Company: ASB
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000007789-25-000025
Chunk: 118

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 118
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 of the Incumbent Board; provided, further, that any such

individual whose initial assumption of office occurs as a result of either an actual or threatened election contest with

respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on

behalf of a Person other than the Board shall not be considered as a member of the Incumbent Board; or

(iii) The consummation of a reorganization, merger, statutory share exchange or consolidation or similar

transaction involving the Company or any of its Subsidiaries, a sale or other disposition of all or substantially all of the

assets of the Company, or the acquisition of assets or securities of another entity by the Company or any of its

Subsidiaries (a “ Business Combination ”), in each case, unless, following such Business Combination, (A) all or

substantially all of the individuals and entities that were the beneficial owners, respectively, of the Outstanding

Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business

Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of

common stock (or, for a noncorporate entity, equivalent securities) and the combined voting power of the then-

outstanding voting securities entitled to vote generally in the election of directors (or, for a noncorporate entity,

equivalent body or committee), as the case may be, of the entity resulting from such Business Combination (including

an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets

either directly or through one or more subsidiaries) in substantially the same proportions as their ownership,

immediately prior to such Business Combination, of the Outstanding Company Common Stock and Outstanding

Company Voting Securities, as the case may be, (B) no Person (excluding any entity resulting from such Business

Combination or any employee benefit plan (or related trust) of the Company or such entity resulting from such

Business Combination) beneficially owns, directly or indirectly, 35% or more of, respectively, the then-outstanding

shares of common stock (or, for a noncorporate entity, equivalent securities) of the entity resulting from such Business

Combination or the combined voting power of the then-outstanding voting securities of such entity, except to the

extent that such ownership existed prior to the Business Combination, and (C) at least a majority of