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Commerce Bancshares, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Commerce Bancshares, Inc.’s Form 8-K, filed April 28, 2026 (Item 5.07 on EDGAR). Page generated October 14, 2026.

  • 6Ballot items
  • 456Asset managers
  • 3,030Fund votes
  • April 24, 2026Meeting date

Results at a glance

Meeting of April 24, 2026: 6 items on Commerce Bancshares, Inc.’s Form 8-K, filed April 28, 2026: 4 elected · 1 approved · 1 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Commerce Bancshares, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Commerce Bancshares, Inc.

These tallies are Commerce Bancshares, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed April 28, 2026 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

Commerce Bancshares, Inc. — official shareholder meeting results, meeting held April 24, 2026
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Blackford F. Brauer 99,672,349---- 1,909,50724,327,697 98%Elected—
Elect Director: W. Kyle Chapman 99,007,611---- 2,573,50924,327,697 97%Elected—
Elect Director: Karen L. Daniel 94,222,104---- 7,359,75224,327,697 93%Elected—
Elect Director: David W. Kemper 98,465,704---- 3,116,15224,327,697 97%Elected—
(2) Ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for 2026. The proposal received the following votes: 123,852,8321,875,793180,928 ---- 99%Approved—
3. Advisory approval of the Company's executive compensation as disclosed pursuant to Item 402 of Regulation S-K 92,591,8878,291,071698,898 --24,327,697 92%Not verified—

Source: Commerce Bancshares, Inc., Form 8-K, filed with the SEC on April 28, 2026 — read the filing on EDGAR.

How asset managers voted at the Commerce Bancshares, Inc. 2025-2026 meeting

Each item below shows how the 456 asset managers that disclosed a Commerce Bancshares, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Blackford F. Brauer

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 99,672,349WITHHELD: 1,909,507
Details: description as filed, official tally, votes by 89 asset managers

Description as filed by funds: Nominees: Class of 2029: Blackford F. Brauer

Commerce Bancshares, Inc.’s own tally for this item (“Elect Director: Blackford F. Brauer”): 99,672,349 for, 1,909,507 withheld, per its Form 8-K filed April 28, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The four nominees for the four directorships received the following votes: Based on the votes set forth above, the foregoing persons were duly elected to serve as directors for a term expiring at the annual meeting of shareholders in 2029 and until their respective successors have been duly elected…”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 89 asset managers below reported 42,549,365 for, 187,754 withheld, 8 abstained, 95 not voted.

FOR
FOR: 42,549,365ABSTAIN: 8WITHHOLD: 187,754NOT VOTED: 95
Largest asset managers voting on “Nominees: Class of 2029: Blackford F. Brauer” at Commerce Bancshares, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard14,043,9930 80For
BlackRock7,006,4290 00For
American Century3,980,5820 00For
First Trust2,482,2500 00For
Fidelity2,399,4450 00For
Dimensional1,208,6020 00For
JPMorgan1,072,5770 00For
Charles Schwab1,041,6020 00For
Calvert826,3620 00For
Advisors' Inner Circle Fund II758,0000 00For
Virtus744,4160 00For
BOSTON TRUST WALDEN FUNDS696,9060 00For
Jackson National573,4760 00For
Lincoln Financial483,7580 00For
ProShares476,0310 00For
Bridge Builder Trust428,3920 00For
Equitable265,1360 0140,328Mixed
Northwestern Mutual333,9520 00For
Victory Capital321,5570 00For
Voya310,6330 00For
TIAA263,0400 00For
Invesco254,7010 00For
WisdomTree181,3060 00For
AMG Funds IV180,7060 00For
John Hancock171,8350 00For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

2. Elect Director: David W. Kemper

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 98,465,704WITHHELD: 3,116,152
Details: description as filed, official tally, votes by 89 asset managers

Description as filed by funds: Nominees: Class of 2029: David W. Kemper

Commerce Bancshares, Inc.’s own tally for this item (“Elect Director: David W. Kemper”): 98,465,704 for, 3,116,152 withheld, per its Form 8-K filed April 28, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The four nominees for the four directorships received the following votes: Based on the votes set forth above, the foregoing persons were duly elected to serve as directors for a term expiring at the annual meeting of shareholders in 2029 and until their respective successors have been duly elected…”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 89 asset managers below reported 41,733,676 for, 1,003,437 withheld, 14 abstained, 95 not voted.

