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UMBF > SEC Filings for UMBF > Form 8-K on 31-Jan-2014All Recent SEC Filings

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Form 8-K for UMB FINANCIAL CORP


31-Jan-2014

Change in Directors or Principal Officers


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

On January 28, 2014, the Board of Directors of UMB Financial Corporation (the "Company") appointed Brian J. Walker as Chief Financial Officer and Chief Accounting Officer effective January 31, 2014. Mr. Walker is 42 years old and has served as the Company's Chief Accounting Officer since June 18, 2007. Mr. Walker currently receives an annual salary of $203,000 and participates in the Company's 2013 Short-Term Incentive Compensation Program at a target of 25% of his annual salary and in the Company's Long-Term Incentive Compensation Programs at 20% of his annual salary. Mr. Walker's compensation will be evaluated as a part of the annual review of Executive Officers salaries by the Compensation Committee of the Board of Directors in February, 2014.

On January 28, 2014, the Company's immediate past Chief Financial Officer, Michael D. Hagedorn, was appointed as the President and Chief Executive Officer of the Company's subsidiary, UMB Bank, N.A., effective January 31, 2014 and will also retain his title as Vice Chairman of the Company.


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