Board of Directors at Springfield, Missouri (date unknown).
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Of course the date is after 1964 (when the Frisco general office building was built) and the shorter man at the center of the photo might be R. C. Grayson.
Tom G.
The photo is the same as the Board of Directors photo in the 1972 annual report:
http://frisco.org/mainline/wp-content/uploads/2013/10/Frisco_Annual_Report_1972.pdf
It captions the photo as the board’s July 1972 meeting in front of the Springfield Frisco Office building.
Tom’s spot on with both the location and President & CEO Richard Grayson’s spot in the photo.