Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 54

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 54
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 capital stock or any options, warrants, or other rights of any kind to acquire any shares of capital stock or other 
 equity or voting securities, except for the vesting or settlement of American National stock bonus awards outstanding as of the date of the Merger Agreement and set forth in the American National Disclosure Schedule;                              |

| • |     | sell, transfer, mortgage, encumber or otherwise dispose of any of its material properties or assets to any                                                                                                                                            
 individual, corporation or other entity other than a wholly owned subsidiary, or cancel, release or assign any material indebtedness to any such person or any claims held by any person, in each case other than in the ordinary course of business; |

| • |     | except for foreclosure or acquisitions of control in a fiduciary or similar capacity or in satisfaction of debts                                                                                                                                      
 previously contracted in good faith in the ordinary course of business, make any investment or acquisition, whether by purchase of stock or securities, contributions to capital, property transfers, merger or consolidation or formation of a joint 
 venture or otherwise, in or of any property or assets of any other individual, corporation or other entity other than a wholly owned subsidiary of American National;                                                                                 |

| • |     | (i) terminate, materially amend, or waive any material provision of, certain material contracts, or make any                                                                                             
 material change in any instrument or agreement governing the terms of any of its securities, other than normal renewals of contracts in the ordinary course of business without material adverse changes |

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| to terms with respect to American National or its subsidiaries or (ii) enter into certain material contracts, in each case except in the ordinary course of business (provided that, for the                                                         
 avoidance of doubt, any of the foregoing actions with respect to any American National contract containing noncompetition or nonsolicitation obligations binding American National, containing any exclusive dealing, clawback, most favored nation, 
 right of first refusal, right of first offer or other restrictive covenants, or that creates future payment obligations in excess of $250,000 per year shall be deemed not in the ordinary course of business);                                      |

| • |     | except as set forth in the American National Disclosure Schedule, as required under applicable law or by the                                                                                                                                          
 terms of any American National benefit plan in effect as of the date of the Merger Agreement, (i) enter into, adopt or terminate any American National benefit plan (including any plans, programs, policies, agreements or arrangements that would   
 be considered an American National benefit plan if