8-KMaterial AgreementsExhibits & Filings

FIFTH THIRD BANCORP 8-K Report, Material Agreement (May 26, 2005)

Filed May 26, 2005For Securities:FITBFITBOFITBPFITB-PIFITB-PMFITB-PAFITBIFITB-PK

Summary

Fifth Third Bancorp (FITB) filed an 8-K on May 26, 2005, to report an amendment to its Stock Option Gain Deferral Plan, effective May 20, 2005. The key change eliminates the ability for participants to defer the receipt of Fifth Third common stock upon the exercise of stock options that were not yet exercised as of the amendment date. This means that any future stock options exercised will result in the immediate receipt of shares by the option holder, rather than allowing for further deferral. Shares that were previously issued upon exercise and deferred under the plan will continue to be held in deferral until they are paid out according to the original terms of the plan. This amendment affects how future stock option exercises are handled for participants in this specific plan and has implications for the immediate delivery of FITB common stock to these individuals.

Key Highlights

  • 1Fifth Third Bancorp amended its Stock Option Gain Deferral Plan on May 20, 2005.
  • 2The amendment prohibits future deferral of stock received from exercising stock options not yet exercised.
  • 3Previously deferred shares will continue to be held according to existing plan terms.
  • 4The amendment impacts how future stock option exercises are settled for plan participants.
  • 5This change relates to the management and settlement of equity-based compensation.
  • 6The filing was made on May 26, 2005, as a Current Report (8-K).

Frequently Asked Questions

This 8-K filing announces an amendment to Fifth Third Bancorp's Stock Option Gain Deferral Plan. The primary change is that participants can no longer defer receiving shares of Fifth Third common stock upon exercising stock options that had not yet been exercised as of May 20, 2005.

Shares that were already issued upon exercise and had been deferred under the plan before this amendment will continue to be deferred and paid out according to the original terms of the plan.

The amendment to the Stock Option Gain Deferral Plan is effective as of May 20, 2005.

This amendment primarily impacts participants in the Fifth Third Bancorp Stock Option Gain Deferral Plan whose stock options had not yet been exercised prior to May 20, 2005.