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 would like to welcome Jerry Kilcoyne, Board Chair, who will be leading the meeting. Mr. Kilcoyne, the floor is yours.

Good morning, and welcome to the 2023 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. [Operator Instructions] I now call the 2023 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 23, 2023, can vote their shares. If you have 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 on the meeting broadcast page. Voting will close in the next few minutes. While we're waiting for any last minute votes, I would like to acknowledge the Board of Directors that's shown on the slide. I would also like to acknowledge the First Business Financial Services Inc. executive officers as shown on the slide, and thank them for delivering a great year of operating and financial results in 2022 and their excellent leadership. Also with us is Sara Krople, partner of Crowe LLP, our independent registered public accounting firm, who is available to respond to appropriate shareholder questions during the Q&A session following the adjournment of the annual meeting. Voting is now closed. John Ruocco of Computershare, the inspector of elections, has informed me that we have a quorum. We will now share the preliminary results. First, the nominees, Carla C. Chavarria, Gerald L. Kilcoyne, Ralph R. Kauten and Daniel P. Olszewski, have been elected. Second, the amendment to the First Business Financial Services Inc. 2019 equity incentive plan has been approved. Third, Crowe LLP has been ratified as our independent registered accounting firm. And fourth, the executive compensation proposal was approved. These results are preliminary until verified by Computershare. The final results will be detailed in a Form 8-K filing. This concludes the Annual Meeting of Shareholders, and the meeting is adjourned. I am now pleased to open the Q&A session 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 Arians, to read the questions. Lynn Ann, are any questions from shareholders?

There are no questions.

Thank you, Lynn Ann. This concludes 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 broadcast. You may now disconnect.