Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 301

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 301
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3 covering the shares of combined company common stock acquired by the Ford Entities and Rabobank in the merger. The shares of HomeStreet common stock to be issued by HomeStreet to the Ford Entities in the merger are not being registered pursuant to the registration statement of which this proxy statement/prospectus/consent solicitation statement forms a part.

The combined company will pay the registration expenses (other than underwriting discounts, selling commissions, stock transfer taxes and fees and certain legal fees) of the shares registered pursuant to the demand registration rights, shelf takedown rights and piggyback registration rights. The applicable Ford Entities or Rabobank and its permitted transferees (the “Rabobank Parties”) will pay such underwriting discounts, selling commissions, stock transfer taxes and fees and legal fees. The combined company, on the one hand, and the Rabobank Parties and the Ford Entities, on the other hand, will each indemnify the other and its representatives for certain securities law matters in connection with any registration statement.

Further, the combined company, Mechanics, the Ford Entities and Rabobank each agree to, and agree to cause their respective affiliates to, cooperate with each other with respect to certain bank regulatory matters and to use reasonable best efforts to comply with certain regulatory requirements. As long as the Rabobank Parties beneficially own, in the aggregate, at least 4.9% of the outstanding capital stock and other classes of equity securities of the combined company, the Rabobank Parties will have the right to appoint one observer to the combined company board of directors, and from and after such time as the Rabobank Parties acquire additional shares of the combined company’s voting common stock such that they beneficially own, in the aggregate, 9.9% or more of the combined company’s voting common stock, the Rabobank Parties will have the right to appoint one director to the combined company board of directors (subject to the combined company board of directors’ reasonable approval).

The registration rights agreement will terminate, (i) upon the mutual written agreement of each of the parties thereto, (ii) in the case of the Rabobank Parties, when the Rabobank Parties no longer beneficially own any outstanding capital stock or other class of equity securities of the combined company and (iii) in the case of the Ford Entities, when the Ford Entities no longer beneficially own any outstanding capital stock or other class of equity securities of the combined company.

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