Company: OSBC
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001558370-25-005000
Chunk: 87

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 87
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 2025) or abandon the proposal if it determines, in its sole discretion, based on market conditions, strategic considerations, or other relevant factors, that such action is in the best interests of the Company and its stockholders.​No Dissenters’ Rights​Under Section 262 of the Delaware General Corporation Law, our stockholders are not entitled to dissenters’ rights in connection with this Proposal 3 to amend our Certificate of Incorporation to increase the authorized number of shares of our common stock. Furthermore, we do not intend to independently provide our stockholders with any such rights.​Vote Required​As required by our Certificate of Incorporation, to be approved by our stockholders, this proposal to amend our Restated Certificate of Incorporation must receive the affirmative vote of 75% of the voting power of all outstanding shares of our common stock. If you fail to vote, mark “ABSTAIN” on your proxy card, or fail to instruct your bank or broker with respect to this proposal to amend our Restated Certificate of Incorporation, it will have the same effect as a vote “AGAINST” the proposal.​Recommendation of the Board of Directors​The Board unanimously recommends that stockholders vote “FOR” approval of the proposed amendment to Paragraph A of Article IV of our Certificate of Incorporation to increase our authorized shares of common stock from 60,000,000 to 120,000,000.​

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PROPOSAL 4: APPROVAL OF THE 2019 EQUITY INCENTIVE PLAN, AS AMENDED AND RESTATED TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE UNDER THE PLAN BY 800,000 SHARES, FROM 1,800,000 SHARES TO 2,600,000 SHARES At the annual meeting, our stockholders will be asked to approve the Old Second Bancorp, Inc. 2019 Equity Incentive Plan, as Amended and Restated (the “Restated Equity Incentive Plan”), which has been amended, subject to stockholder approval, to increase the number of shares of common stock authorized for issuance under the plan by 800,000 shares, from 1,800,000 shares to 2,600,000 shares. The Restated Equity Incentive Plan does not include any other amendments to the Old Second Bancorp, Inc. 2019 Equity Incentive Plan (the “2019 Equity Incentive Plan”), which was originally approved by our stockholders at our