Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 253

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 253
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 the fullest extent permitted by applicable law, HomeStreet’s governing or organizational documents and their existing agreements with HomeStreet.

HomeStreet will obtain at or prior to the effective time a six (6) year “tail” policy under its existing directors’ and officers’ insurance policy providing the same coverage and amounts and containing terms and conditions that are no less advantageous to the insured as the directors’ and officers’ liability insurance maintained by HomeStreet, as of the date of the merger agreement, with respect to claims against each present and former director, officer or employee of HomeStreet, arising from facts or events which occurred at or before the effective time (including the approval of the transactions contemplated by the merger agreement); provided that, HomeStreet will not expend, in the aggregate, an amount in excess of 300% of the current annual premium paid as of the date of the merger agreement by HomeStreet for such tail policy. If the tail policy is not available, then, in lieu thereof, for a period of six (6) years after the effective time, HomeStreet will cause to be maintained in effect the current policies of directors’ and officers’ liability insurance maintained by HomeStreet (or may substitute therefor policies with a substantially comparable insurer of at least the same coverage and amounts containing terms and conditions that are no less advantageous to the insured); provided that, HomeStreet will not be obligated to expend, on an annual basis, an amount in excess of 300% of the current annual premium paid as of the date of the merger agreement by HomeStreet for such insurance.

For additional information, see the section entitled “ The Merger Agreement—Director and Officer Indemnification and Insurance .”

**Membership on the Combined Company’s Board of Directors**

The board of directors of the combined company after the merger will have eight members, including one legacy HomeStreet director. For additional information, see the section entitled “— Governance of the Combined Company After the Merger ”.

#### Tax Planning Strategies
Pursuant to the merger agreement and confidential disclosure schedules to the merger agreement, HomeStreet may implement strategies to mitigate the impact of Sections 280G and 4999 of the Code and to reduce the amount of compensation or benefits otherwise expected to constitute “excess parachute payments” in connection with the transactions contemplated by the merger agreement. As of the date of this proxy statement/prospectus/consent solicitation statement, no such tax planning strategies have been finalized.

**Quantification of Potential Payments and Benefits to HomeStreet’s Named Executive Officers in Connection with the