Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 210

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 210
---
 a special meeting. At the meeting, the HomeStreet board discussed, among other things, the importance of keeping leadership focused on negotiating definitive transaction documentation with respect to the proposed transaction with Mechanics. On March 10, 2025, representatives of Wachtell Lipton provided a draft of a proposed registration rights agreement to be effective upon, and subject to, the closing of the potential transaction, to legal counsel for Rabobank, a holder of Mechanics voting common stock and Mechanics non-voting common stock, which would replace the existing shareholders agreement among Rabobank, the Ford Entities, Mechanics, and certain of their respective affiliates effective upon the closing of the potential transaction. Through March 28, 2025, Rabobank, Mechanics, HomeStreet and their respective counsel exchanged several drafts of the registration rights agreement and negotiated the terms of the registration rights agreement.

Also on March 10, 2025, representatives of Wachtell Lipton provided a draft of the consulting agreement to be effective upon, and subject to, the closing of the potential transaction, to representatives of S&C. Through March 28, 2025, the consulting agreement was negotiated by representatives of HomeStreet, Mechanics, S&C and Wachtell Lipton.

Over the following weeks, representatives of HomeStreet, Mechanics, Rabobank, and their respective counsel exchanged drafts of the Ford Entities voting agreement, pursuant to which, among other things, the Ford Entities would agree to provide a written consent in respect of their Mechanics common stock over which they had voting power approving the merger agreement and the transactions contemplated thereby, and the Rabobank voting agreement, pursuant to which,

<div align='center'>132</div>

#### TABLE OF CONTENTS
among other things, Rabobank would agree to provide a written consent in respect of its Mechanics common stock over which it has voting power approving the merger agreement and the transactions contemplated thereby, as well as the other transaction agreements to be entered into, and negotiated the terms of such agreements.

On March 26, 2025, the HomeStreet special transaction committee held a meeting to discuss the draft merger agreement and the proposed terms of the transactions contemplated by the merger agreement. Advisers from KBW and S&C attended the meeting. At the meeting, the special transaction committee discussed due diligence matters, the state of the definitive merger agreement, and the state of the KBW fairness opinion. After thorough deliberation that included input from HomeStreet’s advisers, the special transaction committee unanimously approved recommending to the HomeStreet