Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 39

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 39
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 articles of incorporation of Associated until thereafter amended in accordance with applicable law.

Bylaws

At the effective time, the
Associated bylaws, as in effect immediately prior to the effective time of the Merger, will remain the bylaws of Associated until thereafter amended in accordance with applicable law.

Board of Directors and Management of Associated After the Merger

Effective as of the effective time, the Associated board of directors will be increased by one director and Wende Kotouc, Executive Co-Chairman and Chief Executive Officer of American National Bank and Executive Vice President and a member of the American National board of directors, will be appointed to the Associated board of directors and
will serve in accordance with the corporate governance guidelines and standards applicable to all directors of Associated. Under certain circumstances involving the expansion of the Associated board of directors in connection with its 2026 annual
meeting, one additional individual mutually acceptable to both Associated and American National may be appointed to the Associated board of directors; however, no such expansion is presently anticipated. Also at the effective time and until
thereafter changed in accordance with law or the Associated articles or Associated bylaws, the officers of Associated as of immediately prior to the effective time of the Merger will be the officers of the surviving corporation.

Ms. Kotouc, 62, has served as Executive Co-Chairman and Chief Executive Officer of American National Bank and Executive VP of American
National Bank Corporation since July 2019. She became Executive Co-Chairman of the American National Bank Board in May 2017. Ms. Kotouc has been a member of American National’s board of directors
since May 10, 2013, and was originally hired into the bank October of 1999. Ms. Kotouc has a long history of community engagement and leadership, including current service on the Omaha Airport Authority Board of Directors, Creighton
University Board of Trustees, The Salvation Army Omaha Board of Directors, Executive Committee and Christ Community Church Governing Board. Ms. Kotouc’s compensation arrangement with American National Bank includes a base salary of
$400,000 and a target bonus opportunity of $487,500 most recently in 2026. Ms. Kotouc is party to an employment agreement with American National Bank, the terms of which are described below under “Interests of American National’s
Directors and Executive Officers in the Merger — American National Employment Agreements.” There are no family relationships between Ms. Kotouc and any of Associated’s directors or executive officers