Nortech Systems (NASDAQ: NSYS) signs $15M credit and term loan to 2029. Filing Impact Filing Sentiment Rhea-AI filing summary. Nortech Systems Incorporated entered into a new Credit and Security Agreement with Associated Bank that provides a revolving credit facility of up to $15,000,000 and a $2,200,000 term loan. This replaces the company's prior facility that was due to mature in August 2026. The new facility includes a $1,500,000 letter-of-credit sublimit, is secured by substantially all U.S. assets, and the revolver and term loan each mature in March 2029. Borrowings bear interest at a base rate or one- or three-month Term SOFR plus 2.00% for revolver borrowings and 2.25% for the term loan. The agreement includes customary covenants limiting additional debt, liens, investments, asset sales, dividends, and certain transactions without lender consent. Nortech must maintain a Fixed Charge Coverage Ratio of 1.10 to 1.00 and comply with broad event-of-default provisions, including non-compliance, change of control, destruction of collateral, or a material adverse effect. Insights. New $17.2M facility extends debt maturity to 2029 with covenants. Nortech Systems has refinanced its existing bank facility with Associated Bank, securing a revolving line up to $15,000,000 plus a $2,200,000 term loan, both maturing in March 2029. This removes the prior August 2026 maturity overhang and provides committed liquidity tied to receivables, inventory, and fixed assets. Pricing is floating, based on a defined base rate or one- or three-month Term SOFR plus 2.00% on revolver borrowings and 2.25% on the term loan, keeping interest costs sensitive to rate movements. The facility is secured by substantially all U.S. assets and includes a $1,500,000 letter-of-credit sublimit. Covenants are typical for asset-based lending: limits on new debt, liens, investments, asset sales, and dividends, plus a required Fixed Charge Coverage Ratio of 1.10 to 1.00. Broad events of default, including change of control and material adverse effect, give the lender significant remedies if performance weakens, so ongoing covenant compliance remains important for maintaining access to this credit. 03/23/2026 - 06:02 AM Date of Report (Date of earliest event reported): (Exact name of registrant as specified in charter) (Address of principal executive offices) (Registrant's telephone number, including area code) (Former name or former address, if changed from last report) 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 ( General Instruction A.2. below): Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. On March 20, 2026, we entered into a new Credit and Security Agreement with Associated Bank, National Association, which provides for a revolving credit facility of up to $15,000,000, subject to a borrowing base based on eligible accounts receivable, inventory and fixed assets, and a $2,200,000 term loan (the "Associated Facility"). The new Associated Facility replaces our existing credit facility, which was scheduled to mature in August 2026. The Associated Facility includes a sublimit of $1,500,000 for letters of credit and is secured by substantially all of our assets in the United States of America, and the facility and term loan each mature in March 2029. Borrowings under the Associated Facility bear interest, at our option, at a defined base rate, or at one-month or three-month Term Secured Overnight Financing Rate, plus 2.00% in the case of revolving credit borrowings and plus 2.25% in the case of the term loan. The Associated Facility contains customary affirmative and negative covenants that restrict or limit our ability to incur additional indebtedness, create liens, make investments, sell assets, pay dividends or engage in certain transactions without lender consent. This agreement also requires us to comply with financial covenants, including maintaining a Fixed Charge Coverage Ratio of 1.10 to 1.00, which measures the ratio of EBITDA, as defined to exclude certain other non-cash items, and less unfunded capital expenditures, to fixed charges such as interest as well as debt and capital lease principal payments. The Associated Facility contains a broad definition of events of default including non-compliance with the credit agreement, change of control of the company, destruction of collateral and if the company suffers a material adverse affect. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 23, 2026 Faq. What new credit facility did Nortech Systems (NSYS) enter into? Nortech Systems entered a new Credit and Security Agreement with Associated Bank, providing a revolving credit facility up to $15,000,000 and a $2,200,000 term loan. This agreement replaces the company's prior facility and is secured by substantially all U.S. assets. When does Nortech Systems' new credit facility with Associated Bank mature? Both the revolving credit facility and the $2,200,000 term loan mature in March 2029. This extends Nortech Systems' debt maturity profile compared with its prior credit facility, which had been scheduled to mature in August 2026, providing a longer-term capital structure. What are the interest rates on Nortech Systems' new credit facility? Borrowings under the facility accrue interest at a chosen base rate or one- or three-month Term SOFR plus 2.00% for revolving credit borrowings and plus 2.25% for the term loan. These floating rates directly tie the company's borrowing costs to prevailing short-term interest benchmarks. What financial covenants apply to Nortech Systems under the new facility? The agreement requires Nortech Systems to maintain a Fixed Charge Coverage Ratio of 1.10 to 1.00. This ratio compares EBITDA, adjusted to exclude certain non-cash items and reduced by unfunded capital expenditures, to fixed charges such as interest and scheduled debt and capital lease principal payments. What collateral and restrictions are included in Nortech Systems' new credit agreement? The facility is secured by substantially all of Nortech Systems' U.S. assets and includes a $1,500,000 letter-of-credit sublimit. It also imposes customary covenants limiting additional indebtedness, liens, investments, asset sales, dividend payments, and certain transactions without lender consent. What events of default are defined in Nortech Systems' new credit facility? Events of default include non-compliance with the credit agreement, a change of control of the company, destruction of collateral, and situations where the company suffers a material adverse effect. These provisions give the lender broad rights if the company's condition or compliance deteriorates. Filing exhibits & attachments. 4 documents Agreements & contracts.

