Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 73

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 73
---
 the consummation of the merger than the holder’s interest in HomeStreet or Mechanics individually, as applicable, prior to the consummation of the merger. HomeStreet shareholders and Mechanics shareholders (other than holders of Mechanics non-voting common stock) currently have the right to vote in the election of the board of directors and on other matters affecting HomeStreet

35

#### TABLE OF CONTENTS
and Mechanics, respectively. When the merger is completed, each HomeStreet shareholder will become a shareholder of the combined company, with a percentage ownership of the shares of common stock of the combined company that is substantially smaller than the holder’s percentage ownership of HomeStreet common stock prior to the consummation of the merger. When the merger is completed, each Mechanics shareholder will become a shareholder of the combined company, with a percentage ownership of the shares of common stock of the combined company that is smaller than the holder’s percentage ownership of Mechanics common stock prior to the consummation of the merger. Based on the number of shares of HomeStreet common stock and Mechanics common stock outstanding as of the close of business on the respective record dates, and based on the number of shares of HomeStreet common stock expected to be issued in the merger, Mechanics shareholders as of immediately prior to the merger, as a group, are estimated to own approximately 91.7% of the outstanding shares of the combined company on an economic basis and 91.3% of the voting power in the combined company immediately after the merger, and HomeStreet shareholders as of immediately prior to the merger, as a group, are estimated to own approximately 8.3% of the outstanding shares of the combined company on an economic basis and 8.7% of the voting power in the combined company immediately after the merger. Following the consummation of the merger, the Ford Entities and their controlled affiliates will control approximately 77.7% of the voting power of the combined company. Accordingly, HomeStreet shareholders are expected to have less influence over the management and policies of the combined company after the closing of the merger than they now have on the management and policies of HomeStreet.

**Following the consummation of the merger, the Ford Entities and their controlled affiliates will control approximately 77.7% of the voting power of the combined company, and the Ford Entities and such affiliates will have the ability to elect the combined company’s directors and have control over most other matters submitted to shareholders for approval.**

Immediately following the merger, approximately 91.3% of the voting power of