Business Context and Reporting Period
Associated Banc-Corp filed a Form 8-K dated September 21, 2026, under Item 5.02 to report the planned retirement and transition arrangements of Randall J. Erickson, Executive Vice President, General Counsel and Corporate Secretary.
Key Financial and Operating Metrics
This filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating and financial metrics.
Material Changes
- Mr. Erickson will retire from his current position effective October 13, 2026.
- Under an Employment Transition–Letter Agreement dated September 21, 2026, he will serve as Attorney-Advisor through January 4, 2027, while reporting to the Chief Executive Officer and performing duties determined by the Chief Executive Officer and the General Counsel and Corporate Secretary.
- He will remain in an advisory capacity through the end of 2026 to support the transition.
Compensation, Outlook, and Risks
- Mr. Erickson will retain his current base salary through January 4, 2027.
- He will retain vested rights and receive amounts due under the Company’s 401(k), Supplemental Executive Retirement Plan, and Retirement Account Plan.
- He remains eligible for the short-term incentive program through the retirement date and will receive the full 2026 short-term incentive calculated under applicable performance metrics.
- He will continue to vest in unvested awards under the 2025–2027 and 2026–2028 Long-Term Incentive Performance Plans, subject to the applicable equity plan and award agreements.
- The filing does not quantify the compensation amounts, disclose financial guidance, or identify material contingencies arising from the transition.
Investor Verification Points
- Review Exhibit 10.1, the complete Employment Transition–Letter Agreement, for definitive terms and conditions.
- Verify the effective retirement date of October 13, 2026, and the retirement date under the agreement of January 4, 2027.
- Assess any future disclosures regarding the appointment or responsibilities of a successor General Counsel and Corporate Secretary.
- Determine the financial impact of continued salary, incentive compensation, retirement benefits, and equity award vesting, which is not quantified in this filing.