Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 89

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 89
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orp Financial stockholders generally. The Bancorp Financial board of directors was aware of these interests and considered them, among other matters, in making its recommendation that the Bancorp Financial stockholders vote to approve the merger proposal. Anticipated Payments to Directors and Executive Officers As described in more detail below, Darin Campbell, Bancorp Financial’s Chairman, President and Chief Executive Officer, is a party to an employment agreement, and each of Bancorp Financial’s other executive officers, Jill Voss and Michael Spaniak, are parties to change of control agreements with Bancorp Financial, each of which will be terminated in connection with the merger. As a result, each of Messrs. Campbell and Spaniak and Ms. Voss will be entitled to benefits or other compensation thereunder. Mr. Campbell and Ms. Voss are also participants in the Bancorp Financial, Inc. Supplemental Executive Retirement Plan. Pursuant to the terms of the plan, each of the participants is entitled to a payout of the participant’s benefits under the plan in the event of a termination of the plan upon a change in control (as defined in the plan). As a result of the anticipated termination of these agreements, Bancorp Financial’s executive officers will receive the following aggregate estimated payments:

| Name            | ​ | ​ | Total Aggregate Payment |   |           |   | ​ |
|:----------------|:--|:--|:------------------------|:--|----------:|:--|:--|
| Darin Campbell  | ​ | ​ | ​                       | $ | 3,864,318 | ​ | ​ |
| Jill Voss       | ​ | ​ | ​                       | $ | 1,140,868 | ​ | ​ |
| Michael Spaniak | ​ | ​ | ​                       | $ |   481,753 | ​ | ​ |

To the extent that the accounts of any executive officers or directors in Bancorp Financial’s equity compensation plan are not already fully vested, they will become fully vested in their accounts in connection with the merger. See “Treatment of Bancorp Financial Equity Awards”. The merger agreement requires the termination of those plans and IRS rules mandate that all participants’ accounts become fully vested upon a plan termination. Employment Agreements and Other Compensation Arrangements Bancorp Financial Existing Employment Agreement with Darin Campbell. Bancorp Financial entered into an amended and restated employment agreement with Mr. Campbell which became effective as of January 1, 2024 (which we refer to as the existing employment agreement