# EDGAR Filing Document

**Accession Number:** 0001174850
**File Stem:** 0001174850-25-000047
**Filing Date:** 2025-9
**Character Count:** 9361
**Document Hash:** b3d957edaf80964562b386f2e40d68d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001174850-25-000047.hdr.sgml**: 20250909

**ACCESSION NUMBER**: 0001174850-25-000047

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250908

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250909

**DATE AS OF CHANGE**: 20250909

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NICOLET BANKSHARES INC
- **CENTRAL INDEX KEY:** 0001174850
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37700
- **FILM NUMBER:** 251303382

**BUSINESS ADDRESS:**
- **STREET 1:** 111 N WASHINGTON ST
- **CITY:** GREEN BAY
- **STATE:** WI
- **ZIP:** 54301
- **BUSINESS PHONE:** 920 430 1400

**MAIL ADDRESS:**
- **STREET 1:** 111 N WASHINGTON ST
- **CITY:** GREEN BAY
- **STATE:** WI
- **ZIP:** 54301

?xml version='1.0' encoding='ASCII'? nic-20250908

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported): September 8, 2025** 

**NICOLET BANKSHARES, INC.**

*(Exact name of registrant as specified in its charter)*

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| | | |
|:---|:---|:---|
| **Wisconsin** | **001-37700** | **47-0871001** |
| *(State or other jurisdiction<br>of incorporation)* | *(Commission<br>File Number)* | *(IRS Employer<br>Identification No.)* |

---

**111 North Washington Street**

**Green Bay, Wisconsin 54301**

*(Address of principal executive offices)*

**(920) 430-1400**

*(Registrant's telephone number, including area code)*

**Not Applicable**

*(Former name or former address, if changed since last report)*

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol(s)</u> | <u>Name of each exchange on which registered</u> |
| **Common stock, par value $0.01 per share** | **NIC** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter.)

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

---

On September 8, 2025, the Compensation Committee of Nicolet Bankshares, Inc. ("Nicolet") recommended, and the Board approved, an equity award to Mike Daniels, Chairman, President and Chief Executive Officer of Nicolet. The equity award consists of 30,000 restricted shares that cliff vest upon 5 years of continued service through December 31, 2030, and up to 60,000 restricted stock units that will vest upon the satisfaction of certain performance-based metrics over a 5-year performance period commencing January 1, 2026, as described in the award. Up to 30,000 restricted stock units will vest based on achievement of above average peer bank Return on Average Assets percentiles over the performance period, and up to 30,000 restricted stock units will vest based on achievement of cumulative earnings per share ("EPS") targets over the performance period. The grant date value of the equity award is $12 million, which will be recognized over the five-year vesting period for years 2026 to 2030.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD.** |

---

On September 8, 2025, Nicolet issued a press release announcing the mutual commitment of Mr. Daniels and Nicolet, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of such section. The information in this report on Form 8-K shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Act, or under the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

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| | |
|:---|:---|
| Exhibit No. | Description of Exhibit |
| 99.1 | Press Release, dated <u>[September 8, 2025](exhibit99_13q2025danielspr.htm)</u> |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |

---

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**Signatures**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Date: | September 9, 2025 | NICOLET BANKSHARES, INC. | NICOLET BANKSHARES, INC. |
|  |  | By: | /s/ H. Phillip Moore, Jr. |
|  |  |  | H. Phillip Moore, Jr. |
|  |  |  | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![nicoletbanksharesa08.jpg](nicoletbanksharesa08.jpg)

**FOR IMMEDIATE RELEASE**

**NICOLET BANKSHARES, INC. ANNOUNCES EXTENSION OF MIKE DANIELS' LEADERSHIP THROUGH 2030**

**Green Bay, Wisconsin, September 8, 2025 -** The Nicolet Bankshares, Inc. (NYSE: NIC) ("Nicolet") Board is excited to announce that Chairman, President and Chief Executive Officer ("CEO") Mike Daniels has agreed to extend his planned leadership through the end of 2030.

In 2000, Mr. Daniels and business partner Bob Atwell founded Nicolet with one of the largest capital raises of a de novo bank in Wisconsin history. Nicolet has since grown to approximately $9 billion in assets and is near the top of its peers in financial performance. Daniels has led every functional area of Nicolet during his career. He became President and CEO of Nicolet Bank in 2016 and President and CEO of Nicolet Bankshares in 2021. He added the responsibilities of Chairman in 2024.

While Nicolet has an outstanding leadership team with internal succession capability, the Board recognizes that Mr. Daniels is a unique talent with earned and developed internal and external credibility. Combining this talent with the value of having an entrepreneurial co-founder leading the organization will allow Nicolet to best capitalize on near-term opportunities, while continuing to grow and create shared success for its customers, employees, and shareholders, positioning Nicolet for the next 30 years of its future.

In connection with the extension of Mr. Daniels' employment, on September 8, 2025, the Compensation Committee recommended, and the Board approved, an equity award to Mr. Daniels of up to 90,000 shares of Nicolet common stock (grant date value of $12 million with a five year vesting period). The equity award consists of 30,000 restricted shares that cliff vest upon 5 years of continued service through December 31, 2030, and up to 60,000 restricted stock units that will vest upon the satisfaction of certain performance-based metrics over a 5-year performance period commencing January 1, 2026, as described in the award. Up to 30,000 restricted stock units will vest based on achievement of above average peer bank Return on Average Assets percentiles over the performance period, and up to 30,000 restricted stock units will vest based on achievement of cumulative earnings per share ("EPS") targets over the performance period.

**About Nicolet Bankshares, Inc.**

Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank, a growing, full-service, community bank providing services ranging from commercial, agricultural and consumer banking to wealth management and retirement plan services. Founded in Green Bay in 2000, Nicolet National Bank operates branches primarily in Wisconsin, Michigan, and Minnesota. More information can be found at <u>www.nicoletbank.com.</u>

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