Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 117

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 117
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 Class B common stock will be treated as if such share had converted into ten (10) shares of Class A common stock, and (ii) holders of Class B common stock will be entitled to vote as a separate class on certain amendments adverse to the holders thereof. The Class B common stock is convertible into Class A common stock in connection with a transfer of Class B common stock to a person that is not an affiliate (as defined in the Bank Holding Company Act of 1956, as amended) of such holder (w) in a widely dispersed public offering, (x) in a transfer to HomeStreet, (y) in a private sale in which no purchaser (or group of associated purchasers) would acquire Class A common stock and/or Class B common stock in an amount that, after the conversion of such Class B common stock, represents two percent (2%) or more of a class of HomeStreet’s voting securities or (z) where such transferee would control a majority of HomeStreet’s voting securities notwithstanding such transfer. Other than in connection with such transfers, the Class B common stock is not convertible. For more detailed information concerning the Class B common stock, please see the sections entitled “—Questions and Answers” and “—Description of Capital Stock of the Combined Company”; and |

| • | make certain other ministerial amendments in connection with the foregoing. |

A copy of the proposed articles amendment to the HomeStreet articles is attached to this proxy statement/prospectus/consent solicitation statement as Annex B. HomeStreet shareholders should read the articles amendment in its entirety. Vote Required for Approval The approval of the HomeStreet articles amendment proposal is a condition to the completion of the merger. If the HomeStreet articles amendment is not approved, the merger will not occur. If a quorum is present at the HomeStreet special meeting, approval of the HomeStreet articles amendment proposal requires the affirmative vote of a majority of the outstanding shares of HomeStreet common stock entitled to vote thereon. If you are present at the HomeStreet special meeting and abstain from voting, or respond by proxy with an “ABSTAIN,” it will have the same effect as a vote cast “AGAINST” such proposal. If you are not present at the HomeStreet special meeting, do not respond by proxy and do not provide your bank, broker, trustee or other nominee with instructions, as applicable, it will have the same effect as a vote cast “AGAINST” such proposal. Recommendation of the HomeStreet Board of Directors After careful consideration, the Home