Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 8

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 8
---
 be designated Class A common stock, no par value, and 2,500,000 shares of which will be designated Class B common stock, no par value, such proposal we refer to as the “HomeStreet articles amendment proposal”; |

| 2. | To consider and vote on a proposal to approve the issuance of HomeStreet common stock required in connection with the merger, which will represent (i) more than 20% of the shares of HomeStreet common stock outstanding immediately prior to the merger and (ii) a change of control pursuant to applicable exchange listing rules, such proposal we refer to as the “HomeStreet share issuance proposal”; |

| 3. | To consider and vote on a proposal to approve and adopt the HomeStreet 2025 Equity Incentive Plan in the form attached asAnnex D, which proposal we refer to as the “HomeStreet new equity incentive plan proposal”; |

| 4. | To consider and vote on a proposal to approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to the named executive officers of HomeStreet in connection with the transactions contemplated by the merger agreement, which we refer to as the “HomeStreet merger-related compensation proposal”; and |

| 5. | To consider and vote on a proposal to adjourn the HomeStreet special meeting, if there are insufficient votes at the time of the HomeStreet special meeting to approve the HomeStreet articles amendment proposal or the HomeStreet share issuance proposal, to permit further solicitation of proxies in favor of the HomeStreet articles amendment proposal or the HomeStreet share issuance proposal, which we refer to as the “HomeStreet adjournment proposal.” |

The HomeStreet board of directors has set July 11, 2025 as the record date for the HomeStreet special meeting. Only holders of record of HomeStreet common stock at the close of business on July 11, 2025 will be entitled to notice of and to vote at the HomeStreet special meeting and any adjournments or postponements thereof. The affirmative vote of a majority of the outstanding shares of HomeStreet common stock entitled to vote thereon is required to approve the HomeStreet articles amendment proposal. Assuming a quorum is present, approval of each of the HomeStreet share issuance proposal, HomeStreet new equity incentive plan proposal and HomeStreet merger-related compensation proposal requires that the votes cast in favor of such proposal exceed the votes cast opposing such proposal. Approval of the HomeStreet adjournment proposal requires that the votes cast