FIRST BUSINESS FINANCIAL SERVICES, INC. — fact timeline

Scott M. Ferris was appointed as Class III Director at FIRST BUSINESS FINANCIAL SERVICES, INC..

“appointed Mr. Scott M. Ferris as a Class III Director to fill the vacancy created by this increase.”

David R. Seiler was appointed as Class III Director at FIRST BUSINESS FINANCIAL SERVICES, INC..

“Mr. Seiler was appointed to the Company’s Board of Directors effective May 3, 2026.”

David R. Seiler was appointed as President and Chief Executive Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“the Board of Directors of First Business Financial Services, Inc. (the "Company") appointed David R. Seiler as President and Chief Executive Officer of the Company, effective May 3, 2026.”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended March 31, 2026 results: net income net income available to common shareholders of $12.0 million, EPS earnings per share ("EPS") of $1.44.

“First Business Financial Services, Inc. (the "Company", the "Bank", or "First Business Bank") (Nasdaq: FBIZ) reported quarterly net income available to common shareholders of $12.0 million, or earnings per share ("EPS") of $1.44.”

Jason R. Graham was appointed as Class II Director at FIRST BUSINESS FINANCIAL SERVICES, INC..

“appointed Mr. Jason R. Graham as a Class II Director to fill the vacancy created by this increase.”

Corey Chambas retired as Chief Executive Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“On May 2, 2025, Corey Chambas, Chief Executive Officer of First Business Financial Services, Inc. (the “Company”), notified the Company of his intention to retire from his role effective May 2, 2026.”

FIRST BUSINESS FINANCIAL SERVICES, INC.: Amended By-Laws to transfer authority from President to CEO for calling shareholder and board meetings, signing stock certificates, and revised meeting chairperson provisions (effective 2025-04-25).

“Effective April 25, 2025, the Board of Directors (the “Board”) of First Business Financial Services, Inc. (the “Company”) approved certain amendments to the Company’s Amended and Restated By-Laws (the “By-Laws”) in light of the Company’s current leadership structure.”

Mark J. Meloy departed as Executive Vice President at FIRST BUSINESS FINANCIAL SERVICES, INC..

“On May 1, 2024, Mark J. Meloy, Executive Vice President of First Business Financial Services, Inc. (the “Company”), notified the Company of his intention to retire effective on or about May 1, 2025.”

FIRST BUSINESS FINANCIAL SERVICES, INC. shareholders approved Ratification of the appointment of Crowe LLP as the independent registered public accounting firm for the year ending December 31, 2024 at the 2024-04-26 meeting.

“(3) Ratification of the appointment of Crowe LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2024. Votes For Votes Against Abstentions Broker Non-Votes 6,373,538 40,883 16,687 0”

FIRST BUSINESS FINANCIAL SERVICES, INC. shareholders approved Approval in a non-binding advisory vote of the compensation of the Company’s named executive officers at the 2024-04-26 meeting.

“(2) Approval in a non-binding, advisory vote, of the compensation of the Company’s named executive officers. Votes For Votes Against Abstentions Broker Non-Votes 5,322,163 150,234 308,283 650,607”

FIRST BUSINESS FINANCIAL SERVICES, INC. shareholders approved Election of three Class II directors at the 2024-04-26 meeting.

“Election of the below-named nominees to the Board of Directors of the Company (the “Board”): Nominees Votes For Votes Withheld Broker Non-Votes Laurie S. Benson 5,630,101 150,580 650,607 Corey A. Chambas 5,741,131 39,550 650,607 John J. Harris 5,720,312 60,369 650,607”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported financial results for the quarter ended March 31, 2024.

“On April 25, 2024, First Business Financial Services, Inc. (the “Company”) announced its earnings for the quarter ended March 31, 2024.”

Mark D. Bugher departed as Director at FIRST BUSINESS FINANCIAL SERVICES, INC..

“On January 25, 2024, Mark D. Bugher provided First Business Financial Services, Inc. (the “Company”) with notice of his intention to retire from the Company’s Board of Directors (the “Board”) effective as of the conclusion of the 2024 Annual Meeting of Shareholders, which is expected to be held on or about April 26, 2024.”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported the quarter ended December 31, 2023 results: net income $9.6 million, EPS $1.15 on a diluted basis.

“First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $9.6 million, or earnings per share of $1.15 on a diluted basis.”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported the quarter ended September 30, 2023 results: net income $9.7 million, EPS $1.17 on a diluted basis.

“First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $9.7 million, or earnings per share of $1.17 on a diluted basis.”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported the quarter ended June 30, 2023 results: net income $8.1 million, EPS $0.98 diluted earnings per share.

“First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $8.1 million, or $0.98 diluted earnings per share.”

FIRST BUSINESS FINANCIAL SERVICES, INC. shareholders approved Ratification of the appointment of Crowe LLP as the independent registered public accounting firm for the year ending December 31, 2023 at the 2023-04-28 meeting.

“(4) Ratification of the appointment of Crowe LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2022. Votes For Votes Against Abstentions Broker Non-Votes 6,452,067 31,378 25,083 0”

FIRST BUSINESS FINANCIAL SERVICES, INC. shareholders approved Non-binding advisory vote on the compensation of the Company’s named executive officers at the 2023-04-28 meeting.

“(3) Approval in a non-binding, advisory vote, of the compensation of the Company’s named executive officers. Votes For Votes Against Abstentions Broker Non-Votes 5,581,211 133,981 238,041 555,295”

FIRST BUSINESS FINANCIAL SERVICES, INC. shareholders approved Approval of an amendment to the First Business Financial Services, Inc. 2019 Equity Incentive Plan at the 2023-04-28 meeting.

