Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 98

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 98
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| • | the potential for legal claims challenging the merger; and |

| • | the other risks described under the sections entitled “Risk Factors” beginning on page34and “Cautionary Statement Regarding Forward-Looking Statements” beginning on page31. |

The foregoing discussion of the information and factors considered by the Huntington board of directors is not intended to be exhaustive, but includes the material factors considered by the Huntington board of directors. In reaching its decision to approve the merger agreement, the merger, and the other transactions contemplated by the merger agreement, the Huntington board of directors did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The Huntington board of directors considered all these factors as a whole, including through its discussions with Huntington’s management and financial and legal advisors, in evaluating the merger agreement, the merger, and the other transactions contemplated by the merger agreement. For the reasons set forth above, the Huntington board of directors determined that the merger, the merger agreement and the other transactions contemplated by the merger agreement are advisable and fair to and in the best interests of Huntington and its shareholders, and adopted and approved the merger agreement, the merger and the other transactions contemplated thereby. It should be noted that this explanation of the reasoning of the Huntington board of directors and all other information presented in this section is forward-looking in nature and, therefore, should be read in light of the factors discussed in the section entitled “Cautionary Statement Regarding Forward-Looking Statements” beginning on page 31. For the reasons set forth above, the Huntington board of directors unanimously recommends that the holders of Huntington common stock vote “FOR” the Huntington share issuance proposal and “FOR” the other proposals to be considered at the Huntington special meeting. Cadence’s Reasons for the Merger; Recommendation of Cadence’s Board of Directors In reaching its decision to adopt the merger agreement and approve the merger and the other arrangements contemplated by the merger agreement, and to recommend that its shareholders approve the merger agreement and the merger, the Cadence board of directors evaluated the merger agreement, the merger and the other arrangements contemplated by the merger agreement in consultation with Cadence’s management, as well as Cadence’s financial and legal advisors, and considered a number of factors, including the following factors:

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TABLE OF CONTENTS

| • | each of Cadence’s and Huntington’s business, operations, financial condition, stock performance, asset quality, earnings and prospects. In reviewing these factors, including the information obtained through due