Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 44

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 44
---
 did not address the underlying business decision of HomeStreet to engage in the merger or enter into the merger agreement or constitute a recommendation to the HomeStreet board of directors in connection with the merger, and it does not constitute a recommendation to any HomeStreet shareholder or any shareholder of any other entity as to how to vote or act in connection with the merger or any other matter, nor does it constitute a recommendation as to whether or not any such shareholder should enter into a voting, shareholders’, affiliates’ or other agreement with respect to the merger or exercise any dissenters’ or appraisal rights that may be available to such shareholder. For more information, see the section entitled “ The Merger—Opinion of HomeStreet’s Financial Advisor” and Annex Eto this proxy statement/prospectus/consent solicitation statement. Interests of HomeStreet Directors and Executive Officers in the Merger (page 153) In considering the recommendation of the HomeStreet board of directors to vote “FOR” the HomeStreet articles amendment proposal, “FOR” the HomeStreet share issuance proposal, “FOR” the HomeStreet merger-related compensation proposal, “FOR” the HomeStreet new equity incentive plan proposal and “FOR” the HomeStreet adjournment proposal, holders of HomeStreet common stock should be aware that the directors and executive officers of HomeStreet may have interests in the merger that are different from, or in addition to, the interests of holders of HomeStreet common stock generally. These interests include, among others, the following:

| • | at the effective time, each outstanding HomeStreet RSU will remain outstanding and be continued subject to the same terms and conditions (including vesting terms and terms with respect to dividend equivalents) as applied immediately prior to the effective time; |

| • | at the effective time, any vesting conditions applicable to each outstanding HomeStreet PSU, whether vested or unvested, will automatically accelerate, and each such HomeStreet PSU will be cancelled and entitle the holder to receive (1) a number of shares of Class A common stock equal to the number of shares of HomeStreet common stock (immediately prior to the effective time), subject to such HomeStreet PSU based on target performance plus (2) an amount in cash equal to the amount of all dividends, if any, accrued but unpaid as of the effective time with respect to such HomeStreet PSU based on target performance; |

| • | HomeStreet, Mechanics and Mark K. Mason have entered into the consulting agreement, which will commence on the first day following the effective time of