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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 1, 2008
 
Commerce Bancshares, Inc.
(Exact name of registrant as specified in its charter)
         
Missouri   0-2989   43-0889454
         
(State of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
         
1000 Walnut,
Kansas City, MO
      64106
         
(Address of principal executive offices)       (Zip Code)
(816) 234-2000
 
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

     This filing amends Item 5.02 of the Form 8-K previously filed February 5, 2008. Item 5.02 is amended in its entirety to read as follows:
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
     On February 1, 2008 the Company’s Board of Directors approved the recommendations of the Compensation and Human Resources Committee with respect to the base salary for 2008 (effective April 1, 2008) and the payment of cash bonuses to the Company’s CEO and its other named executive officers. The cash bonuses include performance-based compensation in accordance with the Company’s Executive Incentive Compensation Plan. They also include discretionary bonuses outside of the EICP that are not intended to qualify as performance-based. The Board also approved the Committee’s recommendations for the grant to those individuals of stock appreciation rights and restricted stock awards under the Company’s 2005 Equity Incentive Plan.
                             
            2007   2007   Total   Stock   Restricted
        2008   Performance-   Discretionary   2007 Cash   Appreciation   Stock
        Salary   Based Bonus   Bonus   Bonus   Rights   Awards
Executive Officer   Title   $   $   $   $   #   #
David W. Kemper
  Chairman, President & CEO   848,500   298,708   217,792   516,500   97,750   4,104
Jonathan M. Kemper
  Vice Chairman   437,500   111,170   81,330   192,500   41,400   1,486
Seth M. Leadbeater
  Vice Chairman   345,000   80,992   59,008   140,000   20,700   1,070
Charles G. Kim
  Executive Vice President   345,000   76,545   65,455   142,000   19,550   994
Kevin G. Barth
  Executive Vice President   345,000   76,545   65,455   142,000   19,550   994
A. Bayard Clark
  Executive Vice President & CFO   265,500   51,860   38,140   90,000   16,100   720

 


 

SIGNATURE
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.
         
  COMMERCE BANCSHARES, INC.
 
 
  By:   /s/ Jeffery D. Aberdeen    
    Jeffery D. Aberdeen   
    Controller
(Chief Accounting Officer) 
 
 
Date: March 5, 2008