Company: OSBC
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001558370-25-004277
Chunk: 34

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 34
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 |   | Title                                                                         |
| James Eccher       | ​ | Chairman, President and Chief Executive Officer of the Company and the Bank   |
| Bradley Adams      | ​ | Executive Vice President, Chief Operating Officer and Chief Financial Officer |
| Gary Collins       | ​ | Vice Chairman                                                                 |
| Donald Pilmer      | ​ | Executive Vice President, Chief Lending Officer                               |
| Richard Gartelmann | ​ | Executive Vice President, Head of Wealth Management                           |

Introduction Our CD&A is organized as follows:

| ● | Overview and Executive Summary. We provide background context and financial and operational highlights that puts our overall disclosure into perspective. |

| ● | Objectives of Our Compensation Program. The objectives of our executive compensation program are based on our business model and the competitive pressures we face in attracting and retaining executive talent. We structure our executive compensation program to reflect our compensation philosophy and related operating principles. |

| ● | Elements of Compensation. The key components of our compensation program are base salary, annual cash incentive payments and long-term equity awards, with an emphasis on tying executive compensation to performance. |

| ● | Severance and Change in Control Arrangements. We provide certain severance benefits in the event of Mr. Eccher’s involuntary termination and “double-trigger” change in control benefits to each of our named executive officers. |

| ● | Compensation Process. Our executive compensation program is regularly reviewed by the Compensation Committee to ensure that we meet our compensation objectives and to ensure that our compensation program does not pose material risks to the Company. |

| ● | Analysis of 2024 Compensation. Decisions on 2024 compensation are analyzed and explained in the context of our compensation objectives and performance. |

| ● | Regulatory Considerations. We consider guidance established by the Federal Deposit Insurance Corporation (the “FDIC”) and other bank regulatory agencies, in addition to various other regulatory requirements, in making decisions about executive compensation. |

Overview and Executive Summary Business Overview.We provide lending, deposit, and trust services for businesses and individuals. We offer competitive commercial and personal banking products and are committed to providing superior customer service. We place a high priority on community service and are actively involved with many civic and community projects in the communities where we conduct our business. We operate in an intensely competitive and uncertain business environment. From a business perspective, not only do we compete with numerous companies in our markets for customers, but we also compete with many different types and sizes of organizations for senior leadership capable of executing our business strategies. Among other challenges, our business