Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 246

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 246
---
 the director’s death, resignation, or removal from office.                                                                  |     | Under Cadence’s articles of incorporation, until the 2027 term, Cadence’s board of directors must be divided into three classes of as nearly equal size as possible. The members of Class I were elected in 2024 for a three-year term, the members of Class II will serve out their current three-year term and stand for re-election for a one-year term in 2026, and the members of Class III elected in 2025 will serve a one-year term. Following amendments to Cadence's articles of incorporation adopted in 2024, at each annual meeting of shareholders commencing with the annual meeting of shareholders held in 2025, each director shall be elected for a one-year term, and, from that point forward, each director shall have a one-year term and shall hold office until his or her term expires at the annual meeting of shareholders and until his or her successor shall have been duly elected and qualified, subject to his or her earlier death, resignation or removal. |
| Election of Directors:      |     | Under Maryland law, directors are elected by a plurality of all the votes cast at a meeting at which a quorum is present, unless otherwise provided in the charter or bylaws.                                                                                                                                                                                                                   
 Huntington’s bylaws provide that a nominee                                                                                                                                                                                                                                                                                                                                                      |     | Under Cadence’s bylaws, directors are elected by a plurality of the votes cast by the shareholders entitled to vote in the election. In an uncontested election, any nominee for director who receives a greater number of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

147

TABLE OF CONTENTS

|                                      |     | Huntington                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     | Cadence                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                      |     | for election to the Huntington board of directors will be elected only if the number of votes cast “for” such nominee’s election exceeds the number of votes cast “against” or affirmatively “withheld” as to such nominee’s election. Any incumbent director who fails to receive the vote required by Huntington’s bylaws to be elected a director shall automatically be deemed to have offered their resignation for consideration. Any director (1) whose resignation is under consideration or (2) who serves on another company’s board with the director whose resignation is under consideration, shall not participate in any deliberations regarding whether to accept the resignation.                                                   
 If, on either the date of Huntington’s proxy statement for the meeting or on the date of