Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 121

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 121
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 shareholders is not a condition to the obligations of HomeStreet or Mechanics to complete the merger.

For purposes of this proposal and except where the context otherwise requires, the term “HomeStreet”, “us” and “our” or similar terms shall include any of HomeStreet’s present or future parent or subsidiary corporations as defined in Sections 424(e) or (f) of the Code and any other business venture (including, without limitation, joint venture or limited liability company) in which HomeStreet has a controlling interest, as determined by HomeStreet’s board of directors, and our common stock refers to HomeStreet common stock.

**Recommendation of the HomeStreet Board of Directors**

**HOMESTREET’S BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE HOMESTREET NEW EQUITY INCENTIVE PLAN PROPOSAL.

The following is a summary of the material terms of the 2025 Equity Incentive Plan. The full text of the 2025 Equity Incentive Plan is attached as**

#### Annex D
to this proxy statement/prospectus/consent solicitation statement, and the following summary is qualified in its entirety by reference to the terms of the 2025 Equity Incentive Plan. Shareholders are urged to review the 2025 Equity Incentive Plan before determining how to vote on the HomeStreet new equity incentive plan proposal.

#### Summary of the 2025 Equity Incentive Plan
Purpose . The purpose of the 2025 Equity Incentive Plan is to enable us to remain competitive and innovative in our ability to attract and retain the services of key employees, key contractors, and directors of HomeStreet and our subsidiaries. The 2025 Equity Incentive Plan provides for the granting of incentive stock options, nonqualified stock options, stock appreciation rights (“SARs”), restricted stock, restricted stock units, performance awards, dividend equivalent rights, and other awards, which may be granted singly or in combination, and that may be paid in cash or shares of our common stock as applicable. The 2025 Equity Incentive Plan is expected to provide flexibility to our compensation methods in order to adapt the compensation of our key employees, key contractors, and directors to a changing business environment, after giving due consideration to competitive conditions and the impact of applicable tax laws.

Effective Date and Expiration . The 2025 Equity Incentive Plan was approved by HomeStreet’s board of directors on June 23, 2025, subject to (i) approval by