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Compiled from SEC Form N-PX filings and FIRST BUSINESS FINANCIAL SERVICES INC.’s Form 8-K, filed May 1, 2024 (Item 5.07 on EDGAR). Page generated October 18, 2026.
Meeting of April 26, 2024: 5 items on FIRST BUSINESS FINANCIAL SERVICES INC.’s Form 8-K, filed May 1, 2024: 3 elected · 2 approved.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Explore FIRST BUSINESS FINANCIAL SERVICES INC. in the interactive database Compare manager voting policies
These tallies are FIRST BUSINESS FINANCIAL SERVICES INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 1, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Laurie S. Benson | 5,630,101 | -- | -- | 150,580 | 650,607 | 97% | Elected | — |
| Elect Director: Corey A. Chambas | 5,741,131 | -- | -- | 39,550 | 650,607 | 99.3% | Elected | — |
| Elect Director: John J. Harris | 5,720,312 | -- | -- | 60,369 | 650,607 | 99% | Elected | — |
| 2. Approval in a non-binding, advisory vote, of the compensation of the Company's named executive officers | 5,322,163 | 150,234 | 308,283 | -- | 650,607 | 97% | Approved | — |
| 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 | 6,373,538 | 40,883 | 16,687 | -- | 0 | 99.3% | Approved | — |
Source: FIRST BUSINESS FINANCIAL SERVICES INC., Form 8-K, filed with the SEC on May 1, 2024 — read the filing on EDGAR.
Each item below shows how the 141 asset managers that disclosed a FIRST BUSINESS FINANCIAL SERVICES INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.
Combines 3 wordings of this item as funds reported it.
99.3% Majority: yes · of votes cast
Description as filed by funds: Election of three Class II Directors: Corey C. Chambas
FIRST BUSINESS FINANCIAL SERVICES INC.’s own tally for this item (“Elect Director: Corey A. Chambas”): 5,741,131 for, 39,550 withheld, per its Form 8-K filed May 1, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the Company's shareholders voted as follows: (1) Election of the below-named nominees to the Board of Directors of the Company (the "Board"): The three nominees listed above were elected by a plurality to serve on the Board.”
Support: 99.3% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 52 asset managers below reported 2,190,870 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Dimensional | 464,381 | 0 | 0 | 0 | For |
| BlackRock | 360,541 | 0 | 0 | 0 | For |
| Vanguard | 349,378 | 0 | 0 | 0 | For |
| John Hancock | 249,423 | 0 | 0 | 0 | For |
| Fidelity | 150,855 | 0 | 0 | 0 | For |
| FRANKLIN VALUE INVESTORS TRUST | 130,500 | 0 | 0 | 0 | For |
| American Century | 66,119 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 45,400 | 0 | 0 | 0 | For |
| EA Series Trust | 40,030 | 0 | 0 | 0 | For |
| Federated Hermes | 35,085 | 0 | 0 | 0 | For |
| Northern Trust | 28,701 | 0 | 0 | 0 | For |
| Invesco | 24,342 | 0 | 0 | 0 | For |
| TIAA | 22,706 | 0 | 0 | 0 | For |
| HOTCHKIS & WILEY FUNDS /DE/ | 21,665 | 0 | 0 | 0 | For |
| Charles Schwab | 20,699 | 0 | 0 | 0 | For |
| Principal | 15,896 | 0 | 0 | 0 | For |
| Equitable | 15,563 | 0 | 0 | 0 | For |
| Prudential/PGIM | 14,364 | 0 | 0 | 0 | For |
| WisdomTree | 14,066 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,674 | 0 | 0 | 0 | For |
| SEI | 13,600 | 0 | 0 | 0 | For |
| Lincoln Financial | 11,696 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 10,742 | 0 | 0 | 0 | For |
| T. Rowe Price | 10,470 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 7,700 | 0 | 0 | 0 | For |
Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.
