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In a recent filing with the U.S. Securities and Exchange Commission, Old Second Bancorp Inc. (NASDAQ:OSBC) reported the outcomes of the votes from its Annual Meeting of Stockholders held on May 20, 2025. The meeting saw a strong turnout with approximately 83.83% of eligible shares represented.
Stockholders elected four Class III directors, Edward Bonifas, Gary Collins, Keith Kotche, and Jill York, to serve until the 2028 term. Additionally, five proposals were voted on, with the following results:
1. The election of directors was approved with a majority of votes cast in favor of each nominee.
2. The non-binding advisory vote on executive compensation, also known as the "say-on-pay" vote, passed with a significant majority.
3. An amendment to increase authorized common stock from 60 million to 120 million shares was approved.
4. The approval to amend and restate the 2019 Equity Incentive Plan, increasing the number of authorized shares by 800,000, was passed.
5. The frequency of future stockholder advisory votes on executive compensation was set to occur every year.
6. Lastly, the ratification of Plante & Moran, PLLC as the independent registered public accounting firm for the year ended December 31, 2025, was approved with a vast majority.
This SEC filing provides a transparent overview of the company’s governance and shareholder decisions. The full details of the voting results are available in the company’s Definitive Proxy Statement.
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