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Compiled from SEC Form N-PX filings and CULLEN/FROST BANKERS INC.’s Form 8-K, filed April 30, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.
Meeting of April 30, 2025: 15 items on CULLEN/FROST BANKERS INC.’s Form 8-K, filed April 30, 2025: 15 without a stated outcome.
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
Explore CULLEN/FROST BANKERS INC. in the interactive database Compare manager voting policies
These tallies are CULLEN/FROST BANKERS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed April 30, 2025 (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Hope Andrade | 52,557,377 | 678,610 | 73,991 | -- | 5,625,035 | 99% | Not verified | — |
| Elect Director: Chris M. Avery | 51,905,582 | 1,334,534 | 69,862 | -- | 5,625,035 | 97% | Not verified | — |
| Elect Director: Anthony R. Chase | 51,429,930 | 1,785,829 | 94,219 | -- | 5,625,035 | 97% | Not verified | — |
| Elect Director: Cynthia J. Comparin | 52,648,488 | 583,667 | 77,823 | -- | 5,625,035 | 99% | Not verified | — |
| Elect Director: Samuel G. Dawson | 51,950,843 | 1,277,414 | 81,721 | -- | 5,625,035 | 98% | Not verified | — |
| Elect Director: Crawford H. Edwards | 52,996,968 | 233,369 | 79,641 | -- | 5,625,035 | 99.5% | Not verified | — |
| Elect Director: John T. Engates | 53,172,826 | 55,257 | 81,895 | -- | 5,625,035 | 99.8% | Not verified | — |
| Elect Director: Phillip D. Green | 51,832,816 | 1,418,544 | 58,618 | -- | 5,625,035 | 97% | Not verified | — |
| Elect Director: David J. Haemisegger | 52,130,578 | 1,098,957 | 80,443 | -- | 5,625,035 | 98% | Not verified | — |
| Elect Director: Charles W. Matthews | 49,328,558 | 3,869,255 | 112,165 | -- | 5,625,035 | 93% | Not verified | — |
| Elect Director: Joseph A. Pierce | 51,918,599 | 1,294,306 | 97,073 | -- | 5,625,035 | 98% | Not verified | — |
| Elect Director: Linda B. Rutherford | 51,924,005 | 1,302,181 | 83,792 | -- | 5,625,035 | 98% | Not verified | — |
| Elect Director: Jack Willome | 51,967,444 | 1,226,466 | 116,068 | -- | 5,625,035 | 98% | Not verified | — |
| 2. To provide nonbinding approval of executive compensation | 50,909,698 | 1,782,930 | 617,350 | -- | 5,625,035 | 97% | Not verified | — |
| 3. To ratify the selection of Ernst & Young LLP to act as independent auditors of the Company for the fiscal year that began January 1, 2025 | 57,692,473 | 1,173,607 | 68,933 | -- | -- | 98% | Not verified | — |
Source: CULLEN/FROST BANKERS INC., Form 8-K, filed with the SEC on April 30, 2025 — read the filing on EDGAR.
Each item below shows how the 473 asset managers that disclosed a CULLEN/FROST BANKERS 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.
Combines 6 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Anthony R. Chase
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Anthony R. Chase”): 51,429,930 for, 1,785,829 against, per its Form 8-K filed April 30, 2025 (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: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,750,372 for, 67,846 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,870,251 | 1,612 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 234,343 | 38,350 | 0 | 0 | Mixed |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Charles W. Matthews
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Charles W. Matthews”): 49,328,558 for, 3,869,255 against, per its Form 8-K filed April 30, 2025 (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: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,442,170 for, 376,048 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,870,250 | 1,613 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,951,559 | 1,025 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 234,343 | 38,350 | 0 | 0 | Mixed |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 0 | 128,729 | 0 | 0 | Against |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Chris M. Avery
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Chris M. Avery”): 51,905,582 for, 1,334,534 against, per its Form 8-K filed April 30, 2025 (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: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,742,258 for, 75,960 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,870,251 | 1,612 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,951,721 | 863 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 234,343 | 38,350 | 0 | 0 | Mixed |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Crawford H. Edwards
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Crawford H. Edwards”): 52,996,968 for, 233,369 against, per its Form 8-K filed April 30, 2025 (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: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,818,218 for, 0 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,871,863 | 0 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 272,693 | 0 | 0 | 0 | For |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Cynthia J. Comparin
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Cynthia J. Comparin”): 52,648,488 for, 583,667 against, per its Form 8-K filed April 30, 2025 (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: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,687,481 for, 130,737 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,871,863 | 0 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 272,693 | 0 | 0 | 0 | For |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 0 | 128,729 | 0 | 0 | Against |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: David J. Haemisegger
