Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 123

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 123
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 agreement and the transactions contemplated thereby (including the mergers), the Comerica board of directors did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The Comerica board of directors considered all these factors as a whole, including through its discussions with Comerica’s management and financial and legal advisors, in evaluating the merger agreement and the transactions contemplated thereby (including the mergers). For the reasons set forth above, the Comerica board of directors unanimously (a) determined that the merger agreement and the transactions contemplated thereby are advisable and in the best interests of Comerica and its stockholders, (b) approved the merger agreement and the transactions contemplated thereby, (c) authorized the execution and delivery of the merger agreement and the transactions contemplated thereby, (d) directed that the merger agreement be submitted to the holders of Comerica common stock for adoption and (e) recommended adoption of the merger agreement by the holders of Comerica common stock. In considering the recommendation of the Comerica board of directors, you should be aware that certain directors and executive officers of Comerica may have interests in the merger that are different from, or in addition to, interests of stockholders of Comerica generally and may create potential conflicts of interest. The Comerica board of directors was aware of these interests and considered them when evaluating and negotiating 86

the merger agreement and the transactions contemplated thereby (including the mergers), and in recommending to the holders of Comerica common stock that they vote in favor of the Comerica merger proposal, the Comerica compensation proposal and the Comerica adjournment proposal. See the section entitled “ The Merger—Interests of Comerica’s Directors and Executive Officers in the Merger.” It should be noted that this explanation of the reasoning of the Comerica board of directors and all other information presented in this section is forward-lookingin nature and, therefore, should be read in light of the factors discussed in the section entitled “ Cautionary Statement Regarding Forward -LookingStatements.” For the reasons set forth above, the Comerica board of directors unanimously recommends that the holders of Comerica common stock vote “FOR” the Comerica merger proposal, “FOR” the Comerica compensation proposal and “FOR” the Comerica adjournment proposal. Opinion of Fifth Third’s Financial Advisor At a meeting of the Fifth Third board of directors, Goldman Sachs rendered its oral opinion, subsequently