Cullen/Frost Bankers Announces Executive and Director Changes
Ticker: CFR-PB · Form: 8-K · Filed: Jul 1, 2024 · CIK: 39263
Sentiment: neutral
Topics: executive-change, board-election, officer-appointment
Related Tickers: CFR
TL;DR
Cullen/Frost (CFR) board shakeup and exec appointments announced July 1st.
AI Summary
Cullen/Frost Bankers, Inc. announced on July 1, 2024, a change in its executive team. The company elected new directors and appointed certain officers, alongside updates to their compensatory arrangements. This filing also includes financial statements and exhibits.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, financial priorities, or governance, potentially impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Executive and director changes, while common, can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- CULLEN/FROST BANKERS, INC. (company) — Registrant
- July 1, 2024 (date) — Date of earliest event reported
FAQ
What specific executive positions were affected by the appointments?
The filing indicates the appointment of 'Certain Officers' and changes related to 'Departure of Directors or Certain Officers' but does not specify the exact titles of the individuals appointed or departing in this summary.
Were there any new directors elected to the board?
Yes, the filing explicitly mentions the 'Election of Directors' as a reported item.
What is the significance of the 'Compensatory Arrangements of Certain Officers' disclosure?
This disclosure pertains to the compensation plans and arrangements for specific executive officers, which can provide insight into executive incentives and potential future costs for the company.
Does this filing include any financial results for the period?
The filing states 'Financial Statements and Exhibits' are included, suggesting that financial information is part of the submission, though specific results are not detailed in the provided text.
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to report on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and updates to compensatory arrangements, as well as a Regulation FD disclosure.
Filing Stats: 1,033 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-07-01 16:42:39
Filing Documents
- cfr-20240701.htm (8-K) — 38KB
- a3q24formxex991xretirement.htm (EX-99.1) — 8KB
- 0000039263-24-000051.txt ( ) — 225KB
- cfr-20240701.xsd (EX-101.SCH) — 2KB
- cfr-20240701_def.xml (EX-101.DEF) — 18KB
- cfr-20240701_lab.xml (EX-101.LAB) — 30KB
- cfr-20240701_pre.xml (EX-101.PRE) — 18KB
- cfr-20240701_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure Attached as Exhibit 99.1 and incorporated into this item by reference is a press release issued by the Company on July 1, 2024. The information furnished by the Company pursuant to this item, including 2 Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934. 9.01 Financial Statements and Exhibits (d) Exhibits: 99.1 Press Release 104 Cover Page Interactive Data File - The cover page XBRL tags are embedded within the inline XBRL document. 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CULLEN/FROST BANKERS, INC. By: /s/ Jerry Salinas Jerry Salinas Group Executive Vice President and Chief Financial Officer (Duly Authorized Officer, Principal Financial Officer and Principal Accounting Officer) Dated: July 1, 2024 4 EXHIBIT INDEX Exhibit Number Description 99.1 P ress Release 104 Cover Page Interactive Data File - The cover page XBRL tags are embedded within the inline XBRL document. 5