Old Second Bancorp Reports Director and Officer Changes
Ticker: OSBC · Form: 8-K · Filed: Sep 15, 2025 · CIK: 357173
| Field | Detail |
|---|---|
| Company | Old Second Bancorp Inc (OSBC) |
| Form Type | 8-K |
| Filed Date | Sep 15, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
Old Second Bancorp shuffled its board and execs effective Sept 14.
AI Summary
Old Second Bancorp, Inc. filed an 8-K on September 15, 2025, reporting changes effective September 14, 2025. The filing covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements for certain officers. Specific details regarding the individuals involved and the nature of these changes were not provided in the excerpt.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus.
Risk Assessment
Risk Level: low — This filing reports routine corporate governance changes and does not indicate immediate financial distress or significant operational shifts.
Key Players & Entities
- OLD SECOND BANCORP INC (company) — Registrant
- September 14, 2025 (date) — Effective date of changes
- September 15, 2025 (date) — Filing date
- 37 South River Street, Aurora, Illinois 60507 (location) — Principal executive offices
FAQ
What specific changes were made regarding the departure and election of directors?
The filing indicates the departure of directors and the election of new directors, but the specific names and reasons are not detailed in the provided excerpt.
Who are the newly appointed officers, and what are their roles?
The filing mentions the appointment of certain officers, but their identities and specific positions are not disclosed in the provided text.
What are the details of the compensatory arrangements for the officers mentioned?
The filing notes that compensatory arrangements for certain officers are covered, but the specifics of these arrangements are not included in the excerpt.
What is the effective date of these reported changes?
The earliest event reported, which includes the changes in directors and officers, is dated September 14, 2025.
When was this Current Report (8-K) filed with the SEC?
This Form 8-K was filed on September 15, 2025.
Filing Stats: 725 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2025-09-15 11:00:08
Filing Documents
- tmb-20250914x8k.htm (8-K) — 36KB
- tmb-20250914x8k001.jpg (GRAPHIC) — 11KB
- 0000357173-25-000079.txt ( ) — 164KB
- tmb-20250914.xsd (EX-101.SCH) — 4KB
- tmb-20250914_lab.xml (EX-101.LAB) — 13KB
- tmb-20250914_pre.xml (EX-101.PRE) — 9KB
- tmb-20250914x8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective September 14, 2025, John Ladowicz, a member of the Board of Directors (the "Board") of Old Second Bancorp, Inc. (the "Company"), resigned from the Board. Mr. Ladowicz 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. Ladowicz's resignation is not the result of any disagreement with the Company. Mr. Ladowicz served on the Audit Committee, the Compensation Committee, the Nominating and Corporate Governance Committee, the Loan Committee, and the Risk and Insurance Committee. He has been a valuable Board member since 2008, and the Company appreciates his contributions during his tenure. The Company does not anticipate immediately filling the vacancy on the Board caused by Mr. Ladowicz's resignation and will reduce the size of the Board by one member. Following a 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. Accordingly, the Board realigned its Class I, II and III directors at its regularly scheduled meeting in February 2025, anticipating potential director retirements during 2025, including Mr. Ladowicz's retirement. Cautionary Statement Regarding Forward Looking Statements