FIRST BUSINESS FINANCIAL SERVICES, INC. : Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)

Item 5.07. Submission of Matters to a Vote of Security Holders.

On April 28, 2023, First Business Financial Services, Inc. (the “Company”) held
its Annual Meeting of Shareholders (the “Annual Meeting”) to: (1) elect four
Class I directors to hold office until the 2026 annual meeting of shareholders
and until their successors are duly elected and qualified; (2) act upon a
proposal to approve an amendment to the First Business Financial Services, Inc.
2019 Equity Incentive Plan; (3) approve, in a non-binding, advisory vote, the
compensation of the Company’s named executive officers; and (4) ratify the
appointment of Crowe LLP as the Company’s independent registered public
accounting firm for the year ending December 31, 2023.

Of the aggregate 8,347,324 shares of the Company’s common stock issued and
outstanding as of the close of business on the record date, February 23, 2023,
6,508,529 shares or 78% were represented in person or by proxy at the Annual
Meeting.

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"):
Nominees              Votes For   Votes Withheld    Broker Non-Votes
Carla C. Chavarria    5,789,962   163,272           555,295
Ralph R. Kauten       5,896,142   57,092            555,295
Gerald L. Kilcoyne    5,861,145   92,089            555,295
Daniel P. Olszewski   5,817,317   135,917           555,295


The four 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.

(2) Act upon a proposal to approve an amendment to the First Business Financial
Services, Inc.
2019 Equity Incentive Plan.

Votes For   Votes Against     Abstentions    Broker Non-Votes
5,608,824   328,730           15,679         555,295


This matter was approved by shareholders with 94% of shares voted cast in favor
of the proposal.

(3) Approval in a non-binding, advisory vote, of the compensation of the
Company’s named executive officers.
Votes For Votes Against Abstentions Broker Non-Votes
5,581,211 133,981

           238,041        555,295



This matter was approved by shareholders with 94% of shares voted cast in favor
of the proposal.

(4) Ratification of the appointment of Crowe LLP as the independent registered
public accounting firm for the Company for the year ending December 31, 2022.
Votes For Votes Against Abstentions Broker Non-Votes
6,452,067 31,378

            25,083         0



This matter was approved by shareholders with 99% of shares voted cast in favor
of the proposal.

Item 9.01. Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits. The following exhibit is being furnished herewith:

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           99.1             Slides from the 202    3     Annual Meeting of Shareholders.
            104           Cover Page Interactive Data File (embedded within the Inline XBRL
                          Document)



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