Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Old Second Bancorp (OSBC) has shared an announcement.
Old Second Bancorp, Inc. has entered into a new employment agreement with Mr. Gary Collins, where he will remain Vice Chairman but transition to focusing on strategic objectives. His initial annual salary is $394,012.30, adjusting to $300,000 from July 1, 2024, with potential merit increases and a 50% target bonus. The agreement includes severance benefits, equity award vesting, and health insurance provisions under certain termination conditions. Mr. Collins has agreed to confidentiality and non-solicitation restrictions, and to forgo double severance benefits in the event of overlapping entitlements from different agreements.
For an in-depth examination of OSBC stock, go to TipRanks’ Stock Analysis page.