Commerce Bancshares authorizes repurchase of up to 7.5 million shares
Commerce Bancshares said its board increased the number of shares that may be repurchased, with up to 7,500,000 total shares authorized when combined with the amount remaining from the October 31, 2025 authorization. At its April 24, 2026 annual meeting, shareholders re-elected four directors, ratified KPMG LLP as auditor for 2026, and approved the advisory say-on-pay proposal; the company also named Steven A. Brandjord as Corporate Controller and Chief Accounting Officer, effective May 15, 2026.
Key points
- Board authorized up to 7,500,000 total shares for repurchase, combined with the remaining amount from the October 31, 2025 authorization, per an April 28, 2026 press release
- Annual meeting held April 24, 2026; 147,283,966 shares outstanding as of the record date, with 125,909,553 shares represented, so a quorum was present
- Shareholders elected Blackford F. Brauer, W. Kyle Chapman, Karen L. Daniel and David W. Kemper to terms expiring in 2029; KPMG LLP ratified and say-on-pay approved
- Steven A. Brandjord to become Corporate Controller and Chief Accounting Officer effective May 15, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.