Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 291

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 291
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ii) any tender offer (including a self-tender offer) or exchange offer that, if consummated, would result in such third party or “group” (as defined in Section 13(d) of the Exchange Act) beneficially owning 25% or more of any class of equity or voting securities of HomeStreet or its subsidiaries whose

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assets, individually or in the aggregate, constitute 25% or more of the consolidated assets of HomeStreet or (iii) a merger, consolidation, share exchange, business combination, reorganization, recapitalization, liquidation, dissolution or other similar transaction involving HomeStreet or its subsidiaries whose assets, individually or in the aggregate, constitute 25% or more of the consolidated assets of HomeStreet.

For purposes of the merger agreement, a “superior proposal” means a bona fide written acquisition proposal that the board of directors of HomeStreet determines in good faith, after taking into account all (i) legal, financial, regulatory and other aspects of such proposal and the person making the proposal and (ii) any revisions to the merger agreement made or offered in writing by Mechanics prior to such determination, and after consulting with its financial advisors and outside legal counsel, is (A) more favorable from a financial point of view to HomeStreet’s shareholders than the transactions contemplated by the merger agreement and (B) reasonably likely to be timely consummated on the terms set forth therein, provided that for the definition of a superior proposal, references to “25%” in the definition of acquisition proposal will be deemed to be references to “50%.”

For purposes of the merger agreement, an “intervening event” means any material facts, events and/or circumstances that have developed since the date of the merger agreement, were previously unknown by the board of directors of HomeStreet and were not reasonably foreseeable as of the date of the merger agreement by the board of directors of HomeStreet (or if known, the consequences of which were not known or reasonably foreseeable to the board of directors as of the date of the merger agreement) and do not relate to any acquisition proposal or consequence thereof or do not directly relate to the requisite HomeStreet shareholder approval, the requisite Mechanics shareholder approval or the requisite regulatory approvals; provided, that, for the avoidance of doubt, none of the following can be considered or taken into account in determining whether an intervening event has occurred: (i) changes in the trading price or trading volume of HomeStreet’s common