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COMMERCE BANCSHARES INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and COMMERCE BANCSHARES INC.’s Form 8-K, filed 2024-04-18 (Item 5.07 on EDGAR). Page generated 02 October 2026.

7Reported items
387Asset managers
2,315Fund votes
2024-04-17Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore COMMERCE BANCSHARES INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by COMMERCE BANCSHARES INC.

These tallies are COMMERCE BANCSHARES INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2024-04-18 (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.

COMMERCE BANCSHARES INC. — official shareholder meeting results, meeting held 2024-04-17
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Terry D. Bassham	88,048,529	--	--	6,665,308	20,299,454	Majority: yes
Elect Director: John W. Kemper	93,193,610	--	--	1,520,227	20,299,454	Majority: yes
Elect Director: Jonathan M. Kemper	92,203,841	--	--	2,509,996	20,299,454	Majority: yes

This meeting is also recorded here as 2024-04-18; both records come from the same filing, so the date should be checked against it.

Source: COMMERCE BANCSHARES INC., Form 8-K, filed with the SEC on 2024-04-18 — read the filing on EDGAR.

How asset managers voted at the COMMERCE BANCSHARES INC. 2023-2024 meeting

Each item below shows how the 387 asset managers that disclosed a COMMERCE BANCSHARES 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of COMMERCE BANCSHARES INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION.

SECTION 14A SAY-ON-PAY VOTES

Combines 9 wordings of this item as funds reported it.

90% fund support · no official result

FOR 90%10%

The 370 asset managers below cast 90% of the shares they voted on this item FOR (74,463,743 for, 8,401,131 against).

FOR: 74,463,743 (89.7%)AGAINST: 8,401,131 (10.1%)ABSTAIN: 25,081 (0.0%)AGAINST AND FOR: 100,474 (0.1%)NOT VOTED: 4,718 (0.0%)UNKNOWN: 466 (0.0%)

Largest asset managers voting on “ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION.” at COMMERCE BANCSHARES INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	17,187,248	0	For
BlackRock	9,068,653	39,555	For
Aristotle Capital Management, LLC	8,064,828	13,331	For
State Street	6,929,224	0	For
American Century	4,333,505	331,576	For
COMMERCE BANK	3,428,764	0	For
Calvert	0	2,973,870	Against
JPMorgan	2,403,723	0	For
GEODE CAPITAL MANAGEMENT, LLC	2,072,156	0	For
Fidelity	2,064,036	0	For
Charles Schwab	1,960,949	0	For
Dimensional	1,636,604	0	For
Bridge Builder Trust	976,445	8,782	For
Northern Trust	799,921	18,810	For
MELLON INVESTMENTS Corp	0	721,496	Against
COOKE & BIELER LP	719,389	0	For
SCHRODER INVESTMENT MANAGEMENT GROUP	0	718,385	Against
Equitable	662,749	0	For
Virtus	591,995	0	For
ProShares	562,227	0	For
Boston Trust Walden Co	0	546,378	Against
Voya	0	537,960	Against
Invesco	507,159	0	For
PRINCIPAL GLOBAL INVESTORS	437,887	0	For
Jackson National	222,675	204,221	For

Showing the 25 largest of 370 asset managers. See all 370 in the interactive database.

2. To elect three Directors to the 2027 Class for a term of three years: John W. Kemper

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 93,193,610WITHHELD: 1,520,227

COMMERCE BANCSHARES INC.’s own tally for this item (“Elect Director: John W. Kemper”): 93,193,610 for, 1,520,227 withheld, per its Form 8-K filed 2024-04-18 (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. Of all 129,877,146 outstanding shares: 72% for, 1% withheld (73% of the company cast a for/withheld vote).

The 92 asset managers below cast 100% of the shares they voted on this item FOR (44,627,282 for, 0 against).

