Company: MCHB
Filing Date: 2025-04-03
Form Type: 425
Source: 0001518715-25-000059
Chunk: 8

Company: Mechanics Bancorp
Filing Date: 2025-04-03
Form: 425
Chunk 8
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 Mr. Mason’s existing non-competition obligations through the Consulting Period and for a period of six months thereafter; and (iii) extension of Mr. Mason’s existing non-solicitation obligations through the Consulting Period and for a period of one year thereafter. The effectiveness of the Consulting Agreement is conditioned upon the consummation of the Merger.

Terminating Executives

In accordance with the terms and conditions of the Merger Agreement and the confidential disclosure schedules thereto, in addition to Mr. Mason, certain of HomeStreet’s other executive officers (including each other named executive officer) are expected to terminate their employment with HomeStreet as of the day immediately following (and subject to the occurrence of) the Effective Time. In connection with these terminations of employment, each such executive officer will be entitled to receive the severance payments and benefits contemplated by, and in accordance with the terms of, their respective existing change in control agreement or employment agreement with HomeStreet upon an involuntary termination of employment following a change in control, which agreements are summarized in HomeStreet’s Definitive Proxy Statement on Schedule 14A filed May 15, 2024, in the section titled, “ Interests of HomeStreet’s Directors and Executive Officers in the Mergers – Change in Control Severance and Similar Agreements ”.

#### Exhibits
The foregoing description of the Merger Agreement, the Registration Rights Agreement, the Mechanics Voting Agreements, and the Consulting Agreement (collectively, the “ Transaction Agreements ”) and the transactions contemplated thereby is not complete and is subject to and qualified in its entirety by reference to the full text of such agreements, copies of which are attached to this Current Report on Form 8-K as Exhibit 2.1, Exhibit 4.1, Exhibit 10.1, Exhibit 10.2, and Exhibit 10.3, respectively.

The Transaction Agreements have been included to provide investors with information regarding their respective terms. The Transaction Agreements are not intended to provide any other factual information about HomeStreet, HomeStreet Bank, Mechanics Bank or their affiliates. The representations, warranties, covenants and agreements contained in the Transaction Agreements, and the other documents related thereto, were made only for purposes of such agreements as of the specific dates therein, were solely for the benefit of the parties to such Transaction Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk among the parties to such Transaction Agreement, instead of