Company: CMA
Filing Date: 2025-08-12
Form Type: 8-K
Source: 0001193125-25-178963
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Company: COMERICA INC
Filing Date: 2025-08-12
Form: 8-K
Item: Item 3.03
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ITEM 3.03      MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS.  

On August 11, 2025, Comerica Incorporated (the “ Company”) issued and sold 16,000,000 depositary shares (the “ Depositary Shares”), each representing a 1/40th ownership interest in a share of 6.875% Fixed-Rate Reset Non-CumulativePerpetual Preferred Stock, Series B, no par value per share, with a liquidation preference of $1,000 per share (equivalent to $25 per Depositary Share) (the “ Series B Preferred Stock”). The Company filed a Certificate of Designations (the “ Certificate of Designations”) with the Secretary of State of the State of Delaware establishing the voting powers, designations, preferences and relative participating, optional and other special rights, and qualifications, limitations or restrictions thereof, of the Series B Preferred Stock on August 7, 2025. Holders of the Depositary Shares are entitled to all proportional rights and preferences of the Series B Preferred Stock (including dividend, voting, redemption and liquidation rights).

Under the terms of the Series B Preferred Stock, the ability of the Company to pay dividends on, make distributions with respect to, or repurchase, redeem or acquire the Company’s common stock or any other stock ranking on parity with or junior to the Series B Preferred Stock, is subject to restrictions in the event that the Company does not declare and either pay or set aside a sum sufficient for payment of dividends on the Series B Preferred Stock for the immediately preceding dividend period.

The foregoing description of the Series B Preferred Stock does not purport to be complete and is qualified in its entirety by reference to the Certificate of Designations. A copy of the Certificate of Designations, to which the form of certificate representing the Series B Preferred Stock is attached as Exhibit A, is filed as Exhibit 3.1 to this Current Report on Form8-Kand is incorporated by reference herein.