Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 43

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 43
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 the Company’s common stock totaling at least three (3) times the annual retainer fee, valued at the closing price of the common stock on the date of acquisition, (the “Minimum Ownership Level”) at all times from and after the third anniversary of such director’s appointment or election to the Board until the end of such director’s service to the Company as a director. Directors are not required to acquire additional stock to increase their holdings to the Minimum Ownership Level in the event of a decline in the stock value. However, if a sale or other transfer from a director’s account results in the director owning less than the Minimum Ownership Level in shares of the Company’s common stock, the director is then required to re-establish his or her Minimum Ownership Level. Stock received by non-executive directors as part of their director compensation may be counted toward the accumulation of the Minimum Ownership Level. As of March 31, 2025, all directors who have been on the Board for three years or more are in compliance with our stock ownership guidelines, measured based on the annual retainer fee paid to directors in 2024.

Compensation for Employee Directors

Employee directors do not receive compensation for serving on our Board. Accordingly, Mark K. Mason, who serves as Chairman and is an executive of the Company, is not paid any additional retainer or compensation for his services as a director and Chairman.

2024 Director Compensation Table

The following table shows the compensation earned by our non-employee directors for 2024.

| Name                   |     | Fees Earned or Paid in Cash ($) |         |         |
| Scott M. Boggs         |     |                                 | 150,000 |         |
| Sandra A. Cavanaugh    |     |                                 |         | 155,000 |
| Jeffrey A. Green       |     |                                 |         | 150,000 |
| Joanne R. Harrell      |     |                                 |         | 145,000 |
| James R. Mitchell, Jr. |     |                                 |         | 180,000 |
| Nancy D. Pellegrino    |     |                                 |         | 145,000 |
| S. Craig Tompkins      |     |                                 |         | 130,000 |

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### EXECUTIVE OFFICERS
The names of the executive officers of HomeStreet and its wholly owned subsidiary HomeStreet Bank, their ages, their positions with the Company and HomeStreet Bank and other biographical information as