Comerica Announces Results From Annual Meeting Of Shareholders

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Apr 26, 2016, 01:30 ET

DALLAS, April 26, 2016 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced the results of four proposals at today's annual meeting of shareholders, held at Comerica Bank Tower in Dallas, Texas.

Comerica shareholders today elected the following directors to its Board of Directors for one-year terms: Ralph W. Babb Jr., chairman and chief executive officer, Comerica Incorporated and Comerica Bank; Roger A. Cregg, president and chief executive officer, AV Homes, Inc.; T. Kevin DeNicola, former chief financial officer, KiOR, Inc.; Jacqueline P. Kane, retired executive vice president of Human Resources and Corporate Affairs, The Clorox Company; Richard G. Lindner, retired senior executive vice president and chief financial officer, AT&T Inc.; Alfred A. Piergallini, consultant, Desert Trail Consulting; Robert S. Taubman, chairman, president and chief executive officer, Taubman Centers Inc. and The Taubman Company; Reginald M. Turner Jr., attorney, Clark Hill PLC; and Nina G. Vaca, chairman and chief executive officer, Pinnacle Technical Resources, Inc. and Vaca Industries Inc.

Full biographies for all directors can be found in the Proxy Statement.

Shareholders also ratified the appointment of Ernst & Young LLP as independent registered public accounting firm; approved the 2016 Comerica Incorporated Management Incentive Plan including for purposes of Section 162(m) of the Internal Revenue Code; and approved a non-binding, advisory proposal approving executive compensation.

Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

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SOURCE Comerica Incorporated