secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0000357173-24-000082
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Second Bancorp authorizes $39.1M share repurchase; Fed non-objection secured
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- Board authorized up to $39.1M share repurchase; Federal Reserve non-objection received Dec 16, 2024.
- Repurchases may be made via open market, Rule 10b5-1 plans, or private negotiations at management's discretion.
- Program runs through Dec 31, 2025; any repurchases after that date require further Federal Reserve non-objection.
- Company is not obligated to repurchase any shares; program may be suspended or discontinued at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717324000082/0000357173-24-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717324000082/tmb-20241217x8k.htm
  HTML page:      https://secwatch.observer/filing/0000357173-24-000082

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