Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 140

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 140
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 the purchase of shares of Old National common stock in connection with the forward purchaser or its affiliate unwinding its hedge positions could cause the price of Old National common stock to increase over such time (or reduce or prevent a decrease over such time), thereby increasing the amount of cash Old National would owe to the forward purchaser (or decreasing the amount of cash that the forward purchaser would owe Old National) upon a cash settlement of the forward sale agreements or increasing the number of shares of Old National common stock Old National would deliver to the forward purchaser (or decreasing the number of shares of Old National common stock that the forward purchaser would deliver to Old National) upon net share settlement of the forward sale agreements. Old National will not be able to control the manner in which the forward purchaser (or its affiliate) unwinds its hedge positions.

Indiana Law and Certain Provisions of the Old National Articles of Incorporation; Anti-Takeover Measures**

#### Articles of Incorporation
The Old National articles of incorporation currently authorize the issuance of 600,000,000 shares of common stock and 2,000,000 shares of preferred stock. Within the limits of applicable law and the listing rules of the NASDAQ Stock Exchange, these shares are available to be issued, without prior shareholder approval, in classes with relative rights, privileges and preferences determined for each class by the Old National board of directors.

The Old National articles of incorporation also provide that certain business combinations may, under certain circumstances, require approval of more than a simple majority of Old National’s issued and outstanding shares, and require a vote of not less than eighty percent (80%) of the outstanding shares of common stock for the amendment of certain significant provisions of the Old National articles of incorporation.

Additionally, the Old National articles of incorporation provide that the Old National board of directors will consider non-financial factors that it deems relevant when evaluating a business combination. Any amendment of this provision requires a vote of not less than eighty percent (80%) of the outstanding shares of common stock.

Finally, the Old National articles of incorporation provide that any person or group of persons who acquires 15% or more of Old National’s then outstanding common stock must pay an amount at least equal to the highest percent over market value paid for shares already held by such person or group when acquiring additional shares. Any amendment of this provision requires a vote of not less than eighty percent (80%) of the outstanding shares of common stock.

These provisions in the Old National articles of incorporation are designed to encourage potential acquirors to negotiate with the Old National