---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-178963"
form_type: "8-K"
ticker: null
cik: "0000028412"
company_name: "COMERICA INC"
filed_at: "2025-08-12T23:59:59+00:00"
generated_at: "2026-05-17T14:56:59.766460+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Comerica issues $400M of 6.875% Series B Preferred Stock, net proceeds $392.2M

## Summary
- Issued 16M depositary shares (each 1/40th interest) at $25 liquidation preference per share, totaling $400M.
- Dividend rate of 6.875% fixed-rate reset, non-cumulative perpetual preferred stock.
- Net proceeds of approximately $392.2M after underwriting discount and expenses.
- Underwriters include BofA Securities, J.P. Morgan, Morgan Stanley, and RBC Capital Markets.
- Restrictions on common stock dividends or repurchases if preferred dividends are not paid.

## SEC filing metadata
- accession: 0001193125-25-178963
- form_type: 8-K
- cik: 0000028412
- company_name: COMERICA INC
- filed_at: 2025-08-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/28412/000119312525178963/0001193125-25-178963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/28412/000119312525178963/d10770d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-178963
- JSON: https://secwatch.observer/filing/0001193125-25-178963.json
- Plain text: https://secwatch.observer/filing/0001193125-25-178963.txt

## Key facts
- Governance Changes
  COMERICA INC: Certificate of Designations establishing Series B Preferred Stock was filed, amending the Restated Certificate of Incorporation (effective 2025-08-07).
  - Change: charter amendment
  - Effective: 2025-08-07
  source text: The Certificate of Designations became effective upon filing with the Secretary of State of the State of Delaware, and it amends the Company’s Restated Certificate of Incorporation, as amended.
  evidence_url: https://www.sec.gov/Archives/edgar/data/28412/000119312525178963/0001193125-25-178963-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.