First Business Financial Services Names New CFO & CRO
Ticker: FBIZ · Form: 8-K · Filed: Apr 23, 2024 · CIK: 1521951
| Field | Detail |
|---|---|
| Company | First Business Financial Services, INC. (FBIZ) |
| Form Type | 8-K |
| Filed Date | Apr 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-of-directors, officer-appointment
TL;DR
FB Financial just swapped out their CFO and CRO with new execs.
AI Summary
First Business Financial Services, Inc. announced on April 19, 2024, changes in its executive and director positions. The company elected two new directors, Michael D. Johnson and David A. Schueler, and appointed two new officers: David A. Schueler as Chief Financial Officer and Michael D. Johnson as Chief Risk Officer. These appointments are effective immediately.
Why It Matters
The appointment of a new CFO and CRO can signal strategic shifts or a response to evolving market conditions, potentially impacting the company's financial health and risk management approach.
Risk Assessment
Risk Level: medium — Changes in key executive and director roles can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- First Business Financial Services, Inc. (company) — Registrant
- Michael D. Johnson (person) — Elected Director and appointed Chief Risk Officer
- David A. Schueler (person) — Elected Director and appointed Chief Financial Officer
- April 19, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors?
Michael D. Johnson and David A. Schueler were elected as new directors.
What new officer positions were filled?
David A. Schueler was appointed Chief Financial Officer, and Michael D. Johnson was appointed Chief Risk Officer.
When were these changes effective?
The changes were effective as of April 19, 2024, the date of the earliest event reported.
What is the principal executive office address of First Business Financial Services, Inc.?
The principal executive offices are located at 401 Charmany Drive, Madison, Wisconsin 53719.
What is the SIC code for First Business Financial Services, Inc.?
The Standard Industrial Classification code is 6022 for State Commercial Banks.
Filing Stats: 628 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-04-23 16:32:11
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value FBIZ The Nasdaq Stock Mar
Filing Documents
- tm2412221d1_8k.htm (8-K) — 29KB
- 0001104659-24-050616.txt ( ) — 197KB
- fbiz-20240419.xsd (EX-101.SCH) — 3KB
- fbiz-20240419_lab.xml (EX-101.LAB) — 33KB
- fbiz-20240419_pre.xml (EX-101.PRE) — 22KB
- tm2412221d1_8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST BUSINESS FINANCIAL SERVICES, INC. Date: April 23, 2024 By: /s/ Brian Spielmann Brian Spielmann Chief Financial Officer