Home › Companies › FIRST BUSINESS FINANCIAL SERVICES INC. › 2023-2024
Compiled from SEC Form N-PX filings and FIRST BUSINESS FINANCIAL SERVICES INC.’s Form 8-K, filed 2024-05-01 (Item 5.07 on EDGAR). Page generated 04 October 2026.
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 2024-05-01 (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 | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Laurie S. Benson | 5,630,101 | -- | -- | 150,580 | 650,607 | Majority: yes |
| Elect Director: Corey A. Chambas | 5,741,131 | -- | -- | 39,550 | 650,607 | Majority: yes |
| Elect Director: John J. Harris | 5,720,312 | -- | -- | 60,369 | 650,607 | Majority: yes |
| The three nominees listed above were elected by a plurality to serve on the Board. Further, each nominee received in excess of 97% of the shares voted in favor of their election. | 5,322,163 | 150,234 | 308,283 | -- | 650,607 | Majority: yes |
| This matter was approved by shareholders with 92% of shares voted cast in favor of the proposal. | 6,373,538 | 40,883 | 16,687 | -- | 0 | Passed |
Source: FIRST BUSINESS FINANCIAL SERVICES INC., Form 8-K, filed with the SEC on 2024-05-01 — 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of FIRST BUSINESS FINANCIAL SERVICES INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.
Combines 8 wordings of this item as funds reported it.
99% fund support · no official result
The 140 asset managers below cast 99% of the shares they voted on this item FOR (4,418,576 for, 57,887 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 599,400 | 0 | 0 | 0 | For |
| John Hancock | 526,973 | 0 | 0 | 0 | For |
| Dimensional | 517,626 | 0 | 0 | 0 | For |
| Vanguard | 355,548 | 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 |
| Fidelity | 151,351 | 0 | 0 | 0 | For |
| Renaissance | 148,915 | 0 | 0 | 0 | For |
| American Century | 132,797 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL ADVISERS LLC | 130,500 | 0 | 0 | 0 | For |
| FRANKLIN VALUE INVESTORS TRUST | 130,500 | 0 | 0 | 0 | For |
| AllianceBernstein | 117,362 | 0 | 0 | 0 | For |
| Federated Hermes | 92,993 | 0 | 0 | 0 | For |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 72,169 | 0 | 0 | 0 | For |
| LSV ASSET MANAGEMENT | 71,425 | 0 | 0 | 0 | For |
| RBB FUND, INC. | 0 | 0 | 53,989 | 0 | Abstain |
| Invesco | 51,941 | 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 |
| BRIDGEWAY FUNDS INC | 45,400 | 0 | 0 | 0 | For |
| Northern Trust | 42,255 | 0 | 0 | 0 | For |
| Charles Schwab | 41,398 | 0 | 0 | 0 | For |
| T. Rowe Price | 41,198 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 40,030 | 0 | 0 | Against |
Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.
Combines 3 wordings of this item as funds reported it.
98% fund support · no official result
The 53 asset managers below cast 98% of the shares they voted on this item FOR (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.
Combines 3 wordings of this item as funds reported it.
99.3% Majority: yes · of votes cast
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 2024-05-01 (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. Of all 8,306,573 outstanding shares: 69% for, 0.5% withheld (70% of the company cast a for/withheld vote).
The 52 asset managers below cast 100% of the shares they voted on this item FOR (2,190,870 for, 0 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 | 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
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 2024-05-01 (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. Of all 8,306,573 outstanding shares: 69% for, 0.8% withheld (70% of the company cast a for/withheld vote).
The 52 asset managers below cast 100% of the shares they voted on this item FOR (2,190,846 for, 0 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 | 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
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 2024-05-01 (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. Of all 8,306,573 outstanding shares: 68% for, 2% withheld (70% of the company cast a for/withheld vote).
The 52 asset managers below cast 100% of the shares they voted on this item FOR (2,080,497 for, 0 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 | 0 | 0 | 45,400 | 0 | Abstain |
| EA Series Trust | 0 | 0 | 40,030 | 0 | Abstain |
| Federated Hermes | 35,085 | 0 | 0 | 0 | For |
| Northern Trust | 28,701 | 0 | 0 | 0 | For |
| Invesco | 0 | 0 | 24,342 | 0 | Abstain |
| 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.
Ranked by the number of FIRST BUSINESS FINANCIAL SERVICES INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 8,306,573 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | BlackRock | 7.22% |
| 2 | John Hancock | 6.34% |
| 3 | Dimensional | 6.23% |
| 4 | Vanguard | 4.28% |
| 5 | M3F, Inc. | 2.64% |
| 6 | FIRST BUSINESS FINANCIAL SERVICES, INC. | 2.44% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 1.92% |
| 8 | Fidelity | 1.82% |
| 9 | Renaissance | 1.79% |
| 10 | American Century | 1.60% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| 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 2024-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, 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 2024-03-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.
At FIRST BUSINESS FINANCIAL SERVICES INC.'s shareholder meeting held 2024-04-26, in the 2023-2024 proxy season, 141 asset managers reported how they voted in their SEC Form N-PX filings, covering 830 separate fund positions. Their filings are grouped here into 5 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. FIRST BUSINESS FINANCIAL SERVICES INC.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — TO APPROVE, IN A NON-BINDING, ADVISORY VOTE, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE… — the reporting funds cast 99% of the shares they voted in favour (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). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.
FIRST BUSINESS FINANCIAL SERVICES INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.