BuybackApr 28, 2026, 12:41 PM
CBSH Board Authorizes Repurchase of Up to 7.5M Shares
AI Summary
Commerce Bancshares, Inc. announced its Board authorized an increase in its share repurchase program, allowing for the repurchase of up to 7,500,000 total shares of common stock. Additionally, the company held its Annual Meeting on April 24, 2026, where shareholders elected four directors to the 2029 Class, ratified KPMG LLP as the independent auditor for 2026, and approved the executive compensation on an advisory basis. The company also confirmed the appointment of Steven A. Brandjord as Corporate Controller and Chief Accounting Officer, effective May 15, 2026.
Key Highlights
- Board authorized repurchase of up to 7,500,000 total shares of common stock through its program.
- Annual Meeting held on April 24, 2026, with 125,909,553 shares represented, establishing a quorum.
- Four directors (Blackford F. Brauer, W. Kyle Chapman, Karen L. Daniel, David W. Kemper) were elected to the 2029 Class.
- Shareholders ratified KPMG LLP as the independent auditor for 2026 with 123,852,832 votes For.
- Advisory approval of executive compensation passed with 92,591,887 votes For.
- Steven A. Brandjord appointed Corporate Controller and Chief Accounting Officer, effective May 15, 2026.