Company: HBAN
Filing Date: 2025-07-21
Form Type: S-4
Source: 0001140361-25-026508
Chunk: 129

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-21
Form: S-4
Chunk 129
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 the Veritex board recommendation in this proxy statement/prospectus, (iii) adopts, approves, recommends or endorses a Veritex acquisition proposal or publicly announces an intention to adopt, approve, recommend or endorse a Veritex acquisition proposal, (iv) fails to publicly and without qualification (A) recommend against any Veritex acquisition proposal or (B) reaffirm the Veritex board recommendation, in each case within ten (10) business days (or such fewer number of days as remains prior to the Veritex special meeting) after a Veritex acquisition proposal is made public or any request by Huntington to do so, or (v) materially breaches its obligations related to Veritex shareholder approval or Veritex acquisition proposals. |

Neither Huntington nor Veritex is permitted to terminate the merger agreement as a result, in and of itself, of any increase or decrease in the market price of Huntington common stock or Veritex common stock.

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Effect of Termination If the merger agreement is terminated by either Huntington or Veritex, as provided under “—Termination of the Merger Agreement” above, the merger agreement will become void and have no effect, and none of Huntington, Veritex, any of their respective subsidiaries or any of the officers or directors of any of them will have any liability of any nature whatsoever under the merger agreement, or in connection with the transactions contemplated thereby, except that (i) designated provisions of the merger agreement will survive the termination, including those relating to the confidential treatment of information, the effect of termination, including the termination fee described below, and certain general provisions, and (ii) notwithstanding anything to the contrary in the merger agreement, neither Huntington nor Veritex will be relieved or released from any liabilities or damages arising out of its fraud or willful breach of any provision of the merger agreement occurring prior to termination (including, in the case of Veritex, the loss to the holders of its capital stock and of Veritex equity awards of the economic benefits of the merger (including the loss of premium offered to the shareholders of Veritex), it being understood that Veritex will be entitled to pursue damages for such losses and to enforce the right to recover such losses on behalf of its shareholders and the holders of Veritex equity awards in its sole and absolute discretion, and any amounts received by Veritex in connection therewith may be retained by Veritex). Termination Fee Veritex will pay Huntington a