FOR
FOR: 41,733,676ABSTAIN: 14WITHHOLD: 1,003,437NOT VOTED: 95
Largest asset managers voting on “Nominees: Class of 2029: David W. Kemper” at Commerce Bancshares, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard14,033,2400 1410,746For
BlackRock7,006,4290 00For
American Century3,980,5820 00For
First Trust2,482,2500 00For
Fidelity2,399,4450 00For
Dimensional1,208,6020 00For
JPMorgan1,072,5770 00For
Charles Schwab1,041,6020 00For
Calvert00 0826,362Withhold
Advisors' Inner Circle Fund II758,0000 00For
Virtus744,4160 00For
BOSTON TRUST WALDEN FUNDS696,9060 00For
Jackson National573,4760 00For
Lincoln Financial483,7580 00For
ProShares476,0310 00For
Bridge Builder Trust428,3920 00For
Equitable265,1360 0140,328Mixed
Northwestern Mutual333,9520 00For
Victory Capital321,5570 00For
Voya310,6330 00For
TIAA263,0400 00For
Invesco254,7010 00For
WisdomTree181,3060 00For
AMG Funds IV180,7060 00For
John Hancock171,8350 00For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

3. Elect Director: Karen L. Daniel

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 94,222,104WITHHELD: 7,359,752
Details: description as filed, official tally, votes by 89 asset managers

Description as filed by funds: Nominees: Class of 2029: Karen L. Daniel

Commerce Bancshares, Inc.’s own tally for this item (“Elect Director: Karen L. Daniel”): 94,222,104 for, 7,359,752 withheld, per its Form 8-K filed April 28, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The four nominees for the four directorships received the following votes: Based on the votes set forth above, the foregoing persons were duly elected to serve as directors for a term expiring at the annual meeting of shareholders in 2029 and until their respective successors have been duly elected…”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 89 asset managers below reported 40,887,060 for, 1,829,433 withheld, 20,634 abstained, 95 not voted.

FOR
FOR: 40,887,060ABSTAIN: 20,634WITHHOLD: 1,829,433NOT VOTED: 95
Largest asset managers voting on “Nominees: Class of 2029: Karen L. Daniel” at Commerce Bancshares, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard14,033,2310 2310,746For
BlackRock7,006,4290 00For
American Century3,980,5820 00For
First Trust2,482,2500 00For
Fidelity2,399,4450 00For
Dimensional1,208,6020 00For
JPMorgan1,072,5770 00For
Charles Schwab1,041,3860 0216For
Calvert00 0826,362Withhold
Advisors' Inner Circle Fund II758,0000 00For
Virtus744,4160 00For
BOSTON TRUST WALDEN FUNDS00 0696,906Withhold
Jackson National573,4760 00For
Lincoln Financial446,0480 037,710Mixed
ProShares476,0310 00For
Bridge Builder Trust428,3920 00For
Equitable265,1360 0140,328Mixed
Northwestern Mutual333,9520 00For
Victory Capital321,5570 00For
Voya310,6330 00For
TIAA263,0400 00For
Invesco254,7010 00For
WisdomTree181,3060 00For
AMG Funds IV180,7060 00For
John Hancock171,8350 00For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

4. Elect Director: W. Kyle Chapman

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 99,007,611WITHHELD: 2,573,509
Details: description as filed, official tally, votes by 89 asset managers

Description as filed by funds: Nominees: Class of 2029: W. Kyle Chapman

Commerce Bancshares, Inc.’s own tally for this item (“Elect Director: W. Kyle Chapman”): 99,007,611 for, 2,573,509 withheld, per its Form 8-K filed April 28, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The four nominees for the four directorships received the following votes: Based on the votes set forth above, the foregoing persons were duly elected to serve as directors for a term expiring at the annual meeting of shareholders in 2029 and until their respective successors have been duly elected…”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 89 asset managers below reported 42,549,363 for, 187,754 withheld, 10 abstained, 95 not voted.

