Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 329

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 329
---
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |     | Combined Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |     | stock is converted into shares, other securities, interests, obligations, rights to acquire shares, other securities or interests, cash, other property, or any combination of the foregoing, and each share of Class B common stock is treated for purposes of calculating the economic rights of such share as if each such share were converted into ten (10) shares of Class A common stock, unless otherwise adjusted pursuant to the amended and restated articles, immediately prior to the merger or consolidation or similar transaction).                                                         
 The amended and restated bylaws may be amended or repealed and new bylaws may be adopted by (i) the shareholders at an annual or special meeting, provided that notice of the meeting includes a description of the proposed change to the amended and restated bylaws, or (ii) by the combined company board of directors, except to the extent that such power is reserved to the shareholders by law or by the amended and restated articles, or unless the shareholders, in amending or repealing a particular bylaw, provide expressly that the board of directors may not amend or repeal that bylaw. |
| Action by Written Consent of the Shareholders |     | Under the CGCL and the Mechanics bylaws, any action required or permitted to be taken at a shareholder meeting may be taken without a meeting by written if the holders of the outstanding shares of Mechanics common stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting approve such action. Directors may be elected by written consent only if such consent is unanimously given by all shareholders entitled to vote, except that action taken by shareholders to fill one or more vacancies on the board other than a vacancy created by the removal of a director, may be taken by written consent of a majority of the outstanding shares entitled to vote. Unless the consents of all shareholders entitled to vote have been solicited in writing, notice must be given and within the time |     | The WBCA permits any action required or permitted to be taken at a meeting of shareholders to be taken without a meeting by written consent of all shareholders entitled to vote on the corporate action.                                                                                                                                                                                                                                                                                                                                                                                                   
 Pursuant to the amended and restated articles, combined company shareholders may take any action required or permitted to be taken at a meeting by written consent if a written consent describing the action taken is signed by shareholders holding at