Associated Announces Annual Meeting Results and Dividends

Rhea-AI Summary

Associated Banc-Corp (ASB) announced the election of directors, approval of executive compensation, and selection of an accounting firm at its 2024 Annual Meeting of Shareholders. The company also declared regular quarterly cash dividends for common shares and preferred stocks.

GREEN BAY, Wis., April 30, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the results of the actions taken at its 2024 Annual Meeting of Shareholders.

Annual Meeting Results

The following directors were 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
• Rodney Jones-Tyson, global chief human resources officer, Robert W. Baird & Co. Incorporated
• 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) approved named executive officer compensation, (2) approved an annual vote on Associated Banc-Corp's named executive officer compensation, and (3) ratified the selection of KPMG LLP as Associated's independent accounting firm for 2024.

Dividends Declared

The Associated Board of Directors declared a regular quarterly cash dividend of $0.22 per common share, payable on June 17, 2024, to shareholders of record at the close of business on June 3, 2024.

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 17, 2024, to shareholders of record at the close of business on June 3, 2024.

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 17, 2024, to shareholders of record at the close of business on June 3, 2024.

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 nearly 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. 

Investor Contact:
Ben McCarville, Vice President, Director of Investor Relations      
920-491-7059

Media Contact:
Marilka Vélez, Senior Vice President, Senior Director of Marketing
920-491-7518

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SOURCE Associated Banc-Corp

FAQ

Who were the directors elected at Associated Banc-Corp's 2024 Annual Meeting of Shareholders?

Directors elected include John (Jay) B. Williams, Andrew J. Harmening, R. Jay Gerken, Judith P. Greffin, Michael J. Haddad, Robert A. Jeffe, Rodney Jones-Tyson, Eileen A. Kamerick, Gale E. Klappa, Cory L. Nettles, Karen T. van Lith.

What dividends were declared by Associated Banc-Corp's Board of Directors?

The Board declared regular quarterly cash dividends of $0.22 per common share, $0.3671875 per depositary share on 5.875% Series E Perpetual Preferred Stock, and $0.3515625 per depositary share on 5.625% Series F Perpetual Preferred Stock.

When are the dividends payable?

The dividends are payable on June 17, 2024, to shareholders of record at the close of business on June 3, 2024.