COMERICA INCORPORATED (NYSE:CMA) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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COMERICA INCORPORATED (NYSE:CMA) Files An 8-K Submission of Matters to a Vote of Security Holders

ITEM 5.07

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
Comerica Incorporated (“Comerica”) held its 2017 Annual Meeting
of Shareholders on April 25, 2017. Matters voted upon by
shareholders at that meeting were:
(i)
the election of eleven directors;
(ii)
the ratification of the appointment of Ernst Young LLP
as independent registered public accounting firm for
the fiscal year ending December 31, 2017;
(iii)
the approval of a non-binding, advisory proposal
approving executive compensation; and
(iv)
a non-binding, advisory proposal regarding the
frequency that shareholders are to be presented with
advisory proposals approving executive compensation
(every one, two or three years).
The final number of votes cast for, against or withheld (if
applicable), as well as the number of abstentions and broker
non-votes, with respect to each matter is set forth below.
Proposal 1
The director nominees listed below each received a majority of
the votes cast that were present in person or represented by
proxy at the Annual Meeting and entitled to vote on the proposal,
and such individuals were each elected to serve as a director
with a one-year term expiring in 2018. The results were as
follows:
Director Nominees
For
Against
Abstained
Broker Non-Vote
Ralph W. Babb, Jr.
131,118,100
5,354,924
327,409
14,323,300
Michael E. Collins
136,204,986
389,146
206,301
14,323,300
Roger A. Cregg
135,188,814
1,435,613
176,006
14,323,300
T. Kevin DeNicola
135,320,394
1,298,706
181,333
14,323,300
Jacqueline P. Kane
136,176,712
444,530
179,191
14,323,300
Richard G. Lindner
133,937,567
1,270,356
1,592,510
14,323,300
Alfred A. Piergallini
134,781,716
1,787,209
231,508
14,323,300
Robert S. Taubman
135,424,857
1,185,173
190,403
14,323,300
Reginald M. Turner, Jr.
135,266,389
1,319,044
215,000
14,323,300
Nina G. Vaca
135,829,000
792,023
179,410
14,323,300
Michael G. Van de Ven
136,313,754
287,705
198,974
14,323,300
Proposal 2
The proposal to ratify the appointment of Ernst Young LLP as
independent registered public accounting firm for the fiscal year
ending December 31, 2017 was approved. The results were as
follows:
For
Against
Abstained
Broker Non-Vote
149,006,294
1,965,572
151,867
Proposal 3
The nonbinding, advisory proposal approving executive
compensation was approved. The results were as follows:
For
Against
Abstained
Broker Non-Vote
133,396,772
2,967,899
435,762
14,323,300
Proposal 4
For the non-binding, advisory proposal regarding the frequency
that shareholders are to be presented with advisory proposals
approving executive compensation (every one, two or three years),
the frequency of one year received the highest number of votes
cast by shareholders. The results were as follows:
One Year
Two Years
Three Years
Abstained
Broker Non-Vote
124,518,411
437,990
11,567,539
276,342
14,323,451
Accordingly, in light of this result and consistent with
Comericas recommendation, the Board has determined that Comerica
will hold an advisory vote on executive compensation every year
until the next required vote on the frequency of shareholder
votes on executive compensation.


About COMERICA INCORPORATED (NYSE:CMA)

Comerica Incorporated (Comerica) is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment. The Business Bank segment serves middle market businesses, multinational corporations and governmental entities by offering various products and services. The Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.

COMERICA INCORPORATED (NYSE:CMA) Recent Trading Information

COMERICA INCORPORATED (NYSE:CMA) closed its last trading session down -0.05 at 70.70 with 1,937,884 shares trading hands.