Old Second Bancorp Files 8-K for 'Other Events' on Jan 3, 2024
Ticker: OSBC · Form: 8-K · Filed: Jan 3, 2024 · CIK: 357173
| Field | Detail |
|---|---|
| Company | Old Second Bancorp Inc (OSBC) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $39.1 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, other-events
TL;DR
**Old Second Bancorp filed a routine 8-K, signaling basic regulatory compliance.**
AI Summary
Old Second Bancorp, Inc. filed an 8-K on January 3, 2024, indicating an 'Other Events' report. This filing, while not detailing specific financial transactions or major corporate changes, confirms the company's ongoing compliance with SEC reporting requirements. For investors, this matters because it signals that the company is maintaining its regulatory obligations, which is a basic but crucial aspect of corporate governance and transparency.
Why It Matters
This filing confirms Old Second Bancorp's adherence to SEC reporting, a fundamental aspect of corporate transparency and regulatory compliance for investors.
Risk Assessment
Risk Level: low — This 8-K is a standard 'Other Events' filing without specific details, indicating no immediate new risks or opportunities.
Analyst Insight
A smart investor would note this as a routine compliance filing, indicating no immediate new information to alter investment decisions, but would continue to monitor for future, more substantive 8-K filings.
Key Players & Entities
- OLD SECOND BANCORP INC (company) — the registrant filing the 8-K
- 0000357173 (company) — Central Index Key (CIK) for Old Second Bancorp Inc.
- January 3, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for Old Second Bancorp Inc.
- 000-10537 (dollar_amount) — Commission File Number for Old Second Bancorp Inc.
- 36-3143493 (dollar_amount) — I.R.S. Employer Identification No. for Old Second Bancorp Inc.
- 37 South River Street Aurora, Illinois 60507 (company) — address of principal executive offices for Old Second Bancorp Inc.
- 630-892-0202 (dollar_amount) — registrant's telephone number
FAQ
What is the purpose of this 8-K filing by Old Second Bancorp, Inc.?
The purpose of this 8-K filing is to report 'Other Events' as of January 3, 2024, indicating compliance with SEC disclosure requirements, though no specific event details are provided within the filing itself.
What is the earliest event reported date in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 3, 2024.
Where is Old Second Bancorp, Inc. incorporated?
Old Second Bancorp, Inc. is incorporated in Delaware, as stated in the filing under 'State or other jurisdiction of incorporation'.
What is the business address of Old Second Bancorp, Inc.?
The business address of Old Second Bancorp, Inc. is 37 South River Street, Aurora, Illinois 60507, according to the filing.
Does this 8-K indicate that Old Second Bancorp, Inc. is an emerging growth company?
No, the filing indicates with a '☐' (unchecked box) that Old Second Bancorp, Inc. is not an emerging growth company as defined in Rule 405 under the Securities Act or Rule 12b-2 under the Exchange Act.
Filing Stats: 545 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-01-03 15:30:13
Key Financial Figures
- $39.1 million — has authorized the repurchase of up to $39.1 million of shares of the Company's common stock
Filing Documents
- tmb-20240103x8k.htm (8-K) — 34KB
- tmb-20240103x8k001.jpg (GRAPHIC) — 11KB
- 0000357173-24-000006.txt ( ) — 271KB
- tmb-20240103.xsd (EX-101.SCH) — 4KB
- tmb-20240103_lab.xml (EX-101.LAB) — 1KB
- tmb-20240103_pre.xml (EX-101.PRE) — 10KB
- tmb-20240103x8k_htm.xml (XML) — 4KB
01
Item 8.01 Other Events. The Board of Directors of Old Second Bancorp, Inc. (the "Company") has authorized the repurchase of up to $39.1 million of shares of the Company's common stock (the "Repurchase Program"). On January 3, 2024, the Federal Reserve Bank of Chicago (the "Federal Reserve") informed us of their non-objection for the Repurchase Program. Repurchases by the Company under the Repurchase Program may be made from time to time through open market purchases, trading plans established in accordance with U.S. Securities and Exchange Commission rules, privately negotiated transactions, or by other means. The actual means and timing of any repurchases, quantity of purchased shares and prices will be, subject to certain limitations, at the discretion of management and will depend on a number of factors, including, without limitation, market prices of the Company's common stock, general market and economic conditions, and applicable legal and regulatory requirements. Repurchases under the Repurchase Program may be initiated, discontinued, suspended or restarted at any time; provided, that repurchases under the Repurchase Program after December 31, 2024 would require Federal Reserve non-objection or approval. The Company is not obligated to repurchase any shares under the Repurchase Program. 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: January 3, 2024 By: /s/ Bradley S. Adams Bradley S. Adams Executive Vice President, Chief Operating Officer, and Chief Executive Officer