“(2) Act upon a proposal to approve an amendment to the First Business Financial Services, Inc. 2019 Equity Incentive Plan. Votes For Votes Against Abstentions Broker Non-Votes 5,608,824 328,730 15,679 555,295”

FIRST BUSINESS FINANCIAL SERVICES, INC. shareholders approved Election of four Class I directors at the 2023-04-28 meeting.

“(1) Election of the below-named nominees to the Board of Directors of the Company (the “Board”): Nominees Votes For Votes Withheld Broker Non-Votes Carla C. Chavarria 5,789,962 163,272 555,295 Ralph R. Kauten 5,896,142 57,092 555,295 Gerald L. Kilcoyne 5,861,145 92,089 555,295 Daniel P. Olszewski 5,817,317 135,917 555,295”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported first quarter 2023 results: net income $8.8 million, EPS $1.05 diluted earnings per share.

“FIRST BUSINESS BANK REPORTS FIRST QUARTER 2023 NET INCOME OF $8.8 MILLION -- Strong and stable performance supported by robust growth in loans, deposits, and pre-tax, pre-provision income -- MADISON, Wis., April 27, 2023 (BUSINESS WIRE) -- First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $8.8 million, or $1.05 diluted earnings per share.”

Brian D. Spielmann was named as Chief Financial Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“Mr. Spielmann was named Chief Financial Officer on April 1, 2023 and was not a Named Executive Officer at the time of the 2020 Grant.”

Edward G. Sloane Jr. retired as Chief Financial Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“Mr. Sloane retired from his role as the Company’s Chief Financial Officer, Principal Financial Officer and Treasurer effective April 1, 2023.”

Kevin D. Crampton was appointed as Chief Accounting Officer and Principal Accounting Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“On April 1, 2023, the Board appointed Kevin D. Crampton, the Company’s Senior Director of Accounting, as the Company’s Chief Accounting Officer and Principal Accounting Officer effective as of the date of Mr. Spielmann’s appointment to Chief Financial Officer.”

Edward G. Sloane, Jr. departed as Chief Financial Officer, Principal Financial Officer and Treasurer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“In conjunction with Mr. Spielmann’s appointment and as previously announced, Mr. Edward G. Sloane, Jr. will cease serving as the Company’s Chief Financial Officer, Principal Financial Officer and Treasurer effective April 1, 2023.”

Brian D. Spielmann was appointed as Chief Financial Officer, Principal Financial Officer and Treasurer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“Effective April 1, 2023, the Board of Directors (the “Board”) of First Business Financial Services, Inc. (the “Company”) has appointed Brian D. Spielmann to serve as the Company’s Chief Financial Officer, Principal Financial Officer and Treasurer.”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported full year 2021 results: net income $35.8 million, EPS $4.17.

“For the full year 2022, the Company reported net income available to common shareholders of $40.2 million, or $4.75 per share, compared to $35.8 million, or $4.17 per share, in 2021.”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported full year 2022 results: net income $40.2 million, EPS $4.75.

“For the full year 2022, the Company reported net income available to common shareholders of $40.2 million, or $4.75 per share, compared to $35.8 million, or $4.17 per share, in 2021.”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended December 31, 2021 results: net income $8.6 million, EPS $1.01.

“This compares to net income available to common shareholders of $10.6 million, or $1.25 per share, in the third quarter of 2022 and $8.6 million, or $1.01 per share, in the fourth quarter of 2021.”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended September 30, 2022 results: net income $10.6 million, EPS $1.25.

“This compares to net income available to common shareholders of $10.6 million, or $1.25 per share, in the third quarter of 2022”

FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended December 31, 2022 results: net income $9.9 million, EPS $1.18.

“First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $9.9 million, or $1.18 diluted earnings per share.”

James E. Hartlieb was appointed as Director of First Business Bank Board at FIRST BUSINESS FINANCIAL SERVICES, INC..

“James E. Hartlieb has been named President and Chief Executive Officer of First Business Bank and appointed as a Director of the First Business Bank Board of Directors.”

James E. Hartlieb was named as President and Chief Executive Officer of First Business Bank at FIRST BUSINESS FINANCIAL SERVICES, INC..

“James E. Hartlieb has been named President and Chief Executive Officer of First Business Bank and appointed as a Director of the First Business Bank Board of Directors.”

Mark J. Meloy changed role as Executive Vice President at FIRST BUSINESS FINANCIAL SERVICES, INC..

“Mark J. Meloy, who joined the Company in 2000 and most recently served as Chief Executive Officer of First Business Bank, has been promoted to Executive Vice President of the Company;”

David R. Seiler was named as President and Chief Operating Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“David R. Seiler, Chief Operating Officer of the Company since April 2016, was named President and Chief Operating Officer of the Company;”

Brian D. Spielmann was appointed as Chief Financial Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“The Company plans to appoint Brian D. Spielmann, the Company’s Chief Accounting Officer, to succeed Mr. Sloane as the Company’s Chief Financial Officer upon Mr. Sloane’s retirement.”

Edward G. Sloane, Jr. departed as Chief Financial Officer at FIRST BUSINESS FINANCIAL SERVICES, INC..

“On May 18, 2022, Edward G. Sloane, Jr., Chief Financial Officer of First Business Financial Services, Inc. (the “Company”), notified the Company that he intends to retire on March 31, 2023.”