Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 57

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 57
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Street shareholders must approve the HomeStreet articles amendment proposal and the HomeStreet share issuance proposal order for the merger to occur. For more information, see the section entitled “ The HomeStreet Special Meeting.” Mechanics’ Solicitation of Written Consent (page 77) The merger agreement provides that Mechanics will seek approval of the Mechanics merger proposal, and the principal terms thereof, pursuant to this proxy statement/prospectus/consent solicitation statement. Mechanics will not call or convene any meeting of its shareholders in connection with obtaining approval of the Mechanics merger proposal by Mechanics shareholders. Mechanics shareholders are being asked to approve the merger agreement proposal by executing and delivering the written consent furnished with this proxy statement/prospectus/consent solicitation statement. The affirmative vote or consent of the holders of a majority of the outstanding shares of Mechanics voting common stock entitled to vote thereon is required to approve the merger proposal. Only holders of Mechanics voting common stock of record at the close of business on [ ], 2025 (the “consent record date”) will be entitled to execute and deliver a written consent. Each holder of Mechanics non-voting common stock is not entitled to consent to the Mechanics merger proposal. As of the consent record date, there were [ ] shares of Mechanics voting common stock issued and outstanding, of which approximately [ ]% were owned by Mechanics directors and executive officers and their affiliates. Mechanics currently expects that Mechanics’ directors and executive officers will provide execute and deliver written consents approving the Mechanics merger proposal, although none of them has entered into any agreements obligating them to do so (other than the Ford Entities pursuant to the Ford Entities voting agreement).

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Subsequent to the execution of the merger agreement, HomeStreet and the key shareholders entered into the key shareholder voting agreements. Pursuant to the key shareholder voting agreements, each of the key shareholders has agreed, promptly (and in any event within five (5) business days) after the effectiveness of the registration statement of which this proxy statement/prospectus/consent solicitation statement forms a part to execute and deliver written consents approving the Mechanics merger proposal with respect to all of such key shareholders’ shares of Mechanics common stock entitled to act by written consent with respect thereto. The shares of Mechanics voting common stock that are owned by the key shareholders and subject to the key shareholders voting agreements represent approximately [ ]% of the Mechanics voting common stock issued and outstanding as of the consent record date. The execution and delivery of written consents by certain of the Ford Entities, who