On March 24, 2026, Commerce Bancshares, Inc. disclosed in an 8-K filing that Paul A. Steiner, the Corporate Controller and Chief Accounting Officer, has decided to resign from his position to pursue other opportunities. The company confirmed that Mr. Steiner's resignation is not due to any disagreements regarding the company's finances, accounting, operations, policies, or practices. He will remain with the company until July 7, 2026, to facilitate a smooth transition. Following his departure, Steven A. Brandjord has been appointed as his successor, effective May 2026, pending official approval from the Board. Mr. Brandjord, who joined Commerce Bancshares in 2014, currently serves as the Assistant Controller and Director of Tax. In connection with his promotion, he will receive approximately 2,100 restricted stock units that will vest over four years, according to the company's standard equity award agreement. This leadership change is expected to have a neutral impact on the company's stock price, as it is a planned transition without any negative implications for the company's operations or governance.

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