Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 223

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 223
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 series K preferred stock nor holders of depositary shares will have the right to require the**

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redemption or repurchase of the series K preferred stock. Any redemption of the series K preferred stock is subject to Huntington’s receipt of any required prior approval by the Board of Governors of the Federal Reserve System or other successor regulatory authority and to the satisfaction of any conditions set forth in the capital guidelines or regulations of the Federal Reserve applicable to redemption of the series K preferred stock. Except as indicated below, or with respect to certain fundamental changes in the terms of the series K preferred stock and certain other matters, the holders of the Huntington series K preferred stock do not have any voting rights:

| • | If and when the dividends on the series K preferred stock are not paid in full for at least six (6) quarterly dividend periods or their equivalent, whether or not consecutive, the holders of the series K preferred stock, acting as a single class with any other parity securities having similar voting rights that are then exercisable, will have the right to elect two (2) directors to Huntington’s board of directors but only if the election of any such directors would not cause Huntington to violate the corporate governance requirement of the NASDAQ (or any other exchange on which Huntington’s securities may be listed) that listed companies must have a majority of independent directors. The terms of office of these directors will end when Huntington has paid or set aside for payment full dividends for at least one (1) year’s worth of dividend periods on the series K preferred stock and any non-cumulative parity securities and all dividends on any cumulative parity securities have been paid in full. |

| • | So long as any shares of the Huntington series K preferred stock are outstanding, in addition to any other vote or consent of shareholders required by the Huntington charter or the Huntington bylaws, the vote or consent of the holders of at least two-thirds (2/3) of the outstanding shares of the Huntington series K preferred stock and any class or series of preferred stock then outstanding that ranks on a parity with the Huntington series K preferred stock and has like voting rights that are exercisable and are then outstanding, voting together as a single class, with each series or class having a number of votes proportionate to the aggregate liquidation preference of the outstanding shares of such class or series, given in person or by proxy, either in writing without a meeting or by vote at any meeting called for the purpose, will be necessary for effecting or