Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 150

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 150
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 is signed by all of the shareholders entitled to vote entitled to vote with respect to the subject matter of the action. Any such written consent must be filed with the minutes of the proceedings of the shareholders. | ​ |
| Share Conversion                          | ​ | ​ | Upon the occurrence of the following events, each share of Bremer Class B common stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | ​ | ​ | Not applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                              | ​ |

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TABLE OF CONTENTS

| ​                  | ​ | ​ | Bremer Governing Documents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | ​ | ​ | Old National Governing Documents | ​ |
| ​                  | ​ | ​ | will be converted into one full paid and nonassessable share of Bremer Class A common stock:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 at the affirmative election of the transferee upon the transfer of Bremer Class B common stock from the holder thereof to any third party or entity; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 at the affirmative election of the holder of Bremer Class B common stock, if cash dividends have not been paid on the Bremer Class A common stock and the Bremer Class B common stock with respect to any fiscal year of Bremer in an amount equal to at least 5% of Bremer’s consolidated net book value as of the last date of the immediately preceding fiscal year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | ​ | ​ | ​                                | ​ |
| Transfer of Shares | ​ | ​ | Bremer purchase option                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 In the event that a holder of Bremer Class A common stock proposes to dispose of or transfer its stock (or any interest therein) to a third party or upon the death, retirement or termination of employment with Bremer of such holder, such holder must provide written notice to Bremer of such event, and Bremer or its assignee will have the option to purchase the Bremer Class A common stock for a cash purchase price equal to its book value per share as shown on Bremer’s consolidated balance sheet as of the last day of the immediately preceding fiscal quarter (the “Bremer purchase option”). The Bremer purchase option commences on the date of the event giving rise to the Bremer purchase option and continues until 60 days after Bremer receives written notice of the event giving rise to the Bremer purchase option. The closing of any purchase and sale of Bremer Class A common stock contemplated by the Bremer purchase option must occur