Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 226

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 226
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 Bank Regulatory Limitations” above for information regarding certain regulatory
approval requirements under applicable U.S. banking laws that apply to certain acquisitions of voting securities, including the Fifth Third voting preferred stock. If the Federal Reserve Board were to determine that, for purposes of such regulatory
approvals, Fifth Third voting preferred stock represents a separate class of voting securities distinct from the Fifth Third common stock, including as a result of the holders of the Fifth Third voting preferred stock becoming entitled to vote for
the election of additional directors because dividends are in arrears, such regulatory approvals could be required based on solely a shareholder’s proportionate ownership of the Fifth Third voting preferred stock.

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DESCRIPTION OF NEW FIFTH THIRD PREFERRED STOCK At the effective time of the first merger, holders of Comerica common stock will receive 1.8663 shares of Fifth Third common stock for each share of Comerica common stock they hold immediately prior to the effective time of the first merger, and Fifth Third will not issue any fractional shares of Fifth Third common shares in the first merger. In addition, at the effective time, each share of Comerica preferred stock issued and outstanding immediately prior to the effective time will be converted into the right to receive one (1) share of a newly created series of Fifth Third preferred stock (or, as applicable, depositary shares in respect thereof) having terms that are not materially less favorable than the applicable Comerica preferred stock. The following briefly summarizes the terms and provisions of the new Fifth Third preferred stock. A copy of the Form of Amendment to the Amended Articles of Incorporation for the new Fifth Third Preferred Stock is attached as Annex D to this joint proxy statement/prospectus. Ranking With respect to payment of dividends and distributions of assets upon any liquidation, dissolution or winding up of Fifth Third, shares of the new Fifth Third preferred stock will rank:

| • |     | senior to our “junior stock,” meaning Fifth Third common stock and any other class or series of stock                                                                                                                                    
 of Fifth Third hereafter authorized over which the new Fifth Third preferred stock has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of Fifth Third; |

| • |     | equally with any series of parity preferred stock Fifth Third may issue in the future; |

| • |     | junior to any series of stock Fifth Third may issue in the future that ranks senior to the new Fifth Third 
 preferred stock in the payment of dividends; and                                                           |

|