Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 91

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 91
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 Wiehoff, and Wine chose to defer their cash fees under the Director Deferred Compensation Plan. 4. Represents matching contributions under our charitable matching gifts program, which is available to all of our directors and provides matching charitable donations of up to $5,000 per year to qualified non-profit organizations, schools and educational institutions. Mr. McKenney made charitable contributions in each of 2023 and 2024 for which matching contribution amounts were paid in 2024.

| ​ | U.S. Bancorp 2025 Proxy Statement | ​ | ​ | 79 | ​ |

TABLE OF CONTENTS Audit Committee report and payment of fees to auditor Audit Committee report and payment of fees to auditor Audit Committee report The consolidated financial statements of U.S. Bancorp for the year ended December 31, 2024, were audited by Ernst & Young LLP (EY), independent auditor for U.S. Bancorp. As part of its activities, the Audit Committee has: 1. Reviewed and discussed with management the audited financial statements of U.S. Bancorp; 2. Discussed with the independent auditor the matters required to be discussed under Auditing Standard No. 1301, Communications with Audit Committees,as adopted by the U.S. Public Company Accounting Oversight Board (PCAOB), Statement of Auditing Standards No. 99 (Consideration of Fraud in a Financial Statement Audit), and under the SEC, PCAOB and NYSE rules; 3. Received the written disclosures and letter from the independent auditor required by applicable requirements of the PCAOB regarding the independent accountant’s communications with the audit committee concerning independence; and 4. Discussed with the independent auditor its independence. Based on the review and discussions referred to above, the Audit Committee recommended to the Board of Directors that the audited consolidated financial statements of U.S. Bancorp for the year ended December 31, 2024, be included in U.S. Bancorp’s 2024 Annual Report on Form 10-K filed with the SEC. Audit Committee of the Board of Directors of U.S. Bancorp Warner L. Baxter, Chair
Elizabeth L. Buse
Alan B. Colberg Kimberly N. Ellison-Taylor
Aleem Gillani

Fees to independent auditor The following aggregate fees were billed to us for professional services by EY for fiscal years 2024 and 2023:

| ​ | ($ in millions)    | ​ | ​ | 2024 |   |      |   | ​ | ​ | 202