Associated Banc-Corp 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 1, 2012
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (920) 491-7000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Departure of Directors or Certain Officers; Election of Directors;
Mark D. Quinlan will be resigning from his position as the Executive Vice President, Chief Information and Operations Officer of Associated Banc-Corp (Associated). Mr. Quinlans resignation will be effective on May 18, 2012 (the Separation Date)
In connection with his resignation, Associated has entered into a Resignation Agreement and General Release (the Resignation Agreement) with Mr. Quinlan. Under the Resignation Agreement, Mr. Quinlan will be provided with post employment cash benefits in semimonthly installments of $21,875, less applicable withholdings, during the period beginning on the Separation Date and ending 12 months after the Separation Date (the Post Employment Period), as well as outplacement assistance during the Post Employment Period with a value not to exceed $7,500. In addition, Mr. Quinlan will receive benefits under various Associated benefit plans and policies in accordance with the terms of such plans and policies.
In exchange for the benefits described above, Mr. Quinlan agreed, subject to certain limitations, to a general release of Associated from any liabilities or obligations to him from the beginning of his employment to the date on which he signed the Resignation Agreement, including any claims arising out of his employment with Associated. Mr. Quinlan is also subject under the Resignation Agreement to customary confidentiality, non-solicitation and non-disparagement provisions.
The foregoing description of the Resignation Agreement does not purport to be complete and is qualified in its entirety by reference to the full agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.