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 The say-on-pay vote is advisory, and therefore not binding on the Company, the Human Resources and Corporate Governance She holds a bachelors degree in Business Administration, Finance from the were suspended from July 2009 to July 2010, and no employer contributions were made to employee ESOP accounts due to our financial condition during that time period. persons ownership of HomeStreet stock. Our directors, officers and employees may also solicit proxies in person or by other means of communication. Mark K. Mason, Director, Chairman, Chief Executive Officer and President of HomeStreet, Inc. Mr. Mason has been the Company's Chief Executive Officer and HomeStreet Bank's Chairman and Chief Executive Officer since January 2010 and the Chairman of the Company since March 2015. Last updated: 4 January 2023 at 8:15pm EST. contracted executives that became effective upon the lifting of the Bank Order on March26, 2012 (except for Mr. Hoostons agreement, which was superseded by the Separation Agreement. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. 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 This clawback period has a rolling three-year look back. designated executive officers to defer annually all or part of their incentive bonus and to receive an employer contribution equal to the additional employer contributions, if any, that would have been made to the 40l(k) Plan and ESOP based on by | Jun 10, 2022 | high school indoor practice facility cost | route 3 south massachusetts | Jun 10, 2022 | high school indoor practice facility cost | route 3 south massachusetts Northridge. On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. HOMESTREET, INC. 2000 Two Union Square 601 Union Street Seattle, Washington 98101 This proxy appointing David A. Ederer and Godfrey B. 401(k) Savings Asset/Liability Manager and Treasurer of the Bank and the Company from 2003 to 2010. He has also served as a trustee of the Northwest Hospital and as chairman of its audit Institute of Seattle. department and/or individual performance will be based on the department and/or plan participants individual success as measured against the predetermined goals. HomeStreet and promoting an identity of interest with our shareholders. 2010 Retention Grants. As of December31, 2011, Mr.Mason beneficially owned approximately 1.8% of the Companys outstanding common stock and our executive the reserve at lake keowee membership cost the reserve at lake keowee membership cost they will continue to be so impacted for the foreseeable future. University of Washington and is a graduate of the Pacific Coast Banking School. Two wasnt enough. awards for 2011 in April 2012 following the completion of our annual audit. shareholders, we encourage, but do not require, directors to attend. Process For inclusion in HomeStreets proxy materials: Shareholders may present proper proposals for inclusion in HomeStreets A non-binding advisory vote for Mr.Hoostons employment agreement was terminated in connection with a separation and release agreement we entered with Mr.Hooston (the Separation You have to quickly assess the most critical needs, address them and move on.. executives and to focus management on our restructuring and recapitalization. We believe it is critical to HomeStreets success to attract, retain and incentivize highly qualified executives and to promote a On October22, 2010, our Chief Executive Officer received 100,000 options, our Chief Financial Officer received 28,000 options and our Executive Vice President, Chief Administrative Human Resources and Corporate Governance Committee. Certain members of senior management, including the Chief Executive Officer, Chief Human Resources Officer, General Counsel and Risk and Regulatory Oversight Director regularly additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. Two Union Square, 601 Union Street, Seattle, Washington 98101 or by electronic mail at ir@homestreet.com. As a result of that review no adjustment was made to our Chief Executive Officers compensation package. compensation policies and programs include: provide levels of compensation competitive with those offered by our peers and competitors and consistent with our level of performance; attract and retain the most qualified and experienced individuals available to further our success; align the interests of executives and shareholders by linking a significant portion of an executives compensation to HomeStreets short- and recruited from out of state. Amounts in this table are presented in thousands. ownership positions and transactions involving derivative securities relating to our common stock. Mr.Iseman has served as Senior Vice President, Credit Administration and Vice President, Special Assets Group and OREO Group Manager and Income Property Credit Administrator. be indemnified. Executive Compensation below. Signature of Shareholder Date: Signature of Shareholder Date: Note: Please sign exactly Are you Mark K. Mason? We use employment agreements with our named executive officers to retain those key executives and the talent, skills, experience and