First Business Financial Services Files 8-K

TL;DR

FBFS filed an 8-K on 4/30 for an event on 4/26, mostly financial docs.

AI Summary

First Business Financial Services, Inc. filed an 8-K on April 30, 2024, reporting an event on April 26, 2024. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text beyond the filing's nature.

Why It Matters

This filing indicates that First Business Financial Services, Inc. is providing updated financial information or exhibits to the SEC, which could be relevant for investors monitoring the company's financial health.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of financial statements and exhibits, not indicating any immediate negative or positive material events.

Key Players & Entities

• First Business Financial Services, Inc. (company) — Registrant
• April 26, 2024 (date) — Date of earliest event reported
• April 30, 2024 (date) — Date of Report
• 401 Charmany Drive Madison, Wisconsin 53719 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value FBIZ The Nasdaq Stock Market
• $5 m — h a maximum aggregate purchase price of $5 million, in such quantities, at such pric

Filing Documents

• fbiz-20240426.htm (8-K) — 32KB
• a43024pressreleasesharerep.htm (EX-99.1) — 8KB
• fbb_logoxrgb.jpg (GRAPHIC) — 29KB
• 0001521951-24-000037.txt ( ) — 204KB
• fbiz-20240426.xsd (EX-101.SCH) — 2KB
• fbiz-20240426_lab.xml (EX-101.LAB) — 21KB
• fbiz-20240426_pre.xml (EX-101.PRE) — 12KB
• fbiz-20240426_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 8.01. Regulation FD Disclosure. On April 26, 2024, the Board of Directors of First Business Financial Services, Inc. (the "Company") approved a share repurchase program and authorized certain officers to enter into a Rule 10b5-1 trading plan in connection with the repurchase program at the appropriate time. The program authorizes the repurchase by the Company of shares of common stock with a maximum aggregate purchase price of $5 million, in such quantities, at such prices and on such other terms and conditions as the Company's Chief Executive Officer or Chief Financial Officer determine in their discretion to be in the best interests of the Company and its shareholders, any time with no expiration date. Under the share repurchase program, shares may be repurchased from time to time in the open market, through negotiated transactions at prevailing market rates, or by other means, in accordance with federal securities laws. At the appropriate time, it is anticipated that the Company will enter into a Rule 10b5-1 trading plan in connection with the share repurchase program to allow the Company to effectuate repurchases under the repurchase program at such times as the Company and its directors and officers are or may be deemed to be in possession of material, non-public information, provided that such officers may enter into a Rule 10b5-1 trading plan only at such time as the Company and its directors and officers are not actually in possession of material, non-public information. A copy of the April 30, 2024 press release announcing the share repurchase program is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

01. Financial Statements and Exhibits

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: 99.1 Press Release by First Business Financial Services, Inc. dated April 30 , 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) Signature Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. April 30, 2024 F IRST B USINESS F INANCIAL S ERVICES , I NC . By: /s/ Brian D. Spielmann Name: Brian D. Spielmann Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR