Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 317

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 317
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 of a director by the vote or written consent of the shareholders or by court order may be filled only by the affirmative vote of a majority of the shares represented and voting at a duly held meeting at which a quorum is present, or by the unanimous written consent of all shares entitled to vote thereon. The term of a director elected to fill a vacancy will expire at the next shareholders meeting at which directors are elected. |     | The amended and restated bylaws provide that vacancies resulting from an increase in the number of directors are to be filled as soon as practicable by the affirmative vote of a majority of the remaining directors or by the shareholders at a meeting called for that purpose, unless either the board of directors or the shareholders elect not to fill such vacancy and to decrease the size of the board of directors. The term of a director elected to fill a vacancy will expire at the next shareholders meeting at which directors are elected.                                                        |
| Calling Special Meetings of Shareholders   |     | The Mechanics bylaws provide that special meetings of shareholders may be called at any time by the Mechanics board of directors, the chair of the Mechanics board of directors or its president, or on demand in writing by shareholders of record holding shares with at least ten percent (10%) of the votes entitled to be cast at the special meeting.                                                                                                                                                                                                                                                                                                                                                                                        |     | The amended and restated bylaws provide that special meetings of the combined company shareholders may be called at any time only by (i) the combined company board of directors, (ii) the Chair of the combined company board of directors, (iii) the President of the combined company or (iv) the Secretary of the combined company upon the request of one or more shareholders holding at least ten percent (10%) of all votes entitled to be cast on any issue proposed to be considered at the proposed special meeting on the matter or matters proposed to be brought before the proposed special meeting. |
| Quorum                                     |     | The Mechanics bylaws provide that a majority of the shares entitled to vote, represented in person or by proxies, will constitute a quorum at any meeting of the Mechanics shareholders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     | The amended and restated bylaws generally provide that a majority of the outstanding votes entitled to be cast by holders of shares entitled to vote on a matter, represented in person or by proxy, constitute a quorum at a shareholders meeting for action on that matter, unless otherwise required by law.                                                                                                                                                                                                                                                                                                     |

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