Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 189

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 189
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 during 2024 in excess of 10% of the Mechanics’ equity capital accounts.

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#### TABLE OF CONTENTS

#### Existing Shareholders Agreement
Mechanics, the Ford Entities and Rabobank are party to that certain Shareholders Agreement, dated as of August 31, 2019 (the “existing shareholders agreement”), pursuant to which Rabobank is (i) entitled to certain demand registration rights, shelf takedown rights and piggyback registration rights with respect to shares of Mechanics common stock, subject to customary limitations, including the right of underwriters in an underwritten offering to limit the number of shares to be included in an offering and Mechanics’ right to suspend the use of (or discontinue the disposition of) Mechanics common stock pursuant to a registration statement under specified circumstances, (ii) entitled to certain pre-emptive rights as long as it holds at least 4.9% of the aggregate outstanding capital stock and other classes of equity securities of Mechanics, (iii) provided certain tag-along rights and subject to certain drag-along obligations in connection with transfers of Mechanics common stock by the Ford Entities and (iv) subject to certain transfer restrictions. In addition, Mechanics has agreed to generally create a class of non-voting equity interests that are not “voting securities” under the BHC Act for issuance and sale to Rabobank in connection with issuances of equity if Rabobank validly exercises its pre-emptive rights.

Further, Mechanics, the Ford Entities and Rabobank each have agreed to, and agreed to cause their respective affiliates to, cooperate with each other with respect to certain bank regulatory matters and operational requirements and to use reasonable best efforts to comply with certain regulatory requirements. As long as the Rabobank Parties beneficially own, in the aggregate, at least 4.9% of the outstanding capital stock and other classes of equity securities of Mechanics, the Rabobank Parties will have the right to appoint one observer to the Mechanics board of directors, and from and after such time as the Rabobank Parties acquire additional shares of Mechanics voting common stock such that they beneficially own, in the aggregate 9.9% or more of Mechanics voting common stock, the Rabobank Parties will have the right to appoint one director to the Mechanics board of directors (subject to the Mechanics board of directors’ reasonable approval).

The shareholders agreement will terminate (i) upon the mutual written agreement of each of the parties thereto and (ii) in the case of the Rabob