Company: NWBI
Filing Date: 2025-02-24
Form Type: 424B3
Source: 0001193125-25-033488
Chunk: 38

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-24
Form: 424B3
Chunk 38
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 not sufficient votes at the time of the special meeting to adopt and approve the Merger Agreement. |

The board of directors of Penns Woods believes that the Merger with Northwest is in the best interests of Penns Woods’ shareholders and recommends that you vote (1) “FOR”the adoption and approval of the Merger Agreement, (2) “FOR”the approval of the specified compensation, and (3) “FOR”the proposal to adjourn the special meeting of Penns Woods shareholders, if necessary, to solicit additional proxies. Record Date; Shares Outstanding and Entitled to Vote The board of directors of Penns Woods has fixed the close of business on February 19, 2025, as the record date for determining the Penns Woods shareholders who are entitled to notice of and to vote at the Penns Woods Special Meeting of shareholders. Only holders of Penns Woods common stock at the close of business on the record date will be entitled to notice of and to vote at the Penns Woods Special Meeting. As of the close of business on February 19, 2025, there were 7,612,878 shares of Penns Woods common stock outstanding and entitled to vote at the special meeting. As of the same date, there were no shares of Penns Woods preferred stock outstanding. The shares of Penns Woods common stock were held of record by approximately 1,090 shareholders. Each share of Penns Woods common stock entitles the holder to one vote on all matters properly presented at the special meeting. Votes Required; Quorum Under Pennsylvania law, the adoption and approval of the Merger Agreement requires the affirmative vote of the holders of at least a majority of votes cast at the special meeting. Approvals of the specified compensation and adjournment of the special meeting each require a majority of the votes cast on the proposal at the special meeting be voted in favor of the proposal. The failure to vote virtually or submit valid proxy instructions, broker non-votesand abstentions will have no effect on the voting on the Merger proposal and the advisory proposal to approve the specified compensation and the proposal to adjourn. The directors of Penns Woods, who collectively have the power to vote approximately 4.65% of the outstanding Penns Woods common stock, entered into support agreements with Northwest on 25

December 16, 2024, pursuant to which they agreed, subject to certain terms and conditions, to vote all of their shares in favor of the adoption and approval of the Merger Agreement. As
of