Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 365

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 365
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(f) of the Exchange Act) of the Corporation adopted, modified, or terminated any Rule 10b5-1 trading arrangement or any non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K) during the quarter ended December 31, 2024.

On February 18, 2025, the Corporation filed a Certificate of Correction (the “Certificate of Correction”) to the Certificate of Designations of 5.625% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A of the Corporation (the “Certificate of Designations”). The Certificate of Correction was filed to correct a scrivener’s error included in the Certificate of Designations by correcting the definition of “Reset Date” to reference October 1, 2025, as was correctly disclosed in the Corporation’s prospectus supplement filed with the SEC on May 21, 2020. Pursuant to Section 103(f) of the General Corporation Law of the State of Delaware, the correction was effective as of May 26, 2020.

On February 19, 2025, Nancy Avila notified the Board of Directors that she does not intend to stand for re-election at the 2025 Annual Meeting of Shareholders. She plans to serve out her current term as a director until April 29, 2025. Ms. Avila’s decision was not due to any disagreement with the Corporation on any matter. It is expected that the size of the Board will be reduced to eleven directors, effective at the commencement of the 2025 Annual Meeting of Shareholders on April 29, 2025.

Item 9C.  Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

None.

PART III

Item 10.  Directors, Executive Officers and Corporate Governance.

Comerica has a Senior Financial Officer Code of Ethics that applies to the Chief Executive Officer, the Chief Financial Officer, the Chief Accounting Officer and the Treasurer. The Senior Financial Officer Code of Ethics is available on Comerica's website at www.comerica.com. If any substantive amendments are made to the Senior Financial Officer Code of Ethics or if Comerica grants any waiver, including any implicit waiver, from a provision of the Senior Financial Officer Code of Ethics to the Chief Executive Officer, the Chief Financial Officer, the Chief Accounting Officer or the Treasurer, Comerica will disclose the nature of such amendment or waiver on its website.

The remainder of the response to