Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 259

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 259
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 A exchange ratio. Each Assumed HomeStreet RSU will otherwise remain subject to the same terms and conditions (including vesting terms, performance measures, and terms with respect to dividend equivalents) as applied to the corresponding Mechanics RSU immediately prior to the effective time. Continuing Directors Carl B. Webb, E. Michael Downer, Patricia Cochran, Adrienne Crowe, Douglas Downer, Kenneth D. Russell, Jon Wilcox and Nancy D. Pellegrino are expected to serve on the combined company’s board of directors. As directors of the combined company, these directors are expected to be compensated under the post-closing employee director compensation policy. Management Following the Merger As described elsewhere in this proxy statement/prospectus/consent solicitation statement, including in the section entitled “ —Management Following the Merger,” certain of Mechanics’ executive officers are expected to become executive officers of the combined company following the effective time. Indemnification; Directors’ and Officers’ Insurance The merger agreement generally provides that from and after the effective time, the combined company will, and will cause the surviving bank to, indemnify and hold harmless (and will advance expenses as incurred to) all of Mechanics’ directors and executive officers (among others) against any costs and liabilities arising out of or pertaining to the fact that such person is or was a director, officer or employee of Mechanics or its subsidiaries and pertaining to matters, acts or omissions existing or occurring at or prior to the effective time, including the transactions contemplated by the merger agreement, in each case to the extent (subject to applicable law, the Mechanics charter and the Mechanics bylaws) such persons are indemnified or entitled to such advancement or expenses as of the date of the merger agreement by Mechanics pursuant to the Mechanics charter, bylaws, the governing or organizational documents of any Mechanics subsidiaries or specified indemnification agreements in existence as of the date of the merger agreement. The merger agreement permits Mechanics to obtain a six (6) year tail policy under Mechanics’ existing directors’ and officers’ liability insurance policy providing equivalent coverage (subject to certain limitations) and, if Mechanics does not do so, generally requires the combined company to maintain in effect for a period of six (6) years after the effective time the current policies of directors’ and officers’

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liability insurance maintained by Mechanics with respect to claims arising from facts or events that occurred on or before the effective time or certain substitute policies (subject to certain limitations). For a more detailed description, see the