Combines 3 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: Election of three Class II Directors: John J. Harris
FIRST BUSINESS FINANCIAL SERVICES INC.’s own tally for this item (“Elect Director: John J. Harris”): 5,720,312 for, 60,369 withheld, per its Form 8-K filed May 1, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the Company's shareholders voted as follows: (1) Election of the below-named nominees to the Board of Directors of the Company (the "Board"): The three nominees listed above were elected by a plurality to serve on the Board.”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 52 asset managers below reported 2,190,846 for, 24 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Dimensional | 464,381 | 0 | 0 | 0 | For |
| BlackRock | 360,541 | 0 | 0 | 0 | For |
| Vanguard | 349,378 | 0 | 0 | 0 | For |
| John Hancock | 249,423 | 0 | 0 | 0 | For |
| Fidelity | 150,855 | 0 | 0 | 0 | For |
| FRANKLIN VALUE INVESTORS TRUST | 130,500 | 0 | 0 | 0 | For |
| American Century | 66,119 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 45,400 | 0 | 0 | 0 | For |
| EA Series Trust | 40,030 | 0 | 0 | 0 | For |
| Federated Hermes | 35,085 | 0 | 0 | 0 | For |
| Northern Trust | 28,701 | 0 | 0 | 0 | For |
| Invesco | 24,342 | 0 | 0 | 0 | For |
| TIAA | 22,706 | 0 | 0 | 0 | For |
| HOTCHKIS & WILEY FUNDS /DE/ | 21,665 | 0 | 0 | 0 | For |
| Charles Schwab | 20,699 | 0 | 0 | 0 | For |
| Principal | 15,896 | 0 | 0 | 0 | For |
| Equitable | 15,563 | 0 | 0 | 0 | For |
| Prudential/PGIM | 14,364 | 0 | 0 | 0 | For |
| WisdomTree | 14,066 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,674 | 0 | 0 | 0 | For |
| SEI | 13,600 | 0 | 0 | 0 | For |
| Lincoln Financial | 11,696 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 10,742 | 0 | 0 | 0 | For |
| T. Rowe Price | 10,470 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 7,700 | 0 | 0 | 0 | For |
Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.
Combines 3 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of three Class II Directors: Laurie S. Benson
FIRST BUSINESS FINANCIAL SERVICES INC.’s own tally for this item (“Elect Director: Laurie S. Benson”): 5,630,101 for, 150,580 withheld, per its Form 8-K filed May 1, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the Company's shareholders voted as follows: (1) Election of the below-named nominees to the Board of Directors of the Company (the "Board"): The three nominees listed above were elected by a plurality to serve on the Board.”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 52 asset managers below reported 2,080,497 for, 110,373 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Dimensional | 464,381 | 0 | 0 | 0 | For |
| BlackRock | 360,541 | 0 | 0 | 0 | For |
| Vanguard | 349,378 | 0 | 0 | 0 | For |
| John Hancock | 249,423 | 0 | 0 | 0 | For |
| Fidelity | 150,855 | 0 | 0 | 0 | For |
| FRANKLIN VALUE INVESTORS TRUST | 130,500 | 0 | 0 | 0 | For |
| American Century | 66,119 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 0 | 0 | 0 | 45,400 | Withhold |
| EA Series Trust | 0 | 0 | 0 | 40,030 | Withhold |
| Federated Hermes | 35,085 | 0 | 0 | 0 | For |
| Northern Trust | 28,701 | 0 | 0 | 0 | For |
| Invesco | 0 | 0 | 0 | 24,342 | Withhold |
| TIAA | 22,706 | 0 | 0 | 0 | For |
| HOTCHKIS & WILEY FUNDS /DE/ | 21,665 | 0 | 0 | 0 | For |
| Charles Schwab | 20,699 | 0 | 0 | 0 | For |
| Principal | 15,896 | 0 | 0 | 0 | For |
| Equitable | 15,563 | 0 | 0 | 0 | For |
| Prudential/PGIM | 14,364 | 0 | 0 | 0 | For |
| WisdomTree | 14,066 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,674 | 0 | 0 | 0 | For |
| SEI | 13,600 | 0 | 0 | 0 | For |
| Lincoln Financial | 11,696 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 10,742 | 0 | 0 | 0 | For |
| T. Rowe Price | 10,470 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 7,700 | 0 | 0 | 0 | For |
Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.
Combines 9 wordings of this item as funds reported it.
97% Approved · of votes cast
Description as filed by funds: TO APPROVE, IN A NON-BINDING, ADVISORY VOTE, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.
