Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 29

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 29
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, disability or a change in control.

(4) None of the earnings under the director defined contribution deferred compensation programs are above-market or preferential, so no such amounts are shown in this column. For more details, see the “2024 Non-Qualified Deferred Compensation Plans” section below. Any 2024 contributions to non- employee director deferred compensation programs are included in the “Fees Earned or Paid in Cash” column, in accordance with SEC rules. This column does not include distributions under non-employee director deferred compensation programs in 2024, as provided in SEC rules. Because benefit accruals froze for both of Comerica’s director defined benefit retirement plans on May 15, 1998, there was no change in the participants’ pension values in 2024. The only non-employee director who both served in 2024 and was covered by Comerica's retirement plans is Mr. Taubman. Comerica's incremental costs of perquisites and other personal benefits for each director were below $10,000 and are thus omitted per SEC rules.

(5) Mr. Collins, Mr. Turner and Ms. Kane served on the board until April 23, 2024. Additionally, Mr. Collins has served as the independent Chair on the board of Comerica Bank & Trust, National Association, an affiliate of Comerica, since May 2024. This table excludes Mr. Collins' 2024 fees for such services, which were $66,154.

(6) Mr. Kerr has served as an independent director on the board of Comerica Bank & Trust, National Association, an affiliate of Comerica, since May 2024. This table excludes Mr. Kerr's 2024 fees for such services, which were $43,000.

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| Proposal 2: Ratification of the Appointment of Independent Registered Public Accounting Firm |

Our Audit Committee selected Ernst & Young LLP (“Ernst & Young”) as our independent registered public accounting firm to audit our financial statements for the fiscal year ending December 31, 2025. The Audit Committee believes this selection is in the best interests of the Company and its shareholders and recommends the shareholders ratify its selection.

Ernst & Young has served as our independent registered public accounting firm since 1992. The selection is based on an evaluation of Ernst & Young’s qualifications, experience, quality control processes and results, independence, performance, estimated fees, scope of services and staffing approach, including coordination