Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 112

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 112
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 efforts to maintain in effect, for a period of six years after the effective time, Bancorp Financial’s existing directors’ and officers’ liability insurance policy (or a substitute policy with at least the same coverage and terms no less favorable to the insured, provided that there is no gap in coverage) with respect to claims arising from events occurring before the effective time. However, the surviving corporation is not required to spend more than 300% of the current aggregate annual premium for such policy. If the cost exceeds this amount, the surviving corporation must use its reasonable best efforts to obtain the most advantageous policy available for a premium equal to that amount.

Alternatively, Old Second or Bancorp Financial (in consultation with Old Second) may procure a six-year “tail” prepaid policy with equivalent coverage prior to the effective time, and if such tail policy is purchased, Old Second and the surviving entity will have no further obligations with respect to such insurance other than to maintain that policy.

#### Corporate Governance
After the effective time, Old Second will increase the size of its board of directors by one and appoint Darin Campbell to serve as a Class I director of Old Second and Old Second will nominate Mr. Campbell to stand for election for a three-year term as a Class I director at Old Second’s 2026 annual meeting of stockholders. Also, after the effective time of the bank merger, Old Second National Bank will increase the size of its board of directors by two and appoint Mr. Campbell and Jill Voss to serve as directors of Old Second National Bank and will nominate Mr. Campbell and Ms. Voss to stand for election as bank directors for a one-year term at the bank’s 2026 annual meeting, and Old Second has agreed to vote to elect Mr. Campbell and Ms. Voss for such one-year term. The appointment of Mr. Campbell and Ms. Voss to the respective boards of directors of Old Second or Old Second National Bank are subject to the respective bylaws of Old Second and Old Second National Bank, must be reasonably acceptable to the Corporate Governance and Nominating Committee of the board of directors of Old Second and Old Second National Bank, and the satisfaction and compliance with the requirements regarding service as a member of the board of directors under applicable law and the policies and procedures of Old Second and Old Second National Bank.

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There will be no change in the executive officers of Old Second or Old Second National Bank following the consummation of the merger, other than Darin