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: David J. Haemisegger”): 52,130,578 for, 1,098,957 against, per its Form 8-K filed April 30, 2025 (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: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,775,071 for, 43,147 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,871,863 | 0 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,422 | 162 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 234,343 | 38,350 | 0 | 0 | Mixed |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Hope Andrade
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Hope Andrade”): 52,557,377 for, 678,610 against, per its Form 8-K filed April 30, 2025 (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: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,605,817 for, 212,401 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,871,863 | 0 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 272,693 | 0 | 0 | 0 | For |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 0 | 212,400 | 0 | 0 | Against |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Jack Willome
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Jack Willome”): 51,967,444 for, 1,226,466 against, per its Form 8-K filed April 30, 2025 (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: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,772,804 for, 45,414 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,870,251 | 1,612 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 234,343 | 38,350 | 0 | 0 | Mixed |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
99.8% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: John T. Engates
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: John T. Engates”): 53,172,826 for, 55,257 against, per its Form 8-K filed April 30, 2025 (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: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,818,218 for, 0 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,871,863 | 0 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 272,693 | 0 | 0 | 0 | For |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Joseph A. Pierce
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Joseph A. Pierce”): 51,918,599 for, 1,294,306 against, per its Form 8-K filed April 30, 2025 (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: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,560,403 for, 257,815 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,870,251 | 1,612 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 234,343 | 38,350 | 0 | 0 | Mixed |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 0 | 212,400 | 0 | 0 | Against |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Linda B. Rutherford
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Linda B. Rutherford”): 51,924,005 for, 1,302,181 against, per its Form 8-K filed April 30, 2025 (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: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,558,396 for, 259,822 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,870,251 | 1,612 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 234,343 | 38,350 | 0 | 0 | Mixed |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 0 | 212,400 | 0 | 0 | Against |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Phillip D. Green
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Phillip D. Green”): 51,832,816 for, 1,418,544 against, per its Form 8-K filed April 30, 2025 (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: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,785,137 for, 33,081 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,871,863 | 0 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,951,671 | 913 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 272,693 | 0 | 0 | 0 | For |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2026 Annual Meeting of Shareholders: Samuel G. Dawson
CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Samuel G. Dawson”): 51,950,843 for, 1,277,414 against, per its Form 8-K filed April 30, 2025 (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: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 23,772,804 for, 45,414 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,870,251 | 1,612 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 234,343 | 38,350 | 0 | 0 | Mixed |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 9 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: To provide nonbinding approval of executive compensation.
CULLEN/FROST BANKERS INC.’s own tally for this item (“2. To provide nonbinding approval of executive compensation”): 50,909,698 for, 1,782,930 against, per its Form 8-K filed April 30, 2025 (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: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Also reported under other wordings, matched to the same row of CULLEN/FROST BANKERS 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” (13 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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,871,863 | 0 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,952,584 | 0 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 272,693 | 0 | 0 | 0 | For |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 0 | 170,688 | 0 | 0 | Against |
| Jackson National | 54,656 | 98,439 | 0 | 0 | Mixed |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 0 | 0 | 128,729 | 0 | Abstain |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 0 | 105,727 | 0 | 0 | Against |
Fund voting reports, all 111 managers: 23,110,603 for, 519,510 against, 1 withheld, 140,328 abstained. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Aristotle Capital Management, LLC | 5,299,927 | 0 | 0 | 0 | For |
| State Street | 3,358,337 | 0 | 0 | 0 | For |
| BlackRock | 1,396,998 | 460 | 0 | 0 | For |
