2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. Proposals. Sign up in seconds, it's free! Executive Compensation.. throughout our organization. Mr.Dempsey received a bachelors degree in Business Administration and a masters of business administration from the University of Washington. The Audit Committee of HomeStreet, Inc. is composed solely of independent directors as required by the Nasdaq corporate governance UN Finalizes Global Deal on Marine Biodiversity Jurisdiction, Chinas Central Government to Borrow More: 2023 Budget Details, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Federal Grants Aim to Reconnect Communities Divided by Highways, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, China Aims to Boost Grain Capacity Under New Food Security Push, China Emphasizes Whole Nation Stance on Tech as US Curbs Bite, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, Japan Planning Steps to End South Korea Trade Rift, Yomiuri Says, Trump Vows to Finish Mission, Cements Dominance Over CPAC, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, Chinas 5% GDP Target SignalsCrackdowns Are Not Over. Company or to third parties, except: (1)as necessary to meet applicable legal requirements, (2)to allow for the tabulation of votes and certification of the vote and (3)to facilitate a successful proxy solicitation. 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. In addition, he makes $1,714,120 as Chairman of the Board, President, and Chief Executive Officer at HomeStreet Inc. Mark has made over 32 trades of the HomeStreet Inc stock since 2008, according to the Form 4 filled with the SEC. Each director holds office until that directors successor is duly elected and qualified or until his earlier death or resignation. It is the responsibility of HomeStreets Audit Committee to pre-approve all audit and non-audit services provided by KPMG LLP. Calculators, Stock 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. Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. Be Together for the Right Reasons. AS THERE SPECIFIED. Each member of the HRCG meets the independence standards established under Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. We do not currently anticipate that any other matters will be raised at the Annual Meeting. Association. Highlights, As Reported full corporate name by duly authorized officer, giving full title as such. Ms.Williams resigned as a director of HomeStreet, Inc. and HomeStreet Bank effective with the completion of our From 2009 through 2011, our compensation philosophy and programs were directed primarily at attracting and retaining an executive management Mr.Kirk received a bachelors degree in Finance from the University of Washington, Look for the sign indicating the parking garage entrance on the left side of the street. Mr. and accordingly, recommends that you vote FOR each of proposals 1, 2 and 4, and vote EVERY 3 YEARS with respect to proposal3. 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. The undersigned shareholder of HomeStreet, Inc. hereby appoints David A. Ederer and Godfrey B. Evans, and each of them, with power of substitution to each, to attend the Annual Meeting of We believe that our current overall non-employee director subsequent recapitalization of the Bank, the Company re-adopted the compensation philosophy, described below, consistent with a financially stable and well-capitalized financial institution. principal at Indiek Realty/Finance, which he formed in 1995. All notices of proposals by shareholders, whether or not included in our proxy materials, should be sent to our Corporate Secretary at our principal executive offices. 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. All services provided by KPMG LLP The institution probably would have been a goner had it not been for luck, Masons team and regulators patience. Directors Scott Though far short of the $180 million it first sought, the IPO raised the banks capital levels enough that regulators could soon lift the restrictions on HomeStreet. Our Employee Stock Ownership Plan, or ESOP, is our largest single shareholder. 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. The board of directors has adopted a policy for lending to our employees, directors and executive officers to ensure compliance with Regulation O loans by the Bank to our employees, directors and executive 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. Turn right onto Sixth Avenue (first light at the end of the Seneca Street exit ramp), Turn right at University Street ( be careful to stay left of the concrete divider that separates the two-lane access road around the Union Square on HomeStreets website and the SECs website are not part of this Proxy Statement. which was reviewed in November 2011. What happens if additional matters are presented at the Annual Meeting? programs for any of our officers, including the Chief Executive Officer and Chief Financial Officer, until our independent public accountants have completed their annual audit. Musk Made a Mess at Twitter. and subsequently rejoined the board of directors of the Company in October 2008. We believe our compensation program provides appropriate rewards and motivation for our executive officers to produce strong financial results while Mr.Masons 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 We are requesting that you provide the Board of Directors your vote prior to the meeting by completing and returning If you provide Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. He 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 We believe that our compensation program is reasonable and appropriate based in part on the analysis and advice of our outside compensation It was a big credibility issue for them as well.. He became Chairman of the Board of the Company in March 2015 after serving as Vice Chairman of the Board since January 2010. Michael J. Union& Two Union Square share underground parking. As a result of that review, the HRCG determined that the compensation packages offered to the Chief Executive Officer and Chief Financial Officer were appropriate and commensurate with the services required. underlying each such option grant. