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Compiled from SEC Form N-PX filings and FIRST BUSINESS FINANCIAL SERVICES INC.’s Form 8-K, filed 2025-05-02 (Item 5.07 on EDGAR). Page generated 02 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 2025-05-02 (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: W. Kent Lorenz | 5,630,551 | -- | -- | 92,109 | 887,002 | Majority: yes |
Source: FIRST BUSINESS FINANCIAL SERVICES INC., Form 8-K, filed with the SEC on 2025-05-02 — read the filing on EDGAR.
Each item below shows how the 159 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.
Meeting held 2025-04-25.
Combines 3 wordings of this item as funds reported it.
99.7% fund support · no official result
The 151 asset managers below cast 99.7% of the shares they voted on this item FOR (4,675,632 for, 12,452 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 865,326 | 0 | 0 | 0 | For |
| Dimensional | 515,855 | 0 | 0 | 0 | For |
| John Hancock | 503,151 | 0 | 0 | 0 | For |
| Vanguard | 398,548 | 0 | 0 | 0 | For |
| American Century | 257,407 | 0 | 0 | 0 | For |
| FIRST BUSINESS FINANCIAL SERVICES, INC. | 184,135 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 172,620 | 0 | 0 | 0 | For |
| Fidelity | 159,982 | 0 | 0 | 0 | For |
| State Street | 148,637 | 0 | 0 | 0 | For |
| Renaissance | 139,892 | 0 | 0 | 0 | For |
| Federated Hermes | 99,792 | 0 | 0 | 0 | For |
| AllianceBernstein | 93,312 | 0 | 0 | 0 | For |
| Northern Trust | 82,830 | 0 | 0 | 0 | For |
| Invesco | 68,955 | 0 | 0 | 0 | For |
| Hillsdale Investment Management Inc. | 65,942 | 0 | 0 | 0 | For |
| RBB FUND, INC. | 3,858 | 0 | 59,879 | 0 | Abstain |
| LSV ASSET MANAGEMENT | 53,225 | 0 | 0 | 0 | For |
| EA Series Trust | 47,520 | 0 | 0 | 0 | For |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 45,400 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 45,400 | 0 | 0 | 0 | For |
| Pacific Ridge Capital Partners, LLC | 0 | 0 | 43,825 | 0 | Abstain |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 43,510 | 0 | 0 | 0 | For |
| Charles Schwab | 43,070 | 0 | 0 | 0 | For |
| FRANKLIN MUTUAL ADVISERS LLC | 35,626 | 0 | 0 | 0 | For |
| FRANKLIN VALUE INVESTORS TRUST | 35,619 | 0 | 0 | 0 | For |
Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.
Meeting held 2025-04-25.
Combines 3 wordings of this item as funds reported it.
100% fund support · no official result
The 150 asset managers below cast 100% of the shares they voted on this item FOR (13,879 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 0 | 0 | 0 | 0 | 1 Year |
| Dimensional | 0 | 0 | 0 | 0 | Three Years |
| John Hancock | 0 | 0 | 0 | 0 | One Year |
| Vanguard | 0 | 0 | 0 | 0 | One Year |
| American Century | 0 | 0 | 0 | 0 | One Year |
| FIRST BUSINESS FINANCIAL SERVICES, INC. | 0 | 0 | 0 | 0 | 1 Year |
| GEODE CAPITAL MANAGEMENT, LLC | 0 | 0 | 0 | 0 | One Year |
| Fidelity | 0 | 0 | 0 | 0 | One Year |
| State Street | 0 | 0 | 0 | 0 | One Year |
| Renaissance | 0 | 0 | 0 | 0 | One Year |
| Federated Hermes | 0 | 0 | 0 | 0 | 1 Year |
| M3F, Inc. | 0 | 0 | 0 | 0 | 1 Year |
| AllianceBernstein | 0 | 0 | 0 | 0 | One Year |
| Northern Trust | 0 | 0 | 0 | 0 | 1 Year |
| Invesco | 0 | 0 | 0 | 0 | One Year |
| Hillsdale Investment Management Inc. | 0 | 0 | 0 | 0 | One Year |
| RBB FUND, INC. | 0 | 0 | 59,879 | 0 | Abstain |
| LSV ASSET MANAGEMENT | 0 | 0 | 0 | 0 | 1 Year |
| EA Series Trust | 0 | 0 | 0 | 0 | 1 Year |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 0 | 0 | 0 | 0 | One Year |
| BRIDGEWAY FUNDS INC | 0 | 0 | 0 | 0 | One Year |
| Pacific Ridge Capital Partners, LLC | 0 | 0 | 43,825 | 0 | Abstain |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 0 | 0 | 0 | 0 | 1 Year |
| Charles Schwab | 0 | 0 | 0 | 0 | 1 Year |
| FRANKLIN MUTUAL ADVISERS LLC | 0 | 0 | 0 | 0 | One Year |
Showing the 25 largest of 150 asset managers. See all 150 in the interactive database.
Meeting held 2025-04-25.
Combines 3 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
FIRST BUSINESS FINANCIAL SERVICES INC.’s own tally for this item (“Elect Director: W. Kent Lorenz”): 5,630,551 for, 92,109 withheld, per its Form 8-K filed 2025-05-02 (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 8,301,967 outstanding shares: 68% for, 1% withheld (69% of the company cast a for/withheld vote).
The 57 asset managers below cast 100% of the shares they voted on this item FOR (2,269,610 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 489,789 | 0 | 0 | 0 | For |
| Dimensional | 467,153 | 0 | 0 | 0 | For |
| Vanguard | 392,132 | 0 | 0 | 0 | For |
| John Hancock | 238,978 | 0 | 0 | 0 | For |
| Fidelity | 159,453 | 0 | 0 | 0 | For |
| American Century | 125,957 | 0 | 0 | 0 | For |
| EA Series Trust | 47,520 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 45,400 | 0 | 0 | 0 | For |
| Federated Hermes | 36,193 | 0 | 0 | 0 | For |
| FRANKLIN VALUE INVESTORS TRUST | 0 | 0 | 35,619 | 0 | Abstain |
| Northern Trust | 23,401 | 0 | 0 | 0 | For |
| TIAA | 22,706 | 0 | 0 | 0 | For |
| Charles Schwab | 21,524 | 0 | 0 | 0 | For |
| Equitable | 18,041 | 0 | 0 | 0 | For |
| WisdomTree | 15,336 | 0 | 0 | 0 | For |
| SEI | 15,176 | 0 | 0 | 0 | For |
| State Street | 13,886 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,138 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 12,307 | 0 | 0 | 0 | For |
| Lincoln Financial | 12,021 | 0 | 0 | 0 | For |
| Goldman Sachs | 9,211 | 0 | 0 | 0 | For |
| Pacific Life | 8,964 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 7,700 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 7,500 | 0 | 0 | 0 | For |
| Brighthouse | 2,763 | 0 | 4,159 | 0 | Abstain |
Showing the 25 largest of 57 asset managers. See all 57 in the interactive database.
Meeting held 2025-04-25.
98% fund support · no official result
The 56 asset managers below cast 98% of the shares they voted on this item FOR (2,257,040 for, 47,521 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 489,789 | 0 | 0 | 0 | For |
| Dimensional | 467,153 | 0 | 0 | 0 | For |
| Vanguard | 392,132 | 0 | 0 | 0 | For |
| John Hancock | 238,978 | 0 | 0 | 0 | For |
| Fidelity | 159,453 | 0 | 0 | 0 | For |
| American Century | 125,957 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 47,520 | 0 | 0 | Against |
| BRIDGEWAY FUNDS INC | 45,400 | 0 | 0 | 0 | For |
| Federated Hermes | 36,193 | 0 | 0 | 0 | For |
| FRANKLIN VALUE INVESTORS TRUST | 35,619 | 0 | 0 | 0 | For |
| Northern Trust | 23,401 | 0 | 0 | 0 | For |
| TIAA | 22,706 | 0 | 0 | 0 | For |
| Charles Schwab | 21,524 | 0 | 0 | 0 | For |
| Equitable | 18,041 | 0 | 0 | 0 | For |
| WisdomTree | 15,336 | 0 | 0 | 0 | For |
| SEI | 15,176 | 0 | 0 | 0 | For |
| State Street | 13,885 | 1 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 13,138 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 12,307 | 0 | 0 | 0 | For |
| Lincoln Financial | 12,021 | 0 | 0 | 0 | For |
| Goldman Sachs | 9,211 | 0 | 0 | 0 | For |
| Pacific Life | 8,964 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 7,700 | 0 | 0 | 0 | For |
| CALDWELL & ORKIN FUNDS INC | 7,500 | 0 | 0 | 0 | For |
| Brighthouse | 2,763 | 0 | 4,159 | 0 | Abstain |
Showing the 25 largest of 56 asset managers. See all 56 in the interactive database.
Meeting held 2024-04-26 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).
Combines 2 wordings of this item as funds reported it.
0% fund support · no official result
The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 178 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| COLDSTREAM CAPITAL MANAGEMENT INC | 0 | 178 | 0 | 0 | Against |
| Echo45 Advisors LLC | 0 | 0 | 0 | 0 | -- |
Ranked by the number of FIRST BUSINESS FINANCIAL SERVICES INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 8,301,967 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | BlackRock | 10.42% |
| 2 | Dimensional | 6.21% |
| 3 | John Hancock | 6.06% |
| 4 | Vanguard | 4.80% |
| 5 | American Century | 3.10% |
| 6 | FIRST BUSINESS FINANCIAL SERVICES, INC. | 2.22% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 2.08% |
| 8 | Fidelity | 1.93% |
| 9 | State Street | 1.79% |
| 10 | Renaissance | 1.69% |
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 | 12.11% | 13F |
| Dimensional Fund Advisors | 6.21% | 13F |
| Vanguard Group | 5.41% | 13F |
| Geode Capital | 2.14% | 13F |
| State Street | 1.75% | 13F |
| Renaissance Technologies | 1.71% | 13F |
| Corey A. Chambas | 1.50% | DEF14A |
| Northern Trust | 1.05% | 13F |
| Jerry L. Kilcoyne | 0.78% | DEF14A |
| Invesco | 0.70% | 13F |
Percentages above are of 8,301,967 shares outstanding, as reported by FIRST BUSINESS FINANCIAL SERVICES INC. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 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 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.
At FIRST BUSINESS FINANCIAL SERVICES INC.'s shareholder meeting held 2025-04-25, in the 2024-2025 proxy season, 159 asset managers reported how they voted in their SEC Form N-PX filings, covering 977 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 SHAREHOLDER ADVISORY VOTE, THE COMPENSATION OF THE COMPANY'S NAMED… — the reporting funds cast 99.7% 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 · 2024-2025 (this page) · 2025-2026.