Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 19

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 19
---
 also has a Senior Financial Officer Code of Ethics that applies to the CEO, Chief Financial Officer ("CFO"), Chief Accounting Officer and Treasurer. The Code of Business Conduct and Ethics for Employees, the Code of Business Conduct and Ethics for Members of the Board of Directors and the Senior Financial Officer Code of Ethics are available on the Investor Relations portion of Comerica’s website at www.comerica.com . Copies of such codes can also be obtained in print by making a written request to the Corporate Secretary.

#### Director Independence
The Board has determined that all non-management directors, currently constituting 92% of the full Board, are independent within the meaning of the listing standards of the NYSE. In making such determination, the Board has affirmatively determined that the following current directors have no material relationship with Comerica (either directly or as a partner, shareholder or officer of an organization that has a relationship with Comerica) other than as a director: Arthur G. Angulo, Nancy Avila, Roger A. Cregg, M. Alan Gardner, Derek J. Kerr, Richard G. Lindner, Jennifer H. Sampson, Barbara R. Smith, Robert S. Taubman, Nina G. Vaca and Michael G. Van de Ven. Additionally, all of the Audit Committee members satisfy the independence standards of Rule 10A-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act") and NYSE rules, and all of the Governance, Compensation and Nominating Committee members satisfy the applicable independence standards under NYSE rules and qualify as non-employee directors for purposes of Rule 16b-3 under the Exchange Act. The Board further determined that Curtis C. Farmer is not independent because he is an employee of Comerica. There are no family relationships between any of Comerica's directors or executive officers.

#### CORPORATE GOVERNANCE PRACTICES25

#### Categorical Standards
Pursuant to Comerica’s Corporate Governance Guidelines, in no event will a director be considered “independent” if, currently or (for items (i) through (v)) within the preceding three (3) years:

(i) the director is or was employed by Comerica;

(ii) an immediate family member of the director is or was employed by Comerica as an executive officer;

(iii) the director, or any of their immediate family, receives or received more than $120,000 per year in direct compensation from Comerica, other than