Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 323

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 323
---
. In any election of directors that is not a contested election, the director candidates receiving a majority of votes cast will be elected. |
| Removal of Directors       |     | Under the CGCL, any or all of the directors may be removed without cause if the removal is approved by a vote of the holders of a majority of the outstanding shares entitled to vote, subject to certain limitations. The CGCL also provides that any director may be                                                                                                                                                                                                                                                                                                                                                                          |     | Under the WBCA, the amended and restated articles and the amended and restated bylaws, one or more directors may be removed with or without cause only at a special meeting called for the purpose of removing the director. A director is removed if the vote of the                                                                                                                                                                                                                                 |

204

TABLE OF CONTENTS

|                                            |     | Mechanics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     | Combined Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                            |     | removed by a court for fraudulent or dishonest acts, or gross abuse of authority, if shareholders holding at least ten percent (10%) of the number of outstanding shares of any class bring suit.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | shareholders in which the number of votes cast to remove exceeds the number of votes cast not to remove the director.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Filing Vacancies on the Board of Directors |     | The Mechanics bylaws provide that any vacancy in the Mechanics board of directors or a vacancy resulting from an increase in the number of directors will be filled by the affirmative vote of the majority of all the directors remaining in office, except that a vacancy created by the removal of a director by the vote or written consent of the shareholders or by court order may be filled only by the affirmative vote of a majority of the shares represented and voting at a duly held meeting at which a quorum is present, or by the unanimous written consent of all shares entitled to vote thereon. The term of a director elected to fill a vacancy will expire at the next shareholders meeting at which directors are elected. |     | The amended and restated bylaws provide that vacancies resulting from an increase in the number of directors are to be filled as soon as practicable by the affirmative vote of a majority of the remaining directors or by the shareholders at a meeting called for that purpose, unless either the board of directors or the shareholders elect not to fill such vacancy and to decrease the size of the board of directors. The term of a director elected to fill a vacancy will expire at the next shareholders meeting at which directors