secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0000039263-22-000037
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cullen/Frost elects Joseph A. Pierce to board, expanding to 12 directors
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- Joseph A. Pierce elected as independent director effective October 26, 2022; board size increased from 11 to 12.
- Pierce is Senior Vice President and General Counsel of AMB Sports and Entertainment (Atlanta Falcons, Atlanta United).
- He will serve on the Compensation & Benefits, Nominating and Governance, and Technology committees.
- His compensation is consistent with other non-employee directors; no related party transactions exist.
- Pierce previously held legal roles at Hornets Sports & Entertainment, Bank of America, and Comcast Sports.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000037/0000039263-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000037/cfr-20221026.htm
  HTML page:      https://secwatch.observer/filing/0000039263-22-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer