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COMMERCE BANCSHARES INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and COMMERCE BANCSHARES INC.’s Form 8-K, filed 2025-04-29 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 12Reported items
  • 443Asset managers
  • 3,296Fund votes
  • 2025-04-25Meeting date

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

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

Official 2024-2025 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 2025-04-29 (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 2025-04-25
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Benjamin F. Rassieur, III 87,383,177---- 10,190,62921,100,523 Majority: yes
Elect Director: Timothy S. Dunn 97,223,811---- 349,99521,100,523 Majority: yes
Elect Director: June McAllister Fowler 94,245,070---- 3,328,73621,100,523 Majority: yes
Elect Director: Todd R. Schnuck 93,345,633---- 4,228,17321,100,523 Majority: yes
Elect Director: Christine B. Taylor 92,906,443---- 4,667,36321,100,523 Majority: yes

Source: COMMERCE BANCSHARES INC., Form 8-K, filed with the SEC on 2025-04-29 — read the filing on EDGAR.

How asset managers voted at the COMMERCE BANCSHARES INC. 2024-2025 meeting

Each item below shows how the 443 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 ("Say on Pay").

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-25.

Combines 9 wordings of this item as funds reported it.

91% fund support · no official result

FOR 91%9%

The 415 asset managers below cast 91% of the shares they voted on this item FOR (83,524,880 for, 7,919,884 against).

FOR: 83,524,880 (91.3%)AGAINST: 7,919,884 (8.7%)ABSTAIN: 23,129 (0.0%)NOT VOTED: 4,033 (0.0%)
Largest asset managers voting on “Advisory approval of the Company's executive compensation ("Say on Pay").” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard15,742,9200 00For
BlackRock10,791,36930,471 00For
State Street9,856,91450,297 00For
American Century8,543,5500 00For
Aristotle Capital Management, LLC7,813,1108,917 00For
COMMERCE BANK3,447,6340 00For
Calvert03,157,478 00Against
GEODE CAPITAL MANAGEMENT, LLC2,380,8450 00For
Fidelity2,202,2460 00For
Dimensional2,183,9230 00For
Charles Schwab2,109,8700 00For
Northern Trust1,196,29524,326 00For
First Trust879,1050 00For
Boston Trust Walden Co0750,032 00Against
COOKE & BIELER LP700,3760 00For
MELLON INVESTMENTS Corp0694,099 00Against
Goldman Sachs685,7580 00For
Equitable681,9640 00For
SCHRODER INVESTMENT MANAGEMENT GROUP662,1060 00For
Virtus643,7860 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC0579,198 00Against
Voya547,6000 00For
BOSTON TRUST WALDEN FUNDS0532,994 00Against
Eaton Vance496,7051,812 00For
ProShares468,4080 00For

Showing the 25 largest of 415 asset managers. See all 415 in the interactive database.

2. To elect one Director to the 2027 Class for a term of two years: Benjamin F. Rassieur, III

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-25.

Combines 5 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%
FOR: 87,383,177WITHHELD: 10,190,629

COMMERCE BANCSHARES INC.’s own tally for this item (“Elect Director: Benjamin F. Rassieur, III”): 87,383,177 for, 10,190,629 withheld, per its Form 8-K filed 2025-04-29 (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 133,881,257 outstanding shares: 65% for, 8% withheld (73% of the company cast a for/withheld vote).

The 98 asset managers below cast 100% of the shares they voted on this item FOR (42,290,458 for, 0 against).

FOR 93%
FOR: 42,290,458 (93.2%)ABSTAIN: 3,081,135 (6.8%)
Largest asset managers voting on “To elect one Director to the 2027 Class for a term of two years: Benjamin F. Rassieur, III” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard15,436,4320 00For
BlackRock6,664,4370 47,5170For
American Century4,858,3410 00For
State Street3,481,3400 2330For
Fidelity2,100,5090 52,5850For
Dimensional1,636,8940 00For
Calvert00 1,524,4610Abstain
Charles Schwab1,047,6610 00For
First Trust876,5840 00For
Equitable542,1200 139,8440For
Virtus643,7860 00For
BOSTON TRUST WALDEN FUNDS532,9940 00For
ProShares468,4080 00For
Jackson National432,0190 00For
JPMorgan273,5370 62,2060For
Lincoln Financial245,8080 37,9320For
HARBOR FUNDS279,1000 00For
Voya273,8000 00For
Hartford00 216,1400Abstain
TIAA00 207,8330Abstain
WisdomTree206,8110 00For
Northwestern Mutual204,0860 00For
OBERWEIS FUNDS167,7900 00For
John Hancock157,6910 00For
AIG/SunAmerica151,3990 00For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

