OLD SECOND BANCORP INC 8-K

What Happened Old Second Bancorp, Inc. announced that its Board authorized a new share repurchase program allowing the company to buy up to $61.2 million of additional common stock from July 1, 2026 through June 30, 2027. The company received a nonobjection from the Federal Reserve Bank of Chicago. The disclosure was filed on Form 8-K (Item 8.01) and signed by Bradley S. Adams (EVP, COO & CFO) on June 25, 2026.

Key Details

• Authorized repurchase amount: up to $61.2 million of additional common stock.
• Program period: July 1, 2026 through June 30, 2027.
• Regulatory status: Federal Reserve Bank of Chicago issued a nonobjection.
• Repurchase mechanics: may occur via open-market purchases, SEC-compliant trading plans, privately negotiated transactions, or other means; timing, quantity and price are at management’s discretion and repurchases are not guaranteed.

Why It Matters A board-authorized buyback gives the company flexibility to return capital to shareholders and can reduce shares outstanding if executed, which may support earnings per share. This filing only authorizes repurchases—it does not commit the company to buy shares and repurchases depend on market, legal and regulatory conditions and management’s decisions. Investors should view this as a potential capital-allocation option rather than a completed cash outlay.