Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 270

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 270
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S
At any time prior to the effective time of the merger, HomeStreet and Mechanics may, by mutual agreement, change the method or structure of effecting the combination of HomeStreet and Mechanics (including the merger), if and to the extent they both deem such change to be necessary, appropriate or desirable, provided, that no such change may (i) alter or change the exchange ratios or the number of shares of HomeStreet common stock to be received by Mechanics shareholders in exchange for each share of Mechanics common stock, (ii) adversely affect the tax treatment of the HomeStreet shareholders or the Mechanics shareholders pursuant to the merger agreement, (iii) adversely affect the tax treatment of HomeStreet or Mechanics pursuant to the merger agreement or (iv) materially impede or delay the consummation of the transactions contemplated by the merger agreement in a timely manner.

#### Merger Consideration
If the merger is completed, each issued and outstanding share of common stock of Mechanics designated as (i) Mechanics voting common stock will be converted into the right to receive 3,301.0920 shares of Class A common stock and (ii) Mechanics non-voting common stock will be converted into the right to receive 330.1092 shares of Class B common stock, subject to the terms of the merger agreement, except, to the extent applicable, for shares of Mechanics owned by HomeStreet or Mechanics, in each case, other than shares (x) held in certain accounts or a fiduciary or agency capacity that are beneficially owned by third parties or (y) held by HomeStreet or Mechanics in respect of debts previously contracted.

If, prior to the effective time, the outstanding shares of HomeStreet common stock or Mechanics common stock are changed into a different number or class of shares, including by reason of any reclassification, recapitalization, stock split or combination, exchange or readjustment of shares or similar transaction, or stock dividend with a record date before the effective time, excluding any change resulting from vesting or exercise of any Mechanics RSUs and HomeStreet Equity Awards outstanding as of the date on which the merger agreement is entered into, the exchange ratios and any other amounts payable pursuant to the merger agreement will be appropriately adjusted to provide HomeStreet and Mechanics shareholders, as well as holders of Mechanics RSUs and HomeStreet Equity Awards, as well as holders of Mechanics RSUs and HomeStreet Equity Awards, the same economic effect as contemplated by the merger agreement prior to such event.

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