Company: OSBC
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001558370-25-004277
Chunk: 7

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 7
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 of Incorporation to increase our authorized shares of common stock must receive the affirmative vote of 75% of the voting power of all outstanding shares of our common stock, |

| ● | Proposal 5: The increase of authorized shares of common stock for issuance to our 2019 Equity Incentive Plan, as Amended and Restated, requires the approval of a majority of the shares having voting power present in person or represented by proxy at the annual meeting, and |

| ● | Proposal 6:  The ratification of Plante & Moran, PLLC as our independent registered public accounting firm for 2025 requires the approval of a majority of the shares having voting power present in person or represented by proxy at the annual meeting. |

For Proposals 1, 2, 5 and 6, this means that the number of votes cast “FOR” each proposal must exceed the number of votes cast “AGAINST” and/or “ABSTAIN” with respect to that proposal. This includes the proposal regarding the election of directors in accordance with the policy of majority voting in uncontested director elections set forth in our bylaws. Broker non-votes will not affect the outcome of voting on a particular proposal, other than the proposal to amend our certificate of incorporation or the election of directors, but abstentions will have the effect of a vote against the applicable proposal or director. Broker non-votes will have the effect of a vote against the proposal to amend our Certificate of Incorporation.

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Please note that, because the say-on-pay and say-on-frequency votes are advisory, they will not be binding upon our board of directors or our Compensation Committee.

All valid proxies that we receive will be voted in accordance with the instructions indicated in such proxies. As noted above, if you hold your shares in street name through a broker and you do not give voting instructions, your broker is not permitted to vote your shares on any proposal other than Proposal 6, which is the only routine proposal on the agenda. If no instructions are indicated in an otherwise properly executed proxy, it will be voted “FOR” each of the Class III director nominees named in this proxy statement, “FOR” the say-on-pay proposal, “EVERY YEAR” for the say-on-frequency proposal, “FOR” the increase in authorized shares of common stock under our Certificate of Incorporation, “FOR” the increase of shares of common stock for issuance under the Restated Equity Incentive Plan and “FOR” the ratification of Plante & Moran, PLL