COMERICA INCORPORATED (NYSE:CMA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02.
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On January 23, 2018, the Board of Directors (the “Board”) of Comerica Incorporated (the “Corporation”) appointed Mauricio A. Ortiz, 38, to serve as Chief Accounting Officer, effective immediately. In such capacity, Mr.Ortiz will also serve as the Company’s principal accounting officer.The Corporation previously disclosed, in a Form 8-K filed on November 8, 2017, that Muneera S. Carr, the prior Chief Accounting Officer, was being promoted to Chief Financial Officer on January 23, 2018. Mr. Ortiz has been selected as her successor in the role of Chief Accounting Officer.
Mr.Ortiz has been with the Corporation since May 2010. He had been Senior Vice President and Assistant Controller since February 2015. He served as Assistant Vice President (July 2010 to July 2011) and as Vice President (July 2011 to February 2015) in Accounting Policy and Research. Mr.Ortiz holds a Bachelor’s in Business Administration and a Masters in Professional Accounting from the University of Texas at Austin and is a Certified Public Accountant in the state of Texas.
There are no arrangements or understandings between Mr.Ortiz and any other persons to which he was appointed as an officer, and Mr.Ortiz has no direct or indirect material interest in any transaction required to be disclosed to Item404(a)of Regulation S-K. Mr.Ortiz does not have a family relationship with any member of the Board or any executive officer of the Corporation.
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.
