Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 317

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 317
---
 Class A common stock and holders of Class B common stock will receive one-tenth (1/10th) of Class B common stock for each share of Class A common stock that the holders of Class A common stock receive (subject to adjustments for stock splits, subdivisions and combinations).

Liquidation. In the event of the combined company’s liquidation or dissolution, the combined company shareholders are entitled to equally share in all assets remaining for distribution to shareholders of combined company common stock based on such shareholder’s pro rata ownership interest in the combined company, except that each share of Class B common stock will be treated as if such share had converted to ten (10) shares of Class A common stock for purposes of calculating the economic rights of such Class B common stock.

Conversion Rights . The Class A common stock is not convertible. The Class B common stock will convert into Class A common stock in connection with a transfer of Class B common stock to a person that is not an affiliate (as defined in the BHC Act) of such holder (i) in a widely dispersed public offering, (ii) in a transfer to the combined company, (iii) in a private sale in which no purchaser (or group of associated purchasers) would acquire Class A common stock and/or Class B common stock in an amount that, after the conversion of such Class B common stock, represents two percent (2%) or more of a class of the combined company’s voting securities; or (iv) where such transferee would control a majority of the combined company’s voting securities notwithstanding such transfer. Other than in connection with such transfers, the Class B common stock is not convertible. The combined company will reserve and keep available out of its authorized but unissued shares of Class A common stock the number of shares sufficient to effect the conversion of all outstanding shares of Class B common stock into shares of Class A common stock.

Other Rights. Combined company shareholders have no preemptive or other subscription rights, and the shares of combined company common stock are not subject to any further calls or assessments by the combined company. There is no redemption provision or sinking fund provision applicable to the shares of combined company common stock.

Listing. HomeStreet common stock is currently listed on the Nasdaq under the symbol “HMST.” The transfer agent for HomeStreet common stock currently is Broadridge. Upon the completion of this offering, the transfer agent for Class A common stock and Class B common stock will be [ ]. Immediately after the effective time, it is expected that the Class A common stock will trade on the NASDAQ