Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 8

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 8
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 Committee, the Board recommends the following 14 persons for election as directors of M&T, to hold office until the 2026 Annual Meeting of Shareholders and until their successors have been duly elected and qualified. Each nominee’s business experience, including occupation, current public company directorships, and public company directorships held at any time during the past five years are provided. Additionally, the experience, qualifications and skills, including education, of each nominee are listed. The information with respect to each nominee is as of March 1, 2025. The information contained in this proxy statement concerning the nominees is based upon statements made or confirmed to M&T by or on behalf of such nominees, except to the extent certain information is contained in M&T’s records. Two current directors, Mr. Robert T. Brady and Mr. T. Jefferson Cunningham III, are not nominees and their terms will end at the Annual Meeting. The Board would like to thank Mr. Brady and Mr. Cunningham for their decades of service and valuable contributions to M&T and the Board. Mr. Brady and Mr. Cunningham will continue as directors of M&T’s principal subsidiary, M&T Bank. The size of the Board will be fixed at 14 directors effective as of the Annual Meeting. The Board believes that the experience, qualifications and skills of each of the director nominees contributes to an effective and well-functioning board providing oversight of M&T’s business and management. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE ELECTION OF EACH OF THE 14 NOMINEES.

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NOMINEES FOR DIRECTOR

| JOHN P. BARNES                       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Risk Committee                       
 Member      Director since           
 2022                                 |     | Mr. Barnes, age 69, is the former Chairman of the Board and Chief Executive Officer of People’s United Financial, Inc. (“People’s United”). He served as Chief Executive Officer of People’s United from July 2010 until April 2022, when he joined the M&T Board upon the closing of M&T’s acquisition of People’s United. He also previously served as Senior Executive Vice President and Chief Administrative Officer of People’s United following its acquisition of Chittenden Corporation in early 2008. He previously served as an Executive Vice President and in multiple other positions at Chittenden Corporation, including heading the Credit Policy and Administration Division. Mr. Barnes is a member