# EDGAR Filing Document

**Accession Number:** 0001025835
**File Stem:** 0001025835-25-000178
**Filing Date:** 2025-10
**Character Count:** 15855
**Document Hash:** 13c2cc98d02ed24dce49c8a0229d9489
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001025835-25-000178.hdr.sgml**: 20251002

**ACCESSION NUMBER**: 0001025835-25-000178

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251001

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251002

**DATE AS OF CHANGE**: 20251002

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ENTERPRISE FINANCIAL SERVICES CORP
- **CENTRAL INDEX KEY:** 0001025835
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 431706259
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15373
- **FILM NUMBER:** 251368963

**BUSINESS ADDRESS:**
- **STREET 1:** 150 NORTH MERAMEC
- **STREET 2:** 150 NORTH MERAMEC
- **CITY:** CLAYTON
- **STATE:** MO
- **ZIP:** 63105
- **BUSINESS PHONE:** 3147255500

**MAIL ADDRESS:**
- **STREET 1:** 150 NORTH MERAMEC
- **STREET 2:** 150 NORTH MERAMEC
- **CITY:** CLAYTON
- **STATE:** MO
- **ZIP:** 63105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ENTERBANK HOLDINGS INC
- **DATE OF NAME CHANGE:** 19961024

?xml version='1.0' encoding='ASCII'? efsc-20251001

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of** 

**The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported)

October 1, 2025

**ENTERPRISE FINANCIAL SERVICES CORP** 

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware**  | **001-15373**  | **43-1706259**  |
| (State or Other Jurisdiction <br>of Incorporation) | (Commission <br>File Number) | (IRS Employer <br>Identification No.) |

---

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| | |
|:---|:---|
| **150 N. Meramec Avenue, St. Louis, Missouri**<br>(Address of principal executive offices) | **63105**<br>(Zip Code) |

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Registrant's telephone number, including area code

**(314) 725-5500**

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| |
|:---|
| Not applicable |
| **(Former name or former address, if changed since last report)**  |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $0.01 per share | EFSC | Nasdaq Global Select Market |
| Depositary Shares, Each Representing a 1/40th Interest in a Share of 5.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A | EFSCP | Nasdaq Global Select Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**<u>Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</u>**

Effective October 1, 2025 (the "Transition Date"), as part of Enterprise Financial Services Corp's (the "Company") ongoing growth and succession planning, and as previously reported in the Current Report on Form 8-K filed on April 28, 2025, Mr. Scott Goodman, 61, former President of Enterprise Bank & Trust ("EB&T") and Senior Executive Vice President of the Company, transitioned into the role of a Vice-Chairman of EB&T, a part-time, non-management role focusing on strategic advisory and client-liason activities. Mr. Goodman has been President of EB&T for 12 years and has been with the Company for 22 years.

*Officer Appointments as of the Transition Date*

Mr. Doug Bauche, 55, formerly the Company's Chief Credit Officer, has been promoted to the newly-created role of Chief Banking Officer where he will be responsible for the Company's commercial revenue-producing businesses. Mr. Bauche served as Chief Credit Officer since May 2023 and has been with the Company for more than 25 years.

Mr. Kevin Handley, 56, has been promoted to the role of Chief Credit Officer. Mr. Handley will report to Mr. Bauche. Mr. Handley has been with the Company since 2018 in his role of an Executive Vice President, Regional Senior Lender.

There is no arrangement or understanding between either of Mr. Bauche or Mr. Handley and any other person pursuant to which either of Mr. Bauche or Mr. Handley was appointed. There are no family relationships, as defined in Item 401 of Regulation S-K, between either of Mr. Bauche or Mr. Handley and any of the Company's executive officers or directors or persons nominated or chosen to become a director or executive officer. There are no transactions that would be required to be reported under Item 404(a) of Regulation S-K for either of Mr. Bauche or Mr. Handley.

Mr. Keene Turner, 45, has been promoted to serve as Chief Operating Officer, in addition to his role of a Senior Executive Vice President, Chief Financial Officer of the Company. Mr. Turner has been with the Company since 2013 and serves as the Company's principal financial officer as defined by the Securities and Exchange Commission.

