Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 285

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 285
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, after receiving the advice of its outside counsel and, with respect to financial matters, its financial advisors, constitutes a superior proposal (as defined below) or (B) an intervening event (as defined below) has occurred and (ii) the board of directors of HomeStreet, after receiving the advice of its outside counsel and, with respect to financial matters, its financial advisors, determines in good faith that the failure to take such action would more likely than not result in a violation of its fiduciary duties under applicable law. Prior to effecting such recommendation change, the board of directors of HomeStreet must (y) give Mechanics at least three (3) business days’ prior written notice of its intention to take such action and a reasonable description of the event or circumstances giving rise to its determination to take such action and (z) at the end of such notice period, take into account any amendment or modification to the merger agreement proposed by Mechanics and, after receiving the advice of its outside counsel and, with respect to financial matters, its financial advisors, determine in good faith that it would nevertheless more likely than not result in a violation of its fiduciary duties under applicable law to make or continue to make the HomeStreet board recommendation and, if applicable, such acquisition proposal continues to constitute a superior proposal. Any material amendment to any acquisition proposal will be deemed to be a new acquisition proposal and will require a new notice period.

After the Form S-4 is declared effective, HomeStreet may not adjourn or postpone its shareholder meeting, except (i) at Mechanics’ written request or (ii) after good faith consultation with Mechanics and on no more than two (2) occasions in the aggregate and, in each case, for no longer than ten (10) business days from the immediately prior scheduled date. Further, the adjournment or postponement may only occur if (A) as of the date of such meeting there are insufficient shares of HomeStreet common stock represented (either in person or by proxy) to constitute the quorum necessary to conduct the business of such meeting, (B) as of the date of such meeting HomeStreet has not received proxies representing a sufficient number of shares necessary to obtain the requisite HomeStreet shareholder approval or (C) as required by applicable law in order to ensure that any supplement or amendment to the proxy statement that the board of directors of HomeStreet has determined in good faith after consultation with outside legal counsel is required by applicable law is provided to the holders of HomeStreet common stock a reasonable amount of time prior