Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 318

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 318
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     | Requests for a special or annual meeting relating to any business other than the nomination of directors, must additionally contain a description of the proposed business, the text of the proposed business and the text and a description of all agreements, arrangement and understandings which the shareholder is a party that relates to the proposed business.                                                                                                                 
 The amended and restated bylaws provide that requests for all special meetings of the shareholders by HomeStreet shareholders must follow a request for record date to be fixed by the board, be made by a shareholder or group of shareholders holding at least ten percent (10%) of all votes entitled to be cast on the issue proposed, be in writing, bear the signature of the proposing shareholder and state any material interest in the proposed business of the shareholder. 
 Requests regarding the business of the nomination of directors must contain, among other things, all information required to be disclosed in a proxy statement, form of proxy or other filings required to be made, a description of all direct and indirect compensation and other material arrangements and understandings during the past three years as well as any other material relationships that the nominee may have.                                                        |

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TABLE OF CONTENTS

|                                                            |     | Mechanics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     | Combined Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Anti-Takeover Provisions and Other Shareholder Protections |     | The CGCL provides that most business combinations, including mergers, consolidations and sales of substantially all of the assets of a California corporation, must be approved by the vote of the holders of at least a majority of the outstanding shares of common stock and any other affected class of stock of such corporation. The articles or bylaws of a California corporation may, but are not required to, set a higher standard for approval of such transactions. The Mechanics charter does not impose a higher standard of approval for such transactions.                                                                        |     | Chapter 23B.19 of the WBCA prohibits corporations that have a class of voting stock registered under the Exchange Act, such as the combined company, from engaging in any “significant business transaction” (defined to include mergers or consolidations, certain sales, termination of five percent (5%) or more of a corporation’s employees, sales of assets, liquidation or dissolution and other specified transactions) with a person or group that beneficially owns ten percent (10%) or more of a corporation’s outstanding voting stock, which we refer to as an acquiring person, for a period of five (5) years after such person