Company: HBAN
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001140361-25-026238
Chunk: 0

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-17
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

On July 13, 2025, Huntington Bancshares Incorporated, a Maryland corporation (“ Huntington”), entered into an Agreement and Plan of Merger (the “ Merger
Agreement”) with Veritex Holdings, Inc., a Texas corporation (“ Veritex”). The Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, Veritex will merge with and into Huntington (the “ Merger”), with
Huntington continuing as the surviving corporation in the Merger (the “ Surviving Corporation”). Immediately following the Merger, Veritex’s wholly owned banking subsidiary, Veritex Community Bank, will merge with and into Huntington’s wholly owned
banking subsidiary, The Huntington National Bank (the “ Bank Merger”), which will continue as the surviving bank in the Bank Merger. The Merger Agreement was unanimously approved by the Board of Directors of each of Huntington and Veritex.

Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the “ Effective Time”), each share of
common stock, par value $0.01 per share, of Veritex (“ Veritex Common Stock”) outstanding immediately prior to the Effective Time, other than certain shares held by Huntington or Veritex, will be converted into the right to receive 1.95 shares of
common stock (the “ Exchange Ratio” and such shares, the “ Merger Consideration”), par value $0.01 per share, of Huntington (“ Huntington Common Stock”). Holders of Veritex Common Stock will receive cash in lieu of fractional shares.

At the Effective Time, each outstanding Veritex equity award will be treated as follows:

  Veritex Stock Options: Each Veritex stock option with a per-share exercise price that is less                                                                                                         

  Veritex RSUs Granted Prior to July 13, 2025 and Veritex RSUs Held by Non-Employee Directors.                                                                                                          
  Each outstanding award of unvested restricted stock units (each, an “ RSU”) in respect of shares of Veritex Common Stock (each, a “ Veritex RSU”) (a) granted prior to July 13, 2025 or (b) held ...  
  vested or unvested, will be cancelled and converted into the right to receive a number of shares of Huntington Common Stock equal to