Fifth Third Bancorp Announces Preliminary Results of Annual Shareholders Meeting

Rhea-AI Summary

Fifth Third Bancorp (NASDAQ: FITB) held its Annual Shareholders Meeting, where preliminary results indicated the re-election of several directors, including Timothy N. Spence, the current president and CEO. Shareholders also ratified the appointment of Deloitte & Touche LLP as the independent external audit firm for 2023 and approved the company's executive compensation via advisory vote. A Form 8-K will be filed within four business days to provide final voting results. Fifth Third aims to be a top regional bank focused on innovation, community impact, and maintaining trust with its customers and shareholders.

Positive

• Timothy N. Spence re-elected as president and CEO.
• Appointment of Deloitte & Touche LLP as independent auditor ratified.

Negative

• None.

CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bancorp (Nasdaq: FITB) has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were re-elected:

• Nicholas K. Akins, executive chairman, retired president, CEO, American Electric Power.
• Evan Bayh III, senior advisor, Apollo Global Management.
• Jorge L. Benitez, retired CEO of North America of Accenture plc.
• Katherine B. Blackburn, executive vice president, Cincinnati Bengals, Inc.
• Emerson L. Brumback, retired president and COO, M&T Bank.
• Linda W. Clement-Holmes, retired Chief Information Officer, The Procter and Gamble Company.
• C. Bryan Daniels, co-founder and principal, Prairie Capital.
• Mitchell S. Fieger, retired Chair and CEO of Fifth Third Bank (Chicago).
• Thomas H. Harvey, CEO, Energy Innovation: Policy and Technology, LLC.
• Gary R. Heminger, retired CEO and chair, Marathon Petroleum Corporation.
• Eileen A. Mallesch, retired senior vice president and CFO, Nationwide Insurance, Property & Casualty Segment.
• Michael B. McCallister, retired chairman and former CEO of Humana, Inc.
• Timothy N. Spence, president and CEO, Fifth Third Bancorp.
• Marsha C. Williams, retired senior vice president and CFO, Orbitz Worldwide, Inc.

Preliminary results also indicated that Fifth Third shareholders ratified and/or approved the following:

• The appointment of Deloitte & Touche LLP as the Company’s independent external audit firm for 2023.
• By advisory vote, the Company’s executive compensation.

Fifth Third expects to file a Form 8-K with final voting results within four business days.

About Fifth Third Bancorp

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people, and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230418006239/en/

Chris Doll (Investor Relations)

Christopher.Doll@53.com | 513-534-2345

Adam Kiefaber (Communications)

Adam.Kiefaber@53.com | 513-534-NEWS

Source: Fifth Third Bancorp

FAQ

What were the results of Fifth Third Bancorp's Annual Shareholders Meeting in 2023?

Preliminary results revealed the re-election of several directors and the ratification of Deloitte & Touche LLP as the independent audit firm for 2023.

Who are the re-elected directors of Fifth Third Bancorp?

Re-elected directors include Timothy N. Spence, Nicholas K. Akins, and Eileen A. Mallesch, among others.

What firm was appointed as Fifth Third Bancorp's auditor for 2023?

Deloitte & Touche LLP was ratified as the independent external audit firm for 2023.

Did Fifth Third Bancorp shareholders approve executive compensation?

Yes, shareholders approved the company's executive compensation by advisory vote.

When will Fifth Third Bancorp file the final voting results?

The company expects to file a Form 8-K with final voting results within four business days.