Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 237

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 237
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 accumulation of undeclared dividends (the “redemption price”). Notwithstanding the foregoing, within ninety (90) days following the occurrence of a regulatory capital treatment event (as defined in the articles supplementary creating the new Huntington preferred stock), Huntington may, at its option, subject to the approval of the appropriate federal banking agency, provide notice of its intent to redeem as provided below, and subsequently redeem, all (but not less than all) of the shares of new Huntington preferred stock at the time outstanding, at the redemption price applicable on such date of redemption.

Partial Redemption

In case of any redemption of only part of the shares of new Huntington preferred stock at the time outstanding, the shares of new Huntington preferred stock to be redeemed will be selected either pro rata or by lot or in such other manner as the Huntington board of directors or any duly authorized committee of the Huntington board of directors may determine to be fair and equitable and permitted by the rules of any stock exchange on which shares of the new Huntington preferred stock are listed. Subject to the provisions of the articles supplementary creating the new Huntington preferred stock, the Huntington board of directors or any duly authorized committee of the Huntington board of directors will have full power and authority to prescribe the terms and conditions upon which shares of new Huntington preferred stock will be redeemed from time to time.

Procedures

Notice of every redemption of shares of new Huntington preferred stock will be given at least thirty (30) days and not more than sixty (60) days before the date fixed for redemption. Each notice will state (i) the redemption date; (ii) the redemption price; (iii) if fewer than all shares of new Huntington preferred stock are to be redeemed, the number of shares of new Huntington preferred stock to be redeemed, and (iv) the manner in which holders of shares of new Huntington preferred stock called for redemption may obtain payment of the redemption price in respect of those shares. Notwithstanding the foregoing, if the new Huntington preferred stock is held in book-entry form through DTC, Huntington may give such notice in any manner permitted by DTC.

If notice of redemption has been duly given and if on or before the redemption date specified in the notice all funds necessary for the redemption have been set aside by Huntington in trust for the benefit of the holders of the shares called for redemption, then from and after the redemption date all shares so called for redemption will cease to be outstanding, all dividends with respect to such shares will cease to accrue after such redemption date, and all rights with respect to such shares will forth