Company: OSBC
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001558370-25-005000
Chunk: 83

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 83
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 person or by proxy at the annual meeting and entitled to vote on the proposal and will have the same effect as a vote “AGAINST” the proposal. A broker non-vote will not be considered entitled to vote on this proposal and will therefore have no effect on the outcome.While this say-on-pay vote is required, as provided in Section 14A of the Exchange Act, it is not binding on the Compensation Committee or our board of directors and may not be construed as overruling any decision by the Compensation Committee or our board. However, the Compensation Committee will take into account the outcome of the vote when considering future compensation arrangements.The board of directors recommends that you vote “FOR” this proposal.​

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<div align='center'>**PROPOSAL 3:

PROPOSED AMENDMENT TO OUR RESTATED CERTIFICATE OF INCORPORATION TO INCREASE AUTHORIZED SHARES OF COMMON STOCK**</div>

We are asking you to adopt an amendment to our Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”), to increase our authorized shares of common stock from 60,000,000 shares, par value $1.00 per share, to 120,000,000 shares, par value $1.00 per share. Our Board has unanimously approved, and recommends that all stockholders approve, the proposed amendment to Paragraph A of Article IV of the Certificate of Incorporation, to increase our authorized shares of common stock. The discussion regarding this proposal is qualified in its entirety by reference to the complete text of the proposed amendment to Paragraph A of Article IV of the Certificate of Incorporation, which is attached to this proxy statement as Appendix A and incorporated herein by reference. We urge you to read carefully this proposed amendment to Paragraph A of Article IV that is set forth in Appendix A in its entirety because this summary may not contain all the information about this amendment that is important to you.

Background of Proposal

Our Certificate of Incorporation presently authorizes the issuance 60,300,000 shares of capital stock, of which 300,000 shares are designated as preferred stock, par value $1.00 per share, and 60,000,000 shares are designated as common stock, par value $1.00 per share. Our Board has unanimously adopted a resolution setting forth an amendment to our Certificate of Incorporation to increase the number of authorized shares of our capital stock to 120,300,000 shares of capital stock, of which 300,000 shares continue to be designated as