Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 82

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 82
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 approve a business combination and certain other extraordinary transactions involving any person who is, or at any time within the preceding 12 months has been, the beneficial owner of 10% or more of the outstanding shares of capital stock entitled 
 to vote in elections of directors, which this information statement/prospectus refers to as an “interested shareholder.” Additionally, if the consideration offered in connection with such an interested person transaction does not satisfy            
 certain “fair price” requirements, the affirmative vote of the holders of 80% of the voting shares not beneficially owned by such interested shareholder will also be required to approve such a transaction, unless (1) the Associated                  
 board of directors approves the transaction and a majority of the directors voting to approve the transaction are “continuing directors” (defined as a director who was either (a) a director at the time the interested shareholder                     
 became “interested” and who is not otherwise affiliated with such shareholder, or (b) a director designated (prior to his or her initial election as a director) as a continuing director by a majority of the then-continuing                           
 directors) or (2) the transaction is between Associated and an Associated subsidiary and no interested shareholder (together with such shareholder’s affiliates and associates) owns any of the outstanding shares of the subsidiary. The                
 foregoing provision may only be amended, modified or repealed by the affirmative vote of not less than 80% of the outstanding shares and the non-interested outstanding shares of Associated.                                                            |

Limitation of Liability and Indemnification of Officers and Directors The directors and officers of Associated are indemnified for certain liabilities pursuant to the Wisconsin Business Corporation Law (“WBCL”) and the Associated articles and Associated bylaws, as well as through 58

directors and officers liability insurance. Specifically, the Associated bylaws provide that Associated will indemnify a director, officer, employee or agent to the extent he or she has been
successful on the merits or otherwise in the defense of any proceeding, for all reasonable expenses. Otherwise, Associated shall indemnify a director, officer, employee, or agency against liability unless a final judicial adjudication determines
that such person breached a duty owed to Associated which constituted a willful failure to deal fairly in a matter with a conflict of interest, violated criminal law, derived improper personal profit from a transaction, or engaged in willful
misconduct. Unless provided otherwise by a written agreement with such director, officer, employee or agent, such person’s right to indemnification is determined in accordance with Section