Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 92

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 92
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, email ir@53.com, telephone (866) 670-0468, or Fifth Third’s proxy solicitor, D.F. King & Co., at the following address 48 Wall Street-22nd Floor, New York, New York
10005, or by calling toll-free at (866) 207-3626.

62

FIFTH THIRD PROPOSALS

PROPOSAL 1: FIFTH THIRD STOCK ISSUANCE PROPOSAL

Fifth Third is asking the Fifth Third voting shareholders to approve the issuance of Fifth Third common stock in connection with the first merger of Comerica
with and into Fifth Third Intermediary as merger consideration to holders of Comerica common stock pursuant to the merger agreement (including for purposes of complying with NASDAQ Rule 5635(d), which requires approval of the issuance of shares of
Fifth Third common stock in an amount that exceeds 20% of the currently outstanding shares of Fifth Third common stock).

Pursuant to the merger agreement
and based on the number of shares of Comerica common stock outstanding or reserved for issuance as of November 21, 2025, the last practicable trading day before the date of the accompanying joint proxy statement/prospectus, Fifth Third expects
to issue approximately 250,345,924 shares of Fifth Third common stock to holders of Comerica common stock in connection with the consummation of the first merger. Under NASDAQ Listing Rule 5635, a company listed on NASDAQ is required to obtain
shareholder approval of a majority of the votes cast on such proposal prior to the issuance of shares of common stock or securities convertible into or exercisable for common stock, in connection with the acquisition of stock of another company if
the common stock has, or will have upon issuance, voting power equal to or in excess of 20% of the voting power outstanding before the issuance of stock or securities convertible into or exercisable for common stock, or the number of shares of
common stock to be issued is or will be equal to or in excess of 20% of the number of shares of common stock outstanding before the issuance of the stock or securities. If the first merger is completed, the number of shares of Fifth Third common
stock issued will exceed 20% of the Fifth Third common stock outstanding before such issuance. In this proposal, Fifth Third is asking Fifth Third voting shareholders to authorize the issuance of Fifth Third common stock in connection with the first
merger. See “The