Company: HBAN
Filing Date: 2025-10-20
Form Type: 8-K
Source: 0001140361-25-038574
Chunk: 1

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-10-20
Form: 8-K
Item: Item 8.01
Chunk 1
---
Item 8.01.      Other Events.  

Effective October 20, 2025 (the “ Closing Date”), Huntington completed its previously announced acquisition of Veritex Holdings, Inc., a Texas corporation (“ Veritex”),
pursuant to the Agreement and Plan of Merger, dated as of July 13, 2025 (the “ Merger Agreement”), by and between Huntington and Veritex. Pursuant to the Merger Agreement, (i) Veritex merged with and into Huntington, with Huntington continuing as the
surviving corporation (the “ Merger”), and (ii) following the Merger, Veritex Community Bank, a Texas state-chartered bank and a wholly owned subsidiary of Veritex, merged with and into The Huntington National Bank, a national bank and a wholly owned
subsidiary of Huntington, with The Huntington National Bank continuing as the surviving bank (the “ Bank Merger”).

Pursuant to the Merger Agreement, at the effective time of the Merger (the “ Effective Time”), each share of common stock, par value $0.01 per share, of Veritex (“ Veritex
Common Stock”) outstanding immediately prior to the Effective Time, other than certain shares held by Huntington or Veritex, was converted into the right to receive 1.95 shares of common stock (the “ Exchange Ratio” and such shares, the “ Merger
Consideration”), par value $0.01 per share, of Huntington (“ Huntington Common Stock”). Holders of Veritex Common Stock who would otherwise have been entitled to receive a fraction of a share of Huntington Common Stock (after taking into account all
shares held by such holder) will instead receive cash (without interest) in lieu of such fractional share in accordance with the terms of the Merger Agreement.

Additionally, pursuant to the Merger Agreement: (i) each Veritex stock option with an exercise price that was less than the per share value of the Merger Consideration was
cancelled in exchange for an amount in cash based on the Merger Consideration less the exercise price of such Veritex stock option; (ii) each Veritex stock option with an exercise price that was equal to or greater than the per share value of the
Merger Consideration was cancelled for no consideration; and (iii) each outstanding Veritex restricted stock unit award was cancelled and converted into the right to receive a number of shares of Huntington Common Stock based on the Exchange