Old Second Bancorp director resigns at age limit
Old Second Bancorp, Inc. announced that director John Williams, Jr. resigned from its Board of Directors effective July 7, 2026.
Rhea-AI Filing Summary
Old Second Bancorp, Inc. announced that director John Williams, Jr. resigned from its Board of Directors effective July 7, 2026. He stepped down under the company’s Director Resignation Policy, which requires directors to resign upon reaching age 73, and not due to any disagreement with the company.
Williams, Jr., who joined the Board in 2021 and served on the Risk and Insurance Committee, is recognized by the company for his contributions. The Board does not plan to immediately fill the vacancy and will instead reduce its size by one seat, with the intent, following a recommendation from the Nominating and Corporate Governance Committee, to keep Board classes as nearly equal in number as possible.
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8-K Event Classification
Key Figures
Key Terms
Director Resignation Policy financial
Risk and Insurance Committee financial
Nominating and Corporate Governance Committee financial
forward looking statements regulatory
safe harbor regulatory
FAQ
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Why did Old Second Bancorp (OSBC) director John Williams, Jr. resign?
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I
United States
Securities And Exchange Commission
Washington, D.C. 20549
FORM
Current Report
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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.
Cautionary Statement Regarding Forward Looking Statements
Statements included in this current report which are not historical in nature are intended to be, and are hereby identified as, forward looking statements for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934. Forward looking statements generally include words such as “expects,” “anticipates,” “intends,” “estimates,” and other similar expressions. The Company cautions readers that forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from anticipated results. Such risks and uncertainties include, among others, factors disclosed in the Company’s 2025 Annual Report on Form 10-K filed February 26, 2026 or in its subsequent filings with the U.S. Securities and Exchange Commission, any of which could cause actual results to differ materially from future results expressed or implied by such forward looking statements.
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: July 8, 2026 | By: | /s/ Bradley S. Adams |
Bradley S. Adams | ||
Executive Vice President, | ||
Chief Operating Officer, and | ||
Chief Financial Officer | ||