Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 40

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 40
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 announces an intention to adopt, approve, recommend or endorse a Cadence acquisition proposal, (iv) fails to publicly and without qualification (A) recommend against any Cadence acquisition proposal or (B) reaffirm the Cadence board recommendation, in each case within ten (10) |

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business days (or such fewer number of days as remains prior to the Cadence special meeting) after a Cadence acquisition proposal is made public or any request by the Huntington Parties to do so, or (v) materially breaches its obligations related to the Cadence shareholder approval or Cadence acquisition proposals; or

| • | by Cadence, prior to such time as the requisite Huntington vote is obtained, if Huntington or the Huntington board of directors (i) withholds, withdraws, modifies or qualifies in a manner adverse to Cadence the Huntington board recommendation (as defined in the section entitled “The Merger Agreement—Shareholder Meetings and Recommendation of Huntington’s and Cadence’s Board of Directors”), (ii) fails to make the Huntington board recommendation in this joint proxy statement/prospectus, (iii) adopts, approves, recommends or endorses a Huntington acquisition proposal (as defined in the section entitled “The Merger Agreement—Agreement Not to Solicit Other Offers”) or publicly announces an intention to adopt, approve, recommend, or endorse a Huntington acquisition proposal, (iv) fails to publicly and without qualification (A) recommend against any Huntington acquisition proposal or (B) reaffirm the Huntington board recommendation, in each case within ten (10) business days (or such fewer number of days as remains prior to the Huntington special meeting) after a Huntington acquisition proposal is made public or any request by Cadence to do so, or (v) materially breaches its obligations related to the Huntington shareholder approval. |

Termination Fee (page 119) If the merger agreement is terminated by either the Huntington Parties or Cadence under certain circumstances, including circumstances involving alternative acquisition proposals and changes in the Huntington board recommendation or the Cadence board recommendation, Cadence or Huntington may be required to pay a termination fee to the other party equal to $296 million. Accounting Treatment (page 98) The merger will be accounted for as an acquisition of Cadence by Huntington under the acquisition method of accounting in accordance with generally accepted accounting principles (“GAAP”). The Rights of Holders of Cadence Common Stock Will Change as a Result of the Merger (page 145) The rights of holders of Cadence common stock are governed by