Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 319

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 319
---
 or group becomes an acquiring person, unless the significant business transaction or the acquisition by which such person became an acquiring person is approved prior to the time the person became an acquiring person by a majority vote of the board of directors, or the significant business transaction is approved by a majority vote of the board of directors and approved at an annual or special meeting of shareholders by the affirmative vote of at least two-thirds of the outstanding voting shares (excluding shares beneficially owned by or under the voting control of the acquiring person). 
 The amended and restated articles do not impose a higher standard of approval for such transactions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Limitation of Personal Liability of Officers and Directors |     | The CGCL permits a corporation to include in its articles of incorporation a provision eliminating or limiting the personal liability of directors to the corporation and the corporation’s shareholders for money damages, except for liability resulting from: (i) acts or omissions that involve intentional misconduct or a knowing and culpable violation of law; (ii) acts or omissions that a director believes to be contrary to the best interests of the corporation or its shareholders or that involve the absence of good faith on the part of the director; (iii) any transaction from which a director derived an improper personal |     | Pursuant to the amended and restated articles, liability of combined company directors for monetary damages for conduct as a director is limited to the fullest extent permitted under the WBCA, which does not except liability resulting from: (i) acts or omissions that involve intentional misconduct by a director or a knowing violation of law by a director, (ii) director conduct in voting for or assenting to certain unlawful distributions, or (iii) any transaction from which the director will personally receive a benefit in money, property, or services to which the director is not legally entitled.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

208

TABLE OF CONTENTS

|                                                         |     | Mechanics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |     | Combined Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                         |     | benefit; (iv) acts or omissions that show a reckless disregard for the director’s duty to the corporation or its shareholders in circumstances in which the director was aware, or should have been aware, in the ordinary course of performing a director’s duties, of a risk of serious injury to the corporation or its shareholders; (v) acts or omissions that constitute an unexcused pattern of inattention that amounts to an