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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Old Second Bancorp Inc | NASDAQ:OSBC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.12 | 0.81% | 14.92 | 12.57 | 23.82 | 14.99 | 14.73 | 14.90 | 199,639 | 21:04:29 |
I
United States
Securities And Exchange Commission
Washington, D.C. 20549
FORM
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of principal executive offices) (Zip code)
(
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since 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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock | OSBC | The Nasdaq Stock Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).
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. ☐
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Effective October 30, 2023, William Kane, a member of the Board of Directors (the “Board”) of Old Second Bancorp, Inc. (the “Company”), resigned from the Board. Mr. Kane submitted his resignation in accordance with the Company’s Director Resignation Policy, which requires that any person serving as a director submit his or her resignation as a director upon attaining the age of 73 during his or her tenure. As such, Mr. Kane’s resignation is not the result of any disagreement with the Company. Mr. Kane served on the Compensation Committee and the Risk and Insurance Committee. He has been a valuable board member since 1999, and we appreciate his contributions to the Company during his tenure.
The Company does not anticipate immediately filling the vacancy on the Board caused by Mr. Kane’s resignation and will reduce the size of the Board by one member. Following recommendation from the Nominating and Corporate Governance Committee, the Board’s intent is to maintain the Board classes to be as nearly equal in number as possible. Therefore, the Board realigned its Class I, II and III directors at its regularly scheduled meeting in February 2023, anticipating potential director retirements during 2023.
Cautionary Statement Regarding Forward Looking Statements
Statements included in this current report which are not historical in nature are intended to be, and are hereby identified as, forward looking statements for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934. Forward looking statements generally include words such as “expects,” “anticipates,” “intends,” “estimates,” and other similar expressions. The Company cautions readers that forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from anticipated results. Such risks and uncertainties, include, among others, factors disclosed in the Company’s 2022 Annual Report on Form 10-K filed March 9, 2023 or in its subsequent filings with the U.S. Securities and Exchange Commission, any of which could cause actual results to differ materially from future results expressed or implied by such forward looking statements.
Signature
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.
OLD SECOND BANCORP, INC. | ||
Dated: October 27, 2023 | By: | /s/ Bradley S. Adams |
Bradley S. Adams | ||
Executive Vice President, | ||
Chief Operating Officer, and | ||
Chief Financial Officer |
Document and Entity Information |
Oct. 27, 2023 |
---|---|
Document and Entity Information [Abstract] | |
Document Type | 8-K |
Document Period End Date | Oct. 27, 2023 |
Entity Registrant Name | OLD SECOND BANCORP INC |
Entity Incorporation, State or Country Code | DE |
Securities Act File Number | 000-10537 |
Entity Tax Identification Number | 36-3143493 |
Entity Address, Address Line One | 37 South River Street |
Entity Address, City or Town | Aurora |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60507 |
City Area Code | 630 |
Local Phone Number | 892-0202 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0000357173 |
Amendment Flag | false |
N-2 |
Oct. 27, 2023 |
---|---|
Cover [Abstract] | |
Entity Central Index Key | 0000357173 |
Amendment Flag | false |
Securities Act File Number | 000-10537 |
Document Type | 8-K |
Entity Registrant Name | OLD SECOND BANCORP INC |
Entity Address, Address Line One | 37 South River Street |
Entity Address, City or Town | Aurora |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60507 |
City Area Code | 630 |
Local Phone Number | 892-0202 |
Entity Emerging Growth Company | false |
1 Year Old Second Bancorp Chart |
1 Month Old Second Bancorp Chart |
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