Old Second Bancorp Inc.
07/08/2026 | Press release | Distributed by Public on 07/08/2026 09:00
Management Change/Compensation (Form 8-K)
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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. |
Effective July 7, 2026, John Williams, Jr., a member of the Board of Directors (the "Board") of Old Second Bancorp, Inc. (the "Company"), resigned from the Board. Mr. Williams, Jr. submitted his resignation in accordance with the Company's Director Resignation Policy, which requires that any person serving as a director submit his or her resignation as a director upon attaining the age of 73 during his or her tenure. As such, Mr. Williams, Jr.'s resignation is not the result of any disagreement with the Company. Mr. Williams, Jr. served on the Risk and Insurance Committee. He has been a valuable Board member since 2021, and the Company appreciates his contributions during his tenure.
The Company does not anticipate immediately filling the vacancy on the Board caused by Mr. Williams, Jr.'s resignation and will reduce the size of the Board by one member. Following a recommendation from the Nominating and Corporate Governance Committee, the Board's intent is to maintain the Board classes to be as nearly equal in number as possible.
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