Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 36

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 36
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| • | under the terms of the Cadence Executive Performance Incentive Plan (the “EPIP”), following the closing of the merger, each Cadence executive officer will be entitled to receive no less than the target amount of his or her then-current annual cash incentive bonus; |

| • | Huntington entered into a letter agreement with Mr. Rollins concurrently with the execution of the merger agreement, which provides for, among other things, certain compensation and benefits for his service with Huntington following the closing of the merger; |

| • | three of Cadence’s directors (including Mr. Rollins) will be appointed to the board of directors of Huntington and Mr. Rollins will be appointed to the board of Huntington National Bank; and |

| • | Cadence’s directors and executive officers are entitled to certain continued indemnification and directors’ and officers’ liability insurance under the merger agreement. |

For a more complete description of these interests, see the section entitled “The Merger—Interests of Cadence’s Directors and Executive Officers in the Merger” beginning on page 91. Governance of Huntington After the Merger (page 97) Charter At the effective time, the charter of Huntington, as in effect immediately prior to the effective time, will be the charter of Huntington until thereafter amended in accordance with applicable law. Bylaws At the effective time, the bylaws of Huntington, as in effect immediately prior to the effective time, will be the bylaws of Huntington until thereafter amended in accordance with applicable law. Board of Directors Huntington will take all appropriate action so that three (3) current directors of Cadence will be appointed to the Board of Directors of Huntington at the effective time. Each of the directors so appointed will be designated by Huntington, it being agreed that one of the designated directors will be James D. Rollins III, the chairman and chief executive officer of Cadence. In addition, as of the effective time of the merger, Mr. Rollins will be appointed as vice chairman of the boards of directors of each of Huntington and Huntington National Bank. Except for the addition of these three (3) directors and the Vice Chairman appointment, the composition and leadership of the Huntington Board of Directors is not expected to be impacted by the merger. Foundation (page 98) Following the closing date of the merger, Huntington will maintain the Cadence Bank Foundation and will dedicate any funds in the Cadence Bank Foundation at the effective time to supporting community development and reinvestment and civic and charitable activities within Cadence’s footprint as of