Be Together for the Right Reasons. Although HomeStreet does not have a formal policy regarding attendance by members of the Board of Directors at our annual meeting of We use employment agreements with our named executive officers to retain those key executives and the talent, skills, experience and expertise that Management Director of the Bank. With regard to candidates who are properly recommended by shareholders or by other means, the HRCG will review the qualifications of any such The Chief Executive Officer and Chief Financial Officer received cash incentive awards in 2011 based on attaining the following corporate objectives and metrics: (1)achieving Adjusted Operating turnaround plan, including reducing troubled assets, improving the Banks performance and raising the additional capital necessary to recapitalize the Bank and the Company through our initial public offering. [4] Its current headquarters are in Seattle, Washington. Health and Welfare Benefits. AND 4 AND A VOTE 3 YEARS ON PROPOSAL 3. as part of the 2010 retention grants. Pursuant to the attached Proxy Statement. 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 Williams worked as an attorney at Perkins Coie LLP in Seattle. 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 The HRCG will determine the amount of any award that was overpaid as a result of inaccurate information and will send Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Regulation O generally defines a principal shareholder as a person that directly Please note that requests for investor relations materials should be sent to ir@homestreet.com. IDENTIFY executive and board member connections in Mark K. Mason's network. The following table presents fees billed for professional audit services and other services rendered to HomeStreet by KPMG LLP for the These factors include compensation surveys, the officers level of experience and responsibilities, parity of positions with similar responsibilities and the officers performance. impact on the compensation packages for those individuals and resulted in a higher than median base salary in comparison to executives at comparable but healthy institutions. Mr. The In the event that this selection All incentive compensation plans are approved by the HRCG as required by regulatory guidelines. incentive ranges are designed to provide market-competitive payouts for the achievement of target and maximum performance goals. It turned out there were four times as many orders for shares than shares available. directed trustee votes the shares of our common stock as a bloc, as directed by the Plan fiduciary. Thorough reviews have been conducted to assure this data accurately reflects disclosures. He is a former member of the King County Strategic HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii.The company was founded as Continental Mortgage and Loan Company in 1921 by W. Walter Williams. take you up to the Hilton Lobby. components: 20% corporate performance based on operating income at a target of $43.3 million, 60% business unit performance based on single family loan production and profit and 20% individual performance. George shareholder of record, you are invited to attend and are entitled to and requested to vote on the proposals set forth in this Proxy Statement. As Chief Executive Officer at HomeStreet, Inc., Mark K. Mason made $2,502,021 in total compensation. Mr.Bennions cash incentive was The meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle Additionally, for our Chief Executive Officer and Chief Financial Officer, the corporate component of their incentive awards for 2011 was Upon recommendation of the 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 All or any of the three previous years or has had any relationships or participated in any related party transactions that qualify as interlocking or cross-board memberships that are required to be disclosed under the rules of the SEC. plan, equity opportunity awards, a 401(k) plan, health and welfare benefits plan and perquisites. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. References to the Annual 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. executive and his dependents for up to 18 months. The HRCG oversees management of risks relating to the Companys compensation plans and programs. Highlights, As Reported duly elected and qualified. Please refer to the questions and answers section commencing on page2 of the Proxy Statement and the instructions on the proxy card. By late 2002, Mason negotiated Fidelity Federals sale to a larger banking company. defined in the 2010 retention grant agreements. In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan (the Management/Support Plan) which applies to certain eligible employees, 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. She holds a senior All proxy statements are public filings made available to the general public by the SEC. voting when you vote in response to the resolution set forth below: RESOLVED, that the option of once every one year, executive officers during fiscal 2011 was competitive with those offered by our peers and competitors and consistent with our level of performance while being commensurate with the roles those executives played in implementing the Companys The Companys Human Resources and Corporate Governance committee, or HRCG, acts as both our nominating and corporate governance committee and our compensation committee. All shareholders of record of HomeStreet common stock at the close of business on April2, 2012 (the Record Date) are entitled to notice Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. OUR BOARD RECOMMENDS THAT SHAREHOLDERS VOTE TO APPROVE THE NOMINEES LISTED Financial Statements, Historic Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act) our 61 OF KPMGLLP