Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 316

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 316
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 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 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, where holders of Class B common stock have no right to vote as a group). The amended and restated articles provide that combined company shareholders are not entitled to vote as a separate class or group on (A) an amendment to the amended and restated articles with respect to which such class or series would otherwise be entitled in connection with increases the aggregate number of shares of a class or series, the creation of, or amendment of rights with respect to, preferred stock under RCW 23B.10.1040(1)(a), (1)(e) or (f), or (B) any plan of merger, share exchange or any other corporate action with respect to which such class or series would otherwise be entitled to vote as a separate class under RCW 23B.11A.041(1)(a)(i) or (b). The combined company shareholders are not entitled to cumulative voting rights for the election of directors.

Dividends. The combined company shareholders are equally entitled to dividends, based on such shareholder’s pro rata ownership interest in the combined company, as and when declared by the combined company board of directors out of funds legally available for the payment of dividends, except that each share of Class B common stock will be

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treated as if such share had converted, as of the record date of such dividend or distribution, to ten (10) shares of Class A common stock (subject to adjustments for stock splits, subdivisions and combinations). No distributions of Class A common stock will be made in respect of Class B common stock and no distributions of Class B common stock will be made in respect of Class A common stock. When a dividend or a distribution of shares of combined company common stock is declared, holders of Class A common stock will receive