3. To elect four Directors to the 2028 Class for a term of three years: June McAllister Fowler

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-25.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 94,245,070WITHHELD: 3,328,736

COMMERCE BANCSHARES INC.’s own tally for this item (“Elect Director: June McAllister Fowler”): 94,245,070 for, 3,328,736 withheld, per its Form 8-K filed 2025-04-29 (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 133,881,257 outstanding shares: 70% for, 2% withheld (73% of the company cast a for/withheld vote).

The 98 asset managers below cast 100% of the shares they voted on this item FOR (43,659,429 for, 0 against).

FOR 96%
FOR: 43,659,429 (96.2%)ABSTAIN: 1,712,164 (3.8%)
Largest asset managers voting on “To elect four Directors to the 2028 Class for a term of three years: June McAllister Fowler” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard15,436,4320 00For
BlackRock6,711,9540 00For
American Century4,858,3410 00For
State Street3,481,5730 00For
Fidelity2,153,0940 00For
Dimensional1,636,8940 00For
Calvert00 1,524,4610Abstain
Charles Schwab1,047,6610 00For
First Trust876,5840 00For
Equitable542,1200 139,8440For
Virtus643,7860 00For
BOSTON TRUST WALDEN FUNDS532,9940 00For
ProShares468,4080 00For
Jackson National432,0190 00For
JPMorgan335,7430 00For
Lincoln Financial283,7400 00For
HARBOR FUNDS279,1000 00For
Voya273,8000 00For
Hartford216,1400 00For
TIAA207,8330 00For
WisdomTree206,8110 00For
Northwestern Mutual204,0860 00For
OBERWEIS FUNDS167,7900 00For
John Hancock157,6910 00For
AIG/SunAmerica151,3990 00For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

4. To elect four Directors to the 2028 Class for a term of three years: Todd R. Schnuck

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-25.

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 93,345,633WITHHELD: 4,228,173

COMMERCE BANCSHARES INC.’s own tally for this item (“Elect Director: Todd R. Schnuck”): 93,345,633 for, 4,228,173 withheld, per its Form 8-K filed 2025-04-29 (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 133,881,257 outstanding shares: 70% for, 3% withheld (73% of the company cast a for/withheld vote).

The 98 asset managers below cast 100% of the shares they voted on this item FOR (43,571,401 for, 0 against).

FOR 96%
FOR: 43,571,401 (96.0%)ABSTAIN: 1,800,192 (4.0%)
Largest asset managers voting on “To elect four Directors to the 2028 Class for a term of three years: Todd R. Schnuck” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard15,436,4320 00For
BlackRock6,711,9540 00For
American Century4,858,3410 00For
State Street3,481,3400 2330For
Fidelity2,153,0940 00For
Dimensional1,636,8940 00For
Calvert00 1,524,4610Abstain
Charles Schwab1,047,6610 00For
First Trust876,5840 00For
Equitable542,1200 139,8440For
Virtus643,7860 00For
BOSTON TRUST WALDEN FUNDS532,9940 00For
ProShares468,4080 00For
Jackson National432,0190 00For
JPMorgan273,5370 62,2060For
Lincoln Financial283,7400 00For
HARBOR FUNDS279,1000 00For
Voya273,8000 00For
Hartford216,1400 00For
TIAA207,8330 00For
WisdomTree206,8110 00For
Northwestern Mutual204,0860 00For
OBERWEIS FUNDS167,7900 00For
John Hancock157,6910 00For
AIG/SunAmerica151,3990 00For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

5. To elect four Directors to the 2028 Class for a term of three years: Christine B. Taylor

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-25.

Combines 5 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 92,906,443WITHHELD: 4,667,363

COMMERCE BANCSHARES INC.’s own tally for this item (“Elect Director: Christine B. Taylor”): 92,906,443 for, 4,667,363 withheld, per its Form 8-K filed 2025-04-29 (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 133,881,257 outstanding shares: 69% for, 3% withheld (73% of the company cast a for/withheld vote).

The 98 asset managers below cast 100% of the shares they voted on this item FOR (43,285,544 for, 0 against).