AS HOMESTREETS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM audit and non-audit services to be performed by KPMG LLP with subsequent reporting and oversight required by the Audit Committee. Prior to joining the Bank, Ms.Kanealii served Bank of America as senior vice president and senior relationship manager for middle This information is according to proxy statements filed for the 2021 fiscal year. participants eligible compensation if certain IRS limitations on compensation and benefits did not apply. nonobjection] and accelerated vesting of 25% of stock options previously granted to Mr.Hooston under the Companys 2010 retention grant program. independence with respect to services provided by the independent registered public accounting firm, as well as the non-audit services the independent registered public accounting firm is prohibited from providing. Ms.Vincent joined the Bank in 1987 and currently serves as Senior Vice President, Risk and named executive officer on an annual basis and may adjust his or her base salary based on such evaluation. Chairman, Chief Executive Officer and President needed in our current environment. 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. . 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 Companys Adjusted Operating Income as calculated for We intend to announce preliminary voting results at the Annual Meeting and will publish final results in a Current Report on Form 8-K, which we will file Claim your profile, Chairman, Chief Executive Officer and President. president, human resource director for MetLife Capital Corporation from 1986 to 1998. This clawback period has a rolling three-year look back. 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. Director of the Bank. The information shown here is a reporting of information included in the company's proxy statement. tables and the other related disclosure., THE BOARD OF The Audit Adjusted Operating Income at a target of $43.3 million. THE BOARD As a result of that review no adjustment was made to our Chief Executive Officers compensation package. Mr.Malone holds a Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. underlying each such option grant. If a shareholder who has notified the Company of his or her intention We do not currently anticipate that any other matters will be raised at the Annual Meeting. Executive Compensation below. Mr.Gregory holds a bachelors degree in Mathematics and Mr. Mason owns over 6,435 units of HomeStreet Inc stock worth over $4,479,503 and over the last 15 years he sold HMST stock worth over $610,266. Change in Control Arrangements. you'll be able to: Access over 1,500,000 executive and board member profiles. Mark Mason Chairman of the Board and Chief Executive Officer at HomeStreet Bank Seattle, Washington, United States 299 followers 245 connections Join to view profile HomeStreet Bank. our peers as well as internal parity. times (in the case of the other contracted executives) the greater of his annual incentive payment earned by the executive in the year prior to termination or the contracted executives target incentive payment for the current year and Payment of Filing Fee (Check the appropriate box): Fee computed on table below per Exchange Act Rules 14a-6(i)(l) and 0-11. the Bank. meeting. approximately one-third of our total number of directors to be elected annually, an arrangement commonly known as a staggered board. If you wish to give specific instructions with respect to the voting of directors, you may do so by indicating your instructions on your proxy card. However, whether or not a Insider Trading Policy and Rule 10b5-1 In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive determining the criteria for membership to the Board of Directors and recommending candidates for election to the Board of Directors. Ownership, Proxy Still, he said he knew the odds in late 2009 were poor for the banks survival if it bet only on revamping its operations. Section16(a) of the Securities Exchange Act of 1934, as amended, requires our executive officers and directors, and persons who own more than ten percent of a registered class of our equity HomeStreet Bank CEO Mark Mason is leading the bank's retreat from the mortgage banking business. complex from the freeway on-ramp). president and chief executive officer, chief credit officer and director of San Diego Community Bank from 2001 to 2006. 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 We are requesting that you provide the Board of Directors your vote prior to the meeting by completing and returning David A. Ederer, Director and Chairman of the Board. regulators on February25, 2009. People are worried about the taint of another unsuccessful offer on the companys reputation, he said. I got married the first time because I was raised Catholic and that's what you were supposed to do. retirement on or after age 65 or (5)the participants termination of employment. We urge you to complete, sign and date your proxy card and promptly return it in the postage-paid envelope provided. Trend Analysis As CFO at CITIGROUP INC, Mark Mason made $13,362,258 in total compensation. This includes temporary housing and travel expenses for Messrs. Mason, Hooston and Evans, as well as relocation and gross-up expense for Mr.Mason. our Board of Directors to establish by resolution the authorized number of directors, and twelve members are currently authorized, although at present we have only eleven members. facilitate an orderly Annual Meeting, we request that you provide the Board of Directors your vote prior to the Annual Meeting by completing and returning the enclosed proxy card as soon as possible. nominations for the election of directors may be made (1)by or at the direction of the Board of Directors, or (2)by a shareholder who has delivered written notice to HomeStreets Corporate Secretary within the Notice Period (as In February 2012. For more information on the partnership, visit: https://www.ho. Seventh Avenue runs under the Union Square buildings and the garage entrance is mid-block on the right side of the street. the specific instructions set forth in the enclosed proxy card. During 2011, Directors David Ederer, Brian Dempsey, Janet Westling and Bruce Williams served on the Companys Audit Committee. 