Nicolet Bankshares Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Nicolet Bankshares Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 20, 2024.</b>

AI Summary

NICOLET BANKSHARES INC (NIC) filed a Proxy Statement (DEF 14A) with the SEC on March 19, 2024. Nicolet Bankshares Inc. filed a DEF 14A form on March 19, 2024. The filing covers the period ending May 20, 2024. The company's fiscal year ends on December 31. Nicolet Bankshares Inc. is classified under SIC code 6021 (National Commercial Banks). The filing includes details on executive compensation and equity awards for members like DanielsMember and AtwellMember.

Why It Matters

For investors and stakeholders tracking NICOLET BANKSHARES INC, this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it details executive compensation, director nominations, and other important corporate governance matters to be voted on at the upcoming annual meeting. Understanding the details within this proxy statement allows investors to make informed decisions regarding their voting rights and the future direction of Nicolet Bankshares Inc.

Risk Assessment

Risk Level: low — NICOLET BANKSHARES INC 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 new risks.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to understand potential impacts on corporate governance and shareholder value.

Key Numbers

• 2024-03-19 — Filing Date (Date the DEF 14A was filed)
• 2024-05-20 — Period of Report (The period this filing pertains to)
• 2023-12-31 — Fiscal Year End (The end date of the company's fiscal year)
• 6021 — SIC Code (Standard Industrial Classification for National Commercial Banks)

Key Players & Entities

• NICOLET BANKSHARES INC (company) — Filer
• DanielsMember (person) — Executive/Director mentioned in compensation details
• AtwellMember (person) — Executive/Director mentioned in compensation details
• 111 N WASHINGTON ST (address) — Business and Mailing Address
• GREEN BAY (location) — City for Business and Mailing Address
• WI (location) — State for Business and Mailing Address
• 54301 (postal_code) — ZIP code for Business and Mailing Address

FAQ

Industry Context

Nicolet Bankshares Inc. operates within the National Commercial Banks industry (SIC 6021).

Regulatory Implications

The filing is a DEF 14A, which is a standard regulatory filing under the Securities Exchange Act of 1934, requiring public companies to provide shareholders with information before annual meetings.

What Investors Should Do

1. Review the detailed executive compensation packages for key personnel like DanielsMember and AtwellMember.
2. Analyze any proposed amendments to the company's charter or bylaws.
3. Understand the slate of director nominees and their qualifications.

Year-Over-Year Comparison

This is the initial filing of the DEF 14A for the 2024 proxy season, detailing information relevant to the upcoming shareholder meeting.

Key Financial Figures

• $0.25 — he Company in its history, announcing a $0.25 per share cash dividend beginning in th
• $62 million — Performance Highlights: Net income of $62 million or adjusted net income (non-GAAP) of $1
• $101 million — on or adjusted net income (non-GAAP) of $101 million for 2023, compared to net income of $94
• $94 million — ion for 2023, compared to net income of $94 million or adjusted net income (non-GAAP) of $9
• $99 million — on or adjusted net income (non-GAAP) of $99 million for 2022. &#x5E; Earnings per diluted
• $4.08 — ; Earnings per diluted common share of $4.08 or adjusted earnings per diluted common
• $6.72 — per diluted common share (non-GAAP) of $6.72 for 2023, compared to earnings per dilu
• $6.56 — to earnings per diluted common share of $6.56 or adjusted earnings per diluted common
• $6.90 — per diluted common share (non-GAAP) of $6.90 for 2022. &#x5E; Tangible common equit
• $28 million — ns strong, with nonperforming assets of $28 million (representing 0.33% of total assets) at
• $40 million — sets) at December 31, 2023, compared to $40 million (representing 0.46% of total assets) at
• $0.01 — had 30,000,000 shares of common stock, $0.01 par value, authorized, of which 14,910,
• $180,000 — ddition, Nicolet employees donated over $180,000 to the Nicolet Foundation (which was ma

Filing Documents

• nic-20240319.htm (DEF 14A) — 931KB
• nic-20240319_g1.jpg (GRAPHIC) — 584KB
• nic-20240319_g2.jpg (GRAPHIC) — 4KB
• nic-20240319_g3.jpg (GRAPHIC) — 172KB
• nic-20240319_g4.jpg (GRAPHIC) — 79KB
• nic-20240319_g5.jpg (GRAPHIC) — 72KB
• nic-20240319_g6.jpg (GRAPHIC) — 70KB
• nic-20240319_g7.jpg (GRAPHIC) — 1046KB
• nic-20240319_g8.jpg (GRAPHIC) — 269KB
• 0001174850-24-000016.txt (&nbsp;) — 6848KB
• nic-20240319.xsd (EX-101.SCH) — 4KB
• nic-20240319_def.xml (EX-101.DEF) — 6KB
• nic-20240319_lab.xml (EX-101.LAB) — 8KB
• nic-20240319_pre.xml (EX-101.PRE) — 5KB
• nic-20240319_htm.xml (XML) — 138KB

EXECUTIVE COMPENSATION - COMPENSATION DISCUSSION and ANALYSIS 15

EXECUTIVE COMPENSATION - COMPENSATION DISCUSSION and ANALYSIS 15 DELINQUENT SECTION 16(a) REPORTS 36 RELATED PARTY TRANSACTIONS 36 AUDIT & COMPLIANCE COMMITTEE REPORT 37 PROPOSAL 1: ELECTION OF DIRECTORS 38 PROPOSAL 2: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT AUDITOR 42 PROPOSAL 3: ADVISORY VOTE TO APPROVE OUR NAMED EXECUTIVE OFFICER COMPENSATION 43 OTHER MATTERS THAT MAY COME BEFORE THE ANNUAL MEETING 44 DIRECTOR NOMINATIONS AND SHAREHOLDER COMMUNICATIONS 44 OTHER MATTERS 45 iv NICOLET BANKSHARES, INC. PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS TO BE HELD MAY 20, 2024 GENERAL INFORMATION Time and Place of the Meeting The Board of Directors (the "Board") of Nicolet Bankshares, Inc. ("we", "our", "Nicolet" or the "Company") is furnishing this Proxy Statement (the "Proxy Statement") to solicit proxies for use at the 2024 Annual Meeting of Shareholders of Nicolet to be held on Monday, May 20, 2024 at 5:00 p.m. local time (the "Annual Meeting") at the Meyer Theatre, 117 South Washington Street, Green Bay, Wisconsin and at any adjournment or postponement of the Annual Meeting. Record Date and Mailing Date of Materials The close of business on March 18, 2024, is the record date for the determination of shareholders entitled to notice of and to vote at the Annual Meeting. This Proxy Statement and accompanying proxy card will first be made available to shareholders on or about March 28, 2024. Nicolet's 2023 Annual Report to Shareholders (which includes our Annual Report on Form 10-K), includes audited consolidated financial statements for the fiscal years ended December 31, 2023 and 2022, as furnished to the SEC, will be mailed to shareholders of Nicolet with these proxy materials. This Proxy Statement and the 2023 Annual Report to Shareholders are also available to the public on the Internet at the SEC's website at www.sec.gov. This Proxy Statement and the 2023 Annual Report to Shareholders are also available for viewing,

View Full Filing

View this DEF 14A filing on SEC EDGAR