Associated Banc-Corp 8-K, filed Dec 11, 2024
Associated Banc-Corp (ASB)
About this 8-K
Associated Banc-Corp filed this 8-K on December 11, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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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 December 11, 2024, the Board of Directors (the “Board”) of Associated Banc-Corp (the “Company”) increased the size of the Board from 11 to 13 directors and appointed Kristen Ludgate and Owen J. Sullivan to fill the resulting vacancies. Ms. Ludgate was also appointed to the Compensation and Benefits Committee of the Board, and Mr. Sullivan was appointed to the Enterprise Risk Committee of the Board. There were no arrangements or understandings between the Company and the appointees pursuant to which they were selected as directors, and they do not have any relationship or transactions with the Company required to be disclosed under Item 404(a) of Regulation S-K. Other than the compensation payable to non-employee directors of the Company as described in the Company’s proxy statement for the 2024 Annual Meeting of Shareholders, Ms. Ludgate and Mr. Sullivan are not party to any plans, contracts or arrangements involving grants or awards by the Company.
On December 11, 2024, the Company issued a press release announcing the appointment of Ms. Ludgate and Mr. Sullivan to the Board. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Press release, dated December 11, 2024. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 2 |
| 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. | |
| Associated Banc-Corp | |
| (Registrant) | |
| Date: December 11, 2024 | By: /s/ Randall J. Erickson |
| Randall J. Erickson | |
| Executive Vice President, General Counsel and Corporate Secretary | |
| 3 |
Exhibit 99.1
News Release
Media Contact: Andrea Kozek
Senior Manager, Public Relations
920-491-7518
Investor Contact: Ben McCarville
Vice President | Director of Investor Relations
920-491-7059
Associated Banc-Corp Announces Kristen Ludgate and Owen Sullivan Join Board of Directors
GREEN BAY, Wis., December 11, 2024 -- Associated Banc-Corp (NYSE: ASB) ("Associated") announced the appointment of Kristen M. Ludgate and Owen J. Sullivan to its Board of Directors effective today.
Ludgate, 62, is the Chief People Officer at HP Inc., a global provider of personal computing and other digital devices, imaging and printing products, and related technologies, solutions and services. Ms. Ludgate previously served as Chief Human Resources Officer for 3M Company (NYSE: MMM) from 2018 to 2021 and held multiple 3M legal and executive roles over more than 15 years with the company. She is a member of the HP Foundation Board and previously chaired the 3M Foundation Board. Ludgate earned her bachelor’s degree from Bowdoin College and her J.D. from University of Minnesota Law School. She will also serve as a member of Associated’s Compensation and Benefits Committee.
Sullivan, 67, served as President and Chief Operating Officer of NCR, a global leader in ATM, point-of-sale and digital banking from 2018 until his retirement in 2023. Prior to 2018, Mr. Sullivan was an independent consultant, providing strategic planning, consulting and executive mentoring for private equity firms and other investor groups. He received a bachelor’s degree from Marquette University and completed executive education at the Kellogg School of Business at Northwestern University and Harvard Business School. Sullivan will also serve as a member of Associated’s Enterprise Risk Committee.
“We are extremely pleased to have Kristen and Owen join our board,” said Associated Chairman Jay Williams. |
 Kristen M. Ludgate
Owen J. Sullivan |
Associated President and CEO Andy Harmening added: “Kristen and Owen bring extraordinary talent and experience to our board. The breadth and depth of their knowledge will benefit Associated as we continue to execute our strategic growth plans.”
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ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $42 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.