OLD SECOND BANCORP INC 8-K

What Happened

• Old Second Bancorp, Inc. announced that its Board authorized a repurchase program allowing the company to buy up to $43.9 million of its common stock. The company received a nonobjection from the Federal Reserve Bank of Chicago (letter dated January 8, 2026). The 8-K was filed January 29, 2026.

Key Details

• Repurchase amount authorized: up to $43.9 million of common stock.
• Federal Reserve nonobjection: letter dated January 8, 2026; repurchases after December 31, 2026 would require further Fed non‑objection or approval.
• Methods allowed: open market purchases, SEC-compliant trading plans, privately negotiated transactions, or other means at management’s discretion.
• Company is not obligated to repurchase shares; timing, amounts and prices depend on market conditions and regulatory limits.

Why It Matters

• A share repurchase can reduce shares outstanding and may support per-share metrics (e.g., earnings per share) and potentially the stock price, depending on execution. Investors should note the program’s size ($43.9M), the Federal Reserve’s nonobjection, and that repurchases are discretionary and subject to market, legal and regulatory conditions.