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Michael E. Daniels

Chairman, President, and Chief Executive Officer of Nicolet at NICOLET BANKSHARES
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

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