FIRST BUSINESS FINANCIAL SERVICES INC.’s own tally for this item (“2. Approval in a non-binding, advisory vote, of the compensation of the Company's named executive officers”): 5,322,163 for, 150,234 against — passed, per its Form 8-K filed May 1, 2024 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “This matter was approved by shareholders with 92% of shares voted cast in favor of the proposal.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Dimensional | 464,381 | 0 | 0 | 0 | For |
| BlackRock | 360,541 | 0 | 0 | 0 | For |
| Vanguard | 349,378 | 0 | 0 | 0 | For |
| John Hancock | 249,423 | 0 | 0 | 0 | For |
| Fidelity | 150,855 | 0 | 0 | 0 | For |
| FRANKLIN VALUE INVESTORS TRUST | 130,500 | 0 | 0 | 0 | For |
| American Century | 66,119 | 0 | 0 | 0 | For |
| RBB FUND, INC. | 0 | 0 | 53,989 | 0 | Abstain |
| BRIDGEWAY FUNDS INC | 45,400 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 40,030 | 0 | 0 | Against |
| Federated Hermes | 35,085 | 0 | 0 | 0 | For |
| Northern Trust | 28,701 | 0 | 0 | 0 | For |
| Invesco | 24,342 | 0 | 0 | 0 | For |
| TIAA | 22,706 | 0 | 0 | 0 | For |
| HOTCHKIS & WILEY FUNDS /DE/ | 21,665 | 0 | 0 | 0 | For |
| Charles Schwab | 20,699 | 0 | 0 | 0 | For |
| Principal | 15,896 | 0 | 0 | 0 | For |
| Equitable | 15,563 | 0 | 0 | 0 | For |
| Prudential/PGIM | 14,364 | 0 | 0 | 0 | For |
| WisdomTree | 14,066 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,674 | 0 | 0 | 0 | For |
| SEI | 13,600 | 0 | 0 | 0 | For |
| Lincoln Financial | 11,696 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 10,742 | 0 | 0 | 0 | For |
| T. Rowe Price | 10,470 | 0 | 0 | 0 | For |
Fund voting reports, all 54 managers: 2,151,559 for, 40,631 against, 53,989 abstained. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BANC FUNDS CO LLC | 457,725 | 0 | 0 | 0 | For |
| John Hancock | 277,550 | 0 | 0 | 0 | For |
| BlackRock | 238,859 | 0 | 0 | 0 | For |
| M3F, Inc. | 219,409 | 0 | 0 | 0 | For |
| FIRST BUSINESS FINANCIAL SERVICES, INC. | 202,743 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 159,105 | 0 | 0 | 0 | For |
| Renaissance | 148,915 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL ADVISERS LLC | 130,500 | 0 | 0 | 0 | For |
| AllianceBernstein | 117,362 | 0 | 0 | 0 | For |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 72,169 | 0 | 0 | 0 | For |
| LSV ASSET MANAGEMENT | 71,425 | 0 | 0 | 0 | For |
| American Century | 66,678 | 0 | 0 | 0 | For |
| Federated Hermes | 57,908 | 0 | 0 | 0 | For |
| Dimensional | 53,245 | 0 | 0 | 0 | For |
| Pacific Ridge Capital Partners, LLC | 0 | 0 | 50,976 | 0 | Abstain |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 45,400 | 0 | 0 | 0 | For |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 39,360 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 31,856 | 0 | 0 | 0 | For |
| T. Rowe Price | 30,728 | 0 | 0 | 0 | For |
| ACADIAN ASSET MANAGEMENT LLC | 29,474 | 0 | 0 | 0 | For |
| Invesco | 27,599 | 0 | 0 | 0 | For |
| Goldman Sachs | 27,548 | 0 | 0 | 0 | For |
| Nuveen | 23,004 | 0 | 0 | 0 | For |
| Charles Schwab | 20,699 | 0 | 0 | 0 | For |
| Riverwater Partners LLC | 14,335 | 0 | 0 | 0 | For |
Institutional-manager reports, all 104 managers: 2,724,742 for, 17,256 against, 50,976 abstained. Showing the 25 largest; see all in the interactive database.
Combines 3 wordings of this item as funds reported it.
99.3% Approved · of votes cast
Description as filed by funds: TO RATIFY THE APPOINTMENT OF CROWE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2024.