Associated Bank names Neil Riegelman as Milwaukee market president. MILWAUKEE, March 16, 2026 - Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today announced a strategic leadership transition in its Milwaukee market designed to accelerate both local growth and the continued expansion of its national verticals. Effective April 1, Neil Riegelman, senior vice president and head of Commercial Banking - Milwaukee and Madison, will also assume the role of Milwaukee market president. He succeeds John Utz, executive vice president, Milwaukee market president and head of Specialized Industries, who will dedicate his focus to scaling the bank's nationally focused specialty businesses he also oversees. Utz was appointed Milwaukee market president in 2015, at a pivotal time in the bank's evolution in the region. Under his leadership, Associated significantly expanded its specialized industries, commercial and corporate banking presence, strengthening its position in the market and reshaping its brand from primarily consumer-focused to a full-service financial partner. "When I joined Associated and took on the role of market president, the directive for Milwaukee was clear: build a stronger commercial platform and expand our relevance in the market and I'm proud of what we have accomplished so far," said Utz. "Neil is a Wisconsin native who can continue to grow our Milwaukee business while I focus on growing our specialized industries across the country." Riegelman joined Associated in October 2023 to lead the commercial banking team's business development, client relationships and related strategies for Southern Wisconsin. Associated's commercial business has had unprecedented growth, with 2025 being the strongest bottom line in the company's history and the strongest year for commercial lending. "John's leadership has been instrumental in elevating our Milwaukee presence and building deep connections across the business community," said Riegelman. "I'm honored to step into this role and continue advancing our commercial strategy in one of our most important markets." Riegelman earned a degree in finance from the University of Wisconsin-Oshkosh. He serves on the boards of Discovery World and Ducks Unlimited of Milwaukee and resides in Brookfield, Wis. ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp (NYSE: ASB) has total assets of $45 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.

Associated Bank announces hiring of Alexander Bush, executive vice president, chief data officer. MILWAUKEE, February 24, 2026 - Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today announced Alexander Bush has been appointed executive vice president, chief data officer (CDO), effective immediately. Bush will report to Executive Vice President and Chief Information Officer, Terry Williams. "Data is an important strategic asset within the bank," said Williams. "The chief data officer role is critical to how we strengthen decision-making, drive operational efficiencies, and help unlock the value of our data ecosystem." As chief data officer, Bush is responsible for Associated's enterprise data strategy and governance, ensuring data is consistent, trusted, and effectively used across the organization. His role connects across business lines and functions, establishing a strong data foundation that supports operations, regulatory requirements, risk management, and advanced analytics at scale. He has more than two decades of experience in financial services, most recently as senior vice president, director of financial information at Huntington National Bank. While there, Bush led multi-year strategic initiatives for financial data and systems, championed enterprise data governance, and pioneered innovative approaches to automation and analytics. His leadership enabled trusted data, predictive analytics and streamlined regulatory compliance across complex environments. "I'm excited to join Associated Bank because of its commitment to earning trust - through thoughtful strategy, strong values and a relentless focus on people," said Bush. "As chief data officer, my priority is to ensure data is trusted and strategically applied to drive decisions and deliver consistently superior customer experiences." Bush holds a bachelor's degree in information technology and an MBA, both from Franklin University. He and his family will relocate to Milwaukee in May 2026 from Columbus, Ohio. ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp (NYSE: ASB) has total assets of $45 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com