Business Context and Reporting Period
Company: Old Second Bancorp Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 7, 2026
Reporting Period: Event date July 7, 2026
Key Financial Metrics
This filing does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
Board of Directors Resignation:
- Individual: John Williams, Jr., a member of the Board of Directors.
- Effective Date: July 7, 2026.
- Reason: Mandatory resignation under the Company's Director Resignation Policy upon attaining the age of 73.
- Committee Service: Served on the Risk and Insurance Committee.
- Disagreement: The resignation is not the result of any disagreement with the Company.
Board Composition:
- The Company does not anticipate immediately filling the vacancy.
- The Board size will be reduced by one member.
- The Board intends to maintain classes as nearly equal in number as possible following a recommendation from the Nominating and Corporate Governance Committee.
Guidance, Outlook, and Risks
Forward-Looking Statements:
- The filing includes a cautionary statement regarding forward-looking statements subject to risks and uncertainties.
- Actual results may differ materially from anticipated results due to factors disclosed in the Company's 2025 Annual Report on Form 10-K (filed February 26, 2026) or subsequent filings.
Outlook: No specific financial guidance or operational outlook is provided in this filing.
Investor Verification Checklist
- Verify the updated composition of the Board of Directors and the Risk and Insurance Committee.
- Review the Company's 2025 Annual Report on Form 10-K for detailed risk factors referenced in the forward-looking statement.
- Confirm the timeline for any potential future Board appointments, if the Company decides to fill the vacancy later.