Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 783

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 783
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ly own, in the aggregate, 9.9% or more of the Company’s voting Common Stock (after receiving approval by the Federal Reserve pursuant to Section 3 of the BHC Act and in accordance with any other applicable law and Article V), then the Rabobank Parties shall have the option, subject to applicable law and prior consent of the Federal Reserve and to the extent consistent with Article V, to appoint one (1) director to the Board of Directors of the Company subject to the Board’s reasonable approval (which approval shall not be unreasonably withheld, delayed or conditioned) of any such director in lieu of the Observer rights set forth in this Section 6.1.

Section 6.2 Financial Information; Access .

(a) Subject to Section 6.2(c), as long as the Rabobank Parties beneficially own at least 4.9% of the Outstanding Company Equity Interests, the Company shall deliver the following to the Rabobank Parties:

(i) promptly after such materials are finalized and delivered to the Ford Shareholders, but in any event within one hundred and twenty (120) days after the end of each fiscal year of the Company, a copy of the audited consolidated statements of financial condition of the Company and its Subsidiaries and the audited consolidated statements of income and changes in shareholders’ equity or equivalent statements contained in the Company’s consolidated financial statements for such year;

(ii) promptly after such materials are finalized and delivered to the Ford Shareholders, but in any event within sixty (60) days after the end of each of the first three (3) quarters of each fiscal year of the Company, a copy of any unaudited consolidated statements of financial condition of the Company and its Subsidiaries and any related consolidated statements of income and changes in shareholders’ equity or equivalent statements contained in the Company’s consolidated financial statements for such quarter, in each case to the extent prepared in the ordinary course of business and provided to the Ford Shareholders; and

(iii) such other information, reports, data, projections, analysis and any other written or electronic materials prepared by the Company that are delivered to the Ford Funds’ limited partners; provided , however , that the Company shall not be obligated under this subsection (iii) to provide information the disclosure of which would adversely affect the attorney-client privilege between the Company and its counsel or would otherwise be prohibited by applicable law.

(b) Subject to Section 6.2(c),