Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 247

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 247
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 the size of the Huntington board of directors may be increased or decreased pursuant to Huntington’s bylaws but may not be less than three (3) directors. The Huntington bylaws currently provide that a majority of the board of directors may alter the number of directors, but such number may not be more than twenty-five (25) or less than three (3). 
 The current size of the Huntington board of directors is twelve (12) directors. Upon the closing of the merger, the Huntington board of directors will be expanded to fifteen (15) directors.                                                                                                                                                                                                   |     | Cadence’s articles of incorporation and bylaws provide that its board of directors shall consist of not less than nine (9) directors nor more than twenty (20) directors, the exact number to be fixed and determined from time to time by resolution of a majority of the entire board of directors. Cadence currently has 13 directors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Classes of Directors:       |     | Huntington’s charter does not separate the directors into classes with staggered, multi-year terms of office. Directors hold office until the next annual meeting of shareholders and until the director’s successor is elected and qualified or, if earlier, until the director’s death, resignation, or removal from office.                                                                  |     | Under Cadence’s articles of incorporation, until the 2027 term, Cadence’s board of directors must be divided into three classes of as nearly equal size as possible. The members of Class I were elected in 2024 for a three-year term, the members of Class II will serve out their current three-year term and stand for re-election for a one-year term in 2026, and the members of Class III elected in 2025 will serve a one-year term. Following amendments to Cadence's articles of incorporation adopted in 2024, at each annual meeting of shareholders commencing with the annual meeting of shareholders held in 2025, each director shall be elected for a one-year term, and, from that point forward, each director shall have a one-year term and shall hold office until his or her term expires at the annual meeting of shareholders and until his or her successor shall have been duly elected and qualified, subject to his or her earlier death, resignation or removal. |
| Election of Directors:      |     | Under Maryland law, directors are elected by a plurality of all the votes cast at a meeting at which a quorum is present, unless otherwise provided in the charter or bylaws.                                                                                                                                                                                                                   
 Huntington