Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 319

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 319
---
 acquire shares, other securities or interests, cash, other property, or any combination of the foregoing, and each share of Class B common stock is treated for purposes of calculating the economic rights of such share as if each such share were converted into 10 (ten) shares of Class A common stock, unless otherwise adjusted pursuant to the amended and restated articles, immediately prior to the merger or consolidation or similar transaction, where holders of Class B common stock have no right to vote as a group).

**Advance Notice Requirements for Shareholder Proposals and Director Nominations**

The amended and restated bylaws provide that shareholders seeking to bring business before a meeting of shareholders, or to nominate candidates for election as directors at a meeting of shareholders, must provide the combined company with timely written notice of their proposal. The amended and restated bylaws also specify requirements as to the form and content of a shareholder’s notice. These provisions may preclude shareholders from bringing matters before a meeting of shareholders or from making nominations for directors at a meeting of shareholders.

#### Washington Law Antitakeover Provisions
Chapter 23 of the WBCA, which is applicable to the combined company, may be deemed to have certain anti-takeover effects by proscribing certain transactions, with certain exceptions, between the combined company and an “acquiring person” (defined generally as a person beneficially owning ten percent (10%) or more of a corporation’s outstanding voting stock) during the five (5) year period following the time such person became an interested shareholder without meeting certain heightened approval requirements.

#### Forum Selection Clause
The amended and restated bylaws provide that the sole and exclusive forum will be, to the fullest extent permitted by law, the Superior Court of King County in the State of Washington (or if such court lacks jurisdiction, the United States District Court for the Eastern District of Washington, or if such court lacks jurisdiction, the state courts of the State of Washington) for (i) any derivative action or proceeding brought on behalf of the combined company, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the combined company to the combined company or the combined company’s shareholders, (iii) any action asserting a claim arising pursuant to any provision of the laws of the State of Washington, the amended and restated articles or the amended and restated bylaws and (iv) any action asserting a claim governed by the internal affairs doctrine. Any person or entity purchasing or otherwise acquiring or holding