Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 102

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 102
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 a timely manner or may impose burdensome or unacceptable conditions; |

| • | the potential for legal claims challenging the merger or the decision of the Cadence board of directors to pursue and effect the merger; |

| • | the risk that the merger may not be completed despite the combined efforts of Cadence and Huntington or that completion may be unduly delayed, including as a result of delays in obtaining the required regulatory approvals; |

| • | the fact that the exchange ratio provides for a fixed number of shares of Huntington common stock and, as such, Cadence shareholders cannot be certain, at the time of the Cadence special meeting, of the market value of the merger consideration they will receive; |

| • | the other numerous risks and uncertainties that could adversely affect Cadence’s and Huntington’s respective operating performance and financial results; and |

| • | the other risks described under the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements.” |

The foregoing discussion of the information and factors considered by the Cadence board of directors is not intended to be exhaustive, but includes the material factors considered by the board. In reaching its decision to adopt the merger agreement and approve the merger and the other arrangements contemplated by the merger agreement, the Cadence board of directors did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The Cadence board of directors considered all these factors as a whole in evaluating the merger agreement, the merger and the other arrangements contemplated by the merger agreement. For the reasons set forth above, the Cadence board of directors determined that the merger agreement and the arrangements contemplated by the merger agreement are advisable and fair to and in the best interests of Cadence and its shareholders, and adopted the merger agreement and approved the merger and the other arrangements contemplated by the merger agreement. In considering the recommendation of the Cadence board of directors, you should be aware that certain directors and executive officers of Cadence may have interests in the merger that are different from, or in addition to, interests of shareholders of Cadence generally and may be deemed to create potential conflicts of interest. The Cadence board of directors was aware of these interests and considered them when evaluating and negotiating the merger agreement, the merger and the other arrangements contemplated by the merger agreement, and in recommending to Cadence’s shareholders that they vote in favor of the Cadence merger proposal. See the section entitled “The Merger—Interests of Cadence’s Directors and Executive Officers in the