Company: FCNCB
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001193125-25-283229
Chunk: 35

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-11-14
Form: 424B5
Chunk 35
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 be listed). In that event, the number of directors on our board of directors will automatically increase by two and, at the request of any
holder of Series D Preferred Stock, a special meeting of the holders of Series D Preferred Stock and such special voting preferred stock, including the Series D Preferred Stock, for which dividends have not been paid will be called for the election
of the two directors (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of stockholders, in which event such election will be held at such next annual or special meeting of stockholders),
followed by such election at each subsequent annual meeting. These voting rights will continue until full dividends have been paid (or declared and a sum sufficient for the payment of such dividends has been set aside for payment) on the Series D
Preferred Stock and such special voting preferred stock for dividend periods that in the aggregate equal at least 12 consecutive months following the Nonpayment Event.

If and when full dividends have been paid (or declared and a sum sufficient for the payment of such dividends has been set aside for payment)
for dividend periods that, in the aggregate, equal at least 12 consecutive months following a Nonpayment Event on the Series D Preferred Stock and such special voting preferred stock, the holders of the Series D Preferred Stock and such special
voting preferred stock will be divested of the foregoing voting rights (subject to revesting in the event of each subsequent Nonpayment Event) and the term of office of each preferred director so elected will terminate and the number of directors on
our board of directors will automatically decrease by two.

Any preferred director may be removed at any time without cause by the holders
of a majority of the outstanding shares of the Series D Preferred Stock and such special voting preferred stock, voting together as a class, when they have the voting rights described above. So long as such nonpayment continues, any vacancy in the
office of a preferred director (other than prior to the initial election of the Preferred Directors) may be filled by the written consent of the Preferred Director remaining in office, or if none remains in office, by a vote of the holders of a
majority of the outstanding shares of Series D Preferred Stock and such special voting preferred stock, voting together as a class, to serve until the next annual meeting of stockholders; provided that the filling of any such vacancy may not cause
us to violate any corporate governance requirement of The Nasdaq Stock Market LLC (or any other exchange on which our