Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 43

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 43
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6) months thereafter; |

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TABLE OF CONTENTS

| • | Mr. Mason will also be entitled to receive payment of the severance payments and benefits contemplated by, and in accordance with, the applicable change in control severance terms of his employment agreement with HomeStreet, as modified by the consulting agreement; |

| • | each other HomeStreet executive officer is entitled to certain change in control severance payments and benefits upon a qualifying termination of employment within 90 days prior to or within 12 months following the consummation of the merger; |

| • | one (1) of HomeStreet’s directors will continue to serve as a director of the combined company following the closing of the merger; and |

| • | pursuant to the terms of the merger agreement, HomeStreet’s present and former directors and executive officers are entitled to indemnification and advancement of expenses, and six (6) years of continued liability insurance coverage, either by way of obtaining at or prior to the effective time a six (6) year “tail” policy under HomeStreet’s existing liability or insurance policy, or, if such a policy is not available, by maintaining its existing liability insurance policy for a period of six (6) years after the effective time. |

The HomeStreet board of directors was aware of and considered these respective interests, among other matters, in evaluating and negotiating the merger agreement when deciding to adopt and approve the merger agreement and in making its recommendation that HomeStreet shareholders vote to approve the HomeStreet articles amendment proposal, the HomeStreet share issuance proposal, the HomeStreet merger-related compensation proposal, the HomeStreet new equity incentive plan proposal and the HomeStreet adjournment proposal. For more information, see section entitled “ The Merger—Background of the Merger” and “ The Merger—Mechanics’ Reasons for the Merger; Recommendation of the Mechanics Board of Directors.” These interests are described in more detail, and certain of them are quantified in the narrative and in the section entitled “ The Merger—Interests of HomeStreet’s Directors and Executive Officers in the Merger.” Interests of Mechanics Directors and Executive Officers in the Merger (page 161) In considering the recommendation of the Mechanics board of directors to approve the Mechanics merger proposal, Mechanics shareholders should be aware that Mechanics’ directors and executive officers have certain interests in the merger that may be different from, or in addition to, the interests of Mechanics shareholders generally. These interests include, among others, the following:

| • | certain of Mechanics’ executive