Company: FITBI
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045653
Chunk: 6

Company: FIFTH THIRD BANCORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 6
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 leadership of the independent directors through responsibilities expressly defined in Fifth Third’s Corporate Governance Guidelines. The Lead Independent Director is annually elected by all independent directors. |

| • |     | Substantial Majority of Independent Directors: The Board of Directors is comprised of a substantial majority of independent directors. The Board has affirmatively determined that all director nominees are considered independent under applicable Nasdaq standards except Mr. Spence, our President and CEO. |

| • |     | Independent Director-Led Committees: All standing Committees of the Board of Directors are led by and entirely comprised of independent directors. |

| • |     | Executive Sessions: Independent directors regularly meet in executive session throughout the year. |

| • |     | Engagement with Regulators: Fifth Third’s regulators are invited to meet with independent directors outside the presence of management. |

Board Accountability

| • |     | Ethics Training and Certification: Directors receive annual ethics training and must review and acknowledge the Code of Business Conduct and Ethics on an annual basis. |

| • |     | Attendance: The Board of Directors and its Committees had a 97% aggregate attendance rate in 2024. |

| • |     | Majority Voting Standards: Fifth Third utilizes majority voting requirements for uncontested director elections, and all directors must be elected annually with no staggered or multi-year terms. In addition, in 2021, Fifth Third eliminated supermajority voting requirements for shareholder approval of amendments to the Articles of Incorporation and for certain business mergers and combinations. |

| • |     | Retirement Age: Our Code of Regulations provides that a director should not stand for re-election at the Annual Meeting following his or her 72nd birthday; provided that the Nominating and Corporate Governance Committee may waive this requirement upon consideration of relevant factors listed in our Corporate Governance Guidelines. |

| • |     | Annually Reviewed Director Pay Program: The Director Pay Program, for non-employee directors, is reviewed and approved annually by the Human Capital and Compensation Committee. |

| • |     | Oversight of Strategy: The Board of Directors actively oversees the development of strategic objectives during a dedicated board meeting and receives updates on the implementation of the strategic plan throughout the year at regularly scheduled Board meetings. The Board also reviews the risk assessment of the strategic plan. |

| • |     | Proxy Access: The Board amended the Bancorp’s Regulations in 2020 to allow proxy access. |

| • |     | Stock Ownership Requirements: Directors are required to own Fifth Third stock equal in value to six times their annual director salary (