Source: SEC 8-K Filing
Fifth Third Bancorp (NASDAQ: FITB), a leading U.S. regional bank headquartered in Cincinnati, Ohio, conducted its 2025 Annual Meeting of Shareholders on April 15, delivering notable governance decisions and providing transparency to investors about ongoing financial and leadership strategies.
Thirteen directors were elected to serve until the 2026 meeting, signaling continuity and stability in leadership. Among the key quantitative results:
Most-supported director: Katherine B. Rogers received 532,865,000 votes for, the highest of all nominees (Votes Against: 1,635,634; Abstain: 540,510; Broker Non-Vote: 73,043,618).
Lowest-supported director: Thomas H. Harvey received 495,473,253 votes for (Votes Against: 39,027,813; Abstain: 540,078; Broker Non-Vote: 73,043,618).
Average ‘For’ Votes Across All Directors: Over 520 million votes each, representing robust backing from both common and preferred shareholders.
Deloitte & Touche LLP was reaffirmed as the independent external audit firm for 2025, with decisive support:
Votes For: 580,077,358
Votes Against: 27,121,640
Abstain: 885,764
Broker Non-Votes: 0
This strong endorsement highlights ongoing efforts to maintain financial transparency and robust risk management, consistent with previous annual calls where management has emphasized proactive compliance in an evolving regulatory environment (Q4 2024 Earnings Call: “…our ongoing partnership with Deloitte continues to support our focus on transparent and best-in-class audit practices.”).
Shareholders approved the executive compensation package by a wide margin:
- Votes For: 507,675,415
- Votes Against: 26,167,073
- Abstain: 1,198,656
- Broker Non-Votes: 73,043,618
Past earnings calls have stressed management’s alignment with long-term shareholder value and disciplined compensation frameworks, as echoed in this result. (Q1 2025 Earnings Call: “We remain committed to pay-for-performance principles and aligning incentives with shareholders’ interests.”)
Three key classes of preferred stock were highlighted in the filing, each traded on the NASDAQ: - FITBI: 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I – Depositary shares representing 1/1000th ownership per share. - FITBP: 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A – Depositary shares representing 1/40th ownership per share. - FITBO: 4.95% Non-Cumulative Perpetual Preferred Stock, Series K – Depositary shares representing 1/1000th ownership per share.
These classes provide targeted opportunities for income-focused investors and contribute to Fifth Third’s capital adequacy, a point reinforced in the latest earnings commentary: “Preferred stock continues to be an efficient component of our capital structure, supporting both growth and stability in a dynamic market.”
Fifth Third Bancorp’s 2025 shareholder meeting affirmed its stable governance structure, high shareholder engagement, best-in-class audit practices, and ongoing capital management via diverse preferred stock offerings. These events echo management themes from past quarters, espousing transparency, prudent risk management, and value creation as strategic priorities for the coming year.
For the full 8-K filing, visit the SEC’s official document archive.