Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 96

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 96
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 the October 22, 2025 meeting, a substantially final form of the proposed definitive merger agreement, an updated summary of principal transaction terms including as to executive compensation

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TABLE OF CONTENTS

and employee matters, a draft press release announcing the proposed transaction, a draft Huntington investor deck and a form of proposed board resolutions for the approval of the proposed transaction — had been made available to the Huntington Board. At the meeting, Mr. Steinour updated the directors on the final negotiations with Cadence and reviewed certain considerations relating to the proposed transaction, including with respect to the anticipated timeline and financial implications of the proposed transaction. Representatives of Evercore reviewed with the Huntington Board Evercore’s financial analysis summarized below under “—Opinion of Huntington’s Financial Advisor” and rendered to the Huntington Board the oral opinion of Evercore, subsequently confirmed by delivery of a written opinion, dated October 26, 2025, to the Huntington Board, and attached to this joint proxy statement/prospectus as Annex B, to the effect that, as of the date of Evercore’s written opinion and based upon and subject to the factors and assumptions set forth in Evercore’s written opinion, the exchange ratio pursuant to the merger agreement was fair from a financial point of view to Huntington. Representatives of Wachtell Lipton reviewed for the directors the final terms of the proposed merger agreement and other transaction documents. Members of Huntington management discussed the expected timeline and communications plan for the proposed transaction, as they had previously done. Following further discussion, during which the directors considered the matters reviewed and discussed at that meeting and all prior meetings, including the factors described under the section of this joint proxy statement/prospectus entitled “—Huntington’s Reasons for the Merger; Recommendation of the Huntington Board of Directors,” the Huntington Board, unanimously determined that the merger, the merger agreement and the other transactions contemplated by the merger agreement were advisable and fair to and in the best interests of Huntington and its shareholders and declared it advisable to enter into the merger agreement, and unanimously adopted and approved the merger agreement, the merger and the other transactions contemplated by the merger agreement. In the evening of October 26, 2025, following the meetings of the Huntington Board and the Cadence Board, Huntington and Cadence executed the merger agreement. The transaction was announced in the morning of October 27, 2025, in a press release jointly issued by Huntington and Cadence. Huntington’s Reasons for the Merger; Recommendation of Huntington’s