secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0000950170-25-062084
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000095017025062084/0000950170-25-062084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000095017025062084/fbiz-20250425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-062084

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer