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

Cullen/Frost Shareholders Approve 2024 Equity Plan and Elect 12 Directors

Neutral Impact 2 of 5 shareholder Written later

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.

Key points

  • 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

The filing

CompanyFrost Bank (CFR)
Form8-K, current report
Filed with the SECApr 25, 2024, 3:19 PM ET
Accession number0000039263-24-000041

Items reported: 5.02 Director / Officer Change5.07 Shareholder Vote Results

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 April 25, 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.