Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 24

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 24
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erica Proposal 3: Comerica adjournment proposal. Approval of the Comerica adjournment proposal requires the affirmative vote of a majority of the voting power of the shares present virtually or represented by proxy at the Comerica special meeting and entitled to vote on the Comerica adjournment proposal. If a Comerica stockholder is present at the Comerica special meeting and abstains from voting, or responds by proxy with an “ABSTAIN,” it will have the same effect as a vote cast “AGAINST” the Comerica adjournment proposal. If a Comerica stockholder is not present at the Comerica special meeting and does not respond by proxy or does not provide his, her or its bank, broker or other nominee with instructions, as applicable and as may be required, it will have no effect on the outcome of the Comerica adjournment proposal.

| Q: | Why are holders of Comerica common stock being asked to consider and vote on a proposal to approve, by non-binding, advisory vote, merger-related compensation arrangements for Comerica’s named executive officers (i.e., the Comerica compensation proposal)? |

| A: | Under the rules promulgated by the U.S. Securities and Exchange Commission (the “SEC”),                                                                                                                    
 Comerica is required to seek a non-binding, advisory vote with respect to the compensation that may be paid or become payable to Comerica’s named executive officers that is based on or otherwise relates 
 to the first merger or “golden parachute” compensation.                                                                                                                                                    |

| Q: | What happens if holders of Comerica common stock do not approve, by                                                                                          
 non-binding, advisory vote, the merger-related compensation arrangements for Comerica’s named executive officers (i.e., the Comerica compensation proposal)? |

A:The votes on the proposal to approve the merger-related compensation arrangements for Comerica’s named executive officers are separate and apart from the votes to approve the other proposals being presented at the Comerica special meeting, including the Comerica merger proposal. Because the vote to approve the Comerica compensation proposal is advisory in nature only, it will not be binding upon Comerica in the first merger. Accordingly, the merger-related compensation will be paid to Comerica’s named executive officers to the extent payable in accordance with the terms of their compensation agreements and other contractual arrangements even if the holders of Comerica common stock do not approve the Comerica compensation