The Audit Committee Report is included in this Proxy Statement. The meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle incentive ranges are designed to provide market-competitive payouts for the achievement of target and maximum performance goals. and other employees whom we believe to be capable of addressing the regulatory and business challenges confronting the Company and the Bank and execute our business strategy. A base salary is provided to HomeStreet executives to pay for the basic home, Corporate Liked by Courtney Mason Happy to announce that WaFd Bank wins again! Bank through our initial public offering, our Board also approved grants of restricted stock awards and stock options to senior executive officers under our 2010 equity incentive plan, with such grants becoming effective upon the closing of our Godfrey B. Evans, Executive Vice shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. A shareholder of record is a person or entity whose name appears on or in our records as an owner of one or more shares of our common stock as of the close of business on the Record Date. Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! What happens if additional matters are presented at the Annual Meeting? Signature of Shareholder Date: Signature of Shareholder Date: Note: Please sign exactly presented at this meeting, you are entitled to one vote for each common share you owned of record on the Record Date. Director of the Bank. Last updated: 1 March 2023 at 11:00am EST. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. What percentage of stock do the directors and executive officers own? compensation arrangements. oregon farms carrot cake recipe - japshakti.com executive officer and chief lending officer for Bank Plus Corporation and its wholly owned banking subsidiary, Fidelity Federal Bank, where Mr.Mason also served as the chief financial officer from 1994 to 1995 and as chairman of the board of long-term company-wide goals of safety and soundness, increased shareholder value and risk management. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. George Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. FOR AGAINST ABSTAIN. 90 days nor more than 120 days prior to the actual date of the 2013 meeting; provided, that if the notice of such meeting is less than 100 days before the date of such meeting, notice of such proposal must be made not less than 10 days after the you'll be able to: Access over 1,500,000 executive and board member profiles. participant ceases to be a director. membership and parking. While we expect that all of the nominees HomeStreet had a decidedly unlucky path to the capital markets, though. HomeStreet CEO Mark Mason explains why bank's leaving mortgage business The Board is not aware of any business to come before the Annual Meeting other than those matters described in this Proxy Statement. Each member of the HRCG meets the independence standards established under our Chief Executive Officer, whose incentive compensation is tied exclusively to corporate performance, we believe a portion of each executives potential compensation should be tied to individual performance as evaluated by the HRCG and the also the Certain Relationships and Related Transactions section in this Proxy Statement. $240,000 for Mr.Evans and $200,000 for Mr.Iseman. Mutual Funds. Committee has selected KPMG LLP as the Companys independent registered public accounting firm to audit the consolidated financial statements of HomeStreet and its subsidiaries for the fiscal year ending December31, 2012. 2010 Chief Executive Officer and Chief Financial Officer. nominees is contained in the following section. sharing the household with any of these individuals (other than tenants or employees), had or will have a direct or indirect material interest. the reserve at lake keowee membership cost the reserve at lake keowee membership cost You have to quickly assess the most critical needs, address them and move on.. School of Business, and a law degree cum laude from Harvard Law School. million limit on the amount of compensation that a publicly held corporation may deduct in any one year with respect to its chief executive officer and each of the next three most highly compensated executive officers (other than its chief financial In consideration of these and other benefits, Mr.Hooston provided a general release of The largest trade he's ever made was exercising 242,168 units of HomeStreet Inc stock on 28 April 2016 worth over $2,663,848. Mr.Morrison was selected to serve as a director Among other things, the Code of Ethics addresses the following shareholders are entitled to vote, on an advisory or non-binding basis, on the compensation of our named executive officers as disclosed in accordance with the SECs rules in the Executive Compensation section of this Proxy This information is according to proxy statements filed for the 2021 fiscal year. awards total approximately 5.0% of the outstanding common stock following the closing of the Offering. Judd Kirk. Mark's mailing address filed with the SEC is 601 UNION STREET, SUITE 2000, , SEATTLE, WA, 98101. References to the Annual A participant or Upon recommendation of the Directions and Parking Instructions to HomeStreet, Inc. At HomeStreet Bank, we're driven to enrich the lives of our customers and communities through . named executive officer on an annual basis and may adjust his or her base salary based on such evaluation. FOR AGAINST ABSTAIN Brian P. Dempsey Gerhardt Morrison Douglas I. Smith 