Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 239

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 239
---
% of all of the shares of the new Huntington preferred stock at the time outstanding and any Voting Parity Stock (as defined in the articles supplementary creating the new Huntington preferred stock), voting together as a single class, will be required to create or issue any shares of capital stock ranking senior to the shares of the new Huntington preferred stock as to dividends and rights upon liquidation, dissolution or winding up, or to reclassify any authorized capital stock into any such shares of such capital stock or issue any obligation or security convertible into or evidencing the right to purchase any such shares of capital stock. Further, so long as any shares of the new Huntington preferred stock remain outstanding, Huntington will not, without the affirmative vote of the holders of at least 66 2/3% in voting power of the new Huntington preferred shares, amend, alter or repeal any provision of the Charter, including by merger, consolidation or otherwise, so as to affect the powers, preferences or special rights of the new Huntington preferred stock. Notwithstanding the foregoing, (i) any increase in the amount of the authorized shares of common stock or preferred stock, or any increase or decrease in the number of shares of any series of preferred stock, or the authorization, creation, and issuance of other classes or series of capital stock, in each case ranking on parity with or junior to the shares of the new Huntington preferred shares as to dividends and distribution of assets upon liquidation, dissolution or winding up, shall not be deemed to affect such powers, preferences or special rights, and (ii) a merger or consolidation of Huntington with or into another entity in which the shares of the new Huntington preferred stock (1) remain outstanding or (2) are converted into or exchanged for preference securities of the surviving entity or any entity, directly or indirectly, controlling such surviving entity and such new preference securities have powers, preferences and special rights that are not materially less favorable than the new Huntington preferred stock shall not be deemed to affect the powers, preferences or special rights of the new Huntington preferred stock.

Special Voting Right

If and whenever dividends on the new Huntington preferred stock or any other class or series of preferred stock that ranks on parity with the new Huntington preferred stock as to payment of dividends, and upon which voting rights equivalent to those granted by this paragraph and the next three (3) paragraphs have been conferred and are exercisable, have not been paid in an aggregate amount equal, as to any class or series, to at least six (6) quarterly dividend periods (whether consecutive or not), the number