Cadence Bank Declares Special Preferred Dividend to be Paid if Favorable Vote Received and Announces Adjournment of its Special Meeting to Solicit Additional Votes

Core Points - Cadence Bank has adjourned its special meeting of shareholders to April 25, 2025, to solicit proxies for a stock repurchase proposal [1] - A special cash dividend of $0.34375 per share of Series A Preferred Stock will be declared if the stock repurchase proposal receives a two-thirds affirmative vote [2] - The record date for eligible shareholders to vote remains November 8, 2024, and valid proxies will continue to be valid for the reconvened meeting [4] Proposal Details - Proposal 2 involves authorizing the Board of Directors to implement stock repurchases in accordance with Regulation H [1][3] - Common shareholders approved several proposals at the initial special meeting, while preferred shareholders approved Proposal 4 prior to adjournment [3] Meeting Logistics - The reconvened special meeting will be held virtually on April 25, 2025, at 9:00 a.m. Central Time [6] - Preferred shareholders can participate by visiting a specified web address and entering a control number [7] Company Overview - Cadence Bank is a $50 billion regional financial services company with over 350 locations [8] - The bank offers a range of banking, investment, trust, and mortgage products and services [8]