FOR 95%
FOR: 43,285,544 (95.4%)ABSTAIN: 2,086,049 (4.6%)
Largest asset managers voting on “To elect four Directors to the 2028 Class for a term of three years: Christine B. Taylor” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard15,436,4320 00For
BlackRock6,711,9540 00For
American Century4,858,3410 00For
State Street3,481,5730 00For
Fidelity2,153,0940 00For
Dimensional1,636,8940 00For
Calvert00 1,524,4610Abstain
Charles Schwab1,047,6610 00For
First Trust876,5840 00For
Equitable542,1200 139,8440For
Virtus643,7860 00For
BOSTON TRUST WALDEN FUNDS532,9940 00For
ProShares468,4080 00For
Jackson National432,0190 00For
JPMorgan335,7430 00For
Lincoln Financial283,7400 00For
HARBOR FUNDS279,1000 00For
Voya273,8000 00For
Hartford216,1400 00For
TIAA00 207,8330Abstain
WisdomTree206,8110 00For
Northwestern Mutual204,0860 00For
OBERWEIS FUNDS167,7900 00For
John Hancock157,6910 00For
AIG/SunAmerica151,3990 00For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

6. To elect four Directors to the 2028 Class for a term of three years: Timothy S. Dunn

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-25.

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 97,223,811WITHHELD: 349,995

COMMERCE BANCSHARES INC.’s own tally for this item (“Elect Director: Timothy S. Dunn”): 97,223,811 for, 349,995 withheld, per its Form 8-K filed 2025-04-29 (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 133,881,257 outstanding shares: 73% for, 0.3% withheld (73% of the company cast a for/withheld vote).

The 98 asset managers below cast 100% of the shares they voted on this item FOR (45,348,465 for, 0 against).

FOR 99.9%
FOR: 45,348,465 (99.9%)ABSTAIN: 23,128 (0.1%)
Largest asset managers voting on “To elect four Directors to the 2028 Class for a term of three years: Timothy S. Dunn” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard15,436,4320 00For
BlackRock6,711,9540 00For
American Century4,858,3410 00For
State Street3,481,5730 00For
Fidelity2,153,0940 00For
Dimensional1,636,8940 00For
Calvert1,524,4610 00For
Charles Schwab1,047,6610 00For
First Trust876,5840 00For
Equitable681,9640 00For
Virtus643,7860 00For
BOSTON TRUST WALDEN FUNDS532,9940 00For
ProShares468,4080 00For
Jackson National432,0190 00For
JPMorgan335,7430 00For
Lincoln Financial283,7400 00For
HARBOR FUNDS279,1000 00For
Voya273,8000 00For
Hartford216,1400 00For
TIAA207,8330 00For
WisdomTree206,8110 00For
Northwestern Mutual204,0860 00For
OBERWEIS FUNDS167,7900 00For
John Hancock157,6910 00For
AIG/SunAmerica151,3990 00For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

7. TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2025.

AUDIT-RELATED

Meeting held 2025-04-25.

Combines 3 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.7%

The 97 asset managers below cast 99.8% of the shares they voted on this item FOR (45,150,764 for, 84,492 against).

FOR: 45,150,764 (99.8%)AGAINST: 84,492 (0.2%)ABSTAIN: 23,128 (0.1%)
Largest asset managers voting on “TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2025.” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard15,436,4320 00For
BlackRock6,711,9540 00For
American Century4,858,3410 00For
State Street3,481,340233 00For
Fidelity2,153,0940 00For
Dimensional1,636,8940 00For
Calvert1,524,4610 00For
Charles Schwab1,047,6610 00For
First Trust876,5840 00For
Equitable681,9640 00For
Virtus643,7860 00For
BOSTON TRUST WALDEN FUNDS532,9940 00For
ProShares468,4080 00For
Jackson National432,0190 00For
JPMorgan273,53762,206 00For
Lincoln Financial283,7400 00For
HARBOR FUNDS279,1000 00For
Voya273,8000 00For
Hartford216,1400 00For
TIAA207,8330 00For
WisdomTree206,8110 00For
Northwestern Mutual204,0860 00For
OBERWEIS FUNDS167,7900 00For
John Hancock157,6910 00For
AIG/SunAmerica151,3990 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

8. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-25.

99.0% fund support · no official result

FOR 99.0%

The 13 asset managers below cast 99.0% of the shares they voted on this item FOR (1,750,469 for, 17,265 against).