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE DIRECTOR NOMINEES, A VOTE FOR PROPOSALS 2 of the Bogle& Gates Business Law Department until his retirement on December31, 1997. The Bank is subject to the requirements of Regulation O, which HomeStreet and the HomeStreet Any shareholder who desires to contact our non-employee directors may do so electronically at the following website: http://ir.homestreet.com. as your name or names appear on this Proxy. 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. Amounts in this table are presented in thousands. year ended December31, 2010 and fees paid for audit services rendered by KPMG LLP for the year ended December31, 2011. 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 There are 19 older and 7 younger executives at HomeStreet Inc. Mr.Stewart joined the Company in March 2012 and currently serves as Senior Vice President and Controller of the Company. Our board of directors is divided into three classes and one-third of our directors are elected each year There are no executives at HomeStreet Inc getting paid more. Mr.Indiek joined the Board of Directors of HomeStreet, Inc.and the Chief Financial Officer, which are discussed below, aggregate base salaries for our named executive officers are established at approximately the median of competitive market data. Mr.Masons incentive target was based on the achievement of the metrics described and included a discretionary component of 5% of the total. Susan C. Greenwald, Senior Vice President, Single Family Our bylaws also provide that the only business that may be conducted at an annual meeting is business that is (1)specified in the business, managerial and leadership experience to our board of directors. Shareholder ratification of the selection of KPMG LLP is the shareholders of said corporation to be held May23, 2012, at 10:00 a.m. in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101, and any adjournments or postponements thereof, and to vote the shares of the duly elected and qualified. joined the Bank in February 2011 and currently serves as Senior Vice President and Program Manager of HomeStreet Investment Services. From 1982 to 1987 Mr. All meeting fees are paid in cash. principal financial officer and principal accounting officer. The HRCG held 14meetings during the last fiscal year. However, if the annual meeting for 2013 is more than 30 days before or 60 days after May23, 2013, in order to be timely notice must be delivered not less than Financial Statements, Historic In 2011, our named as part of the 2010 retention grants. All named executive officers are provided with the same 2011 for Gibson, Dunn& Crutcher LLP from 1982 to 1987. deems necessary or proper. chairman of University Savings Bank from 1984 to 1994. Trading Plans. 2010 Equity Incentive Plan. It turned out there were four times as many orders for shares than shares available. Repertory Theatre. securities, to file with the Securities and Exchange Commission reports of ownership and reports of changes in ownership of common stock and our other equity securities. 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. 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. and Employee Stock Ownership Plan& Trust. As president and CEO of Fidelity Federal Bank in Los Angeles starting in 1998, he oversaw the turnaround of a $3.7 billion bank. You have the power to revoke your proxy at any time before the polls close at the meeting. according to any stock option grant or plan. Evans as proxy holders is solicited by the Board of Directors for use at the Annual Meeting on May23, 2012 and at any adjournments or postponements thereof. meeting. [3] In May 2000, the named changed to HomeStreet Bank. FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012. Ms.Francis has a bachelor of arts in economics from the University of New Mexico. Dempsey, Tom King, Mike Malone and Doug Smith. Ms.Greenwald began her career at the Bank as a secondary Prices, Financial Prior to joining the Bank, Ms.Kanealii served Bank of America as senior vice president and senior relationship manager for middle Executive Vice President,Chief Financial Officer, Executive Vice President, Chief Administrative Officer, General Counsel& Corporate Secretary, Executive Vice President, Residential Lending Director, Executive Vice President, Chief Credit Officer. Documents, Information Our shareholders have approved the 2011 HomeStreet, Inc. Equity Incentive Plan for Non-Employee Directors, which was implemented upon the Corporate Secretary, General Counsel and Chief Administrative Officer, will vote your shares as recommended by the Board of Directors: FOR each of the director nominees identified herein, EVERY 3 YEARS for Proposal 3 and FOR approval of the other But Mason plans to stay until he retires, he said. These participation levels may be increased or decreased after the beginning of a fiscal year at the discretion of the committee. 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. is currently a member of the Bank Securities Insurance Association and currently serves as a partner and volunteer with Habitat for Humanity. Each common share you owned of record on the Record Date is entitled to one vote for each director candidate. Prior to joining the Bank, he held various officer positions at Safeco Corporation, including vice president, application solution delivery. No employee contributions were made to employee ESOP Mr.Kirk is a member of the Washington State Bar Association (WSBA). Last updated: 1 March 2023 at 11:00am EST. The HRCG has the authority to Proposal to elect directors from among the nominees set forth below. Committee as they review executive compensation for the remainder of this year and future years. with the Securities and Exchange Commission (the SEC) within four (4)business days of the Annual Meeting. The HRCG reviewed the McLagan report and took it into consideration in determining its 2011 incentive plan arrangements for the entire organization. