Company: ONBPP
Filing Date: 2025-01-14
Form Type: S-4
Source: 0001104659-25-003488
Chunk: 25

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-14
Form: S-4
Chunk 25
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The trustees of the Otto Bremer Trust have entered into a trustee voting agreement with Old National, and each of the directors of Bremer (other than the trustees of the Otto Bremer Trust, who have separately entered into the trustee voting agreement) has entered into director voting agreement with Old National. In accordance with these voting agreements, the trustees and directors, as applicable, have agreed to vote “

#### FOR
” the approval and adoption of the merger agreement and “

#### FOR
” the adjournment proposal, subject to the terms of the trustee voting agreement and director voting agreement, as applicable. As of the record date for the Bremer special meeting, the Otto Bremer Trust and the directors of Bremer owned collectively and beneficially approximately [ %] of the outstanding shares of Bremer common stock. For information regarding the shareholder voting agreements and certain holders of shares of Bremer common stock, see “Shareholder Voting Agreements.”

Material U.S. Federal Income Tax Consequences of the Mergers (page 78)

The parties intend for the mergers, taken together, to qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”). Therefore, U.S. holders (as defined in the section of this proxy statement/prospectus titled “Material U.S. Federal Income Tax Consequences of the Merger — In General”) of the shares of Bremer common stock will recognize gain, but not loss, for U.S. federal income tax purposes in an amount equal to the lesser of (i) the amount of cash received (other than cash received in lieu of a fractional share of Old National common stock) and (ii) the excess, if any, of (a) the sum of the amount of such cash and the fair value of the Old National common stock received in the mergers, over (b) the U.S. holder’s adjusted tax basis in the shares of Bremer common stock surrendered in the mergers. With respect to any cash received in lieu of a fractional share of Old National common stock, a U.S. holder will generally recognize gain or loss measured by the difference between the amount of cash received for such fractional share and the U.S. holder’s adjusted tax basis in its shares of Bremer common stock allocable to that fractional share.

The obligations of Old National and Bremer to complete the mergers are subject to, among other conditions as described in this proxy statement/prospectus