Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 94

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 94
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 of Huntington management reviewed with the directors certain due diligence matters and discussed certain financial aspects of

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#### TABLE OF CONTENTS
the potential transaction, including the pro forma financial impacts, the strategic nature of the potential transaction and the plans for managing integration and conversion, including in light of the pending Veritex transaction. Representatives of Wachtell Lipton provided and discussed a summary of the merger agreement and related items, including compensation matters, the directors’ fiduciary duties and requisite regulatory approvals. Representatives of Evercore then reviewed with the directors certain preliminary financial analyses regarding the two companies. Members of Huntington management discussed the expected timeline and communications plan for the proposed transaction. Following discussion, the directors expressed unanimous support for pursuing a potential transaction with Cadence on the terms discussed at the meeting and directed Huntington management, with the assistance of Huntington’s advisors, to continue to work to finalize the merger agreement and other transaction documents.

On October 26, 2025, the Cadence Board and Executive Management Committee held a meeting, with all members of the Executive Management Committee and Board in attendance, to consider the negotiated terms of the proposed merger and the entry into the merger agreement by Cadence, with representatives of KBW and Sullivan & Cromwell in attendance. Prior to the meeting, a variety of presentation materials — including the financial presentation of KBW, a substantially final form of the proposed definitive merger agreement, an updated summary of executive compensation and employee matters, a draft press release announcing the proposed transaction, a draft Huntington investor deck and a form of proposed board resolutions for the approval of the proposed transaction — had been made available to the Cadence Board. KBW updated the Cadence Board on the changes in the market environment since the October 21, 2025 meeting. KBW then reviewed the financial aspects of the proposed transaction, which included review of the financial analyses and rendered to the Cadence Board the opinion of KBW, which was initially rendered verbally and confirmed in a written opinion dated October 26, 2025, attached to this joint proxy statement/prospectus as

#### Annex C
, to the effect that, as of the date of KBW’s written opinion and subject to the procedures followed, assumptions made, matters considered and qualifications and limitations on the review undertaken by KBW as set forth in such opinion, the exchange ratio in the merger was fair from a financial point of view to the holders of Cadence common stock summarized below in the section entitled “The Merger—Opinion of