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Commerce Bancshares, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Commerce Bancshares, Inc.’s Form 8-K, filed 2026-04-28 (Item 5.07 on EDGAR). Page generated 02 October 2026.

10Reported items
458Asset managers
2,997Fund votes
2026-04-24Meeting date

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

Explore Commerce Bancshares, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 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 2026-04-28 (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 2026-04-24
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Blackford F. Brauer	99,672,349	--	--	1,909,507	24,327,697	Majority: yes
Elect Director: W. Kyle Chapman	99,007,611	--	--	2,573,509	24,327,697	Majority: yes
Elect Director: Karen L. Daniel	94,222,104	--	--	7,359,752	24,327,697	Majority: yes
Elect Director: David W. Kemper	98,465,704	--	--	3,116,152	24,327,697	Majority: yes

Source: Commerce Bancshares, Inc., Form 8-K, filed with the SEC on 2026-04-28 — read the filing on EDGAR.

How asset managers voted at the Commerce Bancshares, Inc. 2025-2026 meeting

Each item below shows how the 458 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

Combines 14 wordings of this item as funds reported it.

90% fund support · no official result

FOR 90%10%

The 441 asset managers below cast 90% of the shares they voted on this item FOR (73,852,638 for, 8,441,560 against).

FOR: 73,852,638 (89.7%)AGAINST: 8,441,560 (10.3%)ABSTAIN: 22,527 (0.0%)NOT VOTED: 38,358 (0.0%)SPLIT: 133 (0.0%)

Largest asset managers voting on “Advisory approval of the Company's executive compensation ("Say on Pay").” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	15,046,243	30	4	For
BlackRock	11,775,109	40,030	0	For
American Century	9,668,606	0	0	For
COMMERCE BANK	3,681,938	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	2,814,879	0	0	For
First Trust	2,524,492	0	0	For
Fidelity	2,436,351	0	0	For
Charles Schwab	2,103,675	0	0	For
Dimensional	1,836,100	0	0	For
Calvert	0	1,729,777	0	Against
WELLS FARGO CLEARING SERVICES, LLC	1,244,709	0	0	For
Northern Trust	54,638	1,087,365	0	Against
JPMorgan	1,072,577	0	0	For
Victory Capital	1,030,747	10,236	0	For
BOSTON TRUST WALDEN NATIONAL ASSOCIATION	0	1,027,272	0	Against
Virtus	1,003,102	0	0	For
AQR	895,032	0	0	For
COOKE & BIELER LP	824,977	0	0	For
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	791,642	0	0	For
MELLON INVESTMENTS Corp	0	764,609	0	Against
Advisors' Inner Circle Fund II	758,000	0	0	For
BOSTON TRUST WALDEN FUNDS	0	696,906	0	Against
Voya	621,266	0	0	For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	537,264	65,345	0	For
Jackson National	399,749	173,727	0	For

Showing the 25 largest of 441 asset managers. See all 441 in the interactive database.

2. Nominees: Class of 2029: Blackford F. Brauer

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 99,672,349WITHHELD: 1,909,507

Commerce Bancshares, Inc.’s own tally for this item (“Elect Director: Blackford F. Brauer”): 99,672,349 for, 1,909,507 withheld, per its Form 8-K filed 2026-04-28 (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 146,879,273 outstanding shares: 68% for, 1% withheld (69% of the company cast a for/withheld vote).

The 89 asset managers below cast 100% of the shares they voted on this item FOR (42,549,365 for, 0 against).

FOR 99.5%

FOR: 42,549,365 (99.6%)ABSTAIN: 187,762 (0.4%)NOT VOTED: 95 (0.0%)

Largest asset managers voting on “Nominees: Class of 2029: Blackford F. Brauer” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	14,043,993	8	For
BlackRock	7,006,429	0	For
American Century	3,980,582	0	For
First Trust	2,482,250	0	For
Fidelity	2,399,445	0	For
Dimensional	1,208,602	0	For
JPMorgan	1,072,577	0	For
Charles Schwab	1,041,602	0	For
Calvert	826,362	0	For
Advisors' Inner Circle Fund II	758,000	0	For
Virtus	744,416	0	For
BOSTON TRUST WALDEN FUNDS	696,906	0	For
Jackson National	573,476	0	For
Lincoln Financial	483,758	0	For
ProShares	476,031	0	For
Bridge Builder Trust	428,392	0	For
Equitable	265,136	140,328	For
Northwestern Mutual	333,952	0	For
Victory Capital	321,557	0	For
Voya	310,633	0	For
TIAA	263,040	0	For
Invesco	254,701	0	For
WisdomTree	181,306	0	For
AMG Funds IV	180,706	0	For
John Hancock	171,835	0	For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

3. Nominees: Class of 2029: David W. Kemper

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 98,465,704WITHHELD: 3,116,152

Commerce Bancshares, Inc.’s own tally for this item (“Elect Director: David W. Kemper”): 98,465,704 for, 3,116,152 withheld, per its Form 8-K filed 2026-04-28 (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 146,879,273 outstanding shares: 67% for, 2% withheld (69% of the company cast a for/withheld vote).

