[8-K] ENTERPRISE FINANCIAL SERVICES CORP Reports Material Event

Rhea-AI Filing Summary

Enterprise Financial Services Corp. reported management changes effective October 1, 2025. Longtime EB&T President Scott Goodman, age 61, moved into a part-time Vice-Chairman role after 12 years as EB&T President and 22 years with the company. The company created a new Chief Banking Officer role filled by Doug Bauche, age 55, previously Chief Credit Officer and a company employee for over 25 years. Kevin Handley, age 56, was promoted to Chief Credit Officer and will report to Mr. Bauche; he joined the company in 2018. Keene Turner, age 45, was promoted to serve as Chief Operating Officer in addition to his role as Senior EVP, Chief Financial Officer. Troy Dumlao, age 52, will serve as Chief Financial Officer of EB&T while remaining Executive VP, Chief Accounting Officer; he joined the company in 2019.

Positive

• Planned succession: Scott Goodman transitioned to a part-time Vice-Chairman role effective October 1, 2025.
• Internal promotions: Doug Bauche promoted to newly-created Chief Banking Officer after serving as Chief Credit Officer since May 2023 and with the company for > 25 years.
• Credit leadership continuity: Kevin Handley promoted to Chief Credit Officer and will report to Mr. Bauche; with company since 2018.
• Finance/operations consolidation: Keene Turner will serve as Chief Operating Officer in addition to being Senior EVP, Chief Financial Officer.
• Accounting continuity at EB&T: Troy Dumlao named Chief Financial Officer of EB&T while remaining Executive VP, Chief Accounting Officer (with company since 2019).

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: Leadership succession executed via internal promotions and a part-time advisory transition.

The filing documents a planned transition where Scott Goodman moved to a part-time, non-management Vice-Chairman role effective October 1, 2025, and multiple internal promotions filled leadership roles.

This preserves institutional knowledge: the company promoted long-tenured employees—Doug Bauche (25+ years) to a newly created Chief Banking Officer role and elevated Kevin Handley to Chief Credit Officer. Two finance leaders, Keene Turner and Troy Dumlao, took expanded or additional duties relating to operations and EB&T finance respectively.

0001025835FALSE150 N. Meramec AvenueSt. LouisMissouri6310500010258352025-10-012025-10-010001025835us-gaap:CommonStockMember2025-10-012025-10-010001025835efsc:DepositarySharesMember2025-10-012025-10-01

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)

Delaware			001-15373			43-1706259
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

150 N. Meramec Avenue, St. Louis, Missouri (Address of principal executive offices) 63105 (Zip Code)

Registrant's telephone number, including area code

(314) 725-5500

Not applicable 

(Former name or former address, if changed since last report) 

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:

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

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. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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.

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.

Item 9.01 Financial Statements and Exhibits.

(d)     Exhibits.

Exhibit Number						Description
10.1						Fourth Amendment to Executive Employment Agreement dated as of October 1, 2025 by and between Enterprise Financial Services Corp and Keene S. Turner.
10.2						Second Amendment to Executive Employment Agreement dated as of October 1, 2025 by and between Enterprise Financial Services Corp and Douglas N. Bauche.
104						The cover page of this Current Report on Form 8-K, formatted in Inline XBRL.

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.

ENTERPRISE FINANCIAL SERVICES CORP

Date:

October 2, 2025

By:

/s/ Troy R. Dumlao

Troy R. Dumlao

Executive Vice President and Chief Accounting Officer

FAQ

What management changes did EFSC report in the 8-K?

Effective October 1, 2025, Scott Goodman moved to a part-time Vice-Chairman role; Doug Bauche became Chief Banking Officer; Kevin Handley became Chief Credit Officer; Keene Turner added Chief Operating Officer duties; and Troy Dumlao became Chief Financial Officer of EB&T.

Was the Chief Banking Officer role at EFSC newly created?

Yes. The filing states the Chief Banking Officer role was newly created and filled by Doug Bauche.

Do any of the promoted officers have family relationships with executives or directors?

No. The filing states there are no family relationships between Mr. Bauche or Mr. Handley and the company’s executive officers or directors.

Are there any reportable transactions related to the appointments?

No. The filing states there are no transactions required to be reported under Item 404(a) of Regulation S-K for Mr. Bauche or Mr. Handley.

Who will Mr. Handley report to after his promotion?

Mr. Handley will report to Doug Bauche, the new Chief Banking Officer.