Huntington increases board to 15 at the Effective Time, adding 3 former Cadence directors: James D.
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Huntington increases board to 15 at the Effective Time, adding 3 former Cadence directors: James D. Rollins III, Virginia A. Hepner and Alice Rodriguez. Change per Merger Agreement. $HBAN 🏦 #Mergers #Banking
James D. Rollins III to serve 3-year term as non‑employee director & Vice Chairman of Huntington and Huntington National Bank, and advisor to the CEO. Cash: $10M lump sum at closing + $6M (yr1), $5M (yr2), $4M (yr3) — $25M total. $HBAN 💼💰 #Governance #M&A
Other non-employee directors (except Rollins) will be compensated per Huntington’s proxy filed Apr 16, 2025. Biographies of the new directors are in Cadence’s proxy (Apr 23, 2025). No other arrangements disclosed. $HBAN 📄 #Proxy #CorporateGovernance