First Business Financial Services, Inc. (FBIZ) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Meeting of Shareholders for First Business Financial Services, Inc. Please note that today's meeting is being recorded. I will now welcome Jerry Kilcoyne, Board Chair, who will lead the meeting. Mr. Kilcoyne, the floor is yours.

Thank you. Good morning, and welcome to the 2021 Annual Meeting of Shareholders. I am Jerry Kilcoyne, First Business Financial Services, Inc. Board Chair. First, we will hold the annual meeting and report the voting results on the 4 proposals listed in the proxy. Then we will allocate time for shareholder questions after the annual meeting is adjourned. Shareholders who entered the meeting using their control number may submit questions by clicking on the Message icon in the upper right corner of the meeting center screen, as shown in the example on the slide. If you are a shareholder and entered this meeting as a guest and would like to submit a question during the Q&A, please disconnect and reconnect using your control number provided in the meeting notice to be validated as a shareholder. I call your attention to the rules of conduct for submitting questions. Questions can be submitted any time during the meeting and will be answered during the Q&A session following the conclusion of the annual meeting. I now call the 2021 First Business Financial Services, Inc. Annual Shareholder Meeting to order. Shareholders have been asked to vote on 4 proposals. Each proposal is outlined in the proxy statement and is summarized on the screen. All shareholders as of February 28, 2021, can vote their shares. If you've already voted, your vote has been counted. If you have not yet voted or would like to change your vote, you can do so online by selecting Cast Your Vote on the meeting broadcast page. Voting will close in the next few minutes. [Voting]

While we are waiting for any last-minute votes, I would like to acknowledge the members of your Board of Directors, as shown on the slide, all of whom are attending this meeting today. I would also like to acknowledge the First Business Financial Services, Inc. senior management team, as shown on the slide, and thank them for their exceptional commitment and excellent leadership during a very challenging year. Also with us is Chris Camp of Crowe LLP, our independent financial accounting firm, who is available to respond to appropriate shareholder questions during the Q&A session following the adjournment of the meeting. Voting is now closed. John Ruocco of Computershare, the inspector of elections has informed me that we have a quorum. I will now share the preliminary results. First, each of the 4 nominees to the Board of Directors has been elected. Second, the amendment to the 2019 equity incentive plan was approved. Third, the executive compensation proposal was approved. And fourth, Crowe LLP has been ratified as our independent registered accounting firm. These results are preliminary until verified by Computershare. Final results will be detailed in an 8-K filing with the SEC in a few days. This concludes the annual meeting of shareholders, and the meeting is adjourned. I am now pleased to open the Q&A session of the meeting to answer any questions submitted by our shareholders. Please adhere to the rules of conduct guidelines shared earlier, I will now ask our Corporate Secretary, Lynn Ann Parrish, to read the questions. Lynn Ann, are there any questions from shareholders?

We have received no shareholder questions.

Thank you, Lynn Ann. This will conclude the Q&A session. Any time you have questions, please feel free to reach out to the company via our Investor Relations website. A recording of the meeting will be added to our Investor Relations website in the near future. Thank you for attending the annual meeting of shareholders.

This concludes the Q&A session. You may now disconnect.

All right. Thank you.