Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 192

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 192
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 Mechanics’ capital stock, or an affiliate or immediate family member of the foregoing persons, had or will have a direct or indirect material interest. |

Registration Rights Agreement Please see the section entitled “ Registration Rights Agreement” for information about the registration rights agreement. Key Shareholders Voting Agreements Please see the section entitled “ Key Shareholders Voting Agreements” for information about the key stockholder voting agreements. Mark K. Mason Consulting Agreement Please see the section entitled “ The Merger—Interests of HomeStreet’s Directors and Executive Officers in the Merger—Consulting Agreement with Mark K. Mason Following the Merger” for information about the consulting agreement. Mechanics Bank Services Agreement Mechanics is a party to the Mechanics Bank Services Agreement with GJF Management, an affiliate of Gerald J. Ford, a former director and now director emeritus of Mechanics. GJF Management serves as the management company to Ford Financial Fund II, L.P. and Ford Financial Fund III, L.P., which collectively own approximately 85% of Mechanics voting common stock as of July 1, 2025. Further, Mr. Webb, Chairman of the Mechanics board, is employed by GJF Management, and Mr. Russell, a director and former interim Chief Executive Officer of Mechanics, is employed by an affiliate of Mr. Ford. Additionally, Mr. Johnson, Mechanics’ current President and Chief Executive Officer, is employed by GJF Management. Pursuant to the Mechanics Bank Services Agreement, GJF Management and individuals from GJF Management provide certain services to Mechanics, including, among others, accounting, tax, investment management, legal, regulatory, strategic planning, capital management, budgeting and other oversight. The services and value of services, inclusive of administrative costs, are evaluated annually to ensure compliance with applicable regulations. These services are provided to Mechanics at a cost up to $10.0 million annually (pro rata for any partial years). Either party may terminate this agreement upon thirty days’ prior notice to the other. Mechanics has also agreed to indemnify and hold harmless GJF Management for its performance or provision of these services, except for gross negligence and willful misconduct. Other Transactions Some of Mechanics’ directors and executive officers and their immediate families, as well as the companies with which they are associated, are customers of Mechanics or have had banking transactions with Mechanics in the ordinary course of Mechanics’ business. Mechanics expects to have banking transactions with such persons in the future. In the opinion of the management of Mechanics, all loans and commitments to lend