Mr. Troy Dumlao, 52, has been promoted to the role of Chief Financial Officer of EB&T, in addition to his role of an Executive Vice President, Chief Accounting Officer of the Company. Mr. Dumlao has been with the Company since 2019 and serves as the Company's principal accounting officer as defined by the Securities and Exchange Commission.

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*Executive Contract Amendments*

Effective as of the Transition Date, the Company entered into amendments to each of the employment agreements with Mr. Turner and Mr. Bauche (collectively, the "Amendments"). Pursuant to the amendment to Mr. Bauche's employment agreement, Mr. Bauche's title was updated and his annual base salary was increased to $500,000 per year less any applicable withholdings and deductions, and Mr. Bauche is entitled to participate annually in the Company's long term incentive plan and short term incentive plan, with a target-level performance-based bonus equal to 50% of his then-current base salary. The only change to Mr. Turner's employment agreement was to update his title. Except for the changes disclosed in this Current Report, all other terms and conditions of Mr. Turner's and Mr. Bauche's employment agreements remain unchanged. The foregoing description of the Amendments does not purport to be complete and are qualified by reference to the full text of the Amendments, which are filed as Exhibit 10.1 and 10.2 to this Current Report on Form 8-K and are incorporated into this Item 5.02 by reference.

**<u>Item 9.01 Financial Statements and Exhibits.</u>**

(d) &nbsp;&nbsp;&nbsp;&nbsp;Exhibits.

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| | |
|:---|:---|
| <u>Exhibit Number</u> | <u>Description</u> |
| 10.1 | <u>[Fourth Amendment to Executive Employment Agreement dated as of October 1, 2025 by and between Enterprise Financial Services Corp and Keene S. Turner.](ex101.htm)</u> |
| 10.2 | <u>[Second Amendment to Executive Employment Agreement dated as of October 1, 2025 by and between Enterprise Financial Services Corp and Douglas N.](ex102.htm)[Bauche](ex102.htm)[.](ex102.htm)</u> |
| 104 | The cover page of this Current Report on Form 8-K, formatted in Inline XBRL. |

---

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**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 thereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| | | ENTERPRISE FINANCIAL SERVICES CORP | ENTERPRISE FINANCIAL SERVICES CORP |
| Date: | October 2, 2025 | By: | <u>/s/ Troy R. Dumlao</u> |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;Troy R. Dumlao |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President and Chief Accounting Officer |

---

## Exhibit 10.1

**EXHIBIT 10.1**

**FOURTH AMENDMENT TO ENTERPRISE FINANCIAL SERVICES CORP**

**EXECUTIVE EMPLOYMENT AGREEMENT**

THIS FOURTH AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT (this "<u>Amendment</u>"), is made by and between **Keene S. Turner** (the "<u>Executive</u>") and **ENTERPRISE FINANCIAL SERVICES CORP**, a Delaware corporation (the "<u>Company</u>") effective as of October 1, 2025 (the "<u>Effective Date</u>").

WHEREAS, the Company and the Executive entered into an Executive Employment Agreement dated as of September 13, 2013, as amended by that First Amendment to Executive Employment Agreement dated February 27, 2015, that Second Amendment to Executive Employment Agreement dated October 29, 2015, and that Third Amendment to Executive Employment Agreement dated August 4, 2023 (as amended, the "<u>Original Agreement</u>"); and

WHEREAS, the Company and the Executive have mutually agreed to amend the Original Agreement;

NOW, THEREFORE, the Original Agreement is amended as follows:

1. Section 1 shall be amended to read as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Employment</u>**. Subject to the terms and conditions set forth in this Agreement, the Company hereby employs Executive for the Employment Term as hereafter defined. During the Employment Term, Executive shall serve as Senior Executive Vice President, Chief Financial Officer and Chief Operating Officer of the Company. Executive shall have the duties, powers and authority as are consistent with his position, including such other duties and responsibilities as are reasonably delegated him from time to time by the Chief Executive Officer of the Company (the "CEO"), including taking positions with Subsidiaries (as defined below) of the Company. Executive shall report to the CEO. Executive shall comply with all policies and procedures of the Company generally applicable to Executive. Executive hereby accepts such employment and agrees to serve the Company in such capacities for the Employment Term.

