Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 290

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 290
---
 proposed by Mechanics and, after receiving the advice of its outside counsel and, with respect to financial matters, its financial advisors, determine in good faith that it would nevertheless more likely than not result in a violation of its fiduciary duties under applicable law to make or continue to make the HomeStreet board recommendation and, if applicable, such acquisition proposal continues to constitute a superior proposal. Any material amendment to any acquisition proposal will be deemed to be a new acquisition proposal and will require a new notice period.

After the Form S-4 is declared effective, HomeStreet may not adjourn or postpone its shareholder meeting, except (i) at Mechanics’ written request or (ii) after good faith consultation with Mechanics and on no more than two (2) occasions in the aggregate and, in each case, for no longer than ten (10) business days from the immediately prior scheduled date. Further, the adjournment or postponement may only occur if (A) as of the date of such meeting there are insufficient shares of HomeStreet common stock represented (either in person or by proxy) to constitute the quorum necessary to conduct the business of such meeting, (B) as of the date of such meeting HomeStreet has not received proxies representing a sufficient number of shares necessary to obtain the requisite HomeStreet shareholder approval or (C) as required by applicable law in order to ensure that any supplement or amendment to the proxy statement that the board of directors of HomeStreet has determined in good faith after consultation with outside legal counsel is required by applicable law is provided to the holders of HomeStreet common stock a reasonable amount of time prior to such meeting.

After the Form S-4 is declared effective and the consent solicitation statement is delivered to Mechanics’ shareholders, Mechanics is required to use its reasonable best efforts to solicit its shareholders’ consent in favor of the merger approvals to the extent required by law.

For purposes of the merger agreement, an “acquisition proposal” means, other than the transactions contemplated by the merger agreement, any offer, proposal or inquiry relating to, or any third-party or “group” (as defined in Section 13(d) of the Exchange Act) indication of interest in, (i) any acquisition or purchase, direct or indirect, of 25% or more of the consolidated assets of HomeStreet and its subsidiaries or 25% or more of any class of equity or voting securities of HomeStreet or its subsidiaries whose assets, individually or in the aggregate, constitute 25% or more of the consolidated assets of HomeStreet, (