Cullen/Frost Bankers Inc.
04/25/2024 | Press release | Distributed by Public on 04/25/2024 13:19
Submission of Matters to a Vote of Security Holders - Form 8-K
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
The Cullen/Frost Bankers, Inc. 2024 Equity Incentive Plan (the "2024 Plan") was approved by shareholders of the Company at the Annual Meeting of Shareholders on April 24, 2024. The 2024 Plan replaces the Company's 2015 Omnibus Incentive Plan (the "2015 Plan") in its entirety and there will be no further grants under the 2015 Plan.
The material terms of the 2024 Plan are described in "Proposal No. 3 - Approval of the 2024 Equity Incentive Plan" in the Company's definitive proxy statementon Schedule 14A filed with the United States Securities and Exchange Commission (the "SEC") on March 8, 2024 (the "Proxy Statement"), which description is incorporated herein by reference.
The description of the 2024 Plan contained herein and in the Proxy Statement is qualified in their entirety by reference to the text of the 2024 Plan, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.