Sundar PichaiSundar Pichai earned $164M in 2023
F

Corey A. Chambas

Ex-CEO of First Business Financial Services

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Born

June 1, 1962 - 62 years ago

Economy Sector

Financial Services

Tenure

9 years 0 months (Jan 2007 - Jan 2016)

Previous Experience

President and Chief Operating Officer of the Company since February, 2005; Executive Vice President of the Company from July, 2002 to February, 2005; Chief Executive Officer of First Business Bank since July, 1999.

Corey A. Chambas is the CEO of First Business Financial Services, Inc. since 2007. He has built a long career in finance with a focus on banking. Under his direction, the company has consistently been evaluated on solid performance metrics...

Year

2016

Total Compensation

$614.92K

Salary

$432.64K

Board Justification

The compensation philosophy is designed to align executive compensation with the success of meeting long-term strategic, operating, and financial goals, emphasizing a pay-for-performance approach.

Bonus

$58.19K

Board Justification

The bonus for Mr. Chambas was calculated based on the performance of the Company, with a target payout of 45% of his salary, resulting in an actual payout of 13.45% of his eligible compensation.

Other

$124.10K

Board Justification

Other compensation includes a 401(k) match, auto reimbursement, profit sharing, and dividends on unvested restricted stock.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was granted to Mr. Chambas in 2016; he recommended not to receive an equity grant that year.

Performance Metrics

The performance metrics for determining the compensation included adjusted top line revenue, analyzed service charges, adjusted return on assets, and SBA loan volume.