Company: HBAN
Filing Date: 2025-08-08
Form Type: S-4/A
Source: 0001140361-25-029894
Chunk: 68

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-08
Form: S-4/A
Chunk 68
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 of the combined company on a fully diluted basis; |

| • | that Huntington has historically paid quarterly cash dividends on its common stock, providing an additional source of returns and liquidity to its shareholders; |

| • | the fact that Veritex’s shareholders will have an opportunity to vote on the approval of the merger agreement and the merger; |

| • | the impact of the merger on Veritex’s employees, including the benefits agreed to be provided by Huntington pursuant to the merger agreement; |

| • | the terms of the merger agreement, which Veritex reviewed with its legal advisor, including the representations, covenants, deal protection and termination provisions. |

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The Veritex board of directors also considered the potential risks related to the transaction but concluded that the anticipated benefits of combining with Huntington were likely to outweigh these risks. These potential risks include:

| • | the possible diversion of management attention and resources from other strategic opportunities and operational matters while working to implement the transaction and integrate the two companies; |

| • | the risk of losing key Veritex employees during the pendency of the merger and thereafter; |

| • | the restrictions on the conduct of Veritex’s business during the period between execution of the merger agreement and the consummation of the merger, which could potentially delay or prevent Veritex from undertaking business opportunities that might arise or certain other actions it might otherwise take with respect to its operations absent the pendency of the merger; |

| • | the potential effect of the merger on Veritex’s overall business, including its relationships with customers, employees, suppliers and regulators; |

| • | the fact that Veritex’s shareholders would not be entitled to appraisal or dissenters’ rights in connection with the merger; |

| • | the possibility of encountering difficulties in achieving cost savings and synergies in the amounts currently estimated or within the time frame currently contemplated; |

| • | the possibility of encountering difficulties in successfully integrating Veritex’s and Huntington’s business, operations and workforce; |

| • | certain anticipated merger-related costs, which could also be higher than expected; |

| • | the regulatory and other approvals required in connection with the merger and the bank merger and the risk that such regulatory approvals will not be received or will not be received in a timely manner or may impose burdensome or unacceptable conditions; |

| • | the potential for legal claims challenging the merger or the decision of the Veritex board of directors to pursue and effect the merger;