Commerce Bancshares AGM: Directors Elected, KPMG Ratified, Say-on-Pay Wins 91% Support

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Mon, April 27, 2026 astatine 10:45 AM CDT 7 min read

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Shareholders elected 4 directors to the 2029 people (Blackford F. Brauer, W. Kyle Chapman, Karen L. Daniel and David W. Kemper), ratified KPMG arsenic auditor with implicit 98% support, and approved the advisory Say-on-Pay connection with 91% of votes.
Commerce reported grounds 2025 results with nett income of $566 million (EPS $4.04), ROA 1.79% and ROE 15.8%, returned $200 million via stock repurchases and marked its 58th consecutive yearly dividend increase.
The acquisition of FineMark closed connected Jan. 1, 2026, onboarding $2.7 cardinal successful loans, $2.1 cardinal successful deposits and $8.7 cardinal successful spot assets to assistance assets nether medication to >$90 billion, with systems conversion and integration connected way for Q4 2026.
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Commerce Bancshares (NASDAQ:CBSH) shareholders elected 4 directors, ratified KPMG arsenic the company’s autarkic auditor for 2026, and approved the advisory “Say connected Pay” connection during the company’s 2026 yearly meeting, which was held virtually.

Commerce Executive Chairman David Kemper opened the gathering and introduced the board, portion Corporate Secretary Peggy Rowe reported that a quorum was present. Rowe said proxies representing 125,909,553 shares had been received retired of 147,283,966 shares outstanding, and that announcement of the yearly gathering had been furnished to shareholders of grounds arsenic of Feb. 17, 2026.

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Shareholders elected the board’s nominees to the 2029 people of directors. Rowe reported that Blackford F. Brauer, W. Kyle Chapman, Karen L. Daniel, and David W. Kemper each received capable votes to beryllium elected, with nary different nominations submitted.

In different voting matters:

KPMG LLC was ratified arsenic autarkic registered nationalist accounting steadfast for 2026 by over 98% of shares voted, Rowe said.
The advisory ballot connected enforcement compensation passed, with 91% of votes formed successful favour of Proposal 3, according to Rowe.

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The relation besides introduced Steven Penn and Jenny Pearson of KPMG, who attended virtually and were disposable for shareholder questions. No questions were submitted during the Q&A portion, and the gathering was adjourned.

President and CEO John Kemper delivered the “state of the company” presentation, describing 2025 arsenic “a precise bully year” contempt “both successes and challenges.” He pointed shareholders to the company’s yearly study theme, “From Insight to Action,” which helium said reflects the request for some “sound strategy and disciplined execution” successful a play of accelerated change.

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