FIRST BUSINESS FINANCIAL SERVICES INC.’s own tally for this item (“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”): 6,373,538 for, 40,883 against — passed, per its Form 8-K filed May 1, 2024 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “This matter was approved by shareholders with 99% of shares voted cast in favor of the proposal.”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 53 asset managers below reported 2,152,160 for, 40,030 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Dimensional | 464,381 | 0 | 0 | 0 | For |
| BlackRock | 360,541 | 0 | 0 | 0 | For |
| Vanguard | 349,378 | 0 | 0 | 0 | For |
| John Hancock | 249,423 | 0 | 0 | 0 | For |
| Fidelity | 150,855 | 0 | 0 | 0 | For |
| FRANKLIN VALUE INVESTORS TRUST | 130,500 | 0 | 0 | 0 | For |
| American Century | 66,119 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 45,400 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 40,030 | 0 | 0 | Against |
| Federated Hermes | 35,085 | 0 | 0 | 0 | For |
| Northern Trust | 28,701 | 0 | 0 | 0 | For |
| Invesco | 24,342 | 0 | 0 | 0 | For |
| TIAA | 22,706 | 0 | 0 | 0 | For |
| HOTCHKIS & WILEY FUNDS /DE/ | 21,665 | 0 | 0 | 0 | For |
| Charles Schwab | 20,699 | 0 | 0 | 0 | For |
| Principal | 15,896 | 0 | 0 | 0 | For |
| Equitable | 15,563 | 0 | 0 | 0 | For |
| Prudential/PGIM | 14,364 | 0 | 0 | 0 | For |
| WisdomTree | 14,066 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,674 | 0 | 0 | 0 | For |
| SEI | 13,600 | 0 | 0 | 0 | For |
| Lincoln Financial | 11,696 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 10,742 | 0 | 0 | 0 | For |
| T. Rowe Price | 10,470 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 7,700 | 0 | 0 | 0 | For |
Showing the 25 largest of 53 asset managers. See all 53 in the interactive database.
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 8,306,573 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Dimensional | 5.59% |
| 2 | BlackRock | 4.34% |
| 3 | Vanguard | 4.21% |
| 4 | John Hancock | 3.00% |
| 5 | Fidelity | 1.82% |
| 6 | FRANKLIN VALUE INVESTORS TRUST | 1.57% |
| 7 | American Century | 0.80% |
| 8 | RBB FUND, INC. | 0.65% |
| 9 | BRIDGEWAY FUNDS INC | 0.55% |
| 10 | EA Series Trust | 0.48% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | BANC FUNDS CO LLC | 5.51% |
| 2 | John Hancock | 3.34% |
| 3 | BlackRock | 2.88% |
| 4 | M3F, Inc. | 2.64% |
| 5 | FIRST BUSINESS FINANCIAL SERVICES, INC. | 2.44% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 1.92% |
| 7 | Renaissance | 1.79% |
| 8 | FRANKLIN MUTUAL ADVISERS LLC | 1.57% |
| 9 | AllianceBernstein | 1.41% |
| 10 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 0.87% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| BlackRock | 10.62% | 13F |
| Dimensional Fund Advisors | 6.38% | 13F |
| Vanguard Group | 5.80% | 13F |
| The Banc Funds Company, L.L.C. | 5.52% | DEF14A |
| Geode Capital | 1.97% | 13F |
| Corey A. Chambas | 1.88% | DEF14A |
| Renaissance Technologies | 1.85% | 13F |
| Franklin Templeton | 1.62% | 13F |
| State Street | 1.51% | 13F |
| Northern Trust | 1.14% | 13F |
Percentages above are of 8,306,573 shares outstanding, as reported by FIRST BUSINESS FINANCIAL SERVICES INC. on its Form 10-Q dated March 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from FIRST BUSINESS FINANCIAL SERVICES INC.’s 10-Q dated March 31, 2024. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.
At FIRST BUSINESS FINANCIAL SERVICES INC.'s shareholder meeting held April 26, 2024, in the 2023-2024 proxy season, 141 asset managers reported how they voted on 5 ballot items in their SEC Form N-PX filings, covering 827 separate fund positions. On the most widely held item on that ballot — TO APPROVE, IN A NON-BINDING, ADVISORY VOTE, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE… — FIRST BUSINESS FINANCIAL SERVICES INC.'s filing reports the proposal as approved, with 97% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: FIRST BUSINESS FINANCIAL SERVICES INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 1, 2024.
FIRST BUSINESS FINANCIAL SERVICES INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.
Download data (CSV): ballot items · votes by manager · column guide.