Company: OSBC
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001558370-25-004277
Chunk: 37

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 37
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 clawback policy also provides our board of directors discretion to clawback any incentive compensation paid to an officer if the board determines it is just, practical, equitable, and in the best interests of the Company to do so, regardless of whether the Company is required to prepare a “Big R” restatement or “little r” restatement. Objectives of Our Compensation Program The goal of our compensation program is to align the interests of management with those of our stockholders while minimizing undue risk-taking. The Compensation Committee has designed our executive compensation program in a manner that does not provide our executives with incentives to engage in business activities or other behavior that would threaten our value or the investments of our stockholders. The executive compensation program is intended to accomplish the following objectives:

| ● | pay for performance; |

| ● | tie equity compensation to long-term value creation for our stockholders; |

| ● | align the financial interests of our named executive officers with those of our stockholders; |

| ● | maintain a corporate environment that encourages stability and a long-term focus for both us and our management; |

| ● | maintain a program that: |

| o | clearly motivates personnel to perform and succeed according to our current goals; |

| o | attracts and retains key personnel critical to our long-term success; and |

| o | does not encourage undue risk-taking; and |

| ● | seeks to ensure that management: |

| o | fulfills its oversight responsibility to its constituents which include stockholders, customers, employees, the community and government regulatory agencies; |

| o | conforms its business conduct to the highest ethical standards; |

| o | remains free from any influences that could impair or appear to impair the objectivity and impartiality of its judgments or treatment of our constituents; and |

| o | continues to avoid any conflict between its responsibilities to us and each individual’s personal interests. |

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#### ​Below we summarize certain governance practices we have implemented to drive performance and those we have not implemented because we do not believe they would serve our stockholders’ long-term interests.What We DoPay-for-PerformanceWe have structured compensation so that a meaningful portion of pay for our executive officers is subject to the attainment of key performance objectives.Risk ManagementWe annually review our compensation programs to ensure that they do not encourage excessive risk-taking.Caps on Annual Cash Incentive PaymentsWe have appropriate caps on annual cash incentive payments.Stock Ownership GuidelinesWe maintain stock ownership guidelines of 3x salary for our chief executive officer and 3x annual retainer