2. Except as expressly amended pursuant to this Amendment, the Original Agreement shall continue in full force and effect without modification.

3. Capitalized terms not defined herein shall have the meaning given them in the Original Agreement unless the context clearly and unambiguously requires otherwise.

[*Signature page follows*]

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IN WITNESS WHEREOF, the undersigned have executed this Amendment on the Effective Date.

**ENTERPRISE FINANCIAL SERVICES CORP**

By: <u>/s/ James B. Lally</u>

Name: James B. Lally

Title: Chief Executive Officer

**EXECUTIVE:**

<u>/s/ Keene S. Turner</u>

Keene S. Turner

## Exhibit 10.2

**EXHIBIT 10.2**

**SECOND AMENDMENT TO ENTERPRISE FINANCIAL SERVICES CORP**

**EXECUTIVE EMPLOYMENT AGREEMENT**

THIS SECOND AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT (this "<u>Amendment</u>"), is made by and between **Douglas N. Bauche** (the "<u>Executive</u>") and **ENTERPRISE FINANCIAL SERVICES CORP**, a Delaware corporation (the "<u>Company</u>") effective as of October 1, 2025 (the "<u>Effective Date</u>").

WHEREAS, the Company and the Executive entered into an Executive Employment Agreement dated as of March 1, 2019, as amended by that First Amendment to Executive Employment Agreement dated August 4, 2023 (as amended, the "<u>Original Agreement</u>"); and

WHEREAS, the Company and the Executive have mutually agreed to amend the Original Agreement;

NOW, THEREFORE, the Original Agreement is amended as follows:

1. Section 2.1 shall be amended to read as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Position and Duties</u>. During the Term, Executive shall serve as Senior Executive Vice President and Chief Banking Officer of the Company. Executive shall have the duties, powers and authority as are consistent with his position, including such other duties and responsibilities as are reasonably delegated him from time to time by the President and Chief Executive Officer of the Company (the "CEO"), including taking positions with Subsidiaries (as defined below) of the Company. Executive shall report to the CEO.

2. Section 3.1 shall be amended to read as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Base Salary</u>. During the Term, the Company hereby agrees to pay to Executive an annualized base salary of $500,000 (the "Salary"), subject to all applicable Federal, state and local income and employment taxes and other required or elected withholdings and deductions, payable in equal installments on the Company's regularly-scheduled paydays as it is earned. Executive's Salary will be reviewed at least annually by the Company and, when appropriate as determined in the Company's discretion, may be increased but not decreased without consent of Executive (in which case such adjusted amount shall be the "Salary" hereunder).

3. Section 3.2 shall be amended to read as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Targeted Incentive</u>. For each calendar year that ends during the Term, Executive shall be entitled to participate in the Company's long term incentive plan and short term incentive plan (collectively, the "Targeted Incentives"). Executive shall be entitled to an annual Targeted Incentive of 50% of the then applicable Salary for the year for overall performance at Target. Any such participation will be at the discretion of the Company and shall be governed by the terms and subject to the conditions of such plans, as may be in effect from time to time, including without limitation conditions as to performance targets and length of service. Unless otherwise expressly indicated in any agreement or plan governing a Targeted Incentive, Executive shall not be eligible to receive any Targeted Incentive unless Executive is employed with the Company on the date such Targeted Incentive is paid. Unless otherwise expressly

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provided in the terms governing any Targeted Incentives, all Targeted Incentives earned by Executive will be paid not later than March 15 of the calendar year immediately following the calendar year to which the Targeted Incentive relates.

4. Except as expressly amended pursuant to this Amendment, the Original Agreement shall continue in full force and effect without modification.

5. Capitalized terms not defined herein shall have the meaning given them in the Original Agreement unless the context clearly and unambiguously requires otherwise.

[*Signature page follows*]

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IN WITNESS WHEREOF, the undersigned have executed this Amendment on the Effective Date.

**ENTERPRISE FINANCIAL SERVICES CORP**

By: <u>/s/ James B. Lally</u>

Name: James B. Lally

Title: Chief Executive Officer

**EXECUTIVE:**

<u>/s/ Douglas N. Bauche</u>

Douglas N. Bauche

<br>