Company: HBAN
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001140361-25-026238
Chunk: 1

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-17
Form: 8-K
Item: Item 1.01
Chunk 1
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 the product of (i) the number of shares of Veritex Common St...  
  prior to the Effective Time (assuming achievement of the target level of performance for any Veritex RSUs that are subject to performance-based vesting conditions), multiplied by (ii) the Exchange  
  Ratio.                                                                                                                                                                                                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  Veritex RSUs Granted On or After July 13, 2025. Each outstanding Veritex RSU that is granted                                                                                                          
  on or after July 13, 2025, other than a Veritex RSU held by a non-employee director of Veritex, will be assumed by Huntington and converted into an RSU in respect of shares of Huntington Common...  
  were applicable to such Veritex RSU prior to the Effective Time, in an amount equal to the product of (i) the number of shares of Veritex Common Stock subject to such RSU immediately prior to t...  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

The Merger Agreement provides that at or prior to the consummation of the Merger, Huntington will contribute $10 million to the Huntington Foundation,
which amount will be dedicated to the markets in which Veritex operates. The Huntington Foundation will make all decisions regarding the award of such funds, and The Huntington National Bank’s President, Consumer and Regional Banking will work
with Malcolm Holland to identify organizations and opportunities that are consistent with Huntington’s charitable giving guidelines.

The Merger Agreement contains customary representations and warranties from both Huntington and Veritex for transactions of this type, and each party has
agreed to customary covenants, including, among others, covenants relating to (1) the conduct of its business during the interim period between the execution of the Merger Agreement and the Effective Time and (2) Veritex’s obligation to call a
meeting of its shareholders to approve the Merger and the Merger Agreement, and, subject to certain exceptions, to recommend that its shareholders approve the Merger and the Merger Agreement. Veritex has also agreed to certain non-solicitation
obligations related to alternative business combination proposals.

The completion of the Merger is subject to customary conditions, including (1) approval of the Merger Agreement by