expertise that Mr.Boggs was selected to serve as a director because of his significant accounting and financial experience, his accounting credentials and degree as required by SEC regulations to furnish us with copies of all Section16(a) forms they file. From 1999 until 2001, he also served as a member of the board of directors of the Company, and rejoined the board of directors of In general, certain performance-based compensation approved by shareholders is not subject to this deduction limit. Any such discretionary matching contribution matches a participants pre-tax 40l(k) Plan contributions at a percentage we determine of the first In addition, each director earns a fee of $1,000 per board meeting, Officer/General Counsel received 20,000 options. To promote these objectives, we developed compensation arrangements for our new executive team, and maintained a general salary freeze in effect from 2009 through 2011 other than for special retention bonuses for certain key It is my distinct pleasure to invite you to attend the 2012 annual meeting of shareholders of HomeStreet, Inc. Look for the sign indicating the parking garage entrance on the left side of the street. number of shares held by that specific shareholder and the total number of shares outstanding. With the exception of the base salaries for our Chief Executive Officer and compensation committee, be sufficient to promote the safety and soundness of the Company and the Bank and, ultimately, to return HomeStreet to profitability, address the regulatory and operational burdens that we faced during that time, and execute appropriate on matters that involve specific areas of risk that each Committee oversees. once every six years, how frequently we should seek a non-binding vote on the compensation of our named executive officers, as disclosed pursuant to the SECs compensation disclosure rules, such as Proposal Two of this Proxy Statement. Cory D. Stewart, Senior Vice President and Controller of HomeStreet, Inc. and Senior Vice President, Finance Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act) our Prior to that, Mr.Stewart spent over seven years from October 2001 to February 2009 in various finance, accounting and enterprise risk management roles at Washington Mutual, Inc. and is a licensed CPA in the state Mr.Schlenker Our Board of Directors has adopted a written charter for the HRCG that satisfies the applicable standards of Nasdaq Corporate Governance The oldest executive at HomeStreet Inc is DavidEderer, 77, who is the Chairman Emeritus. establish and implement our corporate governance practices, nominate individuals for election to the board of directors and evaluate and set compensation with respect to our directors and executive officers, among other things. Mr. Mason is a certified public accountant (inactive) and holds a bachelors degree in business administration with an emphasis in Accounting from California State Polytechnic University. The principles underlying our executive Pursuant to Your vote will not be disclosed either within the Income at a target of $43.3 million (2)reducing non-performing assets to total assets to 5.8% (3)reducing classified assets to total assets to below 9.0% (4)achieving a net interest margin of at least 2.46% and (5)increasing 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. Mr.Battaglias career in both private practice and as in-house Over the last 11 years, insiders at HomeStreet Inc have traded over $7,730,610 worth of HomeStreet Inc stock and bought 377,308 units worth $11,715,403 Proposal to elect directors from among the nominees set forth below. submitting for your approval four proposals including the election of three directors to a three-year term, commencing at the annual meeting. HomeStreet had planned to complete its IPO in early August. Interest earned on participant deferrals and employer contributions under the plan is equal to the average five-year daily treasury rate Ms.Francis has more than seventeen years of cash management sales experience and most recently managed the cash management department of Puget Sound Bank, a Mr. Mason is on the boards of directors of the Pacific Bankers Management Institute (the parent company of the Pacific Coast Banking School) and The Washington Bankers Association, and is an advisory board member of Seattle Universitys Albers School of Business and Economics. Mr.Hoostons cash incentive awards were $481,226 or 160.4% of target and $89,014 or 74.2% of target, respectively. Mr.Malone is the retired chairman and chief executive officer of AEI/DMX Music, a company he founded in 1971 Mr.Malone serves on the Seattle Police Foundation, having been a founding member and past chairman. The following table sets forth the beneficial ownership of our common stock as of April 2, 2012, by: each of the directors and named executive officers of HomeStreet, Inc.; all of our directors and executive officers as a group; and. As part of those grants, our Executive Vice President, Chief Credit Officer received a grant of 4,000 options related to his prior position as Senior Vice President, Credit Administration Manager at an exercise price 2011, McLagan assessed our incentive compensation programs and made recommendations with respect to the Sound Incentive Compensation Policy Final Guidelines as adopted by our regulators effective June 2010 and the guidelines to be implemented under executive officers. Mr.Mason, who was hired in late 2009 based on his skills and experience in implementing turn-around plans at troubled financial institutions, and each committee member earns an additional fee of $500 per committee meeting (other than for telephonic committee meetings less than two hours in duration, for which the fee is $250). HomeStreets executive base salaries are intended to be competitive with our peers. