David R. Seiler appointed President and CEO of First Business Financial Services

FIRST BUSINESS FINANCIAL SERVICES, INC.

Seiler appointed President & CEO effective May 3, 2026; also appointed to Board as Class III Director.
Base salary of at least $600,000; eligible for annual cash incentive and long-term incentive plans.
On May 16, 2026, receives RSU grant valued at $215,000, vesting over 5 years (15% annually first 4 years, 40% on 5th).
Severance: termination without cause or for good reason provides 2x salary, prorated target bonus, and 18 months COBRA.
Succeeds Corey A. Chambas, whose retirement was announced in May 2025; prior role was President & COO.

item 5.02item 9.01

Source: SEC EDGAR

accession 0001104659-26-058671

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