Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On February 12, 2013, the UMB Financial Corporation Compensation Committee (the "Committee") of the Board of Directors of UMB Financial Corporation (the "Company") approved the Annual Variable Pay Plan (the "Plan") for Named Executive Officer, Andrew Iseman for the period between January 1, 2013 and December 31, 2013. The Plan establishes certain goals related to financial performance of Scout Investments, net flows, Company net income, and achievement of corporate objectives, and the Plan allocates weights to each of the goals. The award to Mr. Iseman will be calculated by multiplying the target award of $415,000 by the percentage that his performance objectives are found to be achieved by the end of performance period. A copy of the plan is attached is attached as Exhibit 10.1