Business Context and Reporting Period
This Form 8-K filing by Old Second Bancorp Inc (OSBC) reports a corporate governance event dated June 5, 2026. The registrant is a Delaware corporation headquartered in Aurora, Illinois, with common stock listed on The Nasdaq Stock Market.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a personnel change and does not contain financial performance data.
Material Changes
The material change reported is the resignation of Dennis Klaeser from the Board of Directors of Old Second Bancorp, Inc. and the Board of Directors of its subsidiary, Old Second National Bank.
- Effective Date: June 5, 2026 (Immediate).
- Reason: Voluntary resignation; explicitly stated as not resulting from any disagreement with the company.
- Committee Roles: Mr. Klaeser served on the Executive, Audit, Compensation, Risk, and Capital Committees.
- Board Composition: The company does not anticipate immediately filling the vacancy and will reduce the Board size by one member.
Guidance, Outlook, and Risks
Management commentary from Chairman and CEO James E. Eccher expressed gratitude for Mr. Klaeser's five-year tenure and contributions. The filing includes a standard cautionary statement regarding forward-looking statements, noting that actual results may differ due to risks disclosed in the company's 2025 Annual Report on Form 10-K (filed February 26, 2026) and subsequent filings.
Investor Verification Checklist
- Verify the updated Board of Directors composition and committee assignments following the reduction in Board size.
- Review the 2025 Annual Report on Form 10-K for the full list of risk factors referenced in the forward-looking statement.
- Confirm whether the reduction in Board size impacts the quorum requirements or voting thresholds for future corporate actions.