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First Business Financial Services, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and First Business Financial Services, Inc.’s Form 8-K, filed 2026-04-29 (Item 5.07 on EDGAR). Page generated 04 October 2026.

8Reported items
194Asset managers
1,231Fund votes
2026-04-24Meeting date

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

Explore First Business Financial Services, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 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 2026-04-29 (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 2026-04-24
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Carla C. Chavarria	5,529,154	--	--	280,292	818,648	Majority: yes
Elect Director: Jerry L. Kilcoyne	5,689,188	--	--	120,258	818,648	Majority: yes
Elect Director: Daniel P. Olszewski	5,696,854	--	--	112,592	818,648	Majority: yes

Source: First Business Financial Services, Inc., Form 8-K, filed with the SEC on 2026-04-29 — read the filing on EDGAR.

How asset managers voted at the First Business Financial Services, Inc. 2025-2026 meeting

Each item below shows how the 194 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.

1. To approve, in a non-binding shareholder advisory vote, the compensation of the Company's named executive officers.

SECTION 14A SAY-ON-PAY VOTES

Combines 4 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 98%

The 187 asset managers below cast 99.7% of the shares they voted on this item FOR (4,851,565 for, 9,954 against).

FOR: 4,851,565 (97.9%)AGAINST: 9,954 (0.2%)ABSTAIN: 96,090 (1.9%)NOT VOTED: 142 (0.0%)

Largest asset managers voting on “To approve, in a non-binding shareholder advisory vote, the compensation of the Company's named executive offi” at First Business Financial Services, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
BlackRock	802,271	0	0	For
Vanguard	482,262	0	0	For
John Hancock	474,401	0	0	For
American Century	446,771	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	239,683	0	0	For
FIRST BUSINESS FINANCIAL SERVICES, INC.	229,261	1,000	5,000	For
Fidelity	218,250	0	0	For
Dimensional	213,682	0	0	For
Federated Hermes	175,185	0	0	For
Renaissance	120,140	0	0	For
LSV ASSET MANAGEMENT	115,625	0	0	For
De Lisle Partners LLP	93,912	0	0	For
Hillsdale Investment Management Inc.	82,871	0	0	For
AQR	77,375	0	0	For
Northern Trust	72,791	0	0	For
AllianceBernstein	67,784	0	0	For
RBB FUND, INC.	0	0	55,039	Abstain
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	51,012	0	0	For
Goldman Sachs	49,533	0	0	For
Charles Schwab	49,332	0	0	For
EA Series Trust	40,011	0	0	For
BRIDGEWAY CAPITAL MANAGEMENT, LLC	35,400	0	0	For
BRIDGEWAY FUNDS INC	35,400	0	0	For
Pacific Ridge Capital Partners, LLC	0	0	32,457	Abstain
ACADIAN ASSET MANAGEMENT LLC	32,411	0	0	For

Showing the 25 largest of 187 asset managers. See all 187 in the interactive database.

2. TO ACT UPON A PROPOSAL TO APPROVE THE FIRST BUSINESS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN.

COMPENSATION

Combines 2 wordings of this item as funds reported it.

99.6% fund support · no official result

FOR 99.6%

The 64 asset managers below cast 99.6% of the shares they voted on this item FOR (2,114,898 for, 6,390 against).

FOR: 2,114,898 (99.7%)AGAINST: 6,390 (0.3%)

Largest asset managers voting on “TO ACT UPON A PROPOSAL TO APPROVE THE FIRST BUSINESS FINANCIAL SERVICES, INC. 2026 EQUITY INCENTIVE PLAN.” at First Business Financial Services, Inc., 2025-2026
Asset manager	For	Against	Vote
BlackRock	452,415	0	For
Vanguard	423,861	0	For
John Hancock	228,913	0	For
Fidelity	217,440	0	For
American Century	216,844	0	For
Dimensional	164,205	0	For
Federated Hermes	68,762	0	For
EA Series Trust	40,011	0	For
BRIDGEWAY FUNDS INC	35,400	0	For
Charles Schwab	24,659	0	For
TIAA	18,599	0	For
Northern Trust	18,350	0	For
Equitable	17,436	0	For
SEI	13,583	390	For
MASTER INVESTMENT PORTFOLIO	13,473	0	For
QUANTITATIVE MASTER SERIES LLC	13,138	0	For
Goldman Sachs	12,485	0	For
Principal Exchange-Traded Funds	12,357	0	For
WisdomTree	12,350	0	For
FRANKLIN VALUE INVESTORS TRUST	12,246	0	For
Lincoln Financial	12,021	0	For
ALPS ETF Trust	9,300	0	For
Columbia Threadneedle	8,742	0	For
Invesco	7,678	0	For
Pacific Life	6,972	0	For

Showing the 25 largest of 64 asset managers. See all 64 in the interactive database.

