{"schema_version":"secwatch.filing_event.v1","accession":"0001018399-24-000049","form_type":"8-K","ticker":null,"cik":"0001018399","company_name":"ENTERPRISE BANCORP INC /MA/","filed_at":"2024-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.903372+00:00","generated_at":"2026-06-01T05:27:07.697344+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Enterprise Bancorp CEO Jack Clancy retires; Steven Larochelle named successor effective June 5","bullets":["CEO John P. Clancy Jr. retired after 35 years at the bank (17 as CEO); will serve as executive advisor through Sep 30, 2024.","Steven R. Larochelle, former Chief Banking Officer, appointed CEO and director, effective immediately.","Larochelle's employment agreement: base salary $600K, min total target direct comp $1.15M, 3-year initial term.","Larochelle received restricted stock grant valued at $250K (June 5, 2024) plus $100K grant effective Jan 2, 2025.","Clancy transition services agreement includes $200K annual salary through Sep 30, 2024, and COBRA benefits for 18 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001018399-24-000049","json":"https://secwatch.observer/filing/0001018399-24-000049.json","markdown":"https://secwatch.observer/filing/0001018399-24-000049.md","text":"https://secwatch.observer/filing/0001018399-24-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1018399/000101839924000049/0001018399-24-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1018399/000101839924000049/ebtc-20240605.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T05:27:07.697344+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"53f250a6c2","claim":"Steven R. Larochelle was appointed as Chief Executive Officer at ENTERPRISE BANCORP INC /MA/.","evidence_excerpt":"On June 5, 2024, the Boards of Directors of the Company and the Bank appointed Mr. Steven R. Larochelle to serve as the Chief Executive Officer of both the Company and the Bank, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1018399/000101839924000049/0001018399-24-000049-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"77ad165ad9","claim":"John P. Clancy, Jr. resigned as Chief Executive Officer at ENTERPRISE BANCORP INC /MA/.","evidence_excerpt":"On June 5, 2024, Mr. John P. Clancy, Jr., a director and the Chief Executive Officer of Enterprise Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, Enterprise Bank & Trust Company (the “Bank”), notified the Boards of Directors of the Company and the Bank of his decision to retire from the Boards of Directors and as Chief Executive Officer of the Company and the Bank and transition to an executive advisor role.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1018399/000101839924000049/0001018399-24-000049-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}