Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 330

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 330
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aling a particular bylaw, provide expressly that the board of directors may not amend or repeal that bylaw. A Washington corporation’s shareholders may also amend or repeal a corporation’s bylaws.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 The amended and restated articles provide that if a vote of the shareholders is required to amend the articles of incorporation, the amendment must be approved by the affirmative vote of a majority of the outstanding shares of the combined company. Further, if an amendment would adversely affect the rights, preferences or powers of the Class B common stock, including in connection with or as a result of any merger, share exchange, consolidation, recapitalization, restructuring or other reorganization, it is required to be approved by the affirmative vote of a majority of all of the votes entitled to be cast by holders of the shares of Class B common stock, voting as a separate voting group (other than in connection with a merger, consolidation or similar transaction, where (i) the Class A common stock and Class B common stock are treated equally, except that each receives securities that mirror the rights and other attributes applicable to such class, other than in an immaterial respect, or (ii) the Class A common |

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TABLE OF CONTENTS

|                                               |     | Mechanics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |     | 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