secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K/A
Filed at:   2026-05-11T20:19:06+00:00
Accession:  0001104659-26-058671
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000110465926058671/0001104659-26-058671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000110465926058671/tm2614120d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-058671

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