On April 23, 2019, Driver Management Company LLC announced that it has repeatedly called on the DNB Financial Corporation board of directors to stop putting the interests of the Company’s management and their fellow directors ahead of shareholders and to take immediate steps to maximize shareholder value. Driver Management stated that the Company has refused to engage with the Driver Management in a productive manner, creating significant uncertainty regarding its intents and plans. In addition, Driver Management stated that it intends to vote ‘withhold’ in order to send a message to the Company board that it is time to start putting shareholders—not management and fellow directors—first. Driver Management stated that it intend to continue to hold the the company board accountable for a culture of disdain for shareholders.