Business Context and Reporting Period
Company: Commerce Bancshares, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 25, 2024
Principal Executive Offices: Kansas City, MO
This filing reports amendments to the Company's By-Laws regarding the conduct and scheduling of stockholder meetings.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance changes rather than financial performance.
Material Changes
The Company amended its By-Laws on October 25, 2024, with the following key changes:
- Meeting Format: Annual and special stockholder meetings may now be held in person, virtually, or in a hybrid format.
- Annual Meeting Timing: The annual meeting is now scheduled for 9:30 a.m. on the last Friday in April of each year (or the next business day if a holiday).
- Location: Meetings may be held at the principal office or another designated location.
Guidance, Outlook, and Other Events
Shareholder Proposals and Nominations: Due to the change in the annual meeting date, the deadline for submitting shareholder nominations and proposals for the April 25, 2025, annual meeting has been updated. Notices must be received by the Secretary between January 25, 2025, and February 24, 2025.
Exhibits: The amended By-Laws are attached as Exhibit 3.1.
Key Facts for Investor Verification
- Verify the new standard date for the annual meeting (last Friday in April).
- Confirm the new window for submitting shareholder proposals for the 2025 meeting (Jan 25 - Feb 24, 2025).
- Review the attached Exhibit 3.1 for the complete text of the amended By-Laws.