Enterprise Financial Services Corp Files Definitive Proxy Statement

TL;DR

<b>Enterprise Financial Services Corp has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

ENTERPRISE FINANCIAL SERVICES CORP (EFSCP) filed a Proxy Statement (DEF 14A) with the SEC on March 19, 2024. Enterprise Financial Services Corp filed a Definitive Proxy Statement (DEF 14A) on March 19, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 150 North Meramec Street, Clayton, MO 63105. Enterprise Financial Services Corp was formerly known as Enterbank Holdings Inc. The SIC code for the company is 6022 (State Commercial Banks).

Why It Matters

For investors and stakeholders tracking ENTERPRISE FINANCIAL SERVICES CORP, this filing contains several important signals. This DEF 14A filing provides detailed information on executive compensation, board of directors, and shareholder proposals, which are crucial for investors to understand corporate governance and management decisions. As a publicly traded financial institution, adherence to SEC filing requirements like this proxy statement is essential for maintaining transparency and regulatory compliance.

Risk Assessment

Risk Level: low — ENTERPRISE FINANCIAL SERVICES CORP shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance and disclosure practices with no immediate red flags.

Analyst Insight

Review the executive compensation details and any shareholder proposals within the DEF 14A to assess management's alignment with shareholder interests.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 6022 — SIC Code (Standard Industrial Classification)
• DE — State of Incorporation (State of incorporation)
• 431706259 — IRS Number (IRS number)
• 001-15373 — SEC File Number (SEC file number)
• 24763640 — Film Number (Film number)

Key Players & Entities

• ENTERPRISE FINANCIAL SERVICES CORP (company) — Filer name
• DEF 14A (filing) — Form type
• 2024-03-19T00:00:00.000Z (date) — Filing date
• 150 NORTH MERAMEC STREET (address) — Business address
• CLAYTON (location) — Business address city
• MO (location) — Business address state
• 63105 (postal_code) — Business address zip
• ENTERBANK HOLDINGS INC (company) — Former company name

FAQ

Industry Context

Enterprise Financial Services Corp operates within the commercial banking sector, as indicated by its SIC code 6022.

Regulatory Implications

As a financial institution, the company is subject to regulations overseen by the SEC, as evidenced by this DEF 14A filing.

What Investors Should Do

1. Review the proxy statement for details on the board of directors' composition and independence.
2. Analyze executive compensation packages, including base salary, bonuses, and equity awards.
3. Examine any shareholder proposals and management's recommendations.

Key Dates

• 2024-03-19: Filing Date — Definitive Proxy Statement filed
• 1996-10-24: Name Change — Date of former company name change

Year-Over-Year Comparison

This is the initial DEF 14A filing for the period ending December 31, 2023, and no prior filing data for this specific period is available in this extract.

Filing Documents

• efsc-20240318.htm (DEF 14A) — 958KB
• efsc-20240318_g1.jpg (GRAPHIC) — 24KB
• efsc-20240318_g2.jpg (GRAPHIC) — 92KB
• efsc-20240318_g3.jpg (GRAPHIC) — 101KB
• efsc-20240318_g4.jpg (GRAPHIC) — 89KB
• efsc-20240318_g5.jpg (GRAPHIC) — 482KB
• efsc-20240318_g6.jpg (GRAPHIC) — 271KB
• 0001025835-24-000023.txt (&nbsp;) — 4063KB
• efsc-20240318.xsd (EX-101.SCH) — 3KB
• efsc-20240318_def.xml (EX-101.DEF) — 5KB
• efsc-20240318_lab.xml (EX-101.LAB) — 6KB
• efsc-20240318_pre.xml (EX-101.PRE) — 4KB
• efsc-20240318_htm.xml (XML) — 134KB

EXECUTIVE COMPENSATION 15

EXECUTIVE COMPENSATION 15 COMPENSATION DISCUSSION AND ANALYSIS 15 COMPENSATION COMMITTEE REPORT 24 EXECUTIVE EMPLOYMENT AGREEMENTS 25 SUMMARY COMPENSATION TABLE 29 ALL OTHER COMPENSATION – SUPPLEMENTAL TABLE 30 PAY VERSUS PERFORMANCE 31 GRANTS OF PLAN-BASED AWARDS 35 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END 36 OPTION EXERCISES AND STOCK VESTED 37 NONQUALIFIED DEFERRED COMPENSATION 37 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 38 CHIEF EXECUTIVE OFFICER PAY RATIO 38 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 38 PROPOSAL 2. RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE LLP 39 PROPOSAL 3. ADVISORY (NON-BINDING) APPROVAL OF EXECUTIVE COMPENSATION 40 INFORMATION REGARDING BENEFICIAL OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 41 RELATED PERSON TRANSACTIONS 43 DELINQUENT SECTION 16(a) REPORTS 43 AUDIT COMMITTEE REPORT 44 FEES PAID TO INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 45 PROPOSALS OF SHAREHOLDERS 45 OTHER MATTERS 46 HOUSEHOLDING 46 ADDITIONAL INFORMATION 46 APPENDIX A – USE OF NON-GAAP FINANCIAL MEASURES 47 ENTERPRISE FINANCIAL SERVICES CORP 150 NORTH MERAMEC AVE CLAYTON, MISSOURI 63105 PROXY STATEMENT These proxy materials are delivered by the Board of Directors (the "Board") of Enterprise Financial Services Corp (the "Company" or "EFSC"), in connection with the solicitation of proxies to be voted at the 2024 Annual Meeting of Shareholders or any adjournment or postponement thereof. The meeting will be held virtually over the internet on Wednesday, May 1, 2024 at 5:00 p.m. Central Time. This Proxy Statement and the proxy card were first provided to shareholders on or about March 19, 2024. QUESTIONS ABOUT THE MEETING AND THESE PROXY MATERIALS What may I vote on and how does the Board recommend that I vote? Proposal Board Voting Recommendation 1. The election of 14 directors to hold office until the next annual meeting of shareholders or until the

View Full Filing

View this DEF 14A filing on SEC EDGAR