Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 244

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 244
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 HomeStreet share issuance proposal, the HomeStreet articles amendment proposal, the HomeStreet merger-related compensation proposal, the HomeStreet new equity incentive plan proposal and the HomeStreet adjournment proposal, holders of HomeStreet common stock should be aware that the directors and executive officers of HomeStreet may have interests in the merger that are different from, or in addition to, the interests of holders of HomeStreet common stock generally. References to the named executive officers of HomeStreet include Mark K. Mason, John M. Michel and William D. Endresen. HomeStreet’s executive officers who are not named executive officers for purposes of this disclosure are Godfrey B. Evans, Erik D. Hand, Jay C. Iseman, Paulette Lemon, Diane P. Novak, David Parr, Marlene Price and Darrell van Amen. The HomeStreet board of directors was aware of these interests and considered them, among other matters, in making its recommendation that HomeStreet shareholders vote to approve the HomeStreet share issuance proposal, the HomeStreet articles amendment proposal, the HomeStreet merger-related compensation proposal, the HomeStreet new equity incentive plan proposal and the HomeStreet adjournment proposal.

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These interests include, among others, the following:

| • | at the effective time, each outstanding HomeStreet RSU will remain outstanding and be continued subject to the same terms and conditions (including vesting terms and terms with respect to dividend equivalents) as applied immediately prior to the effective time; |

| • | at the effective time, any vesting conditions applicable to each outstanding HomeStreet PSU, whether vested or unvested, will automatically accelerate, and each such HomeStreet PSU will be cancelled and entitle the holder to receive (1) a number of shares of Class A common stock equal to the number of shares of HomeStreet common stock (immediately prior to the effective time), subject to such HomeStreet PSU based on target performance plus (2) an amount in cash equal to the amount of all dividends, if any, accrued but unpaid as of the effective time with respect to such HomeStreet PSU based on target performance; |

| • | HomeStreet, Mechanics and Mark K. Mason have entered into the consulting agreement, which will commence on the first day following the effective time of the merger and which provides for certain compensation and benefits in connection with Mr. Mason’s service to HomeStreet and Mechanics following the closing of the merger; |

| • | Mr. Mason will also be entitled to receive payment of the severance