Old Second Bancorp CEO William Skoglund's 2008 pay slips 2% to $721K

Old Second Bancorp reports 2008 executive compensation

By ExecPay News

Published: March 24, 2009

Old Second Bancorp reported fiscal year 2008 executive compensation information on March 24, 2009.
In 2008, four executives at Old Second Bancorp received on average a compensation package of $451K, a 4% increase compared to previous year.
Average pay of disclosed executives at Old Second Bancorp
William B. Skoglund, Chief Executive Officer, received $721K in total, which decreased by 2% compared to 2007. 69% of Skoglund's compensation, or $495K, was in salary. Skoglund also received $160K in option awards and $66K in other compensation.
James Eccher, President — Old Second National Bank, received a compensation package of $406K, which increased by 11% compared to previous year. 71% of the compensation package, or $290K, was in salary.
Rodney Sloan, Chief Risk Officer of Old Second and Senior Vice President Commercial Lending of Old Second National Bank, earned $342K in 2008, a 19% increase compared to previous year.
J. Douglas Cheatham, Chief Financial Officer, received $333K in 2008, which decreases by 2% compared to 2007.

Related executives

William Skoglund

Old Second Bancorp

Chief Executive Officer

J Cheatham

Old Second Bancorp

Chief Financial Officer

James Eccher

Old Second Bancorp

Chief Executive Officer

Rodney Sloan

Old Second Bancorp

Chief Risk Officer of Old Second and Senior Vice President Commercial Lending of Old Second National Bank

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Source: SEC filing on March 24, 2009.