Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 408

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 408
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 VII (other than those conditions that by their nature can only be satisfied at the Closing, but subject to the satisfaction or waiver thereof at the Closing) unless another date, time or place is agreed to in writing by Company and Parent. The date on which the Closing occurs is referred to in this Agreement as the “ Closing Date .”

1.3

#### Conversion of Company Common Stock
. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Company, Parent Bank or the holder of any securities of Parent, Parent Bank or Company:

(a) Subject to Section 2.2(c), each share of the common stock, par value $50 per share, of Company designated as Voting Common Stock (the “ Voting Company Common Stock ”) and each share of the common stock, par value $50 per share, of Company designated as Non-Voting Common Stock (the “ Non-Voting Company Common Stock ”) issued and outstanding immediately prior to the Effective Time (the Voting Company Common Stock and the Non-Voting Company Common Stock, collectively, the “ Company Common Stock ”), except for shares of Company Common Stock owned by Company or Parent (in each case other than shares of Company Common Stock (x) held in trust accounts, managed accounts, mutual funds and the like, or otherwise held in a fiduciary or agency capacity that are beneficially owned by third parties, or (y) held, directly or indirectly, by Company or Parent in respect of debts previously contracted) (the “ Excluded Shares ”), shall be converted into the right to receive: (A) in the case of Voting Company Common Stock, 3,301.0920 shares (the “ Exchange Ratio ”, and such shares collectively, the “ Voting Merger Consideration ”) of the class A common stock, no par value, of Parent (the “ Class A Parent Common Stock ”), and (B) in the case of the Non-Voting Company Common Stock, 330.1092 shares (the “ Non-Voting Exchange Ratio ”, and such shares collectively, with the Voting Merger Consideration, the “ Merger Consideration ”) of the class B common stock, no par value, of Parent as set forth in the Parent Articles Amendment (the “ Class B Parent Common Stock ”) (the common stock, no par value, of Parent prior to the effectiveness of the Parent Articles Amendment and, following the effectiveness of the Parent Articles Amendment, the Class A Parent Common Stock