secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0000357173-23-000069
Event type: leadership
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Director James Tapscott resigns from Old Second Bancorp board due to age policy
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- Resignation effective Sept 9, 2023, per Director Resignation Policy at age 73.
- Tapscott's resignation is not due to any disagreement with the company.
- He served as Audit Committee Chair and on Executive, Loan, Nominating, and Risk Committees since 2015.
- Board will not immediately fill vacancy; reduces board size by one member.
- Board realigned Class I, II, III directors in Feb 2023 to anticipate retirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717323000069/0000357173-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717323000069/tmb-20230908x8k.htm
  HTML page:      https://secwatch.observer/filing/0000357173-23-000069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer