Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 158

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 158
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 appointed will be designated by Huntington, it being agreed that one of the designated directors will be James D. Rollins III. In addition, as of the effective time of the merger, Mr. Rollins will be appointed as Vice Chairman of the boards of directors of each of Huntington and Huntington National Bank. For additional information, see “The Merger—Governance of Huntington After the Merger” beginning on page 97and “—Letter Agreement with Mr. Rollins” above. Non-employee members of the board of directors of Huntington (other than Mr. Rollins) will be compensated for such service. As of the date of this joint proxy statement/prospectus, no decisions have been made with respect to which current members of the Cadence board of directors will serve on the board of directors of Huntington after the merger (other than Mr. Rollins). Indemnification; Directors’ and Officers’ Insurance Under the merger agreement, each present and former director and officer of Cadence or any of its subsidiaries is entitled to certain continued indemnification and insurance coverage through the combined bank for acts or omissions occurring at or prior to the effective time of the merger. For additional information, see “The Merger Agreement—Covenants and Agreements—Director and Officer Indemnification and Insurance” beginning on page 112. Merger-Related Compensation for Cadence’s Named Executive Officers This section sets forth the information required by Item 402(t) of Regulation S-K regarding the compensation for each of Cadence’s named executive officers that is based on or that otherwise relates to the merger. The merger-related compensation payable to these individuals is subject to a non-binding advisory vote of Cadence’s shareholders, as described above in “Cadence Proposals—Proposals 2: Cadence Compensation Proposal”. The table below sets forth, for the purposes of this golden parachute disclosure, the amount of payments and benefits that each Cadence named executive officer would receive, using the assumptions set forth above. The calculations in the table do not include amounts that Cadence’s named executive officers were already entitled to receive or vested in as of the date of this joint proxy statement/prospectus. In addition, for Mr. Rollins, the calculations in the table do not include any amounts that may become payable under the letter agreement with Mr. Rollins in respect of Mr. Rollins’s service as advisor to Huntington, as described in the section entitled “—Interests of Cadence's Directors and Executive Officers in the Merger—Letter Agreement