Form 8-K

8-K — FIRST BUSINESS FINANCIAL SERVICES, INC.

Accession: 0001193125-26-191442

Filed: 2026-04-29

Period: 2026-04-24

CIK: 0001521951

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Submission of Matters to a Vote of Security Holders

Item: Financial Statements and Exhibits

Documents

8-K — fbiz-20260424.htm (Primary)

EX-99.1 (fbiz-ex99_1.htm)

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8-K

8-K (Primary)

Filename: fbiz-20260424.htm · Sequence: 1

8-K

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 24, 2026

First Business Financial Services, Inc.

(Exact name of Registrant as Specified in Its Charter)

Wisconsin

001-34095

39-1576570

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

401 Charmany Drive

Madison, Wisconsin

53719

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 608 238-8008

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

FBIZ

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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

This matter was approved by shareholders with 99% of shares voted cast in favor of the proposal.

Item 9.01

Financial Statements and Exhibits.

(a)

Not applicable

(b)

Not applicable

(c)

Not applicable

(d)

Exhibits. The following exhibits are being furnished herewith:

99.1 Slides from the 2026 Annual Meeting of Shareholders

104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

April 29, 2026

FIRST BUSINESS FINANCIAL SERVICES, INC.

By:

/s/ Brian D. Spielmann

Name:

Brian D. Spielmann

Title:

Chief Financial Officer

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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 business of First Business Financial Services, Inc. and the matters properly brought before the meeting. Unrelated questions will not be answered. Questions pertinent to the meeting matters that cannot be answered during the meeting due to time constraints will be answered and posted on the Company’s Investor Relations website. The questions and answers will be available as soon as practical after the meeting and will remain available until one week after posting. Unauthorized recording of the Annual Meeting is prohibited. A playback of the meeting will be posted on the Company’s Investor Relations website: https://ir.firstbusiness.bank/news-presentations/investor-presentations-reports/default.aspx

Proposals Election of Directors: Carla C. Chavarria Jerry L. Kilcoyne Daniel P. Olszewski Approve the First Business Financial Services, Inc. 2026 Equity Incentive Plan. Approve, on a non-binding advisory basis, the compensation the Company’s named executive officers. Ratify the appointment of Crowe, LLP as our independent registered public accounting firm for 2026.

Executive Officers Corey Chambas CEO, First Business Financial Services, Inc. Jodi Chandler Chief Human Resources Officer Niamh Kristufek President – Specialty Finance Dan Ovokaitys Chief Information Officer Brad Quade EVP & Chief Credit Officer Dave Seiler President and Chief Operating Officer Jim Hartlieb President and CEO, First Business Bank Laura Garcia Chief Risk Officer Brian Spielmann Chief Financial Officer

Director Retirement – April 24, 2026 Ralph R. Kauten As previously disclosed, Ralph R. Kauten will retire from the Company’s Board following the conclusion of the 2026 Annual Meeting of Shareholders. The Board wishes to express its gratitude for his dedicated service to the Board, the Company and our shareholders.

Leadership Transition – May 3, 2026 As previously disclosed, Dave Seiler, President and Chief Operating Officer of First Business Financial Services, Inc. has been appointed President and Chief Executive Officer effective May 3, 2026, succeeding Corey Chambas who has served as Chief Executive Officer since 2006.

Preliminary Results Elected Directors: Carla C. Chavarria Jerry L. Kilcoyne Daniel P. Olszewski Approved the First Business Financial Services, Inc. 2026 Equity Plan Approved, on a non-binding advisory basis, the compensation for the Company’s named executive officers. Ratified the appointment of Crowe, LLP as our independent registered public accounting firm for 2026.

Board of Directors Laurie S. Benson Carla C. Chavarria Corey A. Chambas Jerry L. Kilcoyne Daniel P. Olszewski W. Kent Lorenz Jason R. Graham David R. Seiler* *Effective May 3, 2026

Shareholder Questions Shareholders who entered the meeting using their control number may submit questions electronically by clicking on the Q&A icon in the upper right corner of the meeting center screen, entering their question and clicking the “send” button on the right to submit.

Additional Information Investor Relations Website: https://ir.firstbusiness.bank/investor-relations/default.aspx Contact Us: https://firstbusiness.bank/contact-us/

Thank you for attending the First Business Financial Services, Inc. 2026 Annual Meeting of Shareholders

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