8-K
filed April 18, 2024, 7:59 PM ET
ticker CBSH
CIK 0000022356
other material
confidence high
sentiment positive
materiality 0.60
Commerce Bancshares authorizes repurchase of up to 5 million shares
COMMERCE BANCSHARES INC /MO/
- Board approved repurchase of up to 5,000,000 shares, combining with prior authorization from April 2022.
- Repurchases may be made through open market or private transactions, at management's discretion.
- Annual meeting results: three directors elected; KPMG ratified as auditor; say-on-pay passed.
- Over 88% of shares voted in favor of say-on-pay; all director nominees elected with large majorities.
- Company had 130,207,317 shares outstanding as of record date; 115,013,291 represented at meeting.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
COMMERCE BANCSHARES INC /MO/ shareholders approved Advisory approval of the Company’s executive compensation as disclosed pursuant to Item 402 of Regulation S-K. at the 2024-04-17 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-04-17
Exact text from the filing
Votes For Votes Against Votes Abstain Broker Non-Votes 86,062,202 8,088,604 563,031 20,299,454
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
COMMERCE BANCSHARES INC /MO/ shareholders approved Ratification of the selection of KPMG LLP as the Company’s independent registered public accounting firm for 2024. at the 2024-04-17 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-04-17
Exact text from the filing
Votes For Votes Against Votes Abstain Broker Non-Votes 113,324,892 1,442,714 245,685 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
COMMERCE BANCSHARES INC /MO/ shareholders approved Election of three directors to the 2027 Class for a term of three years. at the 2024-04-17 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-04-17
Exact text from the filing
Name of Director Votes For Votes Withheld Broker Non-Votes Terry D. Bassham 88,048,529 6,665,308 20,299,454 John W. Kemper 93,193,610 1,520,227 20,299,454 Jonathan M. Kemper 92,203,841 2,509,996 20,299,454
View on SEC.gov
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