The 89 asset managers below cast 100% of the shares they voted on this item FOR (41,733,676 for, 0 against).

FOR 98%

FOR: 41,733,676 (97.7%)ABSTAIN: 1,003,451 (2.3%)NOT VOTED: 95 (0.0%)

Largest asset managers voting on “Nominees: Class of 2029: David W. Kemper” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	14,033,240	10,760	For
BlackRock	7,006,429	0	For
American Century	3,980,582	0	For
First Trust	2,482,250	0	For
Fidelity	2,399,445	0	For
Dimensional	1,208,602	0	For
JPMorgan	1,072,577	0	For
Charles Schwab	1,041,602	0	For
Calvert	0	826,362	Abstain
Advisors' Inner Circle Fund II	758,000	0	For
Virtus	744,416	0	For
BOSTON TRUST WALDEN FUNDS	696,906	0	For
Jackson National	573,476	0	For
Lincoln Financial	483,758	0	For
ProShares	476,031	0	For
Bridge Builder Trust	428,392	0	For
Equitable	265,136	140,328	For
Northwestern Mutual	333,952	0	For
Victory Capital	321,557	0	For
Voya	310,633	0	For
TIAA	263,040	0	For
Invesco	254,701	0	For
WisdomTree	181,306	0	For
AMG Funds IV	180,706	0	For
John Hancock	171,835	0	For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

4. Nominees: Class of 2029: Karen L. Daniel

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%7%

FOR: 94,222,104WITHHELD: 7,359,752

Commerce Bancshares, Inc.’s own tally for this item (“Elect Director: Karen L. Daniel”): 94,222,104 for, 7,359,752 withheld, per its Form 8-K filed 2026-04-28 (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 146,879,273 outstanding shares: 64% for, 5% withheld (69% of the company cast a for/withheld vote).

The 89 asset managers below cast 100% of the shares they voted on this item FOR (40,887,060 for, 0 against).

FOR 96%

FOR: 40,887,060 (95.7%)ABSTAIN: 1,850,067 (4.3%)NOT VOTED: 95 (0.0%)

Largest asset managers voting on “Nominees: Class of 2029: Karen L. Daniel” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	14,033,231	10,769	For
BlackRock	7,006,429	0	For
American Century	3,980,582	0	For
First Trust	2,482,250	0	For
Fidelity	2,399,445	0	For
Dimensional	1,208,602	0	For
JPMorgan	1,072,577	0	For
Charles Schwab	1,041,386	216	For
Calvert	0	826,362	Abstain
Advisors' Inner Circle Fund II	758,000	0	For
Virtus	744,416	0	For
BOSTON TRUST WALDEN FUNDS	0	696,906	Abstain
Jackson National	573,476	0	For
Lincoln Financial	446,048	37,710	For
ProShares	476,031	0	For
Bridge Builder Trust	428,392	0	For
Equitable	265,136	140,328	For
Northwestern Mutual	333,952	0	For
Victory Capital	321,557	0	For
Voya	310,633	0	For
TIAA	263,040	0	For
Invesco	254,701	0	For
WisdomTree	181,306	0	For
AMG Funds IV	180,706	0	For
John Hancock	171,835	0	For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

5. Nominees: Class of 2029: W. Kyle Chapman

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 99,007,611WITHHELD: 2,573,509

Commerce Bancshares, Inc.’s own tally for this item (“Elect Director: W. Kyle Chapman”): 99,007,611 for, 2,573,509 withheld, per its Form 8-K filed 2026-04-28 (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 146,879,273 outstanding shares: 67% for, 2% withheld (69% of the company cast a for/withheld vote).

The 89 asset managers below cast 100% of the shares they voted on this item FOR (42,549,363 for, 0 against).

FOR 99.5%

FOR: 42,549,363 (99.6%)ABSTAIN: 187,764 (0.4%)NOT VOTED: 95 (0.0%)

Largest asset managers voting on “Nominees: Class of 2029: W. Kyle Chapman” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	14,043,991	10	For
BlackRock	7,006,429	0	For
American Century	3,980,582	0	For
First Trust	2,482,250	0	For
Fidelity	2,399,445	0	For
Dimensional	1,208,602	0	For
JPMorgan	1,072,577	0	For
Charles Schwab	1,041,602	0	For
Calvert	826,362	0	For
Advisors' Inner Circle Fund II	758,000	0	For
Virtus	744,416	0	For
BOSTON TRUST WALDEN FUNDS	696,906	0	For
Jackson National	573,476	0	For
Lincoln Financial	483,758	0	For
ProShares	476,031	0	For
Bridge Builder Trust	428,392	0	For
Equitable	265,136	140,328	For
Northwestern Mutual	333,952	0	For
Victory Capital	321,557	0	For
Voya	310,633	0	For
TIAA	263,040	0	For
Invesco	254,701	0	For
WisdomTree	181,306	0	For
AMG Funds IV	180,706	0	For
John Hancock	171,835	0	For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

6. TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2026.

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 99.7%

The 87 asset managers below cast 99.7% of the shares they voted on this item FOR (42,070,406 for, 94,517 against).