3. TO RATIFY THE APPOINTMENT OF CROWE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2026.

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.8%

The 63 asset managers below cast 99.9% of the shares they voted on this item FOR (2,117,104 for, 390 against).

FOR: 2,117,104 (99.8%)AGAINST: 390 (0.0%)ABSTAIN: 3,594 (0.2%)

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., 2025-2026
Asset manager	For	Against	Vote
BlackRock	452,415	0	For
Vanguard	423,861	0	For
John Hancock	228,913	0	For
Fidelity	217,440	0	For
American Century	216,844	0	For
Dimensional	164,205	0	For
Federated Hermes	68,762	0	For
EA Series Trust	40,011	0	For
BRIDGEWAY FUNDS INC	35,400	0	For
Charles Schwab	24,659	0	For
TIAA	18,599	0	For
Northern Trust	18,350	0	For
Equitable	17,436	0	For
SEI	13,583	390	For
MASTER INVESTMENT PORTFOLIO	13,473	0	For
QUANTITATIVE MASTER SERIES LLC	13,138	0	For
Goldman Sachs	12,485	0	For
Principal Exchange-Traded Funds	12,357	0	For
WisdomTree	12,350	0	For
FRANKLIN VALUE INVESTORS TRUST	12,246	0	For
Lincoln Financial	12,021	0	For
ALPS ETF Trust	9,300	0	For
Columbia Threadneedle	8,742	0	For
Invesco	7,678	0	For
Pacific Life	6,972	0	For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

4. Election of three Class I Directors: Carla C. Chavarria

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 5,529,154WITHHELD: 280,292

First Business Financial Services, Inc.’s own tally for this item (“Elect Director: Carla C. Chavarria”): 5,529,154 for, 280,292 withheld, per its Form 8-K filed 2026-04-29 (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 8,362,166 outstanding shares: 66% for, 3% withheld (69% of the company cast a for/withheld vote).

The 62 asset managers below cast 100% of the shares they voted on this item FOR (2,083,863 for, 0 against).

FOR 98%

FOR: 2,083,863 (98.3%)ABSTAIN: 36,125 (1.7%)

Largest asset managers voting on “Election of three Class I Directors: Carla C. Chavarria” at First Business Financial Services, Inc., 2025-2026
Asset manager	For	Abstain	Vote
BlackRock	452,415	0	For
Vanguard	423,513	348	For
John Hancock	228,913	0	For
Fidelity	217,440	0	For
American Century	216,844	0	For
Dimensional	164,205	0	For
Federated Hermes	68,762	0	For
EA Series Trust	40,011	0	For
BRIDGEWAY FUNDS INC	35,400	0	For
Charles Schwab	24,659	0	For
TIAA	18,599	0	For
Northern Trust	18,350	0	For
Equitable	17,436	0	For
SEI	0	13,973	Abstain
MASTER INVESTMENT PORTFOLIO	13,473	0	For
QUANTITATIVE MASTER SERIES LLC	13,138	0	For
Goldman Sachs	12,485	0	For
Principal Exchange-Traded Funds	12,357	0	For
WisdomTree	12,350	0	For
FRANKLIN VALUE INVESTORS TRUST	0	12,246	Abstain
Lincoln Financial	12,021	0	For
ALPS ETF Trust	9,300	0	For
Columbia Threadneedle	8,742	0	For
Invesco	7,678	0	For
Pacific Life	6,972	0	For

Showing the 25 largest of 62 asset managers. See all 62 in the interactive database.

5. Election of three Class I Directors: Daniel P. Olszewski

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 5,696,854WITHHELD: 112,592

First Business Financial Services, Inc.’s own tally for this item (“Elect Director: Daniel P. Olszewski”): 5,696,854 for, 112,592 withheld, per its Form 8-K filed 2026-04-29 (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 8,362,166 outstanding shares: 68% for, 1% withheld (69% of the company cast a for/withheld vote).

The 62 asset managers below cast 100% of the shares they voted on this item FOR (2,115,749 for, 0 against).

FOR 99.8%

FOR: 2,115,749 (99.8%)ABSTAIN: 4,239 (0.2%)

Largest asset managers voting on “Election of three Class I Directors: Daniel P. Olszewski” at First Business Financial Services, Inc., 2025-2026
Asset manager	For	Vote
BlackRock	452,415	For
Vanguard	423,861	For
John Hancock	228,913	For
Fidelity	217,440	For
American Century	216,844	For
Dimensional	164,205	For
Federated Hermes	68,762	For
EA Series Trust	40,011	For
BRIDGEWAY FUNDS INC	35,400	For
Charles Schwab	24,659	For
TIAA	18,599	For
Northern Trust	18,350	For
Equitable	17,436	For
SEI	13,973	For
MASTER INVESTMENT PORTFOLIO	13,473	For
QUANTITATIVE MASTER SERIES LLC	13,138	For
Goldman Sachs	12,485	For
Principal Exchange-Traded Funds	12,357	For
WisdomTree	12,350	For
FRANKLIN VALUE INVESTORS TRUST	12,246	For
Lincoln Financial	12,021	For
ALPS ETF Trust	9,300	For
Columbia Threadneedle	8,742	For
Invesco	7,678	For
Pacific Life	6,972	For

Showing the 25 largest of 62 asset managers. See all 62 in the interactive database.

