Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 149

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 149
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 or reimbursed by the corporation, if it is ultimately determined that the criteria for indemnification have not been satisfied, and (ii) after a determination that the facts then known to those making the determination would not preclude indemnification under the MBCA. | ​ | ​ | in the Securities Act and is, therefore, unenforceable.                                                                                                                                                                                                                                                                                                                                                                    | ​ |
| Amendments to Organizational Documents | ​ | ​ | The Bremer articles of incorporation may be amended pursuant to the procedures specified in the MBCA. Pursuant to the MBCA, an amendment to the Bremer articles of incorporation may be submitted to the Bremer shareholders by a resolution approved by the affirmative vote of a majority of the directors present or by a shareholder or shareholders holding three percent or more of the voting power of the shares entitled to vote. The proposed amendment is adopted upon the affirmative vote of the holders of the greater of (i) a majority of the voting power of the shares present                                                                                                                                                                                         | ​ | ​ | Under the IBCL, the Old National articles of incorporation may be amended by the affirmative vote of a majority of all votes entitled to be cast on the matter at any shareholder meeting.                                                                                                                                                                                                                                 
 The Old National articles of incorporation provide that the Old National bylaws may be amended by either (i) the affirmative vote of a majority of the actual number of directors elected and qualified or (ii) the affirmative vote of a majority of all votes entitled to be cast on the matter at any shareholder meeting, provided that the proposed amendment is contained in the notice of such shareholder meeting. | ​ |

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TABLE OF CONTENTS

| ​                                         | ​ | ​ | Bremer Governing Documents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | ​ | ​ | Old National Governing Documents                                                                                                                                                                                                                                            | ​ |
| ​                                         | ​ | ​ | and entitled to vote on the amendment proposal and (ii) a majority of the voting power of the minimum number of the shares entitled to vote that would constitute a quorum for the transaction of business at the meeting.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
 Subject to certain exceptions, the Bremer bylaws may be amended, altered or repealed by a majority of the whole board of directors provided that such proposed amendment is included in the notice for such meeting. The shareholders of Bremer may amend the Bremer bylaws pursuant to the procedures specified in the MBCA. Pursuant to the MBCA, an amendment to the Bremer bylaws may be submitted to the