Summary
Fifth Third Bancorp (FITB) has filed an 8-K report on December 12, 2025, to announce significant changes to its Board of Directors. Thomas H. Harvey has notified the company of his retirement from the Board, effective January 7, 2026. This departure creates a vacancy that will be filled by the appointment of Priscilla Almodovar as a new Director, also effective January 7, 2026. Ms. Almodovar's appointment is a key development, as she brings new expertise to the board and will immediately contribute to the Nominating and Corporate Governance and Risk and Compliance Committees. Investors should note that her compensation will align with the Company's existing Director Pay Program, which includes a pro-rated grant of $41,712 in Restricted Stock Units (RSUs). This filing provides transparency regarding board composition and executive succession planning.
Key Highlights
- 1Thomas H. Harvey is retiring from the Fifth Third Bancorp Board of Directors, effective January 7, 2026.
- 2Priscilla Almodovar has been appointed as a new Director, effective January 7, 2026, filling the vacancy left by Mr. Harvey.
- 3Ms. Almodovar will serve on the Nominating and Corporate Governance Committee.
- 4Ms. Almodovar will also serve on the Risk and Compliance Committee.
- 5Ms. Almodovar will receive compensation under Fifth Third's established Director Pay Program.
- 6Ms. Almodovar received a pro-rated grant of $41,712 in RSUs as part of her appointment.