Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 81

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 81
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 in addition to considering the effects of any action on shareholders, consider the effects of any action on employees, suppliers, customers, the communities in which we operate and any other factors that the director or officer considers
pertinent.

57

Certain Charter and Bylaw Provisions Potentially Having an Anti-Takeover Effect Associated’s charter and bylaws contain certain provisions that could have an anti-takeover effect and thus discourage potential takeover attempts and make it more difficult for Associated’s shareholders to change management or receive a premium for their shares. These provisions include:

| • |     | authorization for Associated’s board of directors to issue shares of one or more series of preferred stock 
 without shareholder approval;                                                                              |

| • |     | a requirement that directors be removed from office only for cause by the majority of votes cast at a special 
 meeting of shareholders called for the purpose of removing such director;                                     |

| • |     | that any vacancies in the Associated board of directors may be filled only by a majority of remaining directors; |

| • |     | a requirement under Wisconsin law that shareholder action without a meeting requires unanimous written consent; |

| • |     | the limitations under the Associated bylaws on Associated shareholders’ ability to call special meetings,                                                                                                                                         
 including that such a request must be submitted by the holders of no less than ten percent (10%) of all the outstanding shares of Associated entitled to vote on any issue proposed to be considered at the special meeting and comply with other 
 specified requirements;                                                                                                                                                                                                                           |

| • |     | the requirement under Wisconsin law that, except in limited circumstances, a majority of votes cast by each               
 voting shareholder group entitled to vote on the amendment is required to approve all amendments to Associated’s charter; |

| • |     | the requirement that any shareholders that wish to bring business before Associated’s annual meeting of                                                                                                                                          
 shareholders or nominate candidates for election as directors at Associated’s annual meeting of shareholders must provide timely notice of their intent in writing, at least 75 but no more than 90 days prior to the anniversary of the date of 
 the prior year’s annual meeting, and comply with the other requirements set forth in Associated’s bylaws;                                                                                                                                        |

| • |     | the ability to elect directors by a plurality of votes cast in accordance with the Associated bylaws; |

| • |     | a prohibition on cumulative voting in the election of directors; and |

| • |     | a requirement under the Associated articles that an affirmative vote of 80% of outstanding shares is required to