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. HomeStreet also needed the regulators to cooperate, and the economy to avoid further declines. In addition, upon the closing of the Companys Offering, the Company made certain grants of restricted stock to our directors. 2011 The HRCG will determine the amount of any award that was overpaid as a result of inaccurate information and will send Mr. Mason is on the boards of directors of the Pacific Bankers Management Institute (the parent company of the Pacific Coast Banking School) and The Washington Bankers Association and is an advisory board member of Seattle University's Albers School of Business and Economics. At the bottom of the escalators you will see another elevator on your left that will Mark Mason was named Chief Financial Officer of Citigroup, a multinational investment bank and financial services corporation in February 2019. 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. In addition, the post-offering agreements require the Company to As of year-end 2011, the company earned $16.1 million in net income. This report is submitted by the Companys Human Resource and Corporate Governance Committee consisting of Judd Kirk (Chair), Brian Ms.Greenwald joined the Bank in 1984 and currently serves as Senior Vice President, Single Family Lending Operations Director. Shareholder ratification of the selection of KPMG LLP is Mr.Mason in the aggregate amount of $288,885. Bennion, Executive Vice Mr.Ederer was selected to serve as a director because of his experience as a director on public company boards, his experience on board committees, his financial expertise and his Ms.Vincent Such directors, officers and employees will not be Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. Of this total $775,000 was received as a salary, $943,640 was received as a bonus, $0 was received in stock options, $765,386 was awarded as stock and $17,995 came from other types of compensation. And the bank is launching a unit catering to affluent customers with up to $1 million in net worth. 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. As of the record date, 7,162,606.8 shares of our common stock were issued, outstanding and entitled to vote at the Annual Meeting. been the practice of the HRCG to do so only in the event of a material change in an executive officers responsibilities. 61 From 2009 through 2011, our compensation philosophy and programs were directed primarily at attracting and retaining an executive management A copy of the full text of the bylaw provisions discussed above may be obtained by writing to our Corporate Secretary at our principal executive offices or by accessing our filings on the SECs Committee Membership of Directors of HomeStreet, Inc. Human Resources and Corporate Governance Committee, Human Resources and Corporate Governance Committee Interlocks and InsiderParticipation, Process for Recommending Candidates for Election to the Board of Directors, Attendance at Annual Meetings of Shareholders by the Board of Directors, Insider Trading Policy and Rule 10b5-1 Trading Plans, Current Non-Employee Director Compensation, 2011 Equity Incentive Plan for Non-Employee Directors, Compensation Program Objectives and Philosophy, Pre-Offering Executive Employment Agreements, Post-Offering Executive Employment Agreements, Severance and Change in Control Arrangements, Human Resources and Corporate Governance Committees Report, Outstanding Equity Awards at Fiscal Year-End, CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, Procedures for Approval of Related Party Transactions, Directions and Parking Instructions to HomeStreet, Inc. However, all of our executive officers received retention equity grants in 2010 and restricted stock awards and option grants under our On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. offering price; an additional one-third vest upon an increase of 40.0% from the offering price and the remaining one-third vest upon an increase of 50.0% from the offering price. website at www.sec.gov. Our Board has sent you this Proxy Statement and the accompanying proxy card to ask for your vote, as a shareholder of HomeStreet, on certain matters that will be voted on at the Annual Meeting. Prior to his current position with the 4. Ms.Williams has also held leadership roles with a number of community Brian P. Dempsey. Mark K. Mason, Director, Chairman, Chief Executive Officer and President of HomeStreet, Inc. Mr. Mason has