Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 39

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 39
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 code;

• make recommendations to the Board concerning the structure, composition and functioning of the Board and its committees;

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• recommend to the Board candidates for appointment to Board committees and consider periodically rotating directors among the committees;

• review and recommend to the Board retirement and other tenure policies for directors;

• review directorships in other public companies held by or offered to directors and senior officers of the Company;

• review and assess the channels through which the Board receives information, and the quality and timeliness of the information received;

• develop and oversee an orientation program for new directors and a continuing education program for all directors and review and revise such programs as appropriate;

• oversee the evaluation of the Board and its committees;

• monitor and evaluate the Company’s programs, policies and practices and relevant risks and opportunities relating to inclusion and belonging issues and related disclosures, and make recommendations to the Board regarding the Company’s overall strategy with respect to inclusion and belonging matters;

• oversee the Company’s engagement with proxy advisory firms and other stakeholders on inclusion and belonging matters and review shareholder proposals submitted to the Company that are within the purview of the N&G Committee; and

• review with management the Company’s practices, policies and strategies relating to human capital management, including but not limited to practices, policies and strategies regarding recruiting, talent development and retention, culture, diversity, equity and inclusion and human health and safety.

The N&G Committee charter allows the committee to delegate its duties and responsibilities related to nomination and corporate governance to a subcommittee of the N&G Committee that consists of not less than two members of the N&G Committee.

The N&G Committee held three meetings during the year ended December 31, 2024.

Process for Recommending Candidates for Election to the Board of Directors

The N&G Committee is responsible for, among other things, determining the criteria for membership to the Board and recommending candidates for election to the Board. It is the policy of the N&G Committee to consider recommendations for candidates to the Board from shareholders. Shareholder recommendations for candidates to the Board must be directed in writing to HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101, Attention: General Counsel and Corporate Secretary, and must include the candidate’s name, home and business contact information, detailed biographical data and qualifications, information regarding any relationships between the candidate and the Company within the last three years and evidence of the nominating person’s ownership of the Company’s common stock.