Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 322

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 322
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| Voting Rights               |     | The Mechanics charter provides that each Mechanics shareholder holding Mechanics voting common stock will be entitled to one vote on each matter voted on at any Mechanics shareholder’s meeting for each such share. The Mechanics bylaws provide that, except as otherwise required by applicable law, each Mechanics shareholder holding Mechanics non-voting common stock will not be entitled to any vote for such shares. In the election of directors, each holder of Mechanics voting common stock may cumulate votes and give one candidate a number of votes equal to the number of directors to be elected multiplied by the number of votes to which the shareholder’s shares are normally entitled, or distribute the shareholder’s votes on the same principle among as many candidates as such shareholder chooses. No shareholder is entitled to cumulate votes in favor of any candidate or candidates unless such candidate’s or candidates’ names have been placed in nomination prior to the voting and the shareholder has given notice at the meeting prior to the voting of the shareholder’s intention to cumulate the shareholder’s votes. |     | The HomeStreet amended and restated articles provide that each outstanding share of HomeStreet Class A common stock and Class B common stock, voting as a single group (except as required by applicable law or in connection with certain amendments), is entitled to one vote upon each matter submitted to a vote at a meeting of shareholders. Holders of combined company common stock do not have cumulative voting rights in the election of directors.                                                   |
| Dividends and Distributions |     | Each share of Mechanics common stock generally shares equally and ratably in dividends and distributions. No distributions of Mechanics voting common stock will be made in respect of Mechanics non-voting common stock and no distributions of Mechanics non-voting common stock will be made in respect of Mechanics voting common stock. Any distributions of Mechanics common stock in respect of Mechanics common stock will be of the same class as such Mechanics common stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |     | Each share of combined company common stock generally shares equally and ratably in dividends and distributions, except that each share of Class B common stock will be treated as if each share were converted, as of the record date of such dividend or distribution, into ten (10) shares of Class A common stock (subject to adjustments for stock splits, subdivisions and combinations). No distributions of Class A common stock will be made in respect of Class B common stock and no distributions of |

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|                            |     | Mechanics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |     | Combined Company