Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 321

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 321
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 Company Act of 1956, as amended) of such holder (i) in a widely dispersed public offering, (ii) in a private sale in which no purchaser (or group of associated purchasers) would acquire Mechanics voting common stock and/or Mechanics non-voting common stock in an amount that, after the conversion of such Mechanics non-voting common stock, represents two percent (2%) or more of a class of Mechanics’ voting securities or (iii) where such transferee would control a majority of the Mechanics’ voting securities |     | The amended and restated articles authorize HomeStreet to issue 1,900,000,000 shares of common stock, no par value, divided into two (2) classes of which 1,897,500,000 shares are designated as Class A common stock and 2,500,000 shares are designated Class B common stock, and 120,000 shares of preferred stock. As of the record date of the HomeStreet special meeting, there were [ ] shares of Class A common stock outstanding (assuming the approval of the articles amendment, as the outstanding HomeStreet common stock will be designated as Class A common stock) and no shares of Class B common stock (which will be newly created pursuant to the articles amendment) or preferred stock outstanding. 
 The Class B common stock will convert into Class A common stock in connection with a transfer of Class B common stock to a person that is not an affiliate (as defined in the BHC Act, as amended) of such holder (i) in a widely dispersed public offering, (ii) in a transfer to the combined company, (iii) in a private sale in which no purchaser (or group of associated purchasers) would acquire Class A common stock and/or Class B common stock in an amount that, after the conversion of such Class B common stock, represents two percent (2%) or                                                                                                                                                            |

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TABLE OF CONTENTS

|                             |     | Mechanics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     | Combined Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                             |     | notwithstanding such transfer. Other than in connection with such transfers, the Mechanics non-voting common stock is not convertible.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |     | more of a class of the combined company’s voting securities or (iv) where such transferee would control a majority of the combined company’s voting securities notwithstanding such transfer. Other than in connection with such transfers, the Class B common stock is not convertible.