Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 54

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 54
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 the merger agreement); and |

| • | by Mechanics prior to such time as the requisite HomeStreet shareholder approval is obtained, if (i) HomeStreet or the HomeStreet board of directors has made a recommendation change or (ii) HomeStreet or the HomeStreet board of directors has breached certain covenants related to stockholder approvals or acquisition proposals in any material respect. |

Termination Fee (page 182) If the merger agreement is terminated in certain circumstances, including certain circumstances involving alternative acquisition proposals and changes in the recommendation of the HomeStreet board of directors, HomeStreet will be required to pay Mechanics a termination fee equal to $10 million in cash. For more information, see the section entitled “ The Merger Agreement—Effect of Termination; Termination Fee.”

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#### TABLE OF CONTENTS

#### Key Shareholder Voting Agreements (page185)
Shortly after the execution of the merger agreement, HomeStreet entered into the Ford Entities voting agreement and the Rabobank voting agreement (collectively, the “key shareholder voting agreements”).

The key shareholder voting agreements provide, among other things, that each key shareholder will, following the effectiveness of the registration statement of which this proxy statement/prospectus/consent solicitation statement forms a part, promptly (and in any event within five (5) business days) execute and deliver (or cause to be executed and delivered) to Mechanics a written consent approving the merger agreement and the transactions contemplated by the merger agreement, with respect to all of such key shareholder’s shares of Mechanics capital stock entitled to act by written consent thereto.

As of the date of the key shareholder voting agreements, the key shareholders collectively owned, of record or beneficially, a majority of the voting power of the outstanding shares of Mechanics voting common stock. As of the consent record date, the key shareholders collectively owned approximately [ ]% of the outstanding shares of Mechanics voting common stock. Accordingly, the execution and delivery of written consents by all of the key shareholders will constitute receipt by Mechanics of the shareholder approval required for the Mechanics merger proposal and therefore satisfy the closing condition in the merger agreement relating to receipt of the Mechanics requisite shareholder approval.

#### Registration Rights Agreement (page186)
In connection with the merger agreement, HomeStreet, Mechanics, the Ford Entities and Rabobank entered into a registration rights agreement, dated as of March 28, 2025, which will become effective as of the effective time.

Pursuant to the registration rights agreement, (i) each of the Ford Entities and Rab