Old Second Bancorp Reports on Shareholder Vote

Ticker: OSBC · Form: 8-K · Filed: 2024-05-23T00:00:00.000Z

Sentiment: neutral

Topics: shareholder-vote, corporate-governance, disclosure

Related Tickers: OSBC

TL;DR

OSBC filed an 8-K about a shareholder vote on 5/21. Nothing major revealed yet.

AI Summary

Old Second Bancorp, Inc. filed an 8-K on May 23, 2024, reporting on a matter submitted to a vote of its security holders on May 21, 2024. The filing details the company's corporate information, including its address in Aurora, Illinois, and its standard industrial classification as a commercial bank.

Why It Matters

This filing indicates a formal process involving shareholder decisions, which can impact corporate governance and future strategic directions for Old Second Bancorp.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a shareholder vote and does not contain information that inherently increases risk.

Key Numbers

Key Players & Entities

FAQ

What specific matter was submitted to a vote of Old Second Bancorp's security holders on May 21, 2024?

The filing states that a matter was submitted to a vote of security holders on May 21, 2024, but does not specify the nature of the matter in the provided text.

What is the primary business of Old Second Bancorp, Inc. according to the filing?

Old Second Bancorp, Inc. is classified under the Standard Industrial Classification code 6022, which corresponds to State Commercial Banks.

When was this 8-K report filed with the SEC?

This 8-K report was filed with the SEC on May 23, 2024.

Where are Old Second Bancorp's principal executive offices located?

The principal executive offices of Old Second Bancorp are located at 37 South River Street, Aurora, Illinois 60507.

What is the company's fiscal year end?

The company's fiscal year ends on December 31.

Filing Stats: 612 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-05-23 11:15:15

Filing Documents

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders On May 21, 2024, Old Second Bancorp, Inc. (the "Company") held its Annual Meeting of Stockholders (the "Annual Meeting"). Of the 44,845,629 shares of common stock eligible to vote at the Annual Meeting, 38,156,324 shares were represented in person or by proxy, representing approximately 85.08% of the outstanding shares. At the Annual Meeting, the stockholders elected James Eccher, Barry Finn, Dennis Klaeser, and Hugh McLean as Class II directors to serve a term expiring in 2027, and voted on the two additional proposals listed below. Further detail on each of the matters voted on by the stockholders is available in the Company's Definitive Proxy Statement. The final results of voting on each of the matters submitted to a vote of common stockholders during the Annual Meeting are as follows: 1) Election of four Class II directors to serve a three-year term expiring in 2027 and until their respective successors are duly elected and qualified: Name Votes For Votes Against Abstentions Broker Non-Votes James Eccher 32,105,573 1,819,430 56,438 4,174,883 Barry Finn 30,247,721 3,635,228 98,492 4,174,883 Dennis Klaeser 32,146,870 1,767,670 66,901 4,174,883 Hugh McLean 32,145,782 1,781,990 53,669 4,174,883 2) A non-binding, advisory vote, to approve the compensation of our named executive officers (the "say-on-pay" vote): Votes For Votes Against Abstentions Broker Non-Votes 29,454,172 4,064,267 463,002 4,174,883 3) A proposal to ratify Plante & Moran, PLLC as the Company's independent registered public accounting firm for the year ended December 31, 2024: 6,814,346 Votes For Votes Against Abstentions Broker Non-Votes 37,639,089 442,138 75,097 0 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 SE

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