Business Context and Reporting Period
This Form 8-K Current Report was filed by Associated Banc-Corp on September 30, 2021. The filing addresses corporate governance changes related to the company's capital structure, specifically the elimination of a preferred stock series 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 5.375% Perpetual Preferred Stock, Series D from the company's Articles of Incorporation.
Material Changes
- Preferred Stock Redemption: All outstanding shares of the 5.375% Perpetual Preferred Stock, Series D were redeemed by the Company on September 15, 2021.
- Delisting: The Series D Preferred Stock was delisted from the New York Stock Exchange as of September 15, 2021.
- Articles of Incorporation Amendment: On September 30, 2021, the Company filed a Certificate with the Wisconsin Department of Financial Institutions to eliminate all provisions regarding the Series D 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 serves solely to disclose the completion of the Series D Preferred Stock redemption and the corresponding amendment to the Articles of Incorporation.
Investor Verification Checklist
- Verify the effective date of the Series D Preferred Stock redemption (September 15, 2021).
- Confirm the delisting of Series D 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 this filing does not contain quarterly financial results; refer to the 10-Q for the period ended September 30, 2021, for financial performance data.