Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 200

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 200
---
twenty-five percent (25%)” will instead refer to “fifty percent (50%).” In such case, the termination fee must be paid to Huntington on the earlier of the date Cadence enters into such definitive agreement and the date of consummation of such transaction. |

Huntington will pay Cadence the termination fee if the merger agreement is terminated in the following circumstances:

| • | In the event that the merger agreement is terminated by Cadence pursuant to the last bullet set forth in the section entitled “The Merger Agreement—Termination of the Merger Agreement” above. In such case, the termination fee must be paid to Cadence as promptly as reasonably practicable after the date of termination (and in any event, within three (3) business days of the date of termination). |

| • | In the event that, after the date of the merger agreement and prior to the termination of the merger agreement, a bona fide Huntington acquisition proposal has been communicated to or otherwise made known to the Huntington board of directors or Huntington’s senior management or has been made directly to Huntington shareholders generally, or any person has publicly announced (and not withdrawn at least two (2) business days prior to the Huntington special meeting) a Huntington acquisition proposal with respect to Huntington, and (A) (x) thereafter the merger agreement is terminated by either Cadence or the Huntington Parties pursuant to the third bullet set forth in the section entitled “The Merger Agreement—Termination of the Merger Agreement” above without the requisite Huntington vote having been obtained (and all other conditions set forth regarding shareholder approval and the effectiveness under the Securities Act of the registration statement on Form S-4 of which this joint proxy statement/prospectus forms a part had been satisfied or were capable of being satisfied prior to such termination) or (y) thereafter the merger agreement is terminated by Cadence pursuant to the fourth bullet set forth in the section entitled “The Merger Agreement—Termination of the Merger Agreement” above as a result of a willful breach and (B) prior to the date that is twelve (12) months after the date of such termination, Huntington enters into a definitive agreement or consummates a transaction with respect to a Huntington acquisition proposal (whether or not the same Huntington acquisition proposal as that referred to above), provided that for purposes of the foregoing, |

119

#### TABLE OF CONTENTS
all references in the definition of Huntington acquisition proposal to “twenty-five percent (25%)” will instead refer to “fifty percent (50