Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 38

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 38
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 Compensation Committee. The services Pearl Meyer provides under the agreement include advising the Compensation Committee on the principal aspects of HomeStreet’s executive compensation program, evolving best practices given the Company’s particular circumstances, and providing market information and analysis regarding the competitiveness of HomeStreet’s program design and HomeStreet’s award values in relationship to its performance.

The Compensation Committee regularly reviews the services provided by its outside consultants and believes that Pearl Meyer is independent in providing executive compensation consulting services. The Compensation Committee periodically monitors the Company’s relationship with Pearl Meyer with regard to, among other things, the requirements of Nasdaq related to the selection and assessment of conflicts of interest pertaining to compensation consultants and determined that Pearl Meyer’s work for the Compensation Committee did not raise any conflicts of interest.

#### Nominating and Governance Committee
The N&G Committee has the authority to establish and implement our corporate governance practices, nominate individuals for election to the Board, evaluate and oversee issues related to management of human capital resources, among other things. Beginning in 2021, the N&G Committee received reports from the Company’s Community Relations and Events Manager at least two times a year to increase oversight of and involvement in the management of our human capital resources.

Our Board has adopted a written charter for the N&G Committee that satisfies the applicable standards of Nasdaq Corporate Governance rules as to nominating committee requirements. A copy of this charter can be found on our investor relations website: http://ir.homestreet.com . Among other things, this charter requires the N&G Committee to:

• develop and recommend to the Board criteria for identifying and evaluating director candidates;

• identify, review the qualifications of, and recruit candidates for election to the Board;

• assess the contributions and independence of incumbent directors in determining whether to recommend them for reelection to the Board and appointment to one or more committees of the Board;

• periodically review the procedures for the consideration of Board candidates recommended for the N&G Committee’s consideration by the Company’s shareholders contained in the Company’s Shareholder Engagement Procedures and Practices and recommend any changes to such procedures to the Board;

• recommend to the Board the Company’s candidates for election or reelection to the Board at each annual meeting of shareholders;

• recommend to the Board candidates to be elected by the Board as necessary to fill vacancies and newly created directorships;

• develop and recommend to the Board a set of corporate governance principles, and annually review and recommended changes as appropriate to such principles;

• review and recommend changes as appropriate to the Board in the Code of Ethics, and biannually review this