FBIZ amends bylaws shifting powers to CEO; shareholders re-elect Lorenz, approve say-on-pay

FIRST BUSINESS FINANCIAL SERVICES, INC.

Bylaws amended to give CEO authority to call special shareholder/board meetings and sign stock certificates, replacing President.
W. Kent Lorenz re-elected to board with 98% of votes cast (5.6M for, 92K withheld).
Non-binding advisory vote on named executive officer compensation approved with 97% support (5.5M for).
Shareholders chose annual frequency for say-on-pay votes; 85% voted for 1 year, 11% for 3 years.
Crowe LLP ratified as independent auditor for FY2025 with 98% of shares voted in favor.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FIRST BUSINESS FINANCIAL SERVICES, INC.: Amended By-Laws to transfer authority from President to CEO for calling shareholder and board meetings, signing stock certificates, and revised meeting chairperson provisions (effective 2025-04-25).

Change: bylaw amendment
Effective: 2025-04-25

Exact text from the filing

Effective April 25, 2025, the Board of Directors (the “Board”) of First Business Financial Services, Inc. (the “Company”) approved certain amendments to the Company’s Amended and Restated By-Laws (the “By-Laws”) in light of the Company’s current leadership structure.

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FIRST BUSINESS FINANCIAL SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-25-062084

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