secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001104659-23-040861
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Business Financial Services appoints Brian Spielmann as CFO; Edward Sloane Jr. transitions to consultant
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- Brian D. Spielmann named CFO effective April 1, 2023; base salary $275,000; eligible for bonus target of 35%.
- Edward G. Sloane Jr. steps down as CFO on April 1 and enters consulting agreement at $6,250/month through March 31, 2024.
- Kevin D. Crampton appointed Chief Accounting Officer and Principal Accounting Officer as of April 1, 2023.
- Spielmann enters Change in Control Agreement providing 2x base salary severance plus target bonus and COBRA coverage for 18 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000110465923040861/0001104659-23-040861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000110465923040861/tm2311209d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-040861

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