Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On April 24, 2026, the Company held its Annual Meeting of Shareholders (the “Annual Meeting”) to: (1) elect three Class I director nominees to hold office until the 2029 annual meeting of shareholders and until their successors are duly elected and qualified; (2) to act upon a proposal to approve the First Business Financial Services, Inc.…
First Business Bank® specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC®. First Business Bank is a wholly owned subsidiary of First Business Financial Services, Inc®. (Nasdaq: FBIZ). For additional information, visit firstbusiness.bank.
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Item 5.07Item 5.07 - Submission of Matters to Vote
Item 5.07. Submission of Matters to a Vote of Security Holders.
On April 24, 2026, the Company held its Annual Meeting of Shareholders (the “Annual Meeting”) to: (1) elect three Class I director nominees to hold office until the 2029 annual meeting of shareholders and until their successors are duly elected and qualified; (2) to act upon a proposal to approve the First Business Financial Services, Inc. 2026 Equity Incentive Plan; (3) approve in a non-binding advisory vote, the compensation of the Company’s named executive officers; and (4) ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026.
Of the aggregate 8,325,376 shares of the Company’s common stock issued and outstanding as of the close of business on the record date, February 18, 2026, 6,628,094 shares or 80% were represented in person or by proxy at the Annual Meeting.
At the Annual Meeting, the Company’s shareholders voted as follows:
(1)
Election of the below-named nominees to the Board:
Nominees Votes For Votes Withheld Broker Non-Votes
────────────────────────────────────────────────────────────────────────────────
Carla C. Chavarria 5,529,154 280,292 818,648
Jerry L. Kilcoyne 5,689,188 120,258 818,648
Daniel P. Olszewski 5,696,854 112,592 818,648
The nominees listed above were elected by a plurality to serve on the Board. Further, the nominees received in excess of 95% of the shares voted in favor of their election.
(2)
To act upon a proposal to approve the First Business Financial Services, Inc. 2026 Equity Incentive Plan.
Votes For Votes Against Abstentions Broker Non-Votes
───────────────────────────────────────────────────────────────────────
5,572,057 155,880 81,509 818,648
This matter was approved by shareholders with 96% of shares voted cast in favor of the proposal.
(3)
Approval in a non-binding, advisory vote, of the compensation of the Company’s named executive officers.
Votes For Votes Against Abstentions Broker Non-Votes
───────────────────────────────────────────────────────────────────────
5,506,342 130,245 172,858 818,648
This matter was approved by shareholders with 95% of shares voted cast in favor of the proposal.
(4)
Ratification of the appointment of Crowe LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2026.
Votes For Votes Against Abstentions Broker Non-Votes
───────────────────────────────────────────────────────────────────────
6,533,632 31,659 62,803 0
This matter was approved by shareholders with 99% of shares voted cast in favor of the proposal.
Filed exhibits (1)
EX-99.1 (by filename) fbiz-ex99_1.htm
EX-99.1
2
fbiz-ex99_1.htm
EX-99.1
The meeting will begin promptly at 10:00 a.m. CDT on Friday, April 24, 2026 First Business Financial Services, Inc. 2026 Annual Meeting of Shareholders To submit questions and/or vote during the Annual Meeting, you will need your voter control number that is printed in the shaded bar located on your Notice of Annual Meeting of Shareholders or on your proxy card.
Welcome to the First Business Financial Services, Inc. 2026 Annual Meeting of Shareholders
Agenda Annual Shareholder Meeting Q&A Session Shareholders who entered the meeting using their control number may submit questions by clicking on the “Q&A” icon in the upper right corner of meeting center screen as seen in the example below, entering their question and clicking the “send button on the right to submit. Questions will be answered during the Q&A Session following the conclusion of the Annual Shareholder Meeting.
Rules of Conduct Guidelines for questions: Questions pertinent to Annual Meeting matters will be answered during the meeting, subject to time constraints. Questions that are similar may be grouped together and answered once. Questions should be directly related to the busi…
