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    Michael E. Daniels

    Chairman, President, and Chief Executive Officer of Nicolet at Nicolet Bankshares Inc
    Board
    Since December 31, 2023
    Age
    60 years
    Tenure
    Joined NIC at its formation in 2002; held leadership roles including Executive Vice President, Chief Lending Officer, President and Chief Operating Officer, then President and Chief Executive Officer, and assumed the current role as Chairman, President, and Chief Executive Officer on December 31, 2023.

    Also at Nicolet Bankshares Inc

    BVH
    Brad V. Hutjens
    Executive Vice President, Chief Credit Officer, and Chief Compliance & Risk Manager
    EJW
    Eric J. Witczak
    Executive Vice President and Secretary of Nicolet Bankshares, Inc.
    HPM
    H. Phillip Moore
    Chief Financial Officer

    About

    Michael E. Daniels, aged 60 as of December 31, 2024 , has been a pivotal leader at NIC since joining at its formation in 2002. His career trajectory demonstrates a steady progression through several key roles within the organization.

    Over the years, he has held positions as Executive Vice President, Chief Lending Officer, President and Chief Operating Officer, and later advanced to the roles of President and Chief Executive Officer. This evolution in leadership mirrors his deep expertise in commercial lending, operational management, and regulatory compliance.

    On December 31, 2023, he became the Chairman, President, and Chief Executive Officer of Nicolet, marking his latest and most prominent role at the company. While specific details regarding his educational background are not available, his longstanding tenure and varied leadership roles have underpinned his reputation as a straightforward and effective leader at NIC.

    $NIC Performance Under Michael E. Daniels

    Past Roles

    OrganizationRoleDate RangeDetails
    NicoletPresident and Chief Executive Officer April 26, 2021 – December 31, 2023 Ended upon promotion to Chairman, President, and CEO
    NicoletExecutive Vice President and Secretary 2002 – December 31, 2023 Held since company formation
    Nicolet BankPresident and Chief Executive Officer April 29, 2016 – December 31, 2023 Role concluded with subsequent promotion
    Nicolet BankPresident and Chief Operating Officer 2007 – April 29, 2016 N/A
    Nicolet BankExecutive Vice President and Chief Lending Officer 2000 – 2007 N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$700,000 AnnualBase salary for 2024
    All Other Compensation$408,607 AnnualIncludes 401(k) Company Match: $20,700 , Supplemental Health Benefit: $20,184 , Auto Allowance: $9,031 , Club Memberships: $345,179 , Other Perquisites Over $10,000: $10,519 , Other Perquisites (Less Than $10,000): $2,994
    Nonqualified Deferred CompensationAggregate Earnings: $345,304; Aggregate Balance: $4,544,115 Annual/DeferredComponents include Executive Contributions: $0 , Registrant Contributions: $0 , Withdrawals/Distributions: $0

    Performance Compensation

    Data from  FY 2024

    Annual Variable Incentive Bonus

    MetricValueDetails
    Target Bonus$700,000 100% of base salary
    Award Multiplier150% Based on 2024 record earnings, pristine asset quality, and progress toward long-term growth strategies
    Total Bonus Awarded$1,050,000 Cash component for 2024 (150% of target bonus)

    Restricted Stock Award

    MetricValueDetails
    Grant DateNovember 19, 2024
    Number of Shares9,560 shares
    Grant Date Fair Value$1,049,879
    Grant Date Stock Price$109.82 per share
    Vesting Schedule5 equal increments Vests on the anniversaries of the grant date
    Performance ConditionsNone specified Award issued as part of long-term equity incentives