Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 5

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 5
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| • | the issuance of new HomeStreet common stock required in connection with the merger, which will represent (i) more than 20% of the shares of existing HomeStreet common stock outstanding immediately prior to the merger and (ii) a change of control pursuant to applicable exchange listing rules (the “share issuance,” and such proposal, the “HomeStreet share issuance proposal”); |

| • | the amendment of HomeStreet’s articles of incorporation, in the form attached asAnnex Bto the proxy statement/prospectus/consent solicitation statement, required in connection with the merger agreement, to, among other things (i) change the name of HomeStreet from “HomeStreet, Inc.” to “Mechanics Bancorp”, (ii) increase the number of authorized shares of HomeStreet common stock from 160,000,000 to 1,900,000,000 and HomeStreet preferred stock from 10,000 to 120,000 and (iii) authorize the issuance of two (2) classes of HomeStreet common stock, 1,897,500,000 shares of which will be designated Class A common stock, no par value, and 2,500,000 shares of which will be designated Class B common stock, no par value (the “HomeStreet articles amendment proposal”); |

| • | the adoption of the HomeStreet 2025 Equity Incentive Plan (the “HomeStreet new equity incentive plan proposal”); |

| • | on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to the named executive officers of HomeStreet in connection with the transactions contemplated by the merger agreement, which we refer to as the “HomeStreet merger-related compensation proposal”; and |

| • | if there are insufficient votes at the time of the HomeStreet special meeting to approve the HomeStreet share issuance proposal or the HomeStreet articles amendment proposal, a proposal to adjourn the special meeting to solicit additional proxies (the “HomeStreet adjournment proposal”). |

Each of HomeStreet’s and Mechanics’ respective board of directors has unanimously approved the merger agreement and the transactions contemplated thereby, including the merger. Additional information about merger agreement and the transactions contemplated thereby, including the merger, is contained in the accompanying proxy statement/prospectus/consent solicitation statement. In particular, see the section entitled “ Risk Factors” beginning on page 29. We urge you to read the accompanying proxy statement/prospectus/consent solicitation statement carefully and in its