FOR: 1,750,469 (99.0%)AGAINST: 17,265 (1.0%)
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,233,5600 00For
ADAGE CAPITAL PARTNERS GP, L.L.C.258,2150 00For
Capital Group141,6270 00For
Empower112,3710 00For
APG Asset Management US Inc.015,493 00Against
FAYEZ SAROFIM & CO3,0210 00For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma1,1900 00For
Desjardins Global Asset Management Inc.0934 00Against
HC CAPITAL TRUST0722 00Against
TD ASSET MANAGEMENT INC2400 00For
GAMMA Investing LLC1960 00For
CLEARWATER INVESTMENT TRUST0116 00Against
Convergence Investment Partners, LLC490 00For

9. ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION (SAY ON PAY&QUOT). &QUOT

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-25.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 6 asset managers below cast 100% of the shares they voted on this item FOR (1,265 for, 0 against).

FOR: 1,265 (100.0%)
Largest asset managers voting on “ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION (SAY ON PAY&QUOT). &QUOT” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Advisors' Inner Circle Fund III5360 00For
L2 Asset Management, LLC5360 00For
Elyxium Wealth, LLC960 00For
RBB Fund Trust630 00For
Cambridge Advisors Inc.330 00For
Colonial Trust Advisors10 00For

10. Advisory approval of the Company's executive compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-04-17 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

35% fund support · no official result

FOR 35%AGAINST 65%

The 3 asset managers below cast 35% of the shares they voted on this item FOR (13,856 for, 25,177 against).

FOR: 13,856 (35.5%)AGAINST: 25,177 (64.5%)
Largest asset managers voting on “Advisory approval of the Company's executive compensation” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
COLDSTREAM CAPITAL MANAGEMENT INC025,177 00Against
VAUGHAN DAVID INVESTMENTS LLC/IL13,8240 00For
Axiom Financial Strategies, LLC320 00For

11. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-25.

91% fund support · no official result

FOR 91%9%

The 3 asset managers below cast 91% of the shares they voted on this item FOR (141,521 for, 13,262 against).

FOR: 141,521 (91.4%)AGAINST: 13,262 (8.6%)
Largest asset managers voting on “14A Executive Compensation” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
MATTERN CAPITAL MANAGEMENT, LLC140,2620 00For
Focus Partners Wealth013,262 00Against
IMA Advisory Services, Inc.1,2590 00For

12. Ratify KPMG LLP as Auditors

AUDIT-RELATED

Meeting held 2025-04-25.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (113,209 for, 0 against).

FOR: 113,209 (100.0%)
Largest asset managers voting on “Ratify KPMG LLP as Auditors” at COMMERCE BANCSHARES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Empower112,3710 00For
HC CAPITAL TRUST7220 00For
CLEARWATER INVESTMENT TRUST1160 00For

Largest COMMERCE BANCSHARES INC. shareholders voting in 2024-2025

Ranked by the number of COMMERCE BANCSHARES INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 133,881,257 shares outstanding at the time of that meeting.

Top COMMERCE BANCSHARES INC. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 11.76%
2BlackRock 8.08%
3State Street 7.40%
4American Century 6.38%
5Aristotle Capital Management, LLC 5.84%
6COMMERCE BANK 2.58%
7Calvert 2.36%
8GEODE CAPITAL MANAGEMENT, LLC 1.78%
9Fidelity 1.64%
10Dimensional 1.63%

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 2024-2025 proxy season
Holder % outstanding Disclosure
Vanguard Group 10.08% 13F
BlackRock 8.82% 13F
Aristotle Capital Management, LLC 6.61% DEF14A
COMMERCE BANK 6.32% 13G
STATE STREET CORPORATION 5.28% 13G
Morgan Stanley 2.42% 13F
Geode Capital 1.88% 13F
Dimensional Fund Advisors 1.73% 13F
JPMorgan Chase 1.20% 13F
Jonathan M. Kemper 1.01% DEF14A

Percentages above are of 133,881,257 shares outstanding, as reported by COMMERCE BANCSHARES INC. on its Form 10-K dated 2025-02-19 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 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 2025-02-19. 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 2025-04-25, in the 2024-2025 proxy season, 443 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,296 separate fund positions. Their filings are grouped here into 12 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 ("Say on Pay"). — the reporting funds cast 91% 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 · 2024-2025 (this page) · 2025-2026.