Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 90

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 90
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 Secretary of State of Indiana, or at such later date and time as may be specified in the
Articles of Merger (such time being referred to in this proxy statement and prospectus as the “Effective Time”) . The closing of the Merger will likely occur in the month in which any applicable waiting period following the last approval
of the Merger expires or on such other date as agreed to by the parties. We currently anticipate that the Merger will be completed the first quarter of 2026. However, completion of the Merger could be delayed if there is a delay in obtaining the
required shareholder or regulatory approvals or in satisfying the other conditions to completion of the Merger. First Savings and First Merchants have the right, subject to certain conditions, to terminate the Merger Agreement if the Merger is not
completed by June 30, 2026 (or September 30, 2026 if the sole impediment to closing by June 30, 2026 is the lack of a necessary regulatory approval).

No Dissenters’ Rights in the Merger

Dissenters’ rights of appraisal are rights that, if available under applicable law or otherwise, enable shareholders to dissent from an
extraordinary transaction, such as a merger, and to demand that the corporation pay the fair value for their shares as determined by a court in a judicial proceeding instead of receiving the consideration offered to shareholders in connection with
the extraordinary transaction. Dissenters’ rights of appraisal are not available in all circumstances, and exceptions to those rights are provided in the Indiana Business Corporation Law (“IBCL”). Specifically, because First
Savings common stock were listed on the Nasdaq Capital Market on the record date fixed to vote on the Merger, under
Section 23-1-44-8 of the IBCL, First Savings shareholders will not have dissenters’ rights of appraisal in connection
with the Merger.

Interests of Certain Persons in the Merger

When considering the recommendation of the Board of Directors of First Savings, you should be aware that certain of the directors and officers
of First Savings have interests in the Merger other than their interests as First

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Savings shareholders. These interests are different from, or in conflict with, your interests as First Savings shareholders. The members of First Savings’ Board of Directors and the First Merchants’ Board of Directors were aware of these additional interests, and considered them, when they approved the Merger Agreement. Except as follows, to the knowledge of First Savings,