MICHAEL T. NORMILE

Corporate Board Profile

Tech Score: 0/100

ENTERPRISE FINANCIAL SERVICES CORP

Filing Date	Source Excerpt
2018-03-14	In 2017, the Audit Committee consisted of Directors Van Trease (Committee Chairperson), Arnold, Downey, Guest, Havel, Kent, and Schmidt. Director Downey retired from the Board in May 2017 and Director Guest retired from the Committee in February 2017. Mr. Arnold retired from the Committee in February 2018. Mr. Normile, was appointed to the Board and the Audit Committee in November 2017 and was determined to meet the NASDAQ independence standards as well as the additional requirements applicable to Audit Committee members. The Audit Committee met six times in 2017. The Risk Committee assists the Board in carrying out its responsibilities with respect to the comprehensive oversight of the types and levels of risk being incurred by the organization, and the effectiveness of the methods used to identify, monitor, manage, and report those risks. The charter for the Risk Committee may be found in the investor relations section of the Company's website at www.enterprisebank.com. All members of the Risk Committee are non-employee directors of the Company and the Bank. In 2017, the Risk Committee consisted of Directors Arnold (Committee Chairperson), Downey, Guest, Heeter, Normile, Schmitz, and four directors of the Bank subsidiary. Director Downey retired from the Risk Committee in May 2017; Director Schmitz joined the Board and Risk Committee in February 2017; and Director Normile joined the Risk Committee in December 2017. The Committee met four times in 2017. In 2017, non-employee directors received a $30,000 annual retainer, with Mr. Eulich receiving an $85,000 retainer for his service as chairperson of the Board and Executive Committee. Annual retainers are paid in July of each year for the upcoming 12 month period. Additionally, members receive $1,250 per board meeting attended. For committee service, the Chairpersons received an additional retainer as follows: Audit Committee - $10,000, Compensation Committee - $8,000, Risk Committee - $8,000 and Nominating and Governance Committee - $6,000. Non-Chairperson committee members receive $1,000 per committee meeting attended. Directors also receive attendance fees and retainers for service on the Bank's Board of Directors and for representing the holding company board on other committees and advisory boards. In 2017, Mr. Arnold and Mr. Eulich received cash fees of $19,500 and $14,500, respectively, for their services on the Bank's board of directors. Ms. Schmitz and Mr. Guest received a stipend of $950 and $10,200, respectively, for their service on Advisory Boards. Directors elect whether to receive their holding company board compensation in 100% common stock or 50% cash / 50% common stock. Shares are granted and issued on the cash payment date and are calculated using the grant date fair value. Such shares are not subject to vesting requirements. The shares are issued under the stockholder approved Stock Plan for Non-Management Directors. Michael T. Normile received total annual compensation of $7,500 in 2017.

Filing Date

Source Excerpt

2018-03-14

In 2017, the Audit Committee consisted of Directors Van Trease (Committee Chairperson), Arnold, Downey, Guest, Havel, Kent, and Schmidt. Director Downey retired from the Board in May 2017 and Director Guest retired from the Committee in February 2017. Mr. Arnold retired from the Committee in February 2018. Mr. Normile, was appointed to the Board and the Audit Committee in November 2017 and was determined to meet the NASDAQ independence standards as well as the additional requirements applicable to Audit Committee members. The Audit Committee met six times in 2017. The Risk Committee assists the Board in carrying out its responsibilities with respect to the comprehensive oversight of the types and levels of risk being incurred by the organization, and the effectiveness of the methods used to identify, monitor, manage, and report those risks. The charter for the Risk Committee may be found in the investor relations section of the Company's website at www.enterprisebank.com. All members of the Risk Committee are non-employee directors of the Company and the Bank. In 2017, the Risk Committee consisted of Directors Arnold (Committee Chairperson), Downey, Guest, Heeter, Normile, Schmitz, and four directors of the Bank subsidiary. Director Downey retired from the Risk Committee in May 2017; Director Schmitz joined the Board and Risk Committee in February 2017; and Director Normile joined the Risk Committee in December 2017. The Committee met four times in 2017. In 2017, non-employee directors received a $30,000 annual retainer, with Mr. Eulich receiving an $85,000 retainer for his service as chairperson of the Board and Executive Committee. Annual retainers are paid in July of each year for the upcoming 12 month period. Additionally, members receive $1,250 per board meeting attended. For committee service, the Chairpersons received an additional retainer as follows: Audit Committee - $10,000, Compensation Committee - $8,000, Risk Committee - $8,000 and Nominating and Governance Committee - $6,000. Non-Chairperson committee members receive $1,000 per committee meeting attended. Directors also receive attendance fees and retainers for service on the Bank's Board of Directors and for representing the holding company board on other committees and advisory boards. In 2017, Mr. Arnold and Mr. Eulich received cash fees of $19,500 and $14,500, respectively, for their services on the Bank's board of directors. Ms. Schmitz and Mr. Guest received a stipend of $950 and $10,200, respectively, for their service on Advisory Boards. Directors elect whether to receive their holding company board compensation in 100% common stock or 50% cash / 50% common stock. Shares are granted and issued on the cash payment date and are calculated using the grant date fair value. Such shares are not subject to vesting requirements. The shares are issued under the stockholder approved Stock Plan for Non-Management Directors. Michael T. Normile received total annual compensation of $7,500 in 2017.

Data sourced from SEC filings. Last updated: 2026-03-05