---
schema_version: "secwatch.filing_event.v1"
accession: "0000022356-24-000030"
form_type: "8-K"
ticker: "CBSH"
cik: "0000022356"
company_name: "COMMERCE BANCSHARES INC /MO/"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:44:06.403541+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Commerce Bancshares authorizes repurchase of up to 5 million shares

## Summary
- 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.

## SEC filing metadata
- accession: 0000022356-24-000030
- form_type: 8-K
- ticker: CBSH
- cik: 0000022356
- company_name: COMMERCE BANCSHARES INC /MO/
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22356/000002235624000030/0000022356-24-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22356/000002235624000030/cbsh-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000022356-24-000030
- JSON: https://secwatch.observer/filing/0000022356-24-000030.json
- Plain text: https://secwatch.observer/filing/0000022356-24-000030.txt

## Key facts
- Shareholder Votes
  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
  source text: Votes For Votes Against Votes Abstain Broker Non-Votes 86,062,202 8,088,604 563,031 20,299,454
  evidence_url: https://www.sec.gov/Archives/edgar/data/22356/000002235624000030/0000022356-24-000030-index.htm
- Shareholder Votes
  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
  source text: Votes For Votes Against Votes Abstain Broker Non-Votes 113,324,892 1,442,714 245,685 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/22356/000002235624000030/0000022356-24-000030-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/22356/000002235624000030/0000022356-24-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.