Company: MCHB
Filing Date: 2025-08-22
Form Type: 8-K
Source: 0001518715-25-000133
Chunk: 0

Company: Mechanics Bancorp
Filing Date: 2025-08-22
Form: 8-K
Item: Item 5.07
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Item 5.07      Submission of Matters to a Vote of Security Holders  

On August 21, 2025, HomeStreet, Inc., a Washington corporation (the “ Company” or “ HomeStreet”), held a special meeting of its shareholders (the “ Special Meeting”) to consider certain proposals related to the previously announced Agreement and Plan of Merger, dated as of March 28, 2025 (the “merger agreement” and the transaction contemplated thereby, the “merger”), by and among the Company, HomeStreet Bank, a Washington state-chartered commercial bank and wholly owned subsidiary of HomeStreet, and Mechanics Bank, a California banking corporation.

As of July 11, 2025, the record date for shareholders entitled to notice of, and to vote at, the Special Meeting, there were 18,920,807.6 shares of common stock, no par value per share, of the Company (“ HomeStreet common stock”) issued and outstanding.

At the Special Meeting, the following proposals were considered:

1. To approve the amendment of HomeStreet’s articles of incorporation, in the form attached as Annex B to the proxy statement/prospectus/consent solicitation statement, required in connection with the merger agreement, to, among other things (i) change the name of HomeStreet from “ HomeStreet Inc.” to “ Mechanics Bancorp”, (ii) to increase the number of authorized shares of HomeStreet common stock from 160,000,000 to 1,900,000,000 and HomeStreet preferred stock from 10,000 to 120,000 and (iii) authorize shares of two (2) classes of HomeStreet common stock, 1,897,500,000 shares of which will be designated Class A common stock, no par value, and 2,500,000 shares of which will be designated Class B common stock, no par value (the “ HomeStreet Articles Amendment Proposal”);

2. To approve the issuance of HomeStreet common stock required in connection with the merger, which will represent (i) more than 20% of the shares of HomeStreet common stock outstanding immediately prior to the merger and (ii) a change of control pursuant to applicable exchange listing rules (the “ HomeStreet Share Issuance Proposal”);

3. To approve and adopt the HomeStreet 2025 Equity Incentive Plan in the form attached as Annex D to the proxy statement/prospectus/consent solicitation statement (the “ HomeStreet New Equity Incentive