Securities And Exchange Commission
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 18, 2021, at the Old Second Bancorp, Inc. (the “Company”) annual meeting of stockholders (the “Annual Meeting”), the stockholders approved the Old Second Bancorp, Inc. 2019 Equity Incentive Plan (the “Plan”), as Amended and Restated, to increase the number of shares of common stock authorized for issuance under the plan by 1,200,000 shares, from 600,000 shares to 1,800,000 shares, which was previously adopted by the Board of Directors subject to stockholder approval. A description of the terms and conditions of the Plan is included in the Company’s definitive proxy statement for the Annual Meeting filed with the SEC on April 16, 2021 (the “Definitive Proxy Statement”), which description is incorporated herein by reference. The summary of the Plan set forth in the Definitive Proxy Statement is not complete and is qualified in its entirety by reference to the full text of the Plan, a copy of which is attached as Appendix A to the Definitive Proxy Statement and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders
On May 18, 2021, the Company held its Annual Meeting. Of the 29,018,637 shares of common stock eligible to vote at the Annual Meeting, 24,912,760 shares were represented in person or by proxy, representing approximately 85.85% of the outstanding shares. At the Annual Meeting, the common stockholders elected Messrs. James Eccher, Barry Finn, Hugh McLean and James F. Tapscott as Class II directors to serve a term expiring in 2024, and voted on the three additional proposals listed below. Further detail on each of the matters voted on by the common 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 2024 and until their respective successors are duly elected and qualified:|
|2)||A non-binding, advisory vote, to approve the compensation of our named executive officers (the “say-on-pay” vote):|
|3)||A proposal to approve the Old Second Bancorp, Inc. 2019 Equity Incentive Plan, as Amended and Restated, to increase the number of shares of common stock authorized for issuance under the plan by 1,200,000 shares, from 600,000 shares to 1,800,000 shares;|
|4)||A proposal to ratify Plante & Moran, PLLC as the Company’s independent registered public accounting firm for the year ended December 31, 2021:|
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: May 19, 2021
/s/ Bradley S. Adams
Bradley S. Adams
Executive Vice President
and Chief Financial Officer