Company: USB-PA
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001104659-25-020883
Chunk: 95

Company: US BANCORP \DE\
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 95
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ification in order to ascertain the views of our shareholders on this appointment. If the selection is not ratified, the Audit Committee will reconsider its selection. Representatives of EY are expected to attend the annual meeting, will be available to answer shareholder questions, and will have the opportunity to make a statement if they desire to do so.

| ​ | ​ |                                                                                                                                                                               | ​ | ​ | FOR | ​ | ​ |
| ​ | ​ | The Board of Directors recommends that you vote “FOR” ratification of the selection of Ernst & Young LLP as the independent auditor of U.S. Bancorp for the 2025 fiscal year. |   |   |     | ​ | ​ |

| ​ | 82 | ​ | ​ | U.S. Bancorp 2025 Proxy Statement | ​ |

TABLE OF CONTENTS Proposal 4 — Shareholder proposal regarding a report on board oversight of risks relating to discrimination Proposal 4 — Shareholder proposal regarding a report on board oversight of risks relating to discrimination The Board of Directors recommends that you vote “AGAINST” this shareholder proposal for the reasons set forth below. Shareholder proposal American Conservative Values ETF, 9711 Washingtonian Blvd., Suite 550, Gaithersburg, Maryland 20878, the holder of 5,788 shares of our common stock, has advised us that it intends to introduce the following resolution at the annual meeting. The company is not responsible for the accuracy or content of the proposal and the supporting statement which appear in the form received by the proponent in accordance with rules of the SEC. Report on Risks of Politicized De-banking Supporting Statement: Financial institutions control access to the marketplace. On account of their unique and pivotal role in America’s economy, many federal and state laws already prohibit them from discriminating against customers. As shareholders of U.S Bancorp, we believe it is essential for the company to provide financial services on an equal basis without regard to factors such as race, color, religion, sex, national origin, or social, political, or religious views. We are concerned with the rising trend of financial institutions politicizing their services, whether through radical environmental commitments, icolluding with federal law enforcement to profile conservative and religious Americans as domestic terrorist threats, iior outright denying service to certain industries, iiipolitical groups, Muslims, or other religious groups. iv Numerous state attorneys general, vfinancial officers, viand agriculture commissioners viihave warned major financial institutions about their conduct. Democrats and Republican Congress members are investigating. viiiThe