Commerce Bancshares (CBSH) AGM 2026 summary

Opening remarks and agenda

• The meeting was called to order with a welcome to virtual attendees, review of conduct rules, secretary's report, introduction of the board and public accountants, and an outline of business matters and voting procedures; a quorum was confirmed with over 125 million shares represented.

Board and executive committee updates

• Four directors were nominated and elected to serve until the 2029 annual meeting, with no other nominations received.

• CEO highlighted the successful integration of FineMark Holdings, enhancing private banking and wealth management capabilities.

Shareholder proposals

• Ratification of KPMG LLC as independent auditor for 2026 passed with over 98% approval.

• Advisory vote on executive compensation passed with 91% approval.