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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported) | April 25, 2023 |
| Associated Banc-Corp |
| (Exact name of registrant as specified in its charter) |
| Wisconsin | 001-31343 | 39-1098068 |
| (State or other jurisdiction of incorporation) | (Commission File Number) |
(IRS Employer Identification No.) |
| 433 Main Street, Green Bay, Wisconsin | 54301 |
| (Address of principal executive offices) | (Zip code) |
| Registrant’s telephone number, including area code | (920)-491-7500 |
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) |
Name of each exchange on which registered |
| Common Stock, par value $0.01 per share | ASB | The New York Stock Exchange |
| Depositary Shrs, each representing 1/40th intrst in a shr of 5.875% Non-Cum. Perp Pref Stock, Srs E | ASB PrE | The New York Stock Exchange |
| Depositary Shrs, each representing 1/40th intrst in a shr of 5.625% Non-Cum. Perp Pref Stock, Srs F | ASB PrF | The New York Stock Exchange |
| 6.625% Fixed-Rate Reset Subordinated Notes due 2033 | ASBA | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.07. Submission of Matters to a Vote of Security Holders.
On April 25, 2023, Associated Banc-Corp (the “Company”) conducted its 2023 Annual Meeting of Shareholders. The results of the matters submitted to a shareholder vote at the Annual Meeting were as follows:
(1) Election of the below-named nominees to the Board of Directors of the Company:
| Nominee |
Number of Votes FOR |
Number of Votes Withheld |
Broker Non- Votes |
||||||
| R. Jay Gerken | 116,872,814 | 888,087 | 13,500,693 | ||||||
| Judith P. Greffin | 117,045,989 | 714,912 | 13,500,693 | ||||||
| Michael J. Haddad | 116,840,247 | 920,654 | 13,500,693 | ||||||
| Andrew J. Harmening | 115,950,430 | 1,810,471 | 13,500,693 | ||||||
| Robert A. Jeffe | 115,139,866 | 2,621,035 | 13,500,693 | ||||||
| Eileen A. Kamerick | 110,677,341 | 7,083,560 | 13,500,693 | ||||||
| Gale E. Klappa | 107,367,999 | 10,392,902 | 13,500,693 | ||||||
| Cory L. Nettles | 116,600,493 | 1,160,408 | 13,500,693 | ||||||
| Karen T. van Lith | 114,951,888 | 2,809,013 | 13,500,693 | ||||||
| John (Jay) B. Williams | 115,160,462 | 2,600,439 | 13,500,693 |
Each of the nominees was elected by the Company’s shareholders.
(2) Advisory approval of Associated Banc-Corp’s named executive officer compensation:
|
Number of Votes FOR |
Number of Votes Against |
Withheld/Abstentions |
Broker Non-Votes |
|||
| 113,795,098 | 3,258,700 | 707,103 | 13,500,693 |
The matter was approved by the Company’s shareholders.
(3) Ratification of KPMG LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2023:
|
Number of Votes FOR |
Number of Votes Against |
Withheld/Abstentions |
Broker Non-Votes |
|||
| 128,485,351 | 2,300,872 | 475,371 | 13,500,693 |
This matter was approved by the Company’s shareholders.
Item 8.01. Other Events.
On April 25, 2023, the Board declared a dividend on the Company’s outstanding common stock; outstanding 5.875% Preferred Stock, Series E Depositary Shares; and outstanding 6.125% Series F Depositary Shares. The press release issued by the Company on April 25, 2023 relating to the foregoing information is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Press Release dated April 25, 2023 |
| 104 | Cover Page Interactive Data File the cover page XBRL tags are embedded within the Inline XBRL document |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Associated Banc-Corp | |
| (Registrant) | |
| Date: April 27, 2023 | By: /s/ Randall J. Erickson |
| Randall J. Erickson | |
| Executive Vice President, General Counsel and Corporate Secretary |
Exhibit 99.1
|
|
NEWS RELEASE |
| Investor Contact: | |
| Ben McCarville, Vice President, Director of Investor Relations | |
| 920-491-7059 | |
| Media Contact: | |
| Jennifer Kaminski, Vice President, Public Relations Senior Manager | |
| 920-491-7576 |
Associated Announces Annual Meeting Results and Dividends
GREEN BAY, Wis. –– April 25, 2023 –– Associated Banc-Corp (NYSE:ASB) (“Associated”) today announced the results of the actions taken at its 2023 Annual Meeting of Shareholders.
The following directors were re-elected:
| - | John (Jay) B. Williams, chairman, Associated Banc-Corp, and chairman, Church Mutual Insurance Company |
| - | Andrew J. Harmening, president and chief executive officer, Associated Banc-Corp |
| - | R. Jay Gerken, director of 17 mutual funds associated with Sanford C. Bernstein Fund, Inc. |
| - | Judith P. Greffin, former chief investment officer, Allstate Corporation |
| - | Michael J. Haddad, chair of the board of directors, Schreiber Foods, Inc. |
| - | Robert A. Jeffe, senior operating partner, BlackWatch |
| - | Eileen A. Kamerick, adjunct professor of law and consultant |
| - | Gale E. Klappa, executive chairman, WEC Energy Group |
| - | Cory L. Nettles, founder and managing director, Generation Growth Capital, Inc. |
| - | Karen T. van Lith, founder and CEO of APEL Worldwide, LLC |
Shareholders also (1) gave advisory approval to named executive officer compensation, and (2) ratified the selection of KPMG LLP as Associated’s independent accounting firm for 2023.
The Associated Board of Directors declared a regular quarterly cash dividend of $0.21 per common share, payable on June 15, 2023, to shareholders of record at the close of business on June 1, 2023.
The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated’s 5.875% Series E Perpetual Preferred Stock, payable on June 15, 2023, to shareholders of record at the close of business on June 1, 2023.
The Board of Directors also declared a regular quarterly cash dividend of $0.3515625 per depositary share on Associated’s 5.625% Series F Perpetual Preferred Stock, payable on June 15, 2023, to shareholders of record at the close of business on June 1, 2023.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $41 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The Company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.
FORWARD-LOOKING STATEMENTS
Statements made in this document which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management’s plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “should,” “will,” “intend,” "target," “outlook,” “project,” "guidance," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company’s most recent Form 10-K and subsequent SEC filings. Such factors are incorporated herein by reference.
