Company: CMA
Filing Date: 2025-08-05
Form Type: 424B5
Source: 0001193125-25-173600
Chunk: 41

Company: COMERICA INC
Filing Date: 2025-08-05
Form: 424B5
Chunk 41
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dissolution, liquidation or winding up of the affairs of Comerica, nor will the merger, consolidation or any other business combination of any other corporation or person into or with Comerica be deemed to be a voluntary or involuntary dissolution,
liquidation or winding up of the affairs of Comerica.

Because we are a holding company, our rights and the rights of our creditors and
our stockholders, including the holders of the Series B Preferred Stock, to participate in the assets of any of our subsidiaries upon that subsidiary’s liquidation or recapitalization may be subject to the prior claims of that subsidiary’s
creditors, except to the extent that we are a creditor with recognized claims against that subsidiary.

The Series B Preferred Stock may
be fully subordinate to interests held by the U.S. government in the event of a receivership, insolvency, liquidation, or similar proceeding, including a proceeding under the “orderly liquidation authority” provisions of the Dodd-Frank
Act.

Voting Rights

The holders of
the Series B Preferred Stock will have no voting rights, except as provided below or as required by law.

Right to Elect Two Directors upon Nonpayment of Dividends

Whenever dividends payable on the shares of Series B Preferred Stock have not been paid for
six quarterly dividend periods, or their equivalent, whether or not consecutive, then the holders of the Series B Preferred Stock will have the right, with holders of any other equally ranked series of preferred stock that have similar voting rights
and on which dividends likewise have not been paid (the “Voting Parity Securities”), voting together as a class, at a special meeting called at the request of the holders of at least 20% of the voting power of Series B Preferred Stock and
any Voting Parity Securities (unless such request for a special meeting is received less than 90 calendar days before the date fixed for the next annual or special meeting of our stockholders, in which event such election will be held only at such
next annual or special meeting of our stockholders) or at our next annual or special meeting of our stockholders, to elect two additional directors to our board of directors; provided, that the election of any such director does not cause us
to violate the applicable corporate governance requirements of the exchange or trading market where our common stock is then listed or quoted, as the case may be. At any

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meeting held for the purpose of electing such directors, the presence in person or by proxy of the