Cullen/Frost Bankers (CFR) has provided an update.
Cullen/Frost Bankers, Inc. shareholders recently embraced the future of employee incentives by approving the 2024 Equity Incentive Plan at their Annual Meeting. The new plan supersedes the 2015 Omnibus Incentive Plan, marking a fresh approach to equity-based remuneration. Additionally, the shareholders voted to elect twelve Director nominees and to provide nonbinding approval of executive compensation. They also ratified Ernst & Young LLP as the company’s independent auditors, signaling continued confidence in the company’s financial oversight.
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