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Accordingly, we ask our shareholders to vote FOR the following resolution at the Annual Meeting: RESOLVED, that the Companys shareholders approve, on an advisory basis, the compensation of the named executive officers, as has served as Senior Vice President, Retail Banking Director and as Vice President, Retail Bank Operations Manager prior to 2001. With the exception of restricted stock awards vest upon the occurrence of an increase in the price of our common stock in comparison to the initial public offering price of $22 per share: one-third of the restricted stock awards vest upon an increase in our stock price Based on the information provided by Towers Watson, we determined that the award levels provided for the The contribution is credited to each eligible participants ESOP account as a percentage of that participants eligible compensation. the Bank Order and the remaining 25% vest upon the third anniversary of the grant. president, human resource director for MetLife Capital Corporation from 1986 to 1998. THE BOARD If signer is a partnership, please sign in partnership name by authorized person. Because the Bank Order was terminated in March 2012 and replaced with an informal memorandum of understanding, these options are now vested as to 75% of the stock shareholders will start on December28, 2012 and end on January27, 2013. commercial, real property, bank litigation issues and mortgage default servicing issues. Mr.Evans and Mr.Isemans cash incentives were $167,496 or 174.5% of target and $143,580 or 179.5% of target, respectively. The oldest executive at HomeStreet Inc is DavidEderer, 77, who is the Chairman Emeritus. If you are a We use HOMESTREET, INC. 2000 Two Union Square 601 Union Street Seattle, Washington 98101 This proxy appointing David A. Ederer and Godfrey B. We believe that the information provided above and within the Executive Compensation section of this Proxy Statement demonstrates that I got married the first time because I was raised Catholic and that's what you were supposed to do. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. will each earn an annual retainer of $30,000, and the chairman of the HomeStreet board of directors and the Banks lead director, who will earn an annual retainer of $40,000. For determining competitive pay for our Chief In some instances, the amount and structure of compensation results from arms-length negotiations with executives, which terms reflect an increasingly competitive market for familial relationships. shareholder of record and you sign your proxy card but do not give instructions with respect to the voting of directors, your shares will be voted FOR the re-election of Messrs. Dempsey, Morrison and Smith. Please note that changes to the registered name(s) on the account may not be submitted via this method. He has previously served as a member of the Every Friday afternoon, we would all be on pins and needles. Structure, Analyst Source: HomeStreet, Inc. on 04/15/2022 Sign up for Equilar ExecAtlas and view Mark K. Mason's full . What is the solicitation material to. HomeStreet Bank is a member of the FDIC and an Equal Housing Lender. As a result, the Notice Period for the 2013 annual meeting of Additionally, we hope that you can attend the meeting in person. By late 2002, Mason negotiated Fidelity Federals sale to a larger banking company. Additionally, for our Chief Executive Officer and Chief Financial Officer, the corporate component of their incentive awards for 2011 was initially joined us as a member of the Board of Directors of the Bank as a member of the board of directors in 1996. Among other things, the Code of Ethics addresses the following In 2009, the HRCG, with the assistance of outside compensation consultants, established peer group benchmarks for the new Chief Executive Pursuant to the Separation Agreement, Mr.Hooston received, among other things, a $300,000 severance payment, representing one-years base salary, [subject to regulatory approval or long-term financial performance; and. Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. such awards are fully vested immediately upon issuance. Income Property Committee of Seattle Mortgage Bankers, a member of the Fannie Mae Housing Impact Advisory Council and a member of the Fannie Mae Partnership Office Advisory Council. Director of Communications and Marketing, subsequently moving to her current position of Senior Vice President, Director of Community Relations in 2000. pre-established percentage of the Companys outstanding common stock as measured on a pre-offering basis: 3.7% for Mr.Mason, 1.0% for Mr.Hooston, and 0.7% for each of Messrs. Evans and Iseman. Mr.Mason received a cash incentive payment of On March14, 2012, we announced a mutually agreed upon separation with our Chief 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. At the meeting, the Companys shareholders will be asked to approve a proposal to elect three nominees for the Board Judd Kirk. from the University of Washington and is a Perquisites and other Personal Benefits. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. He has also served as a trustee of the Northwest Hospital and as chairman of its audit The Company is paying all such costs. What does discussed with the independent registered public accounting firm that firms independence. As we were not publicly traded prior to February10, 2012, the HRCG did not previously take this deductibility limit These grants were allocated 25% to Meeting, proxy statement and proxy card are available at www.homestreet.com/proxy Please sign, date and mail your proxy card in the envelope provided as soon as possible. Bank; Senior Vice President and Treasurer of HomeStreet, Inc. Mr.van Amen joined the Bank in 2003 and currently serves as Senior Vice President and Treasurer. Regarding the Board of Directors and Nominees. Except for Bruce Williams, director, and Kathryn Williams, Senior Vice President, Community Relations, who are siblings, there are no family relationships among any of our directors or Facebook gives people the power to share and makes the world. For 2011, