GREEN BAY, Wis., April 26, 2016 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the results of the actions taken at its 2016 Annual Meeting of Shareholders.
The following directors were re-elected:
- William R. Hutchinson, chairman, Associated Banc-Corp, and president, W.R. Hutchinson & Associates, Inc.
- Philip B. Flynn, president and chief executive officer, Associated Banc-Corp
- John F. Bergstrom, chairman and chief executive officer, Bergstrom Corp.
- Ruth M. Crowley, executive vice president, Summit Resources International
- R. Jay Gerken, director of 21 mutual funds associated with Sanford C. Bernstein Fund, Inc.
- Robert A. Jeffe, co-chairman and co-founder, Hawkwood Energy
- Eileen A. Kamerick, chief financial officer, ConnectWise.com, Inc.
- Richard T. Lommen, chairman, Courtesy Corp.
- Cory L. Nettles, founder and managing director, Generation Growth Capital, Inc.
- Karen T. van Lith, business consultant
- John (Jay) B. Williams, chairman, Milwaukee Public Museum
Shareholders also (1) approved named executive officer compensation, and (2) ratified the selection of KPMG LLP as Associated's independent accounting firm for 2016.
The Associated Board of Directors declared a regular quarterly cash dividend of $0.11 per common share, payable on June 15, 2016, to shareholders of record at the close of business on June 1, 2016.
The Board of Directors also declared a regular quarterly cash dividend of $0.50 per depositary share on Associated's 8.00% Series B Perpetual Preferred Stock payable on June 15, 2016, to shareholders of record at the close of business on June 1, 2016.
The Board of Directors also declared a regular quarterly cash dividend of $0.3828125 per depositary share on Associated's 6.125% Series C Preferred Stock payable on June 15, 2016, to shareholders of record at the close of business on June 1, 2016.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $28 billion and is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, 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.
FORWARD LOOKING STATEMENTS
Statements made in this document which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe", "expect", "anticipate", "plan", "estimate", "should", "will", "intend", "outlook", or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most recent Form 10-K and subsequent SEC filings. Such factors are incorporated herein by reference.
Teresa Gutierrez, Senior Vice President, Director of Investor Relations
Cliff Bowers, Senior Vice President, Director of Public Relations
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SOURCE Associated Banc-Corp