Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 299

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 299
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 Ford Entities, the “key shareholders,” and the agreement, the “Rabobank voting agreement,” and together with the Ford Entities voting agreement, the “key shareholder voting agreements”).

The key shareholder voting agreements provide, among other things, that each key shareholder will (i) following the effectiveness of the registration statement of which this proxy statement/prospectus/consent solicitation statement forms a part, promptly (and in any event within five (5) business days) execute and deliver (or cause to be executed and delivered) to Mechanics a written consent approving the merger agreement and the transactions contemplated by the merger agreement, with respect to all of such key shareholder’s shares of Mechanics capital stock entitled to act by written consent thereto, and (ii) vote or cause to be voted (including by written consent) all of such key shareholder’s shares of Mechanics capital stock against any actions, agreement or transaction involving Mechanics that is intended, or would reasonably be expected, to impede, interfere with, delay, postpone, adversely affect or prevent the consummation of the transactions contemplated by the merger agreement, including the merger, in any material respect. Additionally, the key shareholder voting agreements contain customary transfer restrictions restricting the key shareholders from transferring their shares of Mechanics capital stock during the pendency of the transaction, subject to limited exceptions.

The Ford Entities voting agreement generally obligates each Ford Entity and HomeStreet to use its reasonable best efforts to promptly prepare and file all necessary documentation in respect of the requisite regulatory approvals that are required to be obtained to consummate the transactions contemplated by the merger agreement and, among other obligations, to respond to requests for information and to resolve any objection that may be asserted by a governmental entity with respect to the merger agreement or the transactions contemplated thereby, subject to certain exceptions. The Rabobank voting agreement requires Rabobank to cooperate with HomeStreet, Mechanics and the Ford Entities in obtaining the requisite regulatory approvals required to be obtained by such parties to consummate the transactions contemplated by the merger agreement. Mechanics and the Ford Entities are third-party beneficiaries of the Rabobank Voting Agreement.

The key shareholder voting agreements will terminate upon the earliest to occur of (i) the effective time, (ii) the termination of the merger agreement in accordance with its terms and (iii) any amendment to the merger agreement without the prior written consent of such key shareholder if such amendment materially reduces the Class A exchange ratio (or the Class B exchange ratio, in the case of the Rabobank voting agreement) or alters the form of merger consideration