Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 5

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 5
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 | 10/2022       | ​ | ​ | Founder and CEO, LEReynolds Group, LLC; Retired Lieutenant General, U.S. Marine Corps | ​ | ​ | C, PR, RM            | ​ | ​ |              | ​ |
| ​ | John P. Wiehoff                              | ​ | ​ |  63 | ​ | ​ | 1/2020        | ​ | ​ | Retired Chairman and CEO, C.H. Robinson Worldwide, Inc.                               | ​ | ​ | RM (Chair), C, E     | ​ | ​ |              | ​ |

| ​ | A   | ​ | ​ | Audit Committee                            | ​ | ​ | PR | ​ | ​ | Public Responsibility Committee | ​ |
| ​ | CHR | ​ | ​ | Compensation and Human Resources Committee | ​ | ​ | RM | ​ | ​ | Risk Management Committee       | ​ |
| ​ | C   | ​ | ​ | Cybersecurity and Technology Subcommittee  | ​ | ​ | E  | ​ | ​ | Executive Committee             | ​ |
| ​ | G   | ​ | ​ | Governance Committee                       | ​ | ​ | ​  | ​ | ​ | ​                               | ​ |

1. After ten years of dedicated service on our Board, including most recently as chair of the Compensation and Human Resources Committee and a member of the Governance Committee, Scott W. Wine informed the Board that he would not stand for re-election following expiration of his current term at the 2025 annual meeting.

| ​ | 4 | ​ | ​ | U.S. Bancorp 2025 Proxy Statement | ​ |

TABLE OF CONTENTS Proxy statement highlights

Board nominee composition The composition of our Board of Directors reflects our Board’s and Governance Committee’s deliberate process and focus on ensuring that our Board has an appropriate mix of skills, qualifications and tenure to oversee our business and our company’s strategy. Over the last five years, the Governance Committee and the Board identified priority experience areas that would complement the Board’s existing composition in connection with its oversight of the company’s strategy and risk profile, and elected five new independent directors who bring, among other skills and qualifications, chief executive officer and financial services industry experience as well as risk management, financial reporting and accounting, and cybersecurity and technology expertise.

| ​ |     | ​ | ​ | For more information about our board and nominees, go to page 10. | ​ |

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