Cullen/Frost Bankers Reports Results of April 29, 2026 Annual Meeting

What Happened
Cullen/Frost Bankers, Inc. (CFR) filed an 8-K on April 29, 2026 reporting the outcomes of its Annual Meeting of Shareholders. Shareholders elected all fourteen director nominees to one-year terms expiring at the 2027 annual meeting. The company also received nonbinding shareholder approval of executive compensation (say-on-pay) and ratified Ernst & Young LLP as its independent auditor for the fiscal year that began January 1, 2026.

Key Details

• Directors elected: All 14 nominees were elected for one-year terms. Votes For ranged generally from about 50.36 million to 52.27 million, with 6,451,057 broker non-votes recorded for each director vote. (Examples: Jeffrey M. Rummel — 52,267,841 For; Charles W. Matthews — 50,362,468 For.)
• Say-on-pay (nonbinding): 50,928,898 For, 1,530,796 Against, 153,686 Abstentions, with 6,451,057 broker non-votes.
• Auditor ratification: Shareholders ratified Ernst & Young LLP as independent auditors for the 2026 fiscal year: 57,710,536 For, 1,237,323 Against, 116,578 Abstentions.

Why It Matters
The outcomes confirm the current board slate and maintain continuity in corporate governance and oversight. The affirmative say-on-pay vote (advisory) signals shareholder support for the company’s executive compensation approach, though it is not binding. Ratification of Ernst & Young ensures the company’s auditor choice for the 2026 fiscal year, a routine but important governance item for financial reporting and investor confidence.