Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 34

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 34
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), all of which are expressly reserved to the full Board. The Executive Committee did not meet during the year ended December 31, 2024.

#### Audit Committee
Our Audit Committee is composed solely of independent directors as required by Nasdaq corporate governance standards, and each of the members of the Audit Committee meets the independence requirements set forth in all applicable Nasdaq corporate governance standards, including independence requirements for audit committee members, and Rule 10A-3 under the Exchange Act. The Board has determined that each of Mr. Boggs and Mr. Green is qualified as an “audit committee financial expert.”

Our Board has adopted a written Audit Committee charter that meets the requirements of the applicable Exchange Act rules and the applicable Nasdaq corporate governance standards. A copy of this charter can be found on our investor relations website: http://ir.homestreet.com . Among other things, the Audit Committee charter requires the Audit Committee to:

• oversee the financial reporting process on behalf of our Board, review and discuss the audited financial statements, including significant financial reporting judgments, with management and the Company’s auditors and report the results of its activities to the Board;

• be responsible for the appointment, retention, compensation, oversight, evaluation and termination of our auditors and review the engagement and independence of our auditors;

• review and approve non-audit services of our independent registered public accounting firm;

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• review the adequacy of our internal accounting controls and financial reporting processes;

• approve and monitor our internal audit plans and policies;

• annually review the performance compensation and independence of our Chief Audit Officer; and

• annually evaluate the performance of the Audit Committee and assess the adequacy of the Audit

Committee charter.

The Audit Committee of the Company meets jointly with the Audit Committee of HomeStreet Bank. The Audit Committee held eight meetings during the year ended December 31, 2024.

#### Enterprise Risk Management Committee
The membership of the ERM Committee is limited to people who meet the independence standards established by NASDAQ corporate governance rules and is currently comprised solely of independent directors as defined by such rules. The ERM Committee of the Company meets jointly with the ERM Committee of HomeStreet Bank, and together they oversee and assess the adequacy of the Company’s tolerance and management of key enterprise-wide risks, including credit, interest rate, liquidity, price, operational, compliance/legal, strategic and reputational risks. The ERM Committee is also responsible for monitoring the Company’s risk profile and exposure to various types of risks