Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 27

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 27
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 ensure that the Company’s governance practices are aligned in the best interests of all shareholders. Mr. Mitchell was appointed Lead Independent Director by the independent directors of the Board in 2023 and currently serves in that role. The Board reviews the appointment of our Lead Independent Director position each year.

The Board believes that this leadership structure provides balance and currently is in the best interests of the Company and its shareholders. The role given to the Lead Independent Director helps to ensure a strong, independent and active Board, while Mr. Mason serving as the Chairman of the Board enables the Company and the Board to continue to benefit from his skills and expertise, including his extensive knowledge of the Company and its industry and his experience successfully navigating the Company through both strong and challenging periods.

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The following table illustrates how responsibilities are delegated between the CEO and the Lead Independent Director:

| Responsibility             |     | Chairman/Chief Executive Officer                                                                    |     | Lead Independent Director                                                                                                                                                                            |
| Board Meeting              |     | •   Authority to call full meetings of the Board                                                    
 •   Presides over meetings of the full Board                                                        |     | •   Attends full meetings of the Board                                                                                                                                                               
 •   Presides over meetings of independent directors and non-management directors                                                                                                                     
 •   Briefs Chairman on issues arising from executive sessions of independent directors                                                                                                               
 •   Presides over meetings of the Board in the absence of the Chairman                                                                                                                               
 •Prepares minutes from executive sessions of independent directors for any Board actions                                                                                                             |
| Agenda                     |     | •   Primary responsibility for shaping Board agendas, consulting with the Lead Independent Director |     | •   Collaborates with Chairman to set Board agenda and provide Board with information                                                                                                                
 •   Approves agenda and meeting schedules to be sent to the Board                                                                                                                                    |
| Board Communications       |     | •   Communicates with all directors on key issues and concerns outside Board meetings               |     | •   Facilitates discussion among independent directors on key issues and concerns outside Board meetings, including contributing to the oversight of the Chairman and management succession planning |
| Shareholder Communications |     | •   Primary spokesperson for the Company in communications to shareholders                          |     | •   Serves as liaison for shareholders who wish to communicate with the Board (such communications to be sent through the Corporate Secretary)                                                       |

#### Board Role in Risk Oversight
The Board, together with its committees and senior management, has oversight of our risk management framework and is responsible for helping to ensure that our risks are managed