Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 271

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 271
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Treatment of Fractional Shares No new certificates or scrip representing fractional shares of HomeStreet common stock will be issued upon the surrender for exchange of old certificates of Mechanics common stock, no dividend or distribution with respect to HomeStreet common stock will be payable on or with respect to any fractional share, and such fractional share interests will not entitle the owner thereof to vote or to any other rights of a shareholder of HomeStreet. In lieu of the issuance of any such fractional share, HomeStreet will pay to each Mechanics shareholder who otherwise would be entitled to receive such fractional share an amount in cash rounded to the nearest cent. This cash amount will be determined by multiplying (i) the average of the closing sale prices of HomeStreet common stock on the Nasdaq or NYSE, as applicable, as reported by The Wall Street Journalfor the consecutive period of five (5) full trading days ending on the day preceding the closing date by (ii) the fraction of a share (after taking into account all shares of Mechanics common stock held by such holder immediately prior to the effective time and rounded to the nearest thousandth when expressed in decimal form) of HomeStreet common stock which such holder would otherwise be entitled to receive pursuant to the merger agreement (and, in the case of rounding in respect of Class B common stock, multiplied by ten (10), subject to adjustment as provided in the amended articles). Surviving Organizational Documents At the effective time, the articles of incorporation of the combined company will be the amended and restated articles, as amended and restated in accordance with the merger agreement pursuant to the articles amendment, as in effect immediately prior to the effective time of the merger. At the effective time, the bylaws of the combined company will be the amended and restated bylaws, as amended and restated in accordance with the merger agreement, as in effect immediately prior to the effective time of the merger. At the effective time, the Mechanics charter, as in effect immediately prior to the effective time of the merger, will be the articles of incorporation of Mechanics as the surviving bank in the merger. At the effective time, the bylaws of Mechanics, as in effect immediately prior to the effective time of the merger, will be the bylaws of Mechanics as the surviving bank in the merger. Treatment of HomeStreet Equity Awards The merger agreement provides that upon completion of the merger, outstanding HomeStreet equity awards will be treated as follows:

| • | at the effective time, each outstanding HomeStreet RSU granted under the Equity Incentive Plan will remain