Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 196

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 196
---
 pre-emptive rights as long as it holds at least 4.9% of the aggregate outstanding capital stock and other classes of equity securities of Mechanics, (iii) provided certain tag-along rights and subject to certain drag-along obligations in connection with transfers of Mechanics common stock by the Ford Entities and (iv) subject to certain transfer restrictions. In addition, Mechanics has agreed to generally create a class of non-voting equity interests that are not “voting securities” under the BHC Act for issuance and sale to Rabobank in connection with issuances of equity if Rabobank validly exercises its pre-emptive rights.

Further, Mechanics, the Ford Entities and Rabobank each have agreed to, and agreed to cause their respective affiliates to, cooperate with each other with respect to certain bank regulatory matters and operational requirements and to use reasonable best efforts to comply with certain regulatory requirements. As long as the Rabobank Parties beneficially own, in the aggregate, at least 4.9% of the outstanding capital stock and other classes of equity securities of Mechanics, the Rabobank Parties will have the right to appoint one observer to the Mechanics board of directors, and from and after such time as the Rabobank Parties acquire additional shares of Mechanics voting common stock such that they beneficially own, in the aggregate 9.9% or more of Mechanics voting common stock, the Rabobank Parties will have the right to appoint one director to the Mechanics board of directors (subject to the Mechanics board of directors’ reasonable approval).

The shareholders agreement will terminate (i) upon the mutual written agreement of each of the parties thereto and (ii) in the case of the Rabobank Parties, when the Rabobank Parties no longer beneficially own any outstanding capital stock or other class of equity securities of Mechanics. Pursuant to the registration rights agreement, Mechanics, the Ford Entities and Rabobank have agreed that immediately prior to effective time the shareholders agreement will terminate.

<div align='center'>123</div>

TABLE OF CONTENTS

MANAGEMENT FOLLOWING THE MERGER Executive Officers and Directors of the Combined Company The combined company’s board of directors will initially be fixed at eight members, consisting of seven directors designated by Mechanics and one director of HomeStreet that is selected by Mechanics prior to the effective time. The following table sets forth the name, age as of July 1, 2025 and position of each of the individuals who are expected to serve as executive officers and directors of the combined company.

| Name