Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 155

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part II, Item 1A
Chunk 155
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 Fifth Third’s business, and the amount and timing of such charges are uncertain at present.

While the Merger is pending, we will be subject to business uncertainties and contractual restrictions that could adversely affect our business and operations.

Uncertainty about the effect of the Merger on employees, customers, vendors and other persons with whom we have a business relationship may have an adverse effect on our business, operations and stock price. Existing customers, vendors and other business partners of ours could decide to no longer do business with us before the completion of the Merger or with the combined company after the Merger is completed, reducing its anticipated benefits. We are also subject to certain restrictions on the conduct of our business while the Merger is pending. As a result, certain projects may be delayed or abandoned and business decisions could be deferred. Employee retention may be challenging for us before completion of the Merger, as certain employees may experience uncertainty about their future roles with the combined company following the Merger, and these retention challenges will require us to incur additional expenses in order to retain key employees. If key employees depart because of issues relating to the uncertainty and difficulty of integration or a desire not to remain with the combined company following the Merger, the benefits of the Merger could be materially diminished.    

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds

For information regarding the Corporation's purchase of equity securities, see "Part I. Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations – Capital," which is incorporated herein by reference.

ITEM 5. Other Information

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Table of Contents

No director or officer (as defined in Rule 16a-1(f) of the Exchange Act) of the Corporation adopted, modified, or terminated any Rule 10b5-1 trading arrangement or any non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K) during the quarter ended September 30, 2025.

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ITEM 6. Exhibits

Exhibit No.Description2.1Agreement and Plan of Merger, dated as of October 5, 2025, by and among Fifth Third Bancorp, Fifth Third Financial Corporation, Comerica Incorporated and Comerica Holdings Incorporated (filed as Exhibit 2.1 to the Corporation's Current Report on Form 8-K filed on October 9, 2025, and incorporated herein by reference).3.1Restated Certificate of Incorporation