Company: HBAN
Filing Date: 2025-07-21
Form Type: S-4
Source: 0001140361-25-026508
Chunk: 29

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-21
Form: S-4
Chunk 29
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 its nature or timing cannot be cured during such period; or

| • | by Huntington, prior to such time as the requisite Veritex vote is obtained, if Veritex or the Veritex board of directors (i) withholds, withdraws, modifies or qualifies in a manner adverse to Huntington the Veritex board recommendation (as defined in “The Merger Agreement—Shareholder Meeting and Recommendation of Veritex’s Board of Directors”), (ii) fails to make the Veritex board recommendation in this proxy statement/prospectus, (iii) adopts, approves, recommends or endorses a Veritex acquisition proposal (as defined in “The Merger Agreement—Agreement Not to Solicit Other Offers”) or publicly announces an intention to adopt, approve, recommend or endorse a Veritex acquisition proposal, (iv) fails to publicly and without qualification (A) recommend against any Veritex acquisition proposal or (B) reaffirm the Veritex board recommendation, in each case within ten (10) business days (or such fewer number of days as remains prior to the Veritex special meeting) after a Veritex acquisition proposal is made public or any request by Huntington to do so, or (v) materially breaches its obligations related to Veritex shareholder approval or Veritex acquisition proposals. |

Termination Fee (page 74) If the merger agreement is terminated by either Huntington or Veritex under certain circumstances, including circumstances involving alternative acquisition proposals and changes in the Veritex board recommendation, Veritex may be required to pay a termination fee to Huntington equal to $56 million. Accounting Treatment (page 55) The merger will be accounted for as an acquisition of Veritex by Huntington under the acquisition method of accounting in accordance with generally accepted accounting principles (“GAAP”). The Rights of Holders of Veritex Common Stock Will Change as a Result of the Merger (page 92) The rights of holders of Veritex common stock are governed by Texas law and by the certificate of formation and bylaws of Veritex. In the merger, holders of Veritex common stock will become holders of common stock of Huntington, and their rights will be governed by Maryland law and the charter of Huntington and the bylaws of Huntington. Holders of Veritex common stock will have different rights once they become holders of common stock of the combined company due to differences between the Veritex governing documents and Texas law, on the one hand, and the Huntington