Business Context and Reporting Period
This Form 8-K Current Report was filed by Associated Banc-Corp on July 8, 2021. The filing addresses corporate governance changes related to the company's capital structure, specifically the elimination of a specific class of preferred stock following its redemption.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on the administrative removal of the Series C Preferred Stock from the company's Articles of Incorporation.
Material Changes
- Redemption of Preferred Stock: All outstanding shares of the 6.125% Perpetual Preferred Stock, Series C were redeemed by the Company on June 15, 2021.
- Delisting: The Series C Preferred Stock was delisted from the New York Stock Exchange as of June 15, 2021.
- Articles of Incorporation Amendment: On July 8, 2021, the Company filed a Certificate with the Wisconsin Department of Financial Institutions to eliminate all matters regarding the Series C Preferred Stock from its Amended and Restated Articles of Incorporation.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is a procedural notification regarding the completion of the Series C Preferred Stock redemption and the subsequent amendment to the Articles of Incorporation.
Investor Verification Checklist
- Confirm the effective date of the Series C Preferred Stock redemption (June 15, 2021).
- Verify the delisting of Series C Preferred Stock from the New York Stock Exchange.
- Review the attached Certificate (Exhibit 3.1) for the formal amendment to the Articles of Incorporation.
- Note that the filing does not contain updated financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.