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FIRST BUSINESS FINANCIAL SERVICES INC. 2023-2024 Proxy Voting Records

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.

  • 5Ballot items
  • 141Asset managers
  • 827Fund votes
  • April 26, 2024Meeting date

Results at a glance

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.

Material dissent

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

Proxy season: 2023-2024 2024-2025 2025-2026

Explore FIRST BUSINESS FINANCIAL SERVICES INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by FIRST BUSINESS FINANCIAL SERVICES INC.

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.

FIRST BUSINESS FINANCIAL SERVICES INC. — official shareholder meeting results, meeting held April 26, 2024
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Laurie S. Benson 5,630,101---- 150,580650,607 97%Elected—
Elect Director: Corey A. Chambas 5,741,131---- 39,550650,607 99.3%Elected—
Elect Director: John J. Harris 5,720,312---- 60,369650,607 99%Elected—
2. Approval in a non-binding, advisory vote, of the compensation of the Company's named executive officers 5,322,163150,234308,283 --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 6,373,53840,88316,687 --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.

How asset managers voted at the FIRST BUSINESS FINANCIAL SERVICES INC. 2023-2024 meeting

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.

1. Elect Director: Corey A. Chambas

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 5,741,131WITHHELD: 39,550
Details: description as filed, official tally, votes by 52 asset managers

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.

FOR
FOR: 2,190,870
Largest asset managers voting on “Election of three Class II Directors: Corey C. Chambas” at FIRST BUSINESS FINANCIAL SERVICES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional464,3810 00For
BlackRock360,5410 00For
Vanguard349,3780 00For
John Hancock249,4230 00For
Fidelity150,8550 00For
FRANKLIN VALUE INVESTORS TRUST130,5000 00For
American Century66,1190 00For
BRIDGEWAY FUNDS INC45,4000 00For
EA Series Trust40,0300 00For
Federated Hermes35,0850 00For
Northern Trust28,7010 00For
Invesco24,3420 00For
TIAA22,7060 00For
HOTCHKIS & WILEY FUNDS /DE/21,6650 00For
Charles Schwab20,6990 00For
Principal15,8960 00For
Equitable15,5630 00For
Prudential/PGIM14,3640 00For
WisdomTree14,0660 00For
QUANTITATIVE MASTER SERIES LLC13,6740 00For
SEI13,6000 00For
Lincoln Financial11,6960 00For
Columbia Threadneedle10,7420 00For
T. Rowe Price10,4700 00For
RBC FUNDS TRUST7,7000 00For

Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.

2. Elect Director: John J. Harris

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 5,720,312WITHHELD: 60,369
Details: description as filed, official tally, votes by 52 asset managers

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.

FOR
FOR: 2,190,846WITHHOLD: 24
Largest asset managers voting on “Election of three Class II Directors: John J. Harris” at FIRST BUSINESS FINANCIAL SERVICES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional464,3810 00For
BlackRock360,5410 00For
Vanguard349,3780 00For
John Hancock249,4230 00For
Fidelity150,8550 00For
FRANKLIN VALUE INVESTORS TRUST130,5000 00For
American Century66,1190 00For
BRIDGEWAY FUNDS INC45,4000 00For
EA Series Trust40,0300 00For
Federated Hermes35,0850 00For
Northern Trust28,7010 00For
Invesco24,3420 00For
TIAA22,7060 00For
HOTCHKIS & WILEY FUNDS /DE/21,6650 00For
Charles Schwab20,6990 00For
Principal15,8960 00For
Equitable15,5630 00For
Prudential/PGIM14,3640 00For
WisdomTree14,0660 00For
QUANTITATIVE MASTER SERIES LLC13,6740 00For
SEI13,6000 00For
Lincoln Financial11,6960 00For
Columbia Threadneedle10,7420 00For
T. Rowe Price10,4700 00For
RBC FUNDS TRUST7,7000 00For

Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.

3. Elect Director: Laurie S. Benson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 5,630,101WITHHELD: 150,580
Details: description as filed, official tally, votes by 52 asset managers

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.

FOR
FOR: 2,080,497WITHHOLD: 110,373
Largest asset managers voting on “Election of three Class II Directors: Laurie S. Benson” at FIRST BUSINESS FINANCIAL SERVICES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional464,3810 00For
BlackRock360,5410 00For
Vanguard349,3780 00For
John Hancock249,4230 00For
Fidelity150,8550 00For
FRANKLIN VALUE INVESTORS TRUST130,5000 00For
American Century66,1190 00For
BRIDGEWAY FUNDS INC00 045,400Withhold
EA Series Trust00 040,030Withhold
Federated Hermes35,0850 00For
Northern Trust28,7010 00For
Invesco00 024,342Withhold
TIAA22,7060 00For
HOTCHKIS & WILEY FUNDS /DE/21,6650 00For
Charles Schwab20,6990 00For
Principal15,8960 00For
Equitable15,5630 00For
Prudential/PGIM14,3640 00For
WisdomTree14,0660 00For
QUANTITATIVE MASTER SERIES LLC13,6740 00For
SEI13,6000 00For
Lincoln Financial11,6960 00For
Columbia Threadneedle10,7420 00For
T. Rowe Price10,4700 00For
RBC FUNDS TRUST7,7000 00For

Showing the 25 largest of 52 asset managers. See all 52 in the interactive database.

4. 2. Approval in a non-binding, advisory vote, of the compensation of the Company's named executive officers

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 9 wordings of this item as funds reported it.

97% Approved · of votes cast

FOR 97%
FOR: 5,322,163AGAINST: 150,234
Details: description as filed, official tally, votes by 141 asset managers

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).

