Business Context and Reporting Period
This Form 8-K filing by Commerce Bancshares, Inc. (CBSH) reports a corporate governance event dated March 24, 2026. The registrant is a Missouri-based bank holding company with its principal executive offices in Kansas City, MO.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the resignation of Paul A. Steiner as Corporate Controller and Chief Accounting Officer. The departure is not the result of any disagreement regarding finances, accounting, or operations. Mr. Steiner will remain with the company through July 7, 2026, to facilitate an orderly transition.
Outlook and Management Commentary
Steven A. Brandjord has been named as the successor to Mr. Steiner. Mr. Brandjord will assume the role of Corporate Controller and Chief Accounting Officer effective May 2026, pending Board appointment. In connection with this promotion, he is being granted approximately 2,100 restricted stock units vesting over four years. Mr. Brandjord joined the company in 2014 and currently serves as Assistant Controller and Director of Tax.
Investor Verification Checklist
- Confirm the effective date of Steven A. Brandjord's appointment by the Board of Directors.
- Verify the terms of the 2,100 restricted stock units granted to Mr. Brandjord.
- Monitor the transition timeline to ensure Mr. Steiner remains through July 7, 2026.
- Review subsequent filings for any impact on internal controls or financial reporting due to the leadership change.