{"schema_version":"secwatch.filing_event.v1","accession":"0000357173-24-000017","form_type":"8-K","ticker":"OSBC","cik":"0000357173","company_name":"OLD SECOND BANCORP INC","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.592165+00:00","generated_at":"2026-06-04T08:10:35.099242+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Gary Collins enters employment agreement; role shifted to strategic focus by June 30, 2024","bullets":["Vice Chairman Gary Collins to transition out of direct management by June 30, 2024; will focus on strategic objectives.","Employment term through July 1, 2027; base salary adjusted to $300,000 from $394,012.30 as of July 1, 2024.","Annual target bonus of 50% of base salary under Company’s incentive plan; eligibility for benefits and club dues.","Severance terms: 1x base salary + pro-rata target bonus, equity acceleration, COBRA for 12 months on non-cause termination.","Non-solicitation and confidentiality restrictions for 12 months post-termination; CBAA severance reduced by agreement payments."],"urls":{"canonical":"https://secwatch.observer/filing/0000357173-24-000017","json":"https://secwatch.observer/filing/0000357173-24-000017.json","markdown":"https://secwatch.observer/filing/0000357173-24-000017.md","text":"https://secwatch.observer/filing/0000357173-24-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/357173/000035717324000017/0000357173-24-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/357173/000035717324000017/tmb-20240320x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:10:35.099242+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"331adcfe9b","claim":"Gary Collins changed role as Vice Chairman at OLD SECOND BANCORP INC.","evidence_excerpt":"Mr. Collins will transition out of direct management of business lines and staff and will instead focus on strategic objectives, reporting directly to the CEO.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/357173/000035717324000017/0000357173-24-000017-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will transition out of direct management and focus on strategic objectives"},{"label":"Role","value":"Vice Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}