Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 169

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 169
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 should be read only in conjunction with the other information provided elsewhere in this joint proxy statement/prospectus or incorporated by reference into this joint proxy statement/prospectus. Please see the section entitled “Where You Can Find More Information” beginning on page 162 .

#### Structure of the Merger
Each of Huntington’s and Cadence’s respective boards of directors has unanimously adopted and approved the merger agreement. The merger agreement provides for the merger of Cadence with and into Huntington National Bank, a national bank and wholly owned bank subsidiary of Huntington, with Huntington National Bank as the surviving bank.

The Huntington Parties may at any time change the method of effecting the merger if and to the extent requested by the Huntington Parties, and Cadence has agreed to enter into such amendments to the merger agreement as the Huntington Parties may reasonably request in order to give effect to such restructuring; provided, however, that no such change or amendment may (i) alter or change the amount or kind of the merger consideration provided for in the merger agreement, (ii) adversely affect the tax treatment of the merger with respect to Cadence’s shareholders or (iii) be reasonably likely to cause the closing of the merger to be materially delayed or the receipt of the requisite regulatory approvals to be prevented or materially delayed.

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#### TABLE OF CONTENTS

#### Merger Consideration
Each share of Cadence common stock issued and outstanding immediately prior to the effective time, except for shares of Cadence common stock owned by Cadence or the Huntington Parties (in each case other than shares of Cadence common stock (i) held in any Cadence benefit plans or related trust accounts, managed accounts, mutual funds and the like, or otherwise held in a fiduciary or agency capacity and (ii) held, directly or indirectly, in respect of debts previously contracted), will be converted at the effective time into the right to receive, without interest, 2.475 shares of Huntington common stock.

All shares of Cadence common stock converted into the right to receive the merger consideration will no longer be outstanding and will automatically be cancelled and will cease to exist as of the effective time, and each old certificate (which includes reference to book-entry account statements relating to the ownership of shares of Cadence common stock) previously representing any such shares of Cadence common stock will thereafter represent only the right to receive (i) the merger consideration, (ii) cash in lieu of a fractional share which the shares of Cadence common stock represented by such old certificate have