Associated Banc-Corp Files Definitive Proxy Statement
Ticker: ASBA · Form: DEF 14A · Filed: Mar 18, 2024 · CIK: 7789
| Field | Detail |
|---|---|
| Company | Associated Banc-Corp (ASBA) |
| Form Type | DEF 14A |
| Filed Date | Mar 18, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $50,000, $0.01, $25 billion, $100 billion, $7 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: DEF 14A, Proxy Statement, Associated Banc-Corp, SEC Filing, Corporate Governance
TL;DR
<b>Associated Banc-Corp has submitted its Definitive Proxy Statement for the period ending April 30, 2024.</b>
AI Summary
ASSOCIATED BANC-CORP (ASBA) filed a Proxy Statement (DEF 14A) with the SEC on March 18, 2024. Associated Banc-Corp filed a Definitive Proxy Statement (DEF 14A) on March 18, 2024. The filing covers the period ending April 30, 2024. The company's principal executive offices are located at 433 Main Street, Green Bay, WI 54301. Associated Banc-Corp's fiscal year ends on December 31. The filing is made under the Securities Exchange Act of 1934.
Why It Matters
For investors and stakeholders tracking ASSOCIATED BANC-CORP, this filing contains several important signals. This filing is a standard regulatory requirement for public companies, providing shareholders with information for upcoming meetings and votes. Shareholders can review executive compensation details, board member nominations, and other corporate governance matters.
Risk Assessment
Risk Level: low — ASSOCIATED BANC-CORP shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant strategic shifts.
Analyst Insight
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to inform voting decisions.
Key Numbers
- 2024-04-30 — Reporting Period End Date (Conformed Period of Report)
- 2024-03-18 — Filing Date (Filed as of Date)
- 2023-12-31 — Fiscal Year End (Fiscal Year End)
Key Players & Entities
- ASSOCIATED BANC-CORP (company) — Registrant
- 433 MAIN STREET (address) — Business Address
- GREEN BAY (location) — Business Address City
- WI (location) — Business Address State
- 54301 (postal_code) — Business Address Zip
- 920-491-7500 (phone_number) — Business Phone
- 1934 Act (regulation) — SEC Act
- 001-31343 (identifier) — SEC File Number
FAQ
When did ASSOCIATED BANC-CORP file this DEF 14A?
ASSOCIATED BANC-CORP filed this Proxy Statement (DEF 14A) with the SEC on March 18, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by ASSOCIATED BANC-CORP (ASBA).
Where can I read the original DEF 14A filing from ASSOCIATED BANC-CORP?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ASSOCIATED BANC-CORP.
What are the key takeaways from ASSOCIATED BANC-CORP's DEF 14A?
ASSOCIATED BANC-CORP filed this DEF 14A on March 18, 2024. Key takeaways: Associated Banc-Corp filed a Definitive Proxy Statement (DEF 14A) on March 18, 2024.. The filing covers the period ending April 30, 2024.. The company's principal executive offices are located at 433 Main Street, Green Bay, WI 54301..
Is ASSOCIATED BANC-CORP a risky investment based on this filing?
Based on this DEF 14A, ASSOCIATED BANC-CORP presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant strategic shifts.
What should investors do after reading ASSOCIATED BANC-CORP's DEF 14A?
Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.
How does ASSOCIATED BANC-CORP compare to its industry peers?
Associated Banc-Corp operates within the commercial banking sector, providing a range of financial services.
Are there regulatory concerns for ASSOCIATED BANC-CORP?
The filing is made in accordance with the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.
Industry Context
Associated Banc-Corp operates within the commercial banking sector, providing a range of financial services.
Regulatory Implications
The filing is made in accordance with the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.
What Investors Should Do
- Review executive compensation details and board member nominations.
- Examine any shareholder proposals and the company's recommendations.
- Note the reporting period and filing date for context.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a standard annual disclosure for proxy solicitation, not a comparison to a prior filing type.
