Associated Banc-Corp Announces Annual Meeting Results and Dividend Payments
Associated Banc-Corp (NYSE:ASB) held its 2022 annual shareholders' meeting, where several key actions were taken. The meeting's re-elected directors included John (Jay) B. Williams, Andrew J. Harmening, and nine other esteemed individuals. Shareholders also approved executive compensation and ratified KPMG LLP as the company's independent accounting firm for 2022. The meeting resulted in the authorization of quarterly cash dividends for common and preferred stock holders.
Key Takeaways:
- Associated Banc-Corp's 2022 annual shareholders' meeting saw the re-election of 11 directors, including John (Jay) B. Williams and Andrew J. Harmening, the company's president and CEO.
- Shareholders approved the named executive officer compensation and ratified KPMG LLP as the company's independent accounting firm for 2022.
- The meeting authorized quarterly cash dividends for:
+ Common stock: USD0.20 per share
+ 5.875% series E perpetual preferred stock: USD0.3671875 per depositary share
+ 5.625% series F perpetual preferred stock: USD0.3515625 per depositary share
- The respective dividends will be paid on June 15, 2022, to shareholders of record as of June 1, 2022.
- Associated Banc-Corp is a bank holding company with USD35bn in total assets and a presence in Wisconsin, Illinois, and Minnesota.
Statistics:
- 11 directors were re-elected at the 2022 annual shareholders' meeting.
- Quarterly cash dividends for common stock are USD0.20 per share.
- Quarterly cash dividends for 5.875% series E perpetual preferred stock are USD0.3671875 per depositary share.
- Quarterly cash dividends for 5.625% series F perpetual preferred stock are USD0.3515625 per depositary share.
- Total assets: USD35bn.
- Number of banking locations: over 200.
- Communities served: more than 100 in Wisconsin, Illinois, and Minnesota.
Sources:
- Associated declares annual meeting results and common and preferred stock dividends for quarter (C)2022 M2 COMMUNICATIONS
- http://www.m2.com