Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 24

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 24
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 to and discussed by the Nominating and Corporate Governance Committee, Compensation Committee, and, as appropriate, other Board committees and the entire Board. After considering feedback received from shareholders in recent years, we:

| • |     | amended the Regulations to reduce the ownership threshold required to call a special meeting of shareholders from 25% to 15%; |

| • |     | amended our Regulations to adopt a meaningful proxy access right for shareholders; |

| • |     | formalized additional responsibilities for the independent Lead Director and added disclosure about the Lead Director’s activities (see page 14 of this proxy statement); |

| • |     | formalized an annual evaluation of the Lead Director and incorporated the evaluation process in our Corporate Governance Guidelines; |

| • |     | increased our disclosure with respect to our political spending and activity; and |

| • |     | enhanced our public disclosures regarding corporate responsibility and sustainability matters. |

In addition, our Chief Executive Officer, Chief Financial Officer, Director of Investor Relations, and other members of our senior management team receive regular feedback from the investment community—through ongoing communication, on-and off-siteinvestor visits, meetings, and conferences—regarding our strategy, financial results, and other topics of interest, and regularly brief our Board on this feedback. Director Education Throughout the year, our directors participate in continuing education activities and receive educational materials on a wide variety of topics (including corporate governance, corporate responsibility and sustainability, the financial services industry, cybersecurity, executive compensation, risk management, finance, and accounting). Annually, the Board holds director

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The Board of Directors and Its Committees education sessions focusing on topics suggested by the directors, including through feedback obtained in connection with our Board Assessment processes, at a meeting of the Board and its committees. From time to time, our directors may also attend seminars and other educational programs at KeyCorp’s expense. These educational opportunities provide our directors with timely updates on best practices among our peers and in the general marketplace and further supplement our directors’ significant business and leadership experiences. Communication with the Board Interested parties may submit comments about KeyCorp to the directors, including to the lead director or the independent directors as a group, in writing at KeyCorp’s headquarters at 127 Public Square, Cleveland, Ohio 44114. Correspondence should be addressed to “Lead Director, KeyCorp Board of Directors, care of the Secretary of KeyCorp” and marked “Confidential.” Interested parties wishing to communicate with the Audit Committee regarding accounting, internal accounting controls, or auditing matters