Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 393

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 393
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$1,000 per share, plus any declared and unpaid dividends, without accumulation of any undeclared dividends (the “”), before the Corporation makes any
distribution of assets to the holders of the Corporation’s common stock or any other class or series of stock ranking junior to the Series M Preferred Stock as to such distribution. The holders of Series M Preferred Stock will not be entitled
to any other amounts from the Corporation after they have received their Liquidation Distribution in full.

(b) In any such distribution,
if the assets of the Corporation are not sufficient to pay the Liquidation Distribution in full to all holders of Series M Preferred Stock and all holders of any class or series of stock ranking on parity with the Series M Preferred Stock as to such
distribution, the amounts paid to the holders of Series M Preferred Stock and all holders of such parity stock shall be paid pro rata in accordance with the respective aggregate Liquidation Distribution owed to those holders. If the
Liquidation Distribution has been paid in full to all holders of Series M Preferred Stock and such parity stock, the holders of any other class or series of stock ranking junior to the Series M Preferred Stock as to such distribution shall be
entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

For purposes of this
Section 4, the sale, conveyance, exchange or transfer (for cash, shares of stock, securities or other consideration) of all or substantially all of the property and assets of the Corporation shall not be deemed a voluntary or involuntary
dissolution, liquidation or winding up of the affairs of the Corporation, nor shall the merger, consolidation or any other business combination of any other corporation or person into or with the Corporation be deemed to be a voluntary or
involuntary dissolution, liquidation or winding up of the affairs of the Corporation.

Section 5. .

(a) The holders of Series M Preferred Stock shall have no voting rights, except as provided herein or as required by Ohio law .

(b) Whenever dividends payable on the shares of Series M Preferred Stock have not been paid for six quarterly Series M Dividend Periods, or
their equivalent, whether or not consecutive, then the holders of Series M Preferred Stock will have the right, with holders of any other equally ranked series of preferred stock that have similar voting rights and on which dividends likewise have
not been paid (the “”), voting together as a class, at a special meeting called at the request of the holders of at least 20% of the voting power of the