6. Election of three Class I Directors: Jerry L. Kilcoyne

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 5,689,188WITHHELD: 120,258

First Business Financial Services, Inc.’s own tally for this item (“Elect Director: Jerry L. Kilcoyne”): 5,689,188 for, 120,258 withheld, per its Form 8-K filed 2026-04-29 (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 8,362,166 outstanding shares: 68% for, 1% withheld (69% of the company cast a for/withheld vote).

The 62 asset managers below cast 100% of the shares they voted on this item FOR (2,114,803 for, 0 against).

FOR 99.7%

FOR: 2,114,803 (99.8%)ABSTAIN: 5,185 (0.2%)

Largest asset managers voting on “Election of three Class I Directors: Jerry L. Kilcoyne” at First Business Financial Services, Inc., 2025-2026
Asset manager	For	Abstain	Vote
BlackRock	452,415	0	For
Vanguard	423,513	348	For
John Hancock	228,913	0	For
Fidelity	217,440	0	For
American Century	216,844	0	For
Dimensional	164,205	0	For
Federated Hermes	68,762	0	For
EA Series Trust	40,011	0	For
BRIDGEWAY FUNDS INC	35,400	0	For
Charles Schwab	24,659	0	For
TIAA	18,599	0	For
Northern Trust	18,350	0	For
Equitable	17,436	0	For
SEI	13,973	0	For
MASTER INVESTMENT PORTFOLIO	13,473	0	For
QUANTITATIVE MASTER SERIES LLC	13,138	0	For
Goldman Sachs	12,485	0	For
Principal Exchange-Traded Funds	12,357	0	For
WisdomTree	12,350	0	For
FRANKLIN VALUE INVESTORS TRUST	12,246	0	For
Lincoln Financial	12,021	0	For
ALPS ETF Trust	9,300	0	For
Columbia Threadneedle	8,742	0	For
Invesco	7,678	0	For
Pacific Life	6,972	0	For

Showing the 25 largest of 62 asset managers. See all 62 in the interactive database.

7. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 53.1%ABSTAIN 46.9%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,397 for, 0 against).

FOR: 1,397 (53.1%)ABSTAIN: 1,233 (46.9%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at First Business Financial Services, Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Integrated Quantitative Investments LLC	1,397	0	0	0	For
ALGERT GLOBAL LLC	0	0	1,233	0	Abstain

8. To Approve, By An Advisory Vote, The Compensation Of The Company's Named Executives

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (6 for, 0 against).

FOR: 6 (100.0%)

Largest asset managers voting on “To Approve, By An Advisory Vote, The Compensation Of The Company's Named Executives” at First Business Financial Services, Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Modern Wealth Management, LLC	3	0	0	0	For
Tandem Financial, LLC	3	0	0	0	For

Largest First Business Financial Services, Inc. shareholders voting in 2025-2026

Ranked by the number of First Business Financial Services, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 8,362,166 shares outstanding at the time of that meeting.

Top First Business Financial Services, Inc. shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	BlackRock	9.59%
2	Vanguard	5.77%
3	John Hancock	5.67%
4	American Century	5.34%
5	GEODE CAPITAL MANAGEMENT, LLC	2.87%
6	FIRST BUSINESS FINANCIAL SERVICES, INC.	2.81%
7	Fidelity	2.61%
8	Dimensional	2.56%
9	Federated Hermes	2.09%
10	Renaissance	1.44%

Reported First Business Financial Services, Inc. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

First Business Financial Services, Inc. beneficial owners on record for the 2025-2026 proxy season
Holder	% outstanding	Disclosure
BlackRock	10.41%	13F
Dimensional Fund Advisors	5.98%	13F
Vanguard Group	5.75%	13F
Geode Capital	2.39%	13F
State Street	2.08%	13F
Corey A. Chambas	1.57%	DEF14A
Renaissance Technologies	1.46%	13F
AQR Capital	1.13%	13F
Northern Trust	0.95%	13F
Jerry L. Kilcoyne	0.79%	DEF14A

Percentages above are of 8,362,166 shares outstanding, as reported by First Business Financial Services, Inc. on its Form 10-Q dated 2026-04-20 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

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 2026-04-20. 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 2026-04-24, in the 2025-2026 proxy season, 194 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,231 separate fund positions. Their filings are grouped here into 8 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 · 2025-2026 (this page).