Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 145

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 145
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 voting requirements in instances in which a person acquires shares of Old National in excess of certain thresholds or proscribing, in the case of Chapter 43, certain transactions between Old National and an “interested stockholder” (defined generally as a person beneficially owning 10% or more of a corporation’s outstanding voting stock) during the five-year period following the time such person became an interested stockholder.

In addition, Chapter 35 of the IBCL provides that in taking or declining to take any action, or in making or declining to make any recommendation to the shareholders of an Indiana corporation with

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respect to any matter, a board of directors may, in its discretion, consider both the short term and long term best interests of the corporation, taking into account, and weighing as the directors deem appropriate, the effects thereof on the corporation’s shareholders and the other corporate constituent groups and interests, as well as any other factors deemed pertinent by the directors. As a result, by expanding the factors that may be considered relevant by the directors in assessing a takeover proposal, this provision could be deemed to have certain anti-takeover effects.

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COMPARISON OF SHAREHOLDERS’ RIGHTS If the mergers are completed, Bremer shareholders will receive shares of Old National common stock in the mergers. Old National is organized under the laws of the State of Indiana, and Bremer is organized under the laws of the State of Minnesota. The following is a summary of the material differences between (1) the current rights of Bremer shareholders under the Bremer articles of incorporation, amended and restated bylaws and plan of reorganization, and (2) the current rights of Old National shareholders under the Old National articles of incorporation and bylaws. Old National and Bremer believe that this summary describes the material differences between the rights of Old National shareholders as of the date of this proxy statement/prospectus and the rights of Bremer shareholders as of the date of this proxy statement/prospectus; however, it does not purport to be a complete description of those differences. Copies of Old National’s governing documents have been filed with the SEC. To find out where copies of these documents can be obtained, see “Where You Can Find More Information.”

| ​                                           | ​ | ​ | Bremer Governing Documents                                                                                                                                                                                                                                                                                                                                                         | ​ | ​ | Old National Governing Documents                                                                                                                                                                                                                                                                                                       | ​ |
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