Company: HBAN
Filing Date: 2025-07-21
Form Type: S-4
Source: 0001140361-25-026508
Chunk: 37

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-21
Form: S-4
Chunk 37
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 CONTENTS
**Holders of Veritex common stock will have a reduced ownership and voting interest in the combined company after the merger and will exercise less influence over management.

Holders of Veritex common stock currently have the right to vote in the election of the board of directors and on other matters affecting Veritex. When the merger is completed, holders of Veritex common stock will become holders of Huntington common stock, with a percentage ownership of the combined company that is smaller than the holder’s percentage ownership of Veritex. Based on the number of shares of Huntington and Veritex common stock outstanding as of the close of business on the respective record dates, and based on the number of shares of Huntington common stock expected to be issued in the merger, the former holders of Veritex common stock, as a group, are estimated to own approximately [    ] percent ([    ]%) of the fully diluted shares of the combined company immediately after the merger and current holders of Huntington common stock as a group are estimated to own approximately [    ] ([    ])% of the fully diluted shares of the combined company immediately after the merger. Because of this, holders of Veritex common stock will have less influence on the management and policies of the combined company than they now have on the management and policies of Veritex.

Holders of Veritex common stock will not have appraisal rights or dissenters’ rights in the merger.

Appraisal rights (also known as dissenters’ rights) are statutory rights that, if applicable under law, 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. Under Section 10.354 of the TBOC, the holders of Veritex common stock will not be entitled to appraisal or dissenters’ rights in connection with the merger if, on the record date for the Veritex special meeting, Veritex’s shares are listed on a national securities exchange. Veritex common stock is currently listed on the NASDAQ, a national securities exchange, and is expected to continue to be so listed on the record date for the Veritex special meeting. Accordingly, the holders of Veritex common stock are not entitled to any appraisal or dissent