Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 64

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 64
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 the Associated board of directors and
will serve in accordance with the corporate governance guidelines and standards applicable to all directors of Associated. If the Associated board of directors will consist of greater than eleven (11) members following its 2026 annual meeting
of shareholders, Associated shall take all appropriate action to cause to be appointed effective immediately following such meeting a second American National representative as a director of Associated.

Certain Additional Covenants

The
Merger Agreement also contains additional covenants, including, among others, covenants relating to the filing of the Form S-4 of which this information statement/prospectus forms a part, obtaining required
consents, the listing of the shares of Associated common stock to be issued in the Merger, access to information of the other party, advice of changes, takeover restrictions, shareholder litigation relating to the transactions contemplated by the
Merger Agreement, and public announcements with respect to the transactions contemplated by the Merger Agreement.

45

Agreement Not to Solicit Other Offers

American National has agreed that it will not, and will cause its subsidiaries, officers and directors, and use its reasonable best efforts to
cause its and their respective directors, employees, agents, accountants, counsel, advisors and other representatives (collectively, “representatives”) not to, directly or indirectly, (i) initiate, solicit, knowingly encourage or
knowingly facilitate any inquiries or proposals with respect to, (ii) engage or participate in any negotiations with any person concerning, or (iii) provide any confidential or nonpublic information or data to, or have or participate in
any discussions with, any person relating to, any American National acquisition proposal (as defined below), except to notify a person that has made or, to the knowledge of American National, is making any inquiries with respect to, or is
considering making an American National acquisition proposal of the existence of the foregoing restrictions. Unless the merger agreement is terminated in accordance with its terms, American National has also agreed that it will not, and will cause
its subsidiaries and its and their representatives not to on its behalf, approve or enter into any term sheet, letter of intent, commitment, memorandum of understanding, agreement in principle, acquisition agreement, merger agreement or other
agreement (whether written or oral, binding or nonbinding) (other than a confidentiality agreement referred to below and entered into in accordance with the merger agreement relating to any American National acquisition proposal). For purposes of
the merger agreement, an “American National acquisition proposal” means,