Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 25, 2022, Karen S. Lynch, a director of U.S. Bancorp (the "Company"), notified the Company that she does not intend to stand for re-election to the Company's Board of Directors following expiration of her current term at the Company's 2022 Annual Meeting of Shareholders. Ms. Lynch's decision not to stand for re-election was for personal reasons and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.


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