Short answer
FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) filed an 8-K current report with the SEC on May 11, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). David R. Seiler becomes President and CEO on May 3, 2026, succeeding retiring CEO Corey A. Chambas.
FIRST BUSINESS FINANCIAL SERVICES, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- David R. Seiler becomes President and CEO on May 3, 2026, succeeding retiring CEO Corey A. Chambas
- Internal succession: Seiler has served as President and COO since January 3, 2023, supporting continuity in strategy and operations
- Seiler joins the Board as a Class III director through the 2028 Annual Meeting, aligning management and governance leadership
- Five-year employment agreement includes minimum $600,000 salary and $215,000 restricted-stock-unit grant vesting over five years
- Without-Cause or Good-Reason termination triggers severance of two times base salary, prorated target bonus, and up to 18 months’ health coverage
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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