---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-053065"
form_type: "8-K"
ticker: "FBIZ"
cik: "0001521951"
company_name: "FIRST BUSINESS FINANCIAL SERVICES, INC."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:26:16.306566+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# First Business Financial adjusts CEO and COO compensation for succession planning

## Summary
- President/COO David Seiler base salary increased from $392,813 to $455,000 per year, effective May 1, 2024.
- Seiler's long-term incentive target raised from 35% to 40% of base salary, effective May 1, 2024.
- CEO Corey Chambas base salary decreased from $640,000 to $512,000 per year, effective May 1, 2024.
- Changes reflect ongoing shifts in responsibilities as part of succession planning.

## SEC filing metadata
- accession: 0001104659-24-053065
- form_type: 8-K
- ticker: FBIZ
- cik: 0001521951
- company_name: FIRST BUSINESS FINANCIAL SERVICES, INC.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521951/000110465924053065/0001104659-24-053065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521951/000110465924053065/tm2412221d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-053065
- JSON: https://secwatch.observer/filing/0001104659-24-053065.json
- Plain text: https://secwatch.observer/filing/0001104659-24-053065.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.