998 | | | | | $ | 62,098 | | |
Margaret A. O’Malley
|
| | | $ | 38,000 | | | | | $ | 24,998 | | | | | $ | 62,998 | | |
Daniel A. Onorato(3)
|
| | | $ | 18,600 | | | | | $ | 16,654 | | | | | $ | 35,254 | | |
Mark E. Pasquerilla
|
| | | $ | 41,250 | | | | | $ | 24,998 | | | | | $ | 66,248 | | |
Sara A. Sargent
|
| | | $ | 47,800 | | | | | $ | 24,998 | | | | | $ | 72,798 | | |
Robert L. Wise(2)
|
| | | $ | 10,700 | | | | | $ | 11,133 | | | | | $ | 21,833 | | |
| | |
2020
|
| |
2019
|
| ||||||
Audit Fees
|
| | | | 246,299 | | | | | | 253,317 | | |
Audit-Related Fees
|
| | | | 120,446 | | | | | | 123,862 | | |
Tax Fees
|
| | | | 33,400 | | | | | | 34,860 | | |
All Other Fees
|
| | | | 23,500 | | | | | | 24,263 | | |