FOR
FOR: 42,549,363ABSTAIN: 10WITHHOLD: 187,754NOT VOTED: 95
Largest asset managers voting on “Nominees: Class of 2029: W. Kyle Chapman” at Commerce Bancshares, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard14,043,9910 100For
BlackRock7,006,4290 00For
American Century3,980,5820 00For
First Trust2,482,2500 00For
Fidelity2,399,4450 00For
Dimensional1,208,6020 00For
JPMorgan1,072,5770 00For
Charles Schwab1,041,6020 00For
Calvert826,3620 00For
Advisors' Inner Circle Fund II758,0000 00For
Virtus744,4160 00For
BOSTON TRUST WALDEN FUNDS696,9060 00For
Jackson National573,4760 00For
Lincoln Financial483,7580 00For
ProShares476,0310 00For
Bridge Builder Trust428,3920 00For
Equitable265,1360 0140,328Mixed
Northwestern Mutual333,9520 00For
Victory Capital321,5570 00For
Voya310,6330 00For
TIAA263,0400 00For
Invesco254,7010 00For
WisdomTree181,3060 00For
AMG Funds IV180,7060 00For
John Hancock171,8350 00For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

5. 3. Advisory approval of the Company's executive compensation as disclosed pursuant to Item 402 of Regulation S-K

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 19 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%
FOR: 92,591,887AGAINST: 8,291,071
Details: description as filed, official tally, votes by 448 asset managers

Description as filed by funds: Advisory approval of the Company's executive compensation ("Say on Pay").

Commerce Bancshares, Inc.’s own tally for this item (“3. Advisory approval of the Company's executive compensation as disclosed pursuant to Item 402 of Regulation S-K”): 92,591,887 for, 8,291,071 against, per its Form 8-K filed April 28, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of Commerce Bancshares, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (10 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 89 asset managers voting on “Advisory approval of the Company's executive compensation ("Say on Pay").” at Commerce Bancshares, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard14,043,96830 40For
BlackRock7,006,4290 00For
American Century3,980,5820 00For
First Trust2,482,2500 00For
Fidelity2,399,4450 00For
Dimensional1,208,6020 00For
JPMorgan1,072,5770 00For
Charles Schwab1,041,6020 00For
Virtus1,003,1020 00For
Calvert0826,362 00Against
Advisors' Inner Circle Fund II758,0000 00For
BOSTON TRUST WALDEN FUNDS0696,906 00Against
Jackson National399,749173,727 00Mixed
ProShares476,0310 00For
Bridge Builder Trust428,3920 00For
Equitable405,4640 00For
Northwestern Mutual274,97458,978 00Mixed
Victory Capital321,5570 00For
Voya310,6330 00For
TIAA0263,040 00Against
Invesco0254,701 00Against
WisdomTree0181,306 00Against
AMG Funds IV180,7060 00For
John Hancock171,8350 00For
Northern Trust0144,701 00Against

Fund voting reports, all 89 managers: 39,735,199 for, 2,688,498 against, 21,452 abstained, 95 not voted, 133 mixed. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 383 asset managers voting on “Advisory approval of the Company's executive compensation ("Say on Pay").” at Commerce Bancshares, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
American Century5,688,0240 00For
BlackRock4,768,68040,030 00For
COMMERCE BANK3,681,9380 00For
GEODE CAPITAL MANAGEMENT, LLC2,814,8790 00For
WELLS FARGO CLEARING SERVICES, LLC1,244,7090 00For
Charles Schwab1,062,0730 00For
BOSTON TRUST WALDEN NATIONAL ASSOCIATION01,027,272 00Against
Vanguard1,002,2750 00For
Northern Trust54,638942,664 00Mixed
Calvert0903,415 00Against
COOKE & BIELER LP824,9770 00For
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC791,6420 00For
MELLON INVESTMENTS Corp0764,609 00Against
AQR756,4930 00For
Victory Capital709,19010,236 00For
Dimensional627,4980 00For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP537,26465,345 00Mixed
Arbejdsmarkedets Tillaegspension468,8140 00For
Citadel454,3960 00For
Champlain Investment Partners, LLC435,4590 00For
Goldman Sachs33,689376,493 00Mixed
PARAMETRIC PORTFOLIO ASSOCIATES LLC324,2030 00For
Two Sigma322,7550 00For
River Road Asset Management, LLC317,3800 00For
Voya310,6330 00For

Institutional-manager reports, all 383 managers: 34,364,722 for, 5,755,071 against, 1,075 abstained, 38,262 not voted. Showing the 25 largest; see all in the interactive database.

