Cullen/Frost Shareholders Approve 2024 Equity Plan and Elect 12 Directors
At its April 24, 2024 annual meeting, Cullen/Frost shareholders approved the 2024 Equity Incentive Plan, which replaces the 2015 Omnibus Incentive Plan, and elected all twelve director nominees to one-year terms. Shareholders also gave nonbinding approval to executive compensation and ratified Ernst & Young LLP as independent auditor. The filing reports the vote counts but no change in financial results.
- 2024 Equity Incentive Plan approved April 24, 2024 with 53,268,092 votes for and 1,004,357 against; the 2015 Plan is replaced and no further grants will be made under it
- All 12 director nominees elected to one-year terms expiring at the 2025 Annual Meeting
- Nonbinding say-on-pay approved with 53,091,784 votes for and 1,153,675 against
- Ernst & Young LLP ratified as auditor for the fiscal year that began January 1, 2024, with 58,738,583 votes for