Company: HBAN
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001140361-25-031511
Chunk: 61

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-15
Form: 424B3
Chunk 61
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ovenants, which Huntington believed would support the value of the Veritex franchise and the combined company.

On June 30, 2025, the Veritex Board Executive Committee held a special meeting, which members of Veritex management and representatives of Simpson Thacher attended, to discuss developments related to the potential transaction since the June 24, 2025 Veritex Board meeting, including updates on due diligence, the transaction timeline and the status and terms of the potential transaction. Mr. Holland also advised the Veritex Board Executive Committee that Huntington expected Messrs. Holland and Earley to enter into advisory services and non-competition agreements, which would be effective upon the closing of the transaction, to assist in business development and customer, community and government relations following the closing. Following discussion, the Veritex Board Executive Committee unanimously supported continuing negotiations with Huntington.

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On July 2, 2025, Huntington’s counsel, Wachtell, Lipton, Rosen & Katz, which we refer to as “Wachtell Lipton”, shared with Simpson Thacher a first draft of the proposed merger agreement. From July 2, 2025 until July 13, 2025, Huntington’s and Veritex’s legal advisors negotiated the proposed merger agreement and other transaction documents. On July 7, 2025, Mr. Holland and Mr. Standridge met to address certain due diligence matters and transaction terms and discuss the transaction timeline. Thereafter on July 7, 2025, the Veritex Board Executive Committee held a special meeting, which members of Veritex management and representatives of Simpson Thacher attended, to discuss developments related to the potential transaction since the June 30, 2025 Veritex Board Executive Committee meeting, including Mr. Holland’s discussions with Mr. Standridge, updates on transaction documents, due diligence, and the transaction timeline. Following discussion, the Veritex Board Executive Committee unanimously supported continuing negotiations with Huntington. On July 11, 2025, a meeting of the Veritex Board was held to discuss the potential transaction with Huntington, with members of Veritex management and representatives of KBW and Simpson Thacher in attendance. Mr. Holland updated the directors regarding the discussions between Veritex and Huntington and their respective advisors since the last Veritex Board meeting. Mr. Holland reported, among other things, on discussions to finalize the determination of the merger exchange ratio, including