Form 8-K COMERICA INC /NEW/ For: Aug 31
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E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 31, 2015
COMERICA INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware ------------ | 1-10706 ---------- | 38-1998421 --------------- |
(State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
Comerica Bank Tower
1717 Main Street, MC 6404
Dallas, Texas 75201
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(Address of principal executive offices) (zip code)
(214) 462-6831
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.02 | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
Jon W. Bilstrom has announced that he plans to retire in March 2016. He intends to resign from his role as the Governance, Regulatory Relations and Legal Affairs officer and as Secretary of Comerica Incorporated (“Comerica”) on or around January 1, 2016. However, it is expected that he will continue serving as Executive Vice President until his retirement from Comerica.
ITEM 7.01 | REGULATION FD DISCLOSURE. |
On August 31, 2015, John D. Buchanan joined Comerica as Executive Vice President, Legal Affairs. It is anticipated that he will replace Jon W. Bilstrom as Executive Vice President, Governance, Regulatory Relations and Legal Affairs and as Secretary on or around January 1, 2016.
On August 31, 2015, the registrant issued a press release regarding the appointment of Mr. Buchanan. A copy of the press release is attached hereto as Exhibit 99.1.
The information in Items 7.01 and 9.01 of this report (including Exhibit 99.1 hereto) is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 | Press release dated August 31, 2015 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
By: | /s/ Jon W. Bilstrom |
Name: | Jon W. Bilstrom |
Title: | Executive Vice President-Governance, Regulatory Relations and Legal Affairs, |
and Secretary
Date: August 31, 2015
EXHIBIT INDEX
Exhibit No. | Description |
99.1 | Press release dated August 31, 2015 |
JOHN D. BUCHANAN NAMED COMERICA’S
EXECUTIVE VICE PRESIDENT, LEGAL AFFAIRS;
EXPECTED TO ASSUME ROLE OF EXECUTIVE VICE PRESIDENT,
GOVERNANCE, REGULATORY RELATIONS AND LEGAL AFFAIRS,
ON JANUARY 1, 2016
JON W. BILSTROM TO RETIRE IN MARCH 2016
JON W. BILSTROM TO RETIRE IN MARCH 2016
DALLAS/August 31, 2015 -- Comerica Incorporated (NYSE: CMA) today announced that John D. Buchanan, 52, has been named Executive Vice President, Legal Affairs. Buchanan will be a member of Comerica’s Management Executive Committee and will report to Ralph W. Babb Jr., Chairman and Chief Executive Officer. It is anticipated that Buchanan will assume the role of Executive Vice President, Governance, Regulatory Relations and Legal Affairs, on or around January 1, 2016, succeeding Jon W. Bilstrom, who currently holds the position. After a period of transition, Bilstrom plans to retire in March 2016.
Prior to joining Comerica in January 2003, Bilstrom served as President and Chief Executive Officer of The Bar Plan Mutual Insurance Company, of St. Louis, Missouri. Previously, he had served as General Counsel and Secretary to the board of directors at Mercantile Bancorporation, also of St. Louis.
“Jon Bilstrom has been an invaluable member of Comerica’s management team for more than 12 years,” said Babb. “The insights and counsel he shared through a period of incredible change in the financial services industry have been greatly appreciated. Jon Bilstrom and John Buchanan will work closely together over these next several months to ensure a smooth transition. John Buchanan’s significant experience as a banking attorney will be a tremendous asset to us going forward.”
Buchanan joined Comerica today, August 31, 2015. Prior to joining Comerica, he was with the Federal Reserve Bank of Dallas, where he served as Senior Vice President, General Counsel and Corporate Secretary to the Federal Reserve Bank of Dallas’ board of directors, a position he had held since March 5, 2012. Buchanan has more than 23 years of experience as a banking attorney. Previously, he served as Senior Executive Vice President at Regions Financial Corporation. He also has experience serving as General
-more-
Counsel and Corporate Secretary for Regions Financial Corporation, AmSouth Bancorporation and SouthTrust Bank in Birmingham, Alabama. Buchanan has served on numerous committees and boards, including the Financial Services Roundtable Lawyers Council and the American Bar Association Banking Committee. He also served on the board of directors for Mercedes Benz US International. He holds a master’s degree of law in taxation from New York University School of Law and a juris doctor degree from Vanderbilt University School of Law. He also earned a bachelor’s degree in economics from Washington & Lee University. Prior to his legal career, Buchanan was an Army officer and helicopter pilot.
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. Comerica reported total assets of $69.9 billion at June 30, 2015.
Media Contacts: | Investor Contacts: |
Wendy Bridges | Darlene P. Persons |
(214) 462-4443 | (214) 462-6831 |
Wayne J. Mielke | Chelsea R. Smith |
(214) 462-4463 | (214) 462-6834 |
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