FOR: 42,070,406 (99.7%)AGAINST: 94,517 (0.2%)ABSTAIN: 21,448 (0.1%)NOT VOTED: 95 (0.0%)

Largest asset managers voting on “TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2026.” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	14,033,247	10,753	For
BlackRock	7,006,429	0	For
American Century	3,980,582	0	For
First Trust	2,482,250	0	For
Fidelity	2,399,445	0	For
Dimensional	1,208,602	0	For
JPMorgan	1,016,518	56,059	For
Charles Schwab	1,041,602	0	For
Calvert	826,362	0	For
Advisors' Inner Circle Fund II	758,000	0	For
Virtus	744,416	0	For
BOSTON TRUST WALDEN FUNDS	696,906	0	For
Jackson National	573,476	0	For
ProShares	476,031	0	For
Bridge Builder Trust	428,392	0	For
Equitable	405,464	0	For
Northwestern Mutual	333,952	0	For
Victory Capital	321,557	0	For
Voya	310,633	0	For
TIAA	263,040	0	For
Invesco	254,701	0	For
WisdomTree	181,306	0	For
AMG Funds IV	180,706	0	For
John Hancock	171,835	0	For
Northern Trust	144,701	0	For

Showing the 25 largest of 87 asset managers. See all 87 in the interactive database.

7. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

91% fund support · no official result

FOR 91%9%

The 10 asset managers below cast 91% of the shares they voted on this item FOR (698,889 for, 71,149 against).

FOR: 698,889 (90.8%)AGAINST: 71,149 (9.2%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Against	Vote
Lincoln Financial	427,615	0	For
Capital Group	207,321	0	For
Empower	58,319	62,827	Against
APG Asset Management US Inc.	0	8,322	Against
Wilshire Advisors LLC	2,107	0	For
NORTHERN LIGHTS FUND TRUST II	1,874	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1,248	0	For
TD Waterhouse Canada Inc.	252	0	For
CLEARWATER INVESTMENT TRUST	121	0	For
Convergence Investment Partners, LLC	32	0	For

8. Ratify KPMG LLP as Auditors

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (550,756 for, 0 against).

FOR: 550,756 (100.0%)

Largest asset managers voting on “Ratify KPMG LLP as Auditors” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Vote
Lincoln Financial	427,615	For
Empower	121,146	For
NORTHERN LIGHTS FUND TRUST II	1,874	For
CLEARWATER INVESTMENT TRUST	121	For

9. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (2,143 for, 0 against).

FOR: 2,143 (100.0%)

Largest asset managers voting on “14A Executive Compensation” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
MQS Management LLC	2,095	0	0	0	For
Inlet Private Wealth, LLC	48	0	0	0	For

10. To Approve, By An Advisory Vote, The Compensation Of The Company's Named Executives

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (28 for, 0 against).

FOR: 28 (100.0%)

Largest asset managers voting on “To Approve, By An Advisory Vote, The Compensation Of The Company's Named Executives” at Commerce Bancshares, Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Modern Wealth Management, LLC	14	0	0	0	For
Tandem Financial, LLC	14	0	0	0	For

Largest Commerce Bancshares, Inc. shareholders voting in 2025-2026

Ranked by the number of Commerce Bancshares, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 146,879,273 shares outstanding at the time of that meeting.

Top Commerce Bancshares, Inc. shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	Vanguard	10.24%
2	BlackRock	8.04%
3	American Century	6.58%
4	COMMERCE BANK	2.51%
5	GEODE CAPITAL MANAGEMENT, LLC	1.92%
6	First Trust	1.72%
7	Fidelity	1.66%
8	Charles Schwab	1.43%
9	Dimensional	1.25%
10	Calvert	1.18%

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 2025-2026 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	10.00%	13F
BlackRock	8.81%	13F
COMMERCE BANK	5.76%	13G
STATE STREET CORPORATION	5.01%	13G
Dimensional Fund Advisors	2.68%	13F
Geode Capital	2.03%	13F
Morgan Stanley	1.66%	13F
AQR Capital	1.27%	13F
JPMorgan Chase	1.10%	13F
David W. Kemper	0.88%	DEF14A

Percentages above are of 146,879,273 shares outstanding, as reported by Commerce Bancshares, Inc. on its Form 10-K dated 2026-02-20 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 2026-02-20. 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 2026-04-24, in the 2025-2026 proxy season, 458 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,997 separate fund positions. Their filings are grouped here into 10 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 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 · 2024-2025 · 2025-2026 (this page).