6. (2) Ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for 2026…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

99% Approved · of votes cast

FOR 99%
FOR: 123,852,832AGAINST: 1,875,793
Details: description as filed, official tally, votes by 89 asset managers

Description as filed by funds: TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2026.

Commerce Bancshares, Inc.’s own tally for this item (“(2) Ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for 2026. The proposal received the following votes:”): 123,852,832 for, 1,875,793 against — passed, per its Form 8-K filed April 28, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Based on the votes set forth above, the appointment of KPMG LLP as the Company's independent registered public accounting firm to serve for 2026 was duly ratified by the shareholders.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 89 asset managers below reported 42,621,162 for, 94,517 against, 21,448 abstained, 95 not voted.

FOR
FOR: 42,621,162AGAINST: 94,517ABSTAIN: 21,448NOT VOTED: 95
Largest asset managers voting on “TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2026.” at Commerce Bancshares, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard14,033,24710,753 00For
BlackRock7,006,4290 00For
American Century3,980,5820 00For
First Trust2,482,2500 00For
Fidelity2,399,4450 00For
Dimensional1,208,6020 00For
JPMorgan1,016,51856,059 00Mixed
Charles Schwab1,041,6020 00For
Calvert826,3620 00For
Advisors' Inner Circle Fund II758,0000 00For
Virtus744,4160 00For
BOSTON TRUST WALDEN FUNDS696,9060 00For
Jackson National573,4760 00For
Lincoln Financial483,7580 00For
ProShares476,0310 00For
Bridge Builder Trust428,3920 00For
Equitable405,4640 00For
Northwestern Mutual333,9520 00For
Victory Capital321,5570 00For
Voya310,6330 00For
TIAA263,0400 00For
Invesco254,7010 00For
WisdomTree181,3060 00For
AMG Funds IV180,7060 00For
John Hancock171,8350 00For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

Largest Commerce Bancshares, Inc. shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 146,879,273 shares outstanding at the time of that meeting.

Fund voting reports: top Commerce Bancshares, Inc. shareholders by shares voted on “Advisory approval of the Company's executive compensation ("Say on Pay").”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 9.56%
2BlackRock 4.77%
3American Century 2.71%
4First Trust 1.69%
5Fidelity 1.63%
6Dimensional 0.82%
7JPMorgan 0.73%
8Charles Schwab 0.71%
9Virtus 0.68%
10Calvert 0.56%
Institutional-manager reports: top Commerce Bancshares, Inc. shareholders by shares voted on “Advisory approval of the Company's executive compensation ("Say on Pay").”, 2025-2026
#Asset manager % of shares outstanding
1American Century 3.87%
2BlackRock 3.27%
3COMMERCE BANK 2.51%
4GEODE CAPITAL MANAGEMENT, LLC 1.92%
5WELLS FARGO CLEARING SERVICES, LLC 0.85%
6Charles Schwab 0.72%
7BOSTON TRUST WALDEN NATIONAL ASSOCIATION 0.70%
8Vanguard 0.68%
9Northern Trust 0.68%
10Calvert 0.62%

Reported Commerce Bancshares, Inc. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

Commerce Bancshares, Inc. holdings and ownership disclosed for the 2025-2026 proxy season
Holder % outstanding Disclosure
Vanguard Group 10.00% 13F
BlackRock 8.81% 13F
COMMERCE BANK 5.76% 13G
STATE STREET CORPORATION 5.01% 13G
Dimensional Fund Advisors 2.68% 13F
Geode Capital 2.03% 13F
Morgan Stanley 1.66% 13F
AQR Capital 1.27% 13F
JPMorgan Chase 1.10% 13F
David W. Kemper 0.88% DEF14A

Percentages above are of 146,879,273 shares outstanding, as reported by Commerce Bancshares, Inc. on its Form 10-K dated February 20, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Commerce Bancshares, Inc.’s 10-K dated February 20, 2026. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At Commerce Bancshares, Inc.'s shareholder meeting held April 24, 2026, in the 2025-2026 proxy season, 456 asset managers reported how they voted on 6 ballot items in their SEC Form N-PX filings, covering 3,030 separate fund positions. On the most widely held item on that ballot — Advisory approval of the Company's executive compensation ("Say on Pay"). — FOR was 92% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Commerce Bancshares, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on April 28, 2026.

Commerce Bancshares, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Download data (CSV): ballot items · votes by manager · column guide.