8-KLeadership ChangesOther EventsExhibits & Filings

FIFTH THIRD BANCORP 8-K Report, Executive Changes (Dec 17, 2008)

Filed December 17, 2008For Securities:FITBFITBOFITBPFITB-PIFITB-PMFITB-PAFITBIFITB-PK

Summary

Fifth Third Bancorp (FITB) filed an 8-K on December 17, 2008, primarily to report on two key developments. First, the company announced the appointment of Marsha C. Williams as a new director, effective December 16, 2008. Ms. Williams, who serves as Senior Vice President and Chief Financial Officer of Orbitz Worldwide, Inc., will fill a vacancy created by increasing the Board size to fifteen members and is expected to join the Audit Committee. Her compensation will align with that of other non-employee directors. Second, the filing addresses the company's fourth-quarter 2008 dividend and a special meeting of shareholders scheduled for December 29, 2008. While the specific details of the dividend and the agenda for the special meeting are not fully detailed within the 8-K itself, it indicates that related press releases and a letter to shareholders were issued on December 16, 2008, providing further information on these matters.

Key Highlights

  • 1Fifth Third Bancorp appointed Marsha C. Williams as a new director, expanding the Board to fifteen members.
  • 2Ms. Williams brings financial expertise, currently serving as SVP and CFO of Orbitz Worldwide, Inc.
  • 3She is expected to be appointed to the Registrant's Audit Committee, enhancing financial oversight.
  • 4The company announced its fourth-quarter 2008 dividend.
  • 5A special meeting of shareholders has been scheduled for December 29, 2008.
  • 6Related press releases and a letter to shareholders were issued on December 16, 2008, to communicate these updates.

Frequently Asked Questions

Marsha C. Williams is the Senior Vice President and Chief Financial Officer of Orbitz Worldwide, Inc. She was appointed as a new director to the Fifth Third Bancorp Board on December 16, 2008, to fill a vacancy created by increasing the size of the Board to fifteen members. Her financial expertise is expected to be valuable, and she is slated to join the Audit Committee.

The 8-K indicates a special meeting of shareholders is scheduled for December 29, 2008. While the specific agenda is not detailed in this filing, it is likely related to the company's financial performance, strategic decisions, or other corporate governance matters, especially given the context of the fourth-quarter dividend announcement.

The 8-K filing states that press releases and a letter to shareholders were issued on December 16, 2008, containing details about the fourth-quarter dividend and the special meeting. These documents are attached as exhibits to this 8-K filing (Exhibits 99.2 and 99.3) and can be reviewed for comprehensive information.