HomeStreet supplements merger proxy after shareholder lawsuits; meeting Aug 21

Mechanics Bancorp

Shareholder complaints filed alleging insufficient disclosures in merger proxy statement; HomeStreet denies merits but voluntarily supplements.
Supplemental disclosures update KBW's discount model analyses with adjusted forecast periods and terminal value assumptions.
Balance sheet estimates: Mechanics $16.8B assets, $1.573B TCE; HomeStreet $7.679B assets, $397M TCE as of Sept 30, 2025.
Shareholder meeting remains scheduled for August 21, 2025; board continues unanimous recommendation to vote FOR all proposals.
Nancy D. Pellegrino agreed to serve as legacy HomeStreet director on combined company board per Merger Agreement.

item 8.01

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