Fund voting reports: 54 asset managers voting on “TO APPROVE, IN A NON-BINDING, ADVISORY VOTE, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.” at FIRST BUSINESS FINANCIAL SERVICES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional464,3810 00For
BlackRock360,5410 00For
Vanguard349,3780 00For
John Hancock249,4230 00For
Fidelity150,8550 00For
FRANKLIN VALUE INVESTORS TRUST130,5000 00For
American Century66,1190 00For
RBB FUND, INC.00 53,9890Abstain
BRIDGEWAY FUNDS INC45,4000 00For
EA Series Trust040,030 00Against
Federated Hermes35,0850 00For
Northern Trust28,7010 00For
Invesco24,3420 00For
TIAA22,7060 00For
HOTCHKIS & WILEY FUNDS /DE/21,6650 00For
Charles Schwab20,6990 00For
Principal15,8960 00For
Equitable15,5630 00For
Prudential/PGIM14,3640 00For
WisdomTree14,0660 00For
QUANTITATIVE MASTER SERIES LLC13,6740 00For
SEI13,6000 00For
Lincoln Financial11,6960 00For
Columbia Threadneedle10,7420 00For
T. Rowe Price10,4700 00For

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.

Institutional-manager reports: 104 asset managers voting on “TO APPROVE, IN A NON-BINDING, ADVISORY VOTE, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.” at FIRST BUSINESS FINANCIAL SERVICES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
BANC FUNDS CO LLC457,7250 00For
John Hancock277,5500 00For
BlackRock238,8590 00For
M3F, Inc.219,4090 00For
FIRST BUSINESS FINANCIAL SERVICES, INC.202,7430 00For
GEODE CAPITAL MANAGEMENT, LLC159,1050 00For
Renaissance148,9150 00For
FRANKLIN MUTUAL ADVISERS LLC130,5000 00For
AllianceBernstein117,3620 00For
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC72,1690 00For
LSV ASSET MANAGEMENT71,4250 00For
American Century66,6780 00For
Federated Hermes57,9080 00For
Dimensional53,2450 00For
Pacific Ridge Capital Partners, LLC00 50,9760Abstain
BRIDGEWAY CAPITAL MANAGEMENT, LLC45,4000 00For
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM39,3600 00For
MELLON INVESTMENTS Corp31,8560 00For
T. Rowe Price30,7280 00For
ACADIAN ASSET MANAGEMENT LLC29,4740 00For
Invesco27,5990 00For
Goldman Sachs27,5480 00For
Nuveen23,0040 00For
Charles Schwab20,6990 00For
Riverwater Partners LLC14,3350 00For

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.

5. 3. Ratification of the appointment of Crowe LLP as the independent registered public accounting firm for the Company…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

99.3% Approved · of votes cast

FOR 99.3%
FOR: 6,373,538AGAINST: 40,883
Details: description as filed, official tally, votes by 53 asset managers

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.

FOR
FOR: 2,152,160AGAINST: 40,030
Largest asset managers voting on “TO RATIFY THE APPOINTMENT OF CROWE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE ” at FIRST BUSINESS FINANCIAL SERVICES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Dimensional464,3810 00For
BlackRock360,5410 00For
Vanguard349,3780 00For
John Hancock249,4230 00For
Fidelity150,8550 00For
FRANKLIN VALUE INVESTORS TRUST130,5000 00For
American Century66,1190 00For
BRIDGEWAY FUNDS INC45,4000 00For
EA Series Trust040,030 00Against
Federated Hermes35,0850 00For
Northern Trust28,7010 00For
Invesco24,3420 00For
TIAA22,7060 00For
HOTCHKIS & WILEY FUNDS /DE/21,6650 00For
Charles Schwab20,6990 00For
Principal15,8960 00For
Equitable15,5630 00For
Prudential/PGIM14,3640 00For
WisdomTree14,0660 00For
QUANTITATIVE MASTER SERIES LLC13,6740 00For
SEI13,6000 00For
Lincoln Financial11,6960 00For
Columbia Threadneedle10,7420 00For
T. Rowe Price10,4700 00For
RBC FUNDS TRUST7,7000 00For

Showing the 25 largest of 53 asset managers. See all 53 in the interactive database.

Largest FIRST BUSINESS FINANCIAL SERVICES INC. shareholders voting in 2023-2024

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.

Fund voting reports: top FIRST BUSINESS FINANCIAL SERVICES INC. shareholders by shares voted on “TO APPROVE, IN A NON-BINDING, ADVISORY VOTE, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE…”, 2023-2024
#Asset manager % of shares outstanding
1Dimensional 5.59%
2BlackRock 4.34%
3Vanguard 4.21%
4John Hancock 3.00%
5Fidelity 1.82%
6FRANKLIN VALUE INVESTORS TRUST 1.57%
7American Century 0.80%
8RBB FUND, INC. 0.65%
9BRIDGEWAY FUNDS INC 0.55%
10EA Series Trust 0.48%
Institutional-manager reports: top FIRST BUSINESS FINANCIAL SERVICES INC. shareholders by shares voted on “TO APPROVE, IN A NON-BINDING, ADVISORY VOTE, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE…”, 2023-2024
#Asset manager % of shares outstanding
1BANC FUNDS CO LLC 5.51%
2John Hancock 3.34%
3BlackRock 2.88%
4M3F, Inc. 2.64%
5FIRST BUSINESS FINANCIAL SERVICES, INC. 2.44%
6GEODE CAPITAL MANAGEMENT, LLC 1.92%
7Renaissance 1.79%
8FRANKLIN MUTUAL ADVISERS LLC 1.57%
9AllianceBernstein 1.41%
10HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.87%

Reported FIRST BUSINESS FINANCIAL SERVICES INC. holdings and ownership

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.

FIRST BUSINESS FINANCIAL SERVICES INC. holdings and ownership disclosed for the 2023-2024 proxy season
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.

About this page

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.