Filing Stats: 4,636 words · 19 min read · ~15 pages · Grade level 11.9 · Accepted 2024-03-18 09:20:27
Key Financial Figures
- $50,000 — greed to pay Innisfree M&A Incorporated $50,000 for Shareholder engagement, consulting,
- $0.01 — of Associated's common stock, par value $0.01 (the "Common Stock"), is entitled to
- $25 billion — r of 17 mutual funds with approximately $25 billion in assets associated with Sanford C. Be
- $100 billion — lexes with combined assets in excess of $100 billion. Previously, Mr. Gerken served in a sim
- $7 b — food company with annual revenues over $7 billion, and his long-standing familiarit
Filing Documents
- asb-20240318.htm (DEF 14A) — 1012KB
- asb-20240318_g1.jpg (GRAPHIC) — 23KB
- asb-20240318_g10.jpg (GRAPHIC) — 29KB
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- asb-20240318_g9.jpg (GRAPHIC) — 18KB
- 0000007789-24-000031.txt ( ) — 6200KB
- asb-20240318.xsd (EX-101.SCH) — 5KB
- asb-20240318_def.xml (EX-101.DEF) — 7KB
- asb-20240318_lab.xml (EX-101.LAB) — 12KB
- asb-20240318_pre.xml (EX-101.PRE) — 6KB
- asb-20240318_htm.xml (XML) — 93KB
SECURITY OWNERSHIP OF BENEFICIAL OWNERS 16
SECURITY OWNERSHIP OF BENEFICIAL OWNERS 16 STOCK OWNERSHIP GUIDELINES FOR EXECUTIVE OFFICERS AND DIRECTORS 17
SECURITY OWNERSHIP OF DIRECTORS AND MANAGEMENT 17
SECURITY OWNERSHIP OF DIRECTORS AND MANAGEMENT 17 COMMON STOCK 18 RESTRICTED STOCK UNITS 19 DEPOSITARY SHARES OF PREFERRED STOCK 20 PROPOSAL 2: ADVISORY APPROVAL OF ASSOCIATED BANC-CORP'S NAMED EXECUTIVE OFFICER COMPENSATION 22 RECOMMENDATION OF THE BOARD OF DIRECTORS 22 2023 SUSTAINABILITY HIGHLIGHTS 23 LETTER TO SHAREHOLDERS 24 COMPENSATION DISCUSSION AND ANALYSIS 26 COMPENSATION AND BENEFITS COMMITTEE REPORT 39
EXECUTIVE COMPENSATION TABLES 40
EXECUTIVE COMPENSATION TABLES 40 DIRECTOR COMPENSATION 51 DIRECTORS' DEFERRED COMPENSATION PLAN 51 DIRECTOR COMPENSATION IN 2023 52 PROPOSAL 3: ADVISORY VOTE ON THE FREQUENCY OF ADVISORY APPROVAL OF ASSOCIATED BANC-CORP'S NAMED EXECUTIVE OFFICER COMPENSATION 53 RECOMMENDATION OF THE BOARD OF DIRECTORS 53 RELATED PARTY TRANSACTIONS 54 RELATED PARTY TRANSACTION POLICIES AND PROCEDURES 55 PROPOSAL 4: RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 56 FEES PAID TO INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 56 RECOMMENDATION OF THE BOARD OF DIRECTORS 56 REPORT OF THE AUDIT COMMITTEE 57 OTHER MATTERS THAT MAY COME BEFORE THE MEETING 58 SHAREHOLDER PROPOSALS 58 APPENDIX A: RECONCILIATION OF NON-GAAP FINANCIAL MEASURES 59 APPENDIX B: PEER COMPANIES 2021-2023 LONG-TERM INCENTIVE PERFORMANCE PLAN 61 PROXY STATEMENT GENERAL INFORMATION PURPOSE This Proxy Statement is furnished in connection with the solicitation of proxies by the Board of Directors (the "Board") of Associated Banc-Corp ("Associated") to be voted at the Annual Meeting of Shareholders at 11:00 a.m. (CDT) on Tuesday, April 30, 2024, (the "Annual Meeting"), which will be held virtually at www.virtualshareholdermeeting.com/ASB2024, and at any and all adjournments of the Annual Meeting. The cost of solicitation of proxies will be borne by Associated. In addition to solicitation by mail, some of Associated's directors, officers, and colleagues may, without extra compensation, solicit proxies by telephone or personal interview. Associated has retained Innisfree M&A Incorporated to solicit proxies for the Annual Meeting from brokers, bank nominees and other institutional holders. Associated has agreed to pay Innisfree M&A Incorporated $50,000 for Shareholder engagement, consulting, analytics and proxy solicitation services. Arrangements will be made with brokerage houses, custodians, nominees, and other fiduciaries to send proxy materials to their princip