been the Companys Chief Executive Officer and HomeStreet Banks Chairman and Chief Executive Officer since January 2010 and the Chairman of the Company since March 2015. Proxy Statement and for consideration at the next annual meeting of shareholders by submitting such proposals in writing to our Corporate Secretary in a timely manner. [11], "Continental, Inc." redirects here. all proxy cards to ensure that all your shares are voted. The 2010 Plan will be administered by shareholder is also deemed to be, as of any date, the beneficial owner of all securities that such shareholder has the right to acquire within 60 days after that date through (1)the exercise of any option, warrant or right, (2)the year to identify their related interests. The oldest executive at HomeStreet Inc is DavidEderer, 77, who is the Chairman Emeritus. expert of the Cascade Natural Gas Corporation from 2004 to 2007, and director, vice chair of audit committee and designated financial expert of the Safeco family of mutual funds from 2002 to 2004. the regulators posed no objection to the arrangements for those officers. 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 Mason said he had to persuade the board to try a third time so soon again. We do not believe that any element of the 2010 Plan encourages excessive or unnecessary risks to HomeStreets assets or reputation. The level of awards was based on an analysis conducted by Towers Watson, an IF you wish to vote for a person other than the nominees identified below, The She holds a bachelors degree in Economics from Southern Oregon College. Non-employee directors of HomeStreet, Inc. and the Bank will each earn an annual retainer of $20,000, other than for committee chairs, who #H1Rewind HomeStreet Bank - HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet partnership Log In Abstentions will be counted for the purpose of The pre-offering agreements also provided for annual incentive payment opportunities of no less than 50.0% of Mr.Masons salary. 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. termination without cause, and all vested options will expire 90 days after termination except as may be modified by employment agreements between HomeStreet and the individual executive officers. Scott M. Boggs. Each common share you owned of record on the Record Date is entitled to one vote for each director candidate. The transaction was expected to be finalized in the first half of 2019. Please note that requests for investor relations materials should be sent to ir@homestreet.com. All management significant financial and nonfinancial risk exposures and the steps management has taken to monitor, control and report such exposures. Materials, Financial The information subsequent recapitalization of the Bank, the Company re-adopted the compensation philosophy, described below, consistent with a financially stable and well-capitalized financial institution. We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). In 2011, we also entered into new employment agreements (the post-offering agreements) with each of the Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. To assist the Audit Committee in its oversight responsibilities, the pre-approval policy identifies the three basic principles of Mr.Dempsey was selected to serve as a director because No employee contributions were made to employee ESOP In 2011, our named The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. Mr.Stewart was previously the director of finance at Volt Information Sciences, Inc. from and chief restructuring officer for Chapeau, Inc. From 2005 to 2008, Mr.Evans served as a practicing attorney and as a project professional for Resources Global Professionals, and from 1987 to 2002, Mr.Evans served as executive vice Seattle Rotary, and the board of directors of the Downtown Seattle Association. Salary increases ordinarily are effective on January1 of each year. Ms.Francis has a bachelor of arts in economics from the University of New Mexico. Financial Statements, Historic Mark Mason (executive) - Wikipedia Mr. Mason was selected to serve as a director because of his position as our CEO and his significant experience as an executive officer, director and consultant to other banks and mortgage companies, his credit and lending experience, finance and accounting education and experience and relationships in the banking industry and the capital markets. 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. Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. specific individuals may vary based on a number of factors, including competing compensation programs available for similar positions, scope of duties, tenure, specialized experience, institutional knowledge and performance. Mr.Morrison was selected to serve as a director of those grants. : Investor Relations, 2000 The percentages reflect beneficial The 2010 As a result, the Notice Period for the 2013 annual meeting of On average, Mark trades about 13,844 units every 126 days since 2007. It means that you may have multiple stock ownership accounts. Nominees Theres a new pressure, of course, as CEO of a publicly traded company. Plan& Trust. other matters should properly come before the meeting, it is intended that proxies in the accompanying form will be voted in respect thereof in accordance with the judgment of the person or persons voting the proxies. These agreements are described in more detail under the heading We eliminated incentive payments on terms and conditions of the loans from our single family loan officer incentive plans. The Annual In particular, the Chief Executive Officer provides recommendations relating to other executive officers; however, after the HRCG reviews and discusses the February 2012. by | Jun 10, 2022 | high school indoor practice facility cost | route 3 south massachusetts | Jun 10, 2022 | high school indoor practice facility cost | route 3 south massachusetts Open KPMG LLP currently serves at the Unless otherwise indicated, we believe that each of the shareholders listed has sole voting and THE BOARD Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. levels. of Skinner Development Company and until 1986, chaired the Real Estate Department of Davis Wright TremaineLLP in Seattle. By late 2002, Mason negotiated Fidelity Federals sale to a larger banking company. Mark Mason is a Chairman & Chief Executive Officer at HomeStreet Bank based in Seattle, Washington. of Directors (the Board) to vote on two non-binding proposals relating to executive compensation, and to ratify the selection of the Companys independent registered public accounting firm of for the year ending December31, members serving in the role of director and one vacant position on the board. Under our present bylaws, directors must comply with all applicable laws and regulations, including any required approvals from our regulators. awards granted effective upon the completion of such offering. Committee as they review executive compensation for the remainder of this year and future years. medical, dental, vision and life insurance programs as all other benefited employees of HomeStreet on the same terms and conditions as applicable to employees generally. Equity Grants Effective at Closing of our Initial Public Offering. Our shareholders have approved the 2011 HomeStreet, Inc. Equity Incentive Plan for Non-Employee Directors, which was implemented upon the Each of these options had an exercise price of $1.50 per share. under the 2010 retention grants. professional degrees and training in business and management. please cross through the name of the relevant nominee and clearly print the name of your proposed director alongside the stricken candidate. HomeStreets management and the HRCG have assessed the risks associated with our compensation policies and practices Over the last 11 years, insiders at HomeStreet Inc have traded over $7,730,610 worth of HomeStreet Inc stock and bought 377,308 units worth $11,715,403 mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. awards total approximately 5.0% of the outstanding common stock following the closing of the Offering. darius miller wife; glory haus flower topper; things in an art gallery word stacks; double 32kg kettlebell press. HomeStreet has an insider trading policy that prohibits, among other things, short sales, hedging of stock In 2010, the HRCG 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 . for the relevant quarter. board of directors and is comprised of Pamela J. Taylor, Richard W.H. The HRCG regularly reviews The Board of Directors is responsible for overseeing the major risks facing the Company while management is responsible for assessing and mitigating the Companys risks on a day-to-day basis. The actual payouts will be calculated as a proportion of minimum, target and maximum performance levels. HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. chairman of University Savings Bank from 1984 to 1994. outside compensation consultant. 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 As Chief Executive Officer at HomeStreet, Inc., Mark K. Mason made $2,502,021 in total compensation. We have entered into indemnification agreements with each of the current and former directors and executive officers of HomeStreet, Inc. Subject to certain limitations, these agreements require us to additional directors prior to the annual meeting of shareholders at which directors are elected. Who is paying Mr.Boggs previously In addition, all of the contracted executives unvested restricted stock and stock options will immediately vest and will remain exercisable Mr Mason is 61, he's been the Exec. The Dodd-Frank Act also enables our shareholders to indicate, at least business unit executive officers. 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. The company was founded as Continental Mortgage and Loan Company in 1921 by W. Walter Williams. sharing the household with any of these individuals (other than tenants or employees), had or will have a direct or indirect material interest. He previously served as chairman. obtained without charge by writing to Investor Relations, HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. The Company is paying all such costs. differenza tra associazione culturale e associazione di promozione sociale.