Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 271

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 271
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 merger agreement, except, to the extent applicable, for shares of Mechanics owned by HomeStreet or Mechanics, in each case, other than shares (x) held in certain accounts or a fiduciary or agency capacity that are beneficially owned by third parties or (y) held by HomeStreet or Mechanics in respect of debts previously contracted.

If, prior to the effective time, the outstanding shares of HomeStreet common stock or Mechanics common stock are changed into a different number or class of shares, including by reason of any reclassification, recapitalization, stock split or combination, exchange or readjustment of shares or similar transaction, or stock dividend with a record date before the effective time, excluding any change resulting from vesting or exercise of any Mechanics RSUs and HomeStreet Equity Awards outstanding as of the date on which the merger agreement is entered into, the exchange ratios and any other amounts payable pursuant to the merger agreement will be appropriately adjusted to provide HomeStreet and Mechanics shareholders, as well as holders of Mechanics RSUs and HomeStreet Equity Awards, as well as holders of Mechanics RSUs and HomeStreet Equity Awards, the same economic effect as contemplated by the merger agreement prior to such event.

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TABLE OF CONTENTS

Treatment of Fractional Shares No new certificates or scrip representing fractional shares of HomeStreet common stock will be issued upon the surrender for exchange of old certificates of Mechanics common stock, no dividend or distribution with respect to HomeStreet common stock will be payable on or with respect to any fractional share, and such fractional share interests will not entitle the owner thereof to vote or to any other rights of a shareholder of HomeStreet. In lieu of the issuance of any such fractional share, HomeStreet will pay to each Mechanics shareholder who otherwise would be entitled to receive such fractional share an amount in cash rounded to the nearest cent. This cash amount will be determined by multiplying (i) the average of the closing sale prices of HomeStreet common stock on the Nasdaq or NYSE, as applicable, as reported by The Wall Street Journalfor the consecutive period of five (5) full trading days ending on the day preceding the closing date by (ii) the fraction of a share (after taking into account all shares of Mechanics common stock held by such holder immediately prior to the effective time and rounded to the nearest thousandth when expressed in decimal form) of HomeStreet common stock which such holder would otherwise be entitled to receive pursuant to the merger agreement (and, in the case of rounding in respect of Class