Company: NWBI
Filing Date: 2025-02-20
Form Type: S-4/A
Source: 0001193125-25-030716
Chunk: 22

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 22
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 |     | a proposal to adopt and approve the Merger Agreement and the transactions contemplated thereby, including the 
 Merger;                                                                                                       |

| • |     | a proposal to approve, on an advisory basis, specified compensation that may be payable to the named executive 
 officers of Penns Woods in connection with the Merger; and                                                     |

| • |     | a proposal to approve the adjournment of the special meeting, if necessary, to solicit additional proxies, in the  
 event there are not sufficient votes at the time of the special meeting to adopt and approve the Merger Agreement. |

You are entitled to vote at the special meeting if you owned Penns Woods common stock as of the close of business on February 19, 2025. As of February 19, 2025, a total of 7,612,878 shares of Penns Woods common stock were outstanding and eligible to be voted on each matter submitted to shareholders at the Penns Woods Special Meeting. As of the same date, there were no shares of Penns Woods preferred stock outstanding or eligible to be voted at the Penns Woods Special Meeting. Required vote (pages 25) At the Penns Woods Special Meeting, each of the adoption and approval of the Merger Agreement, the advisory proposal on specified compensation and the proposal, and the adjournment of the Penns Woods Special Meeting, if necessary to solicit additional proxies in the event there are not sufficient votes at the time of the Penns Woods Special Meeting, will require the affirmative vote of the majority of the votes cast at the Penns Woods Special Meeting. If a quorum is not present at the Penns Woods Special Meeting, Penns Woods’ Bylaws permit that those present may, except as otherwise provided by law, adjourn the Penns Woods Special Meeting to another date, time and place as they determine. The directors of Penns Woods, who collectively have the power to vote approximately 4.65 % of the outstanding Penns Woods common stock, entered into support agreements with Northwest on December 16, 2024, pursuant to which they agreed, subject to certain terms and conditions, to vote all of their shares in favor of the adoption and approval of the Merger Agreement. As of the date of this proxy statement/prospectus, Northwest and its directors, executive officers and affiliates beneficially owned no Penns Woods common stock, and Penns Woods and its directors, executive officers and affiliates beneficially owned no Northwest common stock. Recommendation to Penns Woods shareholders (