| KING LUTHER CAPITAL MANAGEMENT CORP | 1,335,161 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,161,305 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 1,100,780 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 799,589 | 0 | 0 | 0 | For |
| Northern Trust | 799,537 | 0 | 0 | 0 | For |
| Janus Henderson | 770,268 | 0 | 0 | 0 | For |
| Fidelity | 640,721 | 0 | 0 | 0 | For |
| John Hancock | 584,578 | 0 | 0 | 0 | For |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | 569,662 | 0 | 0 | 0 | For |
| Charles Schwab | 560,400 | 0 | 0 | 0 | For |
| Boston Trust Walden Co | 524,422 | 0 | 0 | 0 | For |
| Champlain Investment Partners, LLC | 442,854 | 0 | 0 | 0 | For |
| TCTC Holdings, LLC | 425,722 | 0 | 0 | 0 | For |
| BESSEMER INVESTMENT MANAGEMENT LLC | 424,800 | 0 | 0 | 0 | For |
| Bessemer Trust Co of California, N.A. | 424,800 | 0 | 0 | 0 | For |
| WESTWOOD HOLDINGS GROUP INC | 424,707 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 0 | 357,271 | 0 | 0 | Against |
| GW&K Investment Management, LLC | 328,554 | 0 | 0 | 0 | For |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | 315,241 | 0 | 0 | 0 | For |
| IMPAX ASSET MANAGEMENT LLC | 0 | 0 | 298,758 | 0 | Abstain |
| Natixis | 280,117 | 0 | 0 | 0 | For |
| Alberta Investment Management Corp | 275,000 | 0 | 0 | 0 | For |
Institutional-manager reports, all 382 managers: 28,281,757 for, 1,136,596 against, 313,752 abstained, 1,669 not voted. Showing the 25 largest; see all in the interactive database.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To ratify the selection of Ernst & Young LLP to act as independent auditors of Cullen/Frost for the fiscal year that began January 1, 2025;
CULLEN/FROST BANKERS INC.’s own tally for this item (“3. To ratify the selection of Ernst & Young LLP to act as independent auditors of the Company for the fiscal year that began January 1, 2025”): 57,692,473 for, 1,173,607 against, per its Form 8-K filed April 30, 2025 (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: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 116 asset managers below reported 23,785,424 for, 32,799 against, 11,599 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 7,870,251 | 1,612 | 0 | 0 | For |
| BlackRock | 3,476,172 | 0 | 0 | 0 | For |
| State Street | 1,951,559 | 1,025 | 0 | 0 | For |
| Fidelity | 1,504,487 | 0 | 0 | 0 | For |
| JANUS INVESTMENT FUND | 751,077 | 0 | 0 | 0 | For |
| Neuberger Berman | 720,931 | 0 | 0 | 0 | For |
| Dimensional | 718,442 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 710,000 | 0 | 0 | 0 | For |
| John Hancock | 612,301 | 0 | 0 | 0 | For |
| Charles Schwab | 551,367 | 0 | 0 | 0 | For |
| BOSTON TRUST WALDEN FUNDS | 443,740 | 0 | 0 | 0 | For |
| Equitable | 336,915 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 272,693 | 0 | 0 | 0 | For |
| ProShares | 221,744 | 0 | 0 | 0 | For |
| Natixis | 216,092 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 212,400 | 0 | 0 | 0 | For |
| MADISON FUNDS | 193,321 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 187,000 | 0 | 0 | 0 | For |
| WisdomTree | 170,688 | 0 | 0 | 0 | For |
| Jackson National | 153,095 | 0 | 0 | 0 | For |
| Advisers Investment Trust | 136,200 | 0 | 0 | 0 | For |
| IMPAX FUNDS SERIES TRUST I | 128,729 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 123,102 | 0 | 0 | 0 | For |
| Principal | 115,467 | 0 | 0 | 0 | For |
| Invesco | 105,727 | 0 | 0 | 0 | For |
Showing the 25 largest of 116 asset managers. See all 116 in the interactive database.
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 64,287,941 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 12.24% |
| 2 | BlackRock | 5.41% |
| 3 | State Street | 3.04% |
| 4 | Fidelity | 2.34% |
| 5 | JANUS INVESTMENT FUND | 1.17% |
| 6 | Neuberger Berman | 1.12% |
| 7 | Dimensional | 1.12% |
| 8 | Advisors' Inner Circle Fund II | 1.10% |
| 9 | John Hancock | 0.95% |
| 10 | Charles Schwab | 0.86% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Aristotle Capital Management, LLC | 8.24% |
| 2 | State Street | 5.22% |
| 3 | BlackRock | 2.17% |
| 4 | KING LUTHER CAPITAL MANAGEMENT CORP | 2.08% |
| 5 | Neuberger Berman | 1.81% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 1.71% |
| 7 | PRINCIPAL GLOBAL INVESTORS | 1.24% |
| 8 | Northern Trust | 1.24% |
| 9 | Janus Henderson | 1.20% |
| 10 | Fidelity | 1.00% |
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.
| Holder | % outstanding | Disclosure |
|---|---|---|
| Vanguard Group | 9.82% | 13F |
| BlackRock | 9.42% | 13F |
| Aristotle Capital Management, LLC | 7.41% | 13G |
| Vanguard Portfolio Management | 5.03% | 13G |
| STATE STREET CORPORATION | 4.82% | 13G |
| Champlain Investment Partners, LLC | 4.15% | 13G |
| FMR (Fidelity) | 1.98% | 13F |
| Dimensional Fund Advisors | 1.64% | 13F |
| Northern Trust | 1.64% | 13F |
| JPMorgan Chase | 1.22% | 13F |
Percentages above are of 64,287,941 shares outstanding, as reported by CULLEN/FROST BANKERS INC. on its Form 10-Q dated April 24, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
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 CULLEN/FROST BANKERS INC.’s 10-Q dated April 24, 2025. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.
At CULLEN/FROST BANKERS INC.'s shareholder meeting held April 30, 2025, in the 2024-2025 proxy season, 473 asset managers reported how they voted on 15 ballot items in their SEC Form N-PX filings, covering 6,770 separate fund positions. On the most widely held item on that ballot — To provide nonbinding approval of executive compensation. — FOR was 97% 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: CULLEN/FROST BANKERS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on April 30, 2025.
CULLEN/FROST BANKERS INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.
Download data (CSV): ballot items · votes by manager · column guide.