Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 30

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 30
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us that the shareholders of Bremer approve the merger agreement, or withheld, withdrawn, modified or qualified such recommendation in a manner adverse to Old National, (b) adopted, approved, recommended or endorsed an alternative acquisition proposal or publicly disclosed its intention to do so, or failed to publicly and without qualification recommend such alternative acquisition proposal or reaffirm its recommendation that the shareholders of Bremer approve the merger agreement, within ten (10) business days (or such fewer number of days as remains prior to the Bremer special meeting) after an alternative acquisition proposal is made public or any request by Old National to do so, or (c) publicly proposed to do any of the foregoing, or (ii) Bremer or Bremer’s board of directors has breached in any material respect its obligations relating to shareholder approval or the non-solicitation of acquisition proposals.

For more information, see “The Merger Agreement — Termination of the Merger Agreement.”

#### Termination Fee (page 74)
If the merger agreement is terminated under certain circumstances Bremer will be required to pay to Old National a termination fee equal to $55,000,000.

For more information, see “The Merger Agreement — Termination Fee.”

The Rights of Bremer Shareholders Will Change as a Result of the Mergers (page 87)

The rights of Bremer shareholders will change as a result of the mergers due to differences in Old National’s and Bremer’s governing documents. The rights of Bremer shareholders are governed by Minnesota law and by Bremer’s restated articles of incorporation, amended and restated bylaws and that certain Plan of Reorganization, dated February 9, 1989 (the “plan of reorganization”). Upon the completion of the mergers, Bremer shareholders immediately prior to the effective time will become Old National shareholders, as the continuing legal entity after the mergers, and their rights as Old National shareholders will therefore be governed by Indiana law and the Old National amended and restated articles of incorporation and amended and restated bylaws.

See “Comparison of Shareholders’ Rights” for a description of the material differences in shareholders’ rights under each of the Old National and Bremer governing documents.

#### Accounting Treatment (page 78)
The mergers will be accounted for as an acquisition of Bremer by Old National under the acquisition method of accounting in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) for financial reporting and accounting purposes.

#### Public Trading Markets (page 58)
Old National