Company: CMA
Filing Date: 2025-12-18
Form Type: 425
Source: 0001193125-25-323441
Chunk: 3

Company: COMERICA INC
Filing Date: 2025-12-18
Form: 425
Chunk 3
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 in the definitive proxy statement. For clarity, additions within restated paragraphs and tables from the definitive proxy statement are underlined and deletions within restated paragraphs and tables are bold and stricken. The question and answer at the bottom of pg. 15 in the Section entitled “Questions and Answers” is amended and restated as follows:

| Q: | What happens if the first merger is not completed? |

| A: | If the first merger is not completed, Comerica stockholders will not receive any consideration for their shares                                                                                                                                    
 of Comerica common stock in connection with the first merger. Instead, Fifth Third and Comerica will remain independent public companies, Fifth Third common stock will continue to be listed and traded on NASDAQ, and Comerica common stock and  
 Comerica preferred stock will continue to be listed and traded on the NYSE. In addition, if the merger agreement is terminated in certain circumstances, a termination fee of $500 million will be payable by either Fifth Third or Comerica, as   
 applicable. See “The Merger Agreement — Termination Fee” beginning on page 134 for a more detailed discussion of the circumstances under which a termination fee will be required to be paid. The termination fee is only                          
 payable by Comerica and Fifth Third in the circumstances described in that section. Therefore, if Comerica’s stockholders were to vote against adoption of the merger agreement and the merger agreement was thereafter subsequently terminated in 
 circumstances other than as described in that section, then Comerica would not be required to pay the termination fee to Fifth Third.                                                                                                              |

The Section entitled “Questions and Answers” is amended to add the following additional question and answer: Q: What happens if Comerica or Fifth Third stockholders vote against adoption of the merger agreement? A:The merger agreement provides that if either Comerica fails to obtain the required vote of its stockholders to adopt the merger agreement or Fifth Third fails to obtain the required vote of its shareholders to approve the Fifth Third stock issuance, each of the parties will in good faith use its reasonable best efforts to negotiate a restructuring of the transactions provided for in the merger agreement, but neither party will have any obligation to alter or change any material terms, including the amount or kind of the consideration to be issued to holders of the capital stock of Comerica or Fifth Third as provided for in the merger agreement, in a manner adverse to such party or its shareholders or stockholders, as applicable and/or resubmit the merger agreement