Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 26

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 26
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 and the merger agreement, the requirement that each of Old National and Bremer receive opinions from their respective tax counsel that, on the basis of facts,

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representations and assumptions set forth or referred to in such opinion, the mergers, taken together, will qualify as a “reorganization” under Section 368(a) of the Code. If any such representations and assumptions are incorrect, incomplete, or false, or are violated, the validity of the opinion described above may be affected, and the tax consequences of the mergers could differ from those consequences described in this proxy statement/prospectus.

You should be aware that the tax consequences of the mergers to you may depend upon your own situation. In addition, you may be subject to state, local or foreign tax laws that are not discussed in this proxy statement/prospectus. You should therefore consult with your own tax advisor for a full understanding of the tax consequences to you of the mergers. For a more complete discussion of the material U.S. federal income tax consequences of the mergers, see the section of this proxy statement/prospectus entitled “Material U.S. Federal Income Tax Consequences of the Mergers” beginning on page [ ].

All Bremer shareholders should consult their own tax advisors for a full understanding of the particular tax consequences of the mergers to them.

Interests of Bremer’s Directors and Executive Officers in the Mergers (page 53)

In considering the recommendation of the Bremer board of directors with respect to the mergers, Bremer shareholders should be aware that Bremer’s directors and executive officers have interests in the mergers that may be different from, or in addition to, the interests of the other Bremer shareholders. The Bremer board of directors was aware of and considered these interests during its deliberations of the merits of the mergers and in determining to recommend to Bremer shareholders that they vote for the merger proposal and thereby approve the transactions contemplated by the merger agreement, including the mergers and the bank merger. Those interests include, among others:

•

The trustees of the Otto Bremer Trust (two of whom currently serve as directors of Bremer) entered into a trustee voting agreement with Old National, and each of Bremer’s directors (other than the trustees of the Otto Bremer Trust, who have separately entered into the trustee voting agreement) entered into a director voting agreement with Old National, which voting agreements obligate the trustees and the directors to vote their