Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 119

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 119
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 to obtain shareholder approval, among other things, (i) prior to the issuance of common stock or securities convertible into or exercisable for common stock in connection with the acquisition of stock of another company, if the common stock has or will have upon issuance voting power equal to or in excess of 20% of the voting power outstanding before the issuance of stock or securities convertible into or exercisable for common stock, or the number of shares of common stock to be issued is or will be equal to or in excess of 20% of the number of shares of common stock outstanding before the issuance of the stock or securities and (ii) in connection with a “change of control” pursuant to the Nasdaq Listing Rules or NYSE Listed Company Manual, as applicable. If the merger is completed, the number of shares of HomeStreet common stock issued will exceed 20% of the HomeStreet common stock outstanding before such issuance. In addition, HomeStreet expects the transaction would constitute a “change of control” under the Nasdaq Listing Rules or NYSE Listed Company Manual. In this proposal, HomeStreet is asking HomeStreet shareholders to authorize the issuance of HomeStreet common stock in connection with the merger.

#### Vote Required for Approval
The approval of the HomeStreet share issuance proposal is a condition to the completion of the merger. If the HomeStreet share issuance proposal is not approved, the merger will not occur.

If a quorum is present at the HomeStreet special meeting, approval of the HomeStreet share issuance proposal requires that the number of votes cast at the HomeStreet special meeting favoring the HomeStreet share issuance proposal exceeds the number of votes cast opposing the HomeStreet share issuance proposal. If you are present at the HomeStreet special meeting and abstain from voting, or respond by proxy with an “ABSTAIN,” it will have no effect on such proposal. Assuming a quorum is present, if you are not present at the HomeStreet special meeting, do not respond by proxy and do not provide your bank, broker, trustee or other nominee with instructions, as applicable, it will have no effect on such proposal.

**Recommendation of the HomeStreet Board of Directors**

**THE HOMESTREET BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE HOMESTREET SHARE ISSUANCE PROPOSAL.**

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PROPOSAL 3: HOMESTREET NEW EQUITY INCENTIVE PLAN PROPOSAL Why