2. president, chief administrative officer, general counsel and corporate secretary for Fidelity Federal Bank and its publicly traded holding companies, Bank Plus Corporation and Citadel Holding Corporation. Will His AI Plans Be Any Different? Mr.Gregory holds a bachelors degree in Mathematics and All 2010 retention grants will become vested and exercisable immediately upon a change of control of HomeStreet, Inc., as retention grants vest as follows: 25% vested immediately upon grant, 25% vest on the earlier of one year from the date of grant or upon completion of a capital raise, 25% vest on the earlier of two years from the date of grant or upon termination of Based on such review and discussion, the members of the HRCG have recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement. However, we may authorize compensation payments that do not comply with the exemptions in Section162(m) when we believe that such payments are appropriate to All executive officers and directors as a group (29 persons) (10), HomeStreet, Inc. 401(k) Savings and Employee Stock Ownership As part of fulfilling its responsibilities, the Audit Committee has: reviewed and discussed the Companys audit financial statements with management; discussed with the independent registered public accounting firm the matters required to be discussed by Statement on Auditing Standards No. To view Mark K. Mason's complete executive work history, 1100 Marshall Street, Redwood City, CA 94063 | Phone (650) 241-6600 | Fax (650) 701-0993, President, Chief Executive Officer and Director, Former Senior Executive Vice President and Mortgage Lending Director, HomeStreet Bank, Sign up now to view Mark K. Mason's 74 connections . persons ownership of HomeStreet stock. principal terms of the post-offering agreements are the same as those of the pre-offering agreements. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Mr.Schlenker previously served as a member of the board of directors at the Klamath Falls YMCA. Mr.Ederer is a certified public accountant (inactive) and managed consulting, accounting and auditing services for Price Waterhouse from 1965 to 1974. Mr.Kirk served as president of Port Blakely Communities, Inc. from 1997 to 2007 and as its Chief Executive Officer from 2007 to 2008. This plan was adopted to further reduce expenses and preserve capital. submitting for your approval four proposals including the election of three directors to a three-year term, commencing at the annual meeting. . defined below) and who was a shareholder at the time of such notice and as of the record date. Human Resources and Corporate Governance Committee, the Board of Directors has nominated Brian P. Dempsey, Gerhardt Morrison and Douglas I. Smith for re-election as Class I directors. In 2000, he was promoted to president and chief operating executive officer and director of the Bank of Southern California from 1994 to 1996, and president, chief executive officer and director of CapitolBank Sacramento from 1992 to 1994. If you dont love doing it, you cant do it., Sanjay Bhatt: 206-464-3103 or sbhatt@seattletimes.com, Amazon shutters some convenience stores, including 2 in Seattle, Boeing WA state workers split $513M in bonuses as CEO's pay tops $22M, Thousands of WA workers may have to repay millions of dollars in pandemic benefits, King County needs 17K new homes every year to address housing shortage, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs. In 1999, we adopted a plan to permit directors to defer all or a portion of their fees received for services as a director that would character, judgment, diversity, age, independence, background, skills, expertise, corporate experience, length of service, other commitments and the like, personal references, and an indication of the candidates willingness to serve. Wallmine is a radically better financial terminal. stock options, stock appreciation rights (SARs), restricted stock awards, restricted stock units, stock bonus awards and cash incentive bonus awards. He is a former Director of Primerica, Inc. (NYSEL PRI) Mr. Mason resides in New Jersey with his wife and two children. The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. Executive Officer in November 2011, we considered survey-based information aggregating compensation statistics for similarly situated institutions as well as compensation information for Chief Executive Officers from institutions in our peer More specifically: In order to address the impact of the economic downturn, in the fall of 2009 the Bank hired a new Chief Executive Officer and Chief Financial Officer additional directors prior to the annual meeting of shareholders at which directors are elected. Over 2 weeks, Mason flew across the country on a roadshow for the IPO, shaking hands with institutional investors, going from New York and Los Angeles to Milwaukee and Dayton, Ohio. As a result, 75% of the options granted to Mr.Hooston pursuant to the 2010 retention grants were vested and exercisable upon his termination. Mr.Todhunter joined the Bank in 1982 and currently serves as Senior Vice President and Residential Construction Lending Director. However, if any Hilton Hotel, Windward Room, located at 1301 Sixth Avenue. Mr.Dempsey previously served as vice chairman of the Bank from 1996 to 2001. Ms.Kanealii joined the Bank in 2002 as Senior Vice President and Business Banking Director. will be included in the beneficial ownership of the holder of such option, and the percentage ownership for that holder will be calculated by adding