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 The change would be in the best interests of the Company and its shareholders. THE BOARD 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. When shares are held jointly, each holder should sign. Nominees for Class I Directors Terms Expire 2015. All compensation paid to non-employee directors in 2011 was paid in cash. FOR AGAINST ABSTAIN. Please contact our investor relations department by calling 206-264-4200, by writing to HomeStreet, Inc., attn. Policy, Homeowner He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. He sold the credit-card operations that had pushed the bank to the brink. There are no executives at HomeStreet Inc getting paid more. discussed with the independent registered public accounting firm that firms independence. 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. This table includes all compensation paid to directors who were on the Board during any portion of 2011. executive officers were granted incentive awards that the company paid in cash on April15, 2012 based solely on the terms of the Management/Support Plan described above. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. oregon farms carrot cake recipec'est dans les moments difficiles citationc'est dans les moments difficiles citation Hear from HomeStreet CEO Mark Mason as he talks about the Miss HomeStreet partnership in 2017. Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. This Proxy Statement is first being sent to the shareholders of the Company on or about April27, 2012, and is accompanied by a proxy card that is being solicited by the Company for use at the Annual Meeting. Interest earned on participant deferrals and employer contributions under the plan is equal to the average five-year daily treasury rate THE BOARD OF DIRECTORS RECOMMENDS A vote. She holds a bachelors degree in Economics from Southern Oregon College. On average, Mark trades about 13,844 units every 126 days since 2007. deems necessary or proper. candidates name, home and business contact information, detailed biographical data and qualifications, information regarding any relationships between the candidate and HomeStreet within the last three years and evidence of the nominating The plan In performing their oversight responsibilities, the Board and Audit Committee periodically discuss with management the Companys policies with respect to risk assessment and risk management. Company is the trustee for all Plan assets except our common stock. Section162(m) places a $1.0 independent compensation consultant. Executive officers in attendance may provide their insights and suggestions, but only independent committee members may vote on decisions regarding executive compensation, specific item of compensation or any specific named executive officer, but rather the overall compensation of all of our named executive officers and our compensation philosophy, policies and practices that are described in this Proxy Statement. Bruce W. Williams. restricted stock awards and 75% to stock options; the stock options vest ratably on the first, second and third anniversaries of the completion of the initial public offering while the restricted stock grants vest upon the occurrence of certain Based on the outcome of that review, no adjustment was made to our Chief Executive Officers compensation package. 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. Mr.Morrison received a bachelors degree in Business Administration and Accounting from the University of Washington and a law degree from Stanford Law School. and Employee Stock Ownership Plan& Trust. 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 Plus, the states economy has improved rapidly. Last updated: 4 January 2023 at 8:15pm EST. Even if the selection is ratified, the Audit Committee in its discretion may direct the appointment of a different accounting firm at any time during the year if the Audit Committee determines that such a This plan reserves for issuance awards of up to 84,000shares of our common stock in order to provide for compensation to directors for one-half of the annual board compensation as described above. manager of commercial special assets with Bank of America between 2008 and 2009 and as vice president and client manager with Bank of America from 2000 to 2007. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. 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 corporation (the Company or HomeStreet) will be held at 10:00 a.m., local time, on May23, 2012, in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101. As a Darrell van Amen, Senior Vice President, Asset/Liability Manager, Treasurer of the 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. forward stock split that was effective March6, 2012); the remaining 25.0% were granted as restricted stock awards. The 2010 Plan allows for a range of equity grants, including stock options, restricted stock or restricted stock units, stock bonuses or and the diversion of corporate opportunities, the contracted executives agreements also contain a six-month non-competition agreement which restricts certain competitive acts on behalf of another bank or thrift located in Washington, Oregon, He spent the next five years as a consultant to banks and mortgage lenders.
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