Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 91

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 91
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 currently a member of the First Savings Board of Directors (chosen by First Merchants after consultation with First Savings) to the First Merchants Board of Directors. Such person will be entitled to receive compensation from First Merchants for service to the Board. The Merger Agreement further provides that First Merchants will cause such person to be renominated for election to the First Merchants Board of Directors at every annual shareholder meeting up to and including the 2029 annual shareholder meeting. The appointments and renominations will be consistent with all applicable corporate governance policies and guidelines of First Merchants. If, prior to the 2029 annual shareholder meeting, such person (or any successor director who is appointed pursuant to this sentence) for any reason ceases to serve as a director or does not stand for reelection as a director, the First Merchants Board of Directors will promptly appoint or nominate, as applicable, a person, chosen by the First Merchants Board of Directors, who was a member of the First Savings Board of Directors immediately prior to the Effective Time to fill the resulting vacancy. As of the date of this proxy statement and prospectus, First Merchants expects to appoint Larry W. Myers to the First Merchants Board of Directors. 62

THE MERGER AGREEMENT The following summary highlights certain material provisions of the Merger Agreement. Because this is a summary of the Merger Agreement, it does not contain a description of all of the terms of the Merger Agreement and is qualified in its entirety by reference to the Merger Agreement. You should read carefully the entire Merger Agreement, which is attached to this document as Annex Aand is incorporated herein by reference. Description of the Merger Under the terms and subject to the conditions of the Merger Agreement approved by each of First Savings’ and First Merchants’ Boards of Directors, First Savings will merge with and into First Merchants and the separate corporate existence of First Savings will cease. The Articles of Incorporation and Bylaws of First Merchants, as in effect prior to the Merger, will be the Articles of Incorporation and Bylaws of First Merchants after the Merger. Immediately following the Merger, First Savings Bank will merge with and into First Merchants Bank and First Savings Bank will cease to exist as a separate entity. Representations and Warranties The Merger Agreement contains some customary representations and warranties made both by First Savings and First Merchants, including representations and warranties relating to:

| • |     | due organization and existence; |

| • |     | corporate power