the aggregate number of options exercisable within 60days of April2, 2012 to both the From 1998 to 2002, Mr. Mason was president, chief executive officer and chief lending officer for Bank Plus Corporation and its wholly owned banking subsidiary, Fidelity Federal Bank, where Mr. Mason also served as the chief financial officer from 1994 to 1995 and as chairman of the board of directors from 1998 to 2002. Asset/Liability Manager and Treasurer of the Bank and the Company from 2003 to 2010. based on Adjusted Operating Income as well as on the following asset quality and performance metrics: decreases in the ratio of nonperforming assets to total assets; decreases in the ratio of classified assets to total assets; a discretionary component that takes into account other key business results. Nominees Directors has two standing committees: an Audit Committee and the Human Resources and Corporate Governance Committee. employment arrangements and director compensation required to be disclosed in our Proxy Statements, certain charitable contributions, transactions where all shareholders receive a proportional benefit and transaction entered into through a The form of payment includes either a single lump-sum payment or annual installment payments over a period of years, but not more than ten years. officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the other related disclosure.. If the signer is a corporation, please sign In establishing the specific metrics for the Management/Support Plan, the HRCG focuses, among other things, on mitigating the possibility that such metrics will encourage participants to incur excessive or unnecessary risk. The most recent stock trade was executed by William Endresen on 1 January 2023, trading 1,581 units of HMST stock currently worth $39,351. Shareholder recommendations for candidates to the Board of Directors must be directed in writing to HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101, Attention: General Counsel, and must include the Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. The HRCG reviewed the McLagan report and took it into consideration in determining its 2011 incentive plan arrangements for the entire organization. officers, received incentive awards to be paid in cash in 2012 based on attainment of specified goals that are intended to align the interests of employees with the interests of the Company. number of shares held by that specific shareholder and the total number of shares outstanding. according to any stock option grant or plan. of his significant experience as an executive officer and director of several financial institutions, his experience as a director on several public company boards, his experience on board committees and his professional degrees and training in confront the Company and the Bank, as well as implementing our turn-around and go-forward business plans. familial relationships. From 1982 to 1987 Mr. We urge you to complete, sign and date your proxy card and promptly return it in the postage-paid envelope provided. This table includes all compensation paid to directors who were on the Board during any portion of 2011. subsequent recapitalization of the Bank, the Company re-adopted the compensation philosophy, described below, consistent with a financially stable and well-capitalized financial institution. The following is a summary of certain key points of our 2011 executive compensation Jay C. Iseman, Executive Vice President and Chief Credit Officer of HomeStreet, Inc. and of Washington and a CFA charterholder since 2002. Our Human Resources and Corporate Governance Committee, or HRCG, which acts as our compensation committee, hired Towers Watson, an independent third-party compensation consultant, to review and advise HRCG in connection with such disclosed in the table above represent awards granted under the Management/Support Plan for 2011 which were paid on April 15, 2012. deems necessary or proper. From 1998 to 2002, Mr. Mason was president, chief executive officer and chief lending officer for Bank Plus Corporation and its wholly owned banking subsidiary, Fidelity Federal Bank, where Mr. Mason also served as the chief financial officer from 1994 to 1995 and as chairman of the board of directors from 1998 to 2002. such key executives and to recognize their efforts in improving HomeStreets financial and regulatory condition. NOTE: We will not be validating Hilton parking. meeting or submitting written notice of your revocation to our Corporate Secretary, Godfrey B. Evans, at our mailing address on the cover page of this Proxy Statement, or b) voting in person at the meeting. undersigned at such meeting with respect to the election of directors of HomeStreet, Inc., for a term ending at the annual meeting of shareholders in 2015 or upon the due election and qualification of successors, in each case at any time, and for The HRCGs Committee Report is included in this Proxy events based upon an increase in the price of our common stock in comparison to the price at which the initial public offering was consummated: one-third of the restricted stock awards vest upon an increase in our stock price of 25.0% from the Mr.Masons He has been a member of the Fannie Mae Western Business Center Advisory Board since 2004, Chair of the Housing Partnership, a nonprofit organization, from 2001 to 2007 and a member of the University of Washington Milgard School of Business Advisory cause or by the executive with good reason (in each case, as defined in their respective agreement) and payment of severance on a termination in connection with a change in control. claims against the Company and its affiliates. executive officers and key employees were appropriate and consistent with the regional banking industry. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. It changed its name to Continental Savings Bank in 1986. Share story By Sanjay Bhatt Seattle Times business reporter In. In addition, Section304 of the Sarbanes-Oxley Act of 2002 provides a basis to recover incentive awards in certain circumstances. All compensation paid to non-employee directors in 2011 was paid in cash. President, Residential Construction Lending Director of the Bank. It turned out there were four times as many orders for shares than shares available. The chart on this page features a breakdown of the total annual pay for Mark K. Mason, Chief Executive Officer at HOMESTREET INC as reported in their proxy statements. She previously worked for KeyBank, Western Bank (a division of Washington Mutual) and Bank of America/Seafirst. Please note that changes to the registered name(s) on the account may not be submitted via this method. HomeStreet Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Based on the information provided by Towers Watson, we determined that the award levels provided for the department in 2011, we believe that our compensation policies and practices do not encourage excessive risk-taking and are not reasonably likely to have a material adverse effect on HomeStreet. Mr.Malone was selected to serve as a director because of his experience as a public company director and committee member and his business experience and training. candidate, which review may, in the HRCGs discretion, include interviewing references for the candidate, direct interviews with the candidate, requesting additional information to be shared with our regulators or other actions that the HRCG February 2012. If you are unable to attend the meeting and vote in person, please submit a proxy as soon as possible, so that your shares can be voted at the meeting in accordance with your instructions. to April 2008. A majority of the Mr.Williams has served as a member of the The following table sets forth the amount of each of these grants made to the named executive officers: Executive Vice President,Chief Financial Officer, Executive Vice President,Chief Administrative Officer,General Counsel& Corporate days prior to the one year anniversary of the date on which we mailed our proxy materials to shareholders in connection with the previous years annual meeting of shareholders. Williams previously served on the Visiting Committee of the University of Washington Daniel J. Evans School of Public Affairs, Chair of the Washington Financial League, on the Boards of Directors of the Mortgage Bankers Association of America, the our executive compensation program was designed appropriately and is working to align the interests of our management team with the interests of our shareholders to support long-term value creation. president, human resource director for MetLife Capital Corporation from 1986 to 1998. from the record holder of your shares is an example of proof of ownership. initial public offering in February 2012. forward stock split that was effective March6, 2012); the remaining 25.0% were granted as restricted stock awards. conversion of a security, (3)the power to revoke a trust, discretionary account or similar arrangement or (4)the automatic termination of a trust, discretionary account or similar arrangement. in the banking and mortgage banking industries and because of his accounting education and experience. The remaining named executives received cash income. Mr.Bennion is the past director of the Homebuilders Association of Tacoma-Pierce County, the past director and president of Puget Sound Mortgage Lenders Association and Washington Mortgage Lenders Association. they provide to HomeStreet with a goal of protecting the Company and the shareholders and providing the stability and skilled leadership we need in our current environment. The Audit Committee of HomeStreet, Inc. is composed solely of independent directors as required by the Nasdaq corporate governance FBR Capital Markets, HomeStreets underwriter, presold two-thirds of the shares and offered to buy $5 million worth of the banks stock more than it was being paid for the IPO. Our Board of Directors recommends a triennial vote as the most appropriate alternative for the Company as it will allow our Victor H. Indiek. Beginning in 2009, we imposed a general freeze on salary increases and in 2009, 2010 and 2011 we also suspended contributions to the Employee Stock Where can I find the results of the Annual Meeting? Pamela J. Taylor, Senior Vice President, Human Resources Director of the Bank. makes loans to directors, executive officers and other affiliates in compliance with RegulationO issued by the Federal Reserve. Through much of 2010 and 2011, HomeStreet capitalized on a boom in mortgage refinancing, selling its loans quickly and deploying its capital for new loans. Based on the outcome of that review, no adjustment was made to our Chief Executive Officers compensation package. duly elected and qualified. Mr. Mason brings extensive business, managerial and leadership experience to our Board. The The Audit Committee reviews and discusses with President, General Counsel, Chief Administrative Officer and Corporate Secretary of HomeStreet, Inc. and the Bank.
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