8-KLeadership ChangesExhibits & Filings

FIFTH THIRD BANCORP 8-K Report, Executive Changes (Nov 9, 2020)

Filed November 9, 2020For Securities:FITBFITBOFITBPFITB-PIFITB-PMFITB-PAFITBIFITB-PK

Summary

Fifth Third Bancorp (FITB) announced a significant leadership change in its financial operations through an 8-K filing dated November 9, 2020. Tayfun Tuzun resigned as Executive Vice President and Chief Financial Officer (CFO), with his departure effective November 9, 2020. This transition marks the end of Mr. Tuzun's tenure in this key financial role. Concurrently, the company appointed James C. Leonard as the new Executive Vice President and CFO, also effective November 9, 2020. The filing notes that Mr. Leonard's qualifications and background are detailed in the company's previous 10-K filing. There are no disclosed related-party transactions or arrangements concerning Mr. Leonard's appointment, suggesting a standard and unencumbered transition into the CFO role.

Key Highlights

  • 1Resignation of Tayfun Tuzun as EVP and CFO, effective November 9, 2020.
  • 2Appointment of James C. Leonard as new EVP and CFO, effective November 9, 2020.
  • 3Mr. Leonard's background information is incorporated by reference from the company's 2019 10-K filing.
  • 4No undisclosed arrangements or understandings related to Mr. Leonard's election as an officer.
  • 5No family relationships between Mr. Leonard and other directors or executive officers.
  • 6No reportable transactions requiring disclosure under Item 404(a) of Regulation S-K involving Mr. Leonard.
  • 7A press release regarding the CFO transition is attached as an exhibit.

Frequently Asked Questions

James C. Leonard has been appointed as the new Executive Vice President and Chief Financial Officer of Fifth Third Bancorp, effective November 9, 2020.

The 8-K filing only states that Tayfun Tuzun resigned as Executive Vice President and Chief Financial Officer. It does not provide specific reasons for his departure.

Based on the filing, there are no disclosed arrangements, understandings, family relationships, or reportable transactions concerning Mr. Leonard's appointment that would require disclosure under SEC regulations, suggesting a straightforward transition.

Information about Mr. Leonard's prior business experience is incorporated by reference from the "Information About Our Executive Officers" section of Fifth Third Bancorp's Annual Report on Form 10-K for the fiscal year ended December 31, 2019.