Enterprise Financial (NASDAQ: EFSC) board committee chair exits
Rhea-AI Filing Summary
ENTERPRISE FINANCIAL SERVICES CORP (EFSC) reported the resignation of Sandra A. Van Trease from the Boards of Directors of the company and its wholly owned banking subsidiary, Enterprise Bank & Trust, effective August 19, 2026. Her resignation also covers all board committees on which she served.
Ms. Van Trease had been chairperson of the Nominating and Governance Committee and a member of the Audit, Human Capital and Compensation, and Executive Committees. She indicated that her decision to resign is not the result of any disagreement with management or the boards.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Effective resignation date: August 19, 2026
Preferred Stock dividend rate, Series A: 5.00%
Depositary share interest in preferred share: 1/40th interest per depositary share
3 metrics
Effective resignation date
August 19, 2026
Date on which Sandra A. Van Trease’s resignation from the boards became effective
Preferred Stock dividend rate, Series A
5.00%
Fixed rate on Non-Cumulative Perpetual Preferred Stock, Series A represented by depositary shares
Depositary share interest in preferred share
1/40th interest per depositary share
Each depositary share represents a 1/40th interest in a share of Series A Preferred Stock
Key Terms
Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Inline XBRL
3 terms
Non-Cumulative Perpetual Preferred Stock financial
"5.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
Inline XBRL technical
"The cover page of this on , formatted in Inline XBRL"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
What board change did ENTERPRISE FINANCIAL SERVICES CORP (EFSC) disclose?
EFSC disclosed that Sandra A. Van Trease resigned from the Boards of Directors of the company and its wholly owned subsidiary, Enterprise Bank & Trust, including all board committees on which she served, effective August 19, 2026.
Did Sandra A. Van Trease resign from Enterprise Financial Services Corp (EFSC) because of a disagreement?
No. The company states that Ms. Van Trease indicated her decision to resign is not the result of any disagreement with management or the Boards of Directors.
What roles did Sandra A. Van Trease hold on EFSC’s board before her resignation?
Before resigning, Ms. Van Trease was chairperson of the Nominating and Governance Committee and a member of the Audit, Human Capital and Compensation, and Executive Committees of Enterprise Financial Services Corp’s Board of Directors.
When did the resignation of Sandra A. Van Trease from EFSC become effective?
Her resignation from the Boards of Enterprise Financial Services Corp and Enterprise Bank & Trust became effective on August 19, 2026.
Which securities of EFSC are listed and where are they traded?
EFSC lists Common Stock, par value $0.01 per share (symbol EFSC) and Depositary Shares, each representing a 1/40th interest in a share of 5.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (symbol EFSCP) on the Nasdaq Global Select Market.
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