Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 85

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 85
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 merger. This summary may not contain all of the information that is important to you. You should carefully read this entire joint proxy statement/prospectus and the other documents we refer you to for a more complete understanding of the merger. In addition, we incorporate important business and financial information about each of us into this joint proxy statement/prospectus by reference. You may obtain the information incorporated by reference into this joint proxy statement/prospectus without charge by following the instructions in the section entitled “Where You Can Find More Information” beginning on page 162 .

#### Terms of the Merger
Each of Huntington’s and Cadence’s respective board of directors has approved the merger agreement. The merger agreement provides that Cadence will merge with and into Huntington National Bank, a wholly owned bank subsidiary of Huntington, with Huntington National Bank as the surviving bank.

In the merger, each share of Cadence common stock issued and outstanding immediately prior to the effective time (other than certain shares held by Huntington or Cadence) will be converted into the right to receive 2.475 shares of Huntington common stock. No fractional shares of Huntington common stock will be issued in connection with the merger, and holders of Cadence common stock will be entitled to receive cash in lieu thereof.

Also in the merger, each share of Cadence series A preferred stock issued and outstanding immediately prior to the effective time will be converted into the right to receive one (1) depositary share representing one one-thousandth (1/1000th) of a share of new Huntington preferred stock.

Holders of Huntington common stock are being asked to approve the issuance of Huntington common stock in connection with the merger and holders of Cadence common stock are being asked to approve the merger agreement, in each case, in addition to other business. See the section entitled “The Merger Agreement” beginning on page 101 for additional and more detailed information regarding the legal documents that govern the merger, including information about the conditions to the completion of the merger and the provisions for terminating or amending the merger agreement.

### Background of the Merger
As part of the ongoing consideration and evaluation of their respective long-term prospects and strategies, each of Huntington’s and Cadence’s board of directors (which we refer to in this section as the “Huntington Board” and the “Cadence Board”, respectively) and Huntington’s and Cadence’s respective senior management teams have regularly reviewed and assessed their respective business strategies and objectives, including assessments of strategic growth opportunities potentially available to Huntington and Cadence, as part