FOR 99.9%

FOR: 44,627,282 (99.9%)ABSTAIN: 44,406 (0.1%)

Largest asset managers voting on “To elect three Directors to the 2027 Class for a term of three years: John W. Kemper” at COMMERCE BANCSHARES INC., 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	17,013,305	0	For
BlackRock	6,170,142	0	For
State Street	3,464,635	0	For
JPMorgan	2,348,285	0	For
Fidelity	2,058,061	0	For
American Century	2,011,507	0	For
Calvert	1,473,668	0	For
Dimensional	1,173,046	0	For
Bridge Builder Trust	976,445	8,782	For
Charles Schwab	975,355	0	For
Equitable	662,749	0	For
Virtus	591,995	0	For
ProShares	562,227	0	For
Jackson National	426,896	0	For
BOSTON TRUST WALDEN FUNDS	388,620	0	For
HARBOR FUNDS	365,100	0	For
TIAA	280,122	0	For
Voya	268,980	0	For
Northern Trust	236,432	0	For
Invesco	221,465	0	For
First Trust	196,693	0	For
WisdomTree	188,479	0	For
AIG/SunAmerica	170,302	0	For
John Hancock	166,889	0	For
Hartford	162,101	0	For

Showing the 25 largest of 92 asset managers. See all 92 in the interactive database.

3. To elect three Directors to the 2027 Class for a term of three years: Jonathan M. Kemper

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 92,203,841WITHHELD: 2,509,996

COMMERCE BANCSHARES INC.’s own tally for this item (“Elect Director: Jonathan M. Kemper”): 92,203,841 for, 2,509,996 withheld, per its Form 8-K filed 2024-04-18 (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. Of all 129,877,146 outstanding shares: 71% for, 2% withheld (73% of the company cast a for/withheld vote).

The 92 asset managers below cast 100% of the shares they voted on this item FOR (44,467,772 for, 0 against).

FOR 99.5%

FOR: 44,467,772 (99.5%)ABSTAIN: 203,916 (0.5%)

Largest asset managers voting on “To elect three Directors to the 2027 Class for a term of three years: Jonathan M. Kemper” at COMMERCE BANCSHARES INC., 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	17,013,305	0	For
BlackRock	6,170,142	0	For
State Street	3,464,635	0	For
JPMorgan	2,348,285	0	For
Fidelity	2,058,061	0	For
American Century	2,011,507	0	For
Calvert	1,473,668	0	For
Dimensional	1,173,046	0	For
Bridge Builder Trust	976,445	8,782	For
Charles Schwab	975,355	0	For
Equitable	662,749	0	For
Virtus	591,995	0	For
ProShares	562,227	0	For
Jackson National	426,896	0	For
BOSTON TRUST WALDEN FUNDS	388,620	0	For
HARBOR FUNDS	365,100	0	For
TIAA	280,122	0	For
Voya	268,980	0	For
Northern Trust	236,432	0	For
Invesco	221,465	0	For
First Trust	196,693	0	For
WisdomTree	188,479	0	For
AIG/SunAmerica	170,302	0	For
John Hancock	166,889	0	For
Hartford	162,101	0	For

Showing the 25 largest of 92 asset managers. See all 92 in the interactive database.

4. To elect three Directors to the 2027 Class for a term of three years: Terry D. Bassham

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%7%

FOR: 88,048,529WITHHELD: 6,665,308

COMMERCE BANCSHARES INC.’s own tally for this item (“Elect Director: Terry D. Bassham”): 88,048,529 for, 6,665,308 withheld, per its Form 8-K filed 2024-04-18 (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. Of all 129,877,146 outstanding shares: 68% for, 5% withheld (73% of the company cast a for/withheld vote).

The 92 asset managers below cast 100% of the shares they voted on this item FOR (43,405,327 for, 0 against).

FOR 97%

FOR: 43,405,327 (97.2%)ABSTAIN: 1,266,361 (2.8%)

Largest asset managers voting on “To elect three Directors to the 2027 Class for a term of three years: Terry D. Bassham” at COMMERCE BANCSHARES INC., 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	17,013,305	0	For
BlackRock	6,170,142	0	For
State Street	3,464,635	0	For
JPMorgan	2,348,285	0	For
Fidelity	2,058,061	0	For
American Century	2,011,507	0	For
Calvert	1,473,668	0	For
Dimensional	1,173,046	0	For
Bridge Builder Trust	976,445	8,782	For
Charles Schwab	975,355	0	For
Equitable	514,735	148,014	For
Virtus	591,995	0	For
ProShares	562,227	0	For
Jackson National	426,896	0	For
BOSTON TRUST WALDEN FUNDS	0	388,620	Abstain
HARBOR FUNDS	365,100	0	For
TIAA	280,122	0	For
Voya	268,980	0	For
Northern Trust	218,874	17,558	For
Invesco	0	221,465	Abstain
First Trust	196,693	0	For
WisdomTree	188,479	0	For
AIG/SunAmerica	170,302	0	For
John Hancock	166,889	0	For
Hartford	0	162,101	Abstain

Showing the 25 largest of 92 asset managers. See all 92 in the interactive database.

5. TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024.

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 90 asset managers below cast 99.9% of the shares they voted on this item FOR (44,553,892 for, 386 against).

FOR: 44,553,892 (99.9%)AGAINST: 386 (0.0%)ABSTAIN: 25,080 (0.1%)

Largest asset managers voting on “TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024.” at COMMERCE BANCSHARES INC., 2023-2024
Asset manager	For	Vote
Vanguard	17,013,305	For
BlackRock	6,170,142	For
State Street	3,464,635	For
JPMorgan	2,348,285	For
Fidelity	2,058,061	For
American Century	2,011,507	For
Calvert	1,473,668	For
Dimensional	1,173,046	For
Bridge Builder Trust	985,227	For
Charles Schwab	975,355	For
Equitable	662,749	For
Virtus	591,995	For
ProShares	562,227	For
Jackson National	426,896	For
BOSTON TRUST WALDEN FUNDS	388,620	For
HARBOR FUNDS	365,100	For
TIAA	280,122	For
Voya	268,980	For
Northern Trust	236,432	For
Invesco	221,465	For
First Trust	196,693	For
WisdomTree	188,479	For
AIG/SunAmerica	170,302	For
John Hancock	166,889	For
Hartford	162,101	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

6. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTES

83% fund support · no official result

FOR 83%AGAINST 17%

The 10 asset managers below cast 83% of the shares they voted on this item FOR (1,691,680 for, 347,924 against).

FOR: 1,691,680 (82.9%)AGAINST: 347,924 (17.1%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at COMMERCE BANCSHARES INC., 2023-2024
Asset manager	For	Against	Vote
JPMorgan	1,479,048	0	For
Desjardins Global Asset Management Inc.	0	227,114	Against
Capital Group	140,881	0	For
Empower	39,087	53,230	Against
APG Asset Management US Inc.	0	67,580	Against
TD ASSET MANAGEMENT INC	31,431	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1,136	0	For
Balentine LLC	54	0	For
Convergence Investment Partners, LLC	30	0	For
Warren Street Wealth Advisors, LLC	13	0	For

7. Ratify KPMG LLP as Auditors

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (92,330 for, 0 against).

FOR: 92,330 (100.0%)

Largest asset managers voting on “Ratify KPMG LLP as Auditors” at COMMERCE BANCSHARES INC., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
Empower	92,317	0	0	0	For
Warren Street Wealth Advisors, LLC	13	0	0	0	For

Largest COMMERCE BANCSHARES INC. shareholders voting in 2023-2024

Ranked by the number of COMMERCE BANCSHARES INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 129,877,146 shares outstanding at the time of that meeting.

Top COMMERCE BANCSHARES INC. shareholders by shares voted, 2023-2024
#	Asset manager	% of shares outstanding
1	Vanguard	13.23%
2	BlackRock	7.01%
3	Aristotle Capital Management, LLC	6.22%
4	State Street	5.34%
5	American Century	3.59%
6	COMMERCE BANK	2.64%
7	Calvert	2.29%
8	JPMorgan	1.85%
9	GEODE CAPITAL MANAGEMENT, LLC	1.60%
10	Fidelity	1.59%

Reported COMMERCE BANCSHARES INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

COMMERCE BANCSHARES INC. beneficial owners on record for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	10.47%	13F
BlackRock	9.09%	13F
Aristotle Capital Management, LLC	6.81%	DEF14A
Commerce Bank	5.64%	DEF14A
State Street	5.02%	13F
Morgan Stanley	2.42%	13F
Geode Capital	1.69%	13F
Dimensional Fund Advisors	1.33%	13F
JPMorgan Chase	1.24%	13F
Jonathan M. Kemper	1.02%	DEF14A

Percentages above are of 129,877,146 shares outstanding, as reported by COMMERCE BANCSHARES INC. on its Form 10-K dated 2024-02-21 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from COMMERCE BANCSHARES INC.’s 10-K dated 2024-02-21. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At COMMERCE BANCSHARES INC.'s shareholder meeting held 2024-04-17, in the 2023-2024 proxy season, 387 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,315 separate fund positions. Their filings are grouped here into 7 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. COMMERCE BANCSHARES INC.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION. — the reporting funds cast 90% of the shares they voted in favour (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). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

COMMERCE BANCSHARES INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.