Corporate ActionApr 28, 2026, 05:02 PM
ASB Board Authorizes $214M Buyback, Declares Dividends, Forms Tech Committee
AI Summary
Associated Banc-Corp held its 2026 Annual Meeting, where shareholders elected all director nominees, approved executive compensation, and ratified KPMG as auditor. The Board declared regular quarterly cash dividends for common and preferred shares. Additionally, the Board authorized a new $100 million common stock repurchase program, bringing the total authorization to $214 million, and established a new Technology Committee to oversee data management and IT risks.
Key Highlights
- Board authorized a new $100 million common stock repurchase program.
- Total common stock repurchase authorization increased to $214 million.
- Declared a regular quarterly cash dividend of $0.24 per common share.
- Declared quarterly cash dividends of $0.3671875 per Series E and $0.3515625 per Series F preferred share.
- Established a new Technology Committee to oversee data management, IT, and information security.
- Shareholders elected all 10 director nominees to the Board.
- Shareholders approved named executive officer compensation and ratified KPMG LLP as auditor.