Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 323

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 323
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 or other consideration other than shares of the corporation; (v) an election by a corporation to become or cease to become a social purpose corporation, which has become effective, to which the corporation is a party if shareholder approval was required for the election; (vi) an amendment of a social purpose corporation’s articles of incorporation that would materially change a purpose of the corporation; (vii) any corporate action taken pursuant to a shareholder vote to the extent that the articles of incorporation, bylaws or a resolution of the board of directors provides that shareholders are entitled to dissent and obtain payment for their shares; or (viii) a plan of entity conversion in the case of a conversion of a domestic corporation to a foreign corporation, which has become effective, to which the domestic corporation is a party as the converting entity, if: (a) the shareholder was entitled to vote on the plan, and (b) the shareholder does not receive shares in the surviving entity that have terms as favorable to the shareholder in all material respects and that represent at least the same percentage interest of the total voting rights of the outstanding shares of the surviving entity as the shares held by the shareholder before the conversion. 
 The amended and restated articles and amended and restated bylaws do not provide a separate right to appraisal or dissenters’ rights.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Amendments to Charter/Articles and Bylaws |     | Under the CGCL, amendments to a corporation’s articles of incorporation may be adopted if approved by the board of directors and a majority of the outstanding shares entitled to vote. 
 Under the CGCL, a corporation’s board of directors may adopt, amend or repeal                                                                                                           |     | Under the WBCA, the amended and restated articles may be amended if (subject to certain exceptions if the board of directors determines that it has a conflict of interest) the amendment is first, approved and recommended by the combined company board, then approved by the shareholders upon the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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| Mechanics                                                                                                                                                                                                                                                                                                                              |     | Combined Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| a corporation’s bylaws unless the action would materially and adversely affect the rights of members as to voting or transfer, subject to certain exceptions. A California corporation’s shareholders may adopt, amend or repeal the bylaws even though the bylaws may also be adopted, amended or repealed by its board of directors. 
 The Mechanics bylaws provide that the