Old Second Bancorp Files 8-K Amendment

Ticker: OSBC · Form: 8-K/A · Filed: 2024-12-20T00:00:00.000Z

Sentiment: neutral

Topics: amendment, disclosure

TL;DR

Old Second Bancorp filed an amendment to an 8-K, likely correcting or clarifying prior info.

AI Summary

Old Second Bancorp, Inc. filed an amendment (8-K/A) on December 20, 2024, to a previous report concerning events on December 17, 2024. The filing is an amendment to a current report and does not appear to disclose new material events but rather amends previous information.

Why It Matters

This filing indicates a correction or addition to a previous report, suggesting a need for updated or clarified information regarding the company's disclosures.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, not a disclosure of new material events, thus posing low immediate risk.

Key Players & Entities

FAQ

What is the purpose of this 8-K/A filing?

This filing is an amendment (Amendment No. 1) to a previously filed Form 8-K, indicating that the registrant is correcting or supplementing information previously reported.

What is the date of the earliest event reported in this filing?

The date of the earliest event reported is December 17, 2024.

When was this amendment filed with the SEC?

This amendment was filed as of date December 20, 2024.

What is the company's principal executive office address?

The company's principal executive offices are located at 37 South River Street, Aurora, Illinois 60507.

What is the SIC code for Old Second Bancorp, Inc.?

The Standard Industrial Classification (SIC) code for Old Second Bancorp, Inc. is 6022, which corresponds to State Commercial Banks.

Filing Stats: 616 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-12-20 17:00:14

Key Financial Figures

Filing Documents

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 December 16, 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, 2025 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: December 20, 2024 By: /s/ Bradley S. Adams Bradley S. Adams Executive Vice President, Chief Operating Officer, and Chief Financial Officer

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