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AI brief of an SEC Form 8-K · Frost Bank (CFR)

Cullen/Frost elects Hope Andrade to board, expands board to 14 members

Neutral Impact 2 of 5 leadership Written later

Cullen/Frost Bankers' board elected Hope Andrade as a director effective January 24, 2024, and expanded the board from 13 to 14 members. Andrade will serve on the Audit and Risk Committees, and the board determined she is independent; the filing discloses that her affiliated company had banking transactions with the bank in 2023 in the ordinary course of business.

Key points

  • Hope Andrade elected to the board on January 24, 2024; board size increased from 13 to 14 members
  • Andrade will serve on the Audit and Risk Committees and is compensated consistently with other non-employee directors
  • Go Rio San Antonio LLC, which Andrade beneficially owns, had banking transactions with Cullen/Frost in 2023; more are expected in 2024
  • Press release dated January 26, 2024 reports $50.8 billion in assets at December 31, 2023

The filing

CompanyFrost Bank (CFR)
Form8-K, current report
Filed with the SECJan 26, 2024, 10:10 AM ET
Accession number0000039263-24-000005

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing 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 January 26, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.