secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001104659-23-047202
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

First Business Financial Services vests 2020 PRSUs at Superior level; CFO Sloane retired, Spielmann appointed
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- Compensation Committee determined 2020 PRSUs vested at 'Superior' TSR and ROAE performance levels.
- Shares vested: Corey Chambas 11,400; Edward Sloane 4,910; David Seiler 5,280; Mark Meloy 3,180; Bradley Quade 3,260.
- Edward G. Sloane Jr. retired as CFO effective April 1, 2023; Brian D. Spielmann named CFO same day.
- Brian Spielmann received 0 PRSU shares as he was not a named executive officer at time of 2020 grant.
- 2020 PRSUs were originally granted under the Long-Term Incentive Plan with a three-year performance period ending 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000110465923047202/0001104659-23-047202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000110465923047202/tm2313153d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-047202

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