secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001104659-24-053065
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

First Business Financial adjusts CEO and COO compensation for succession planning
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000110465924053065/0001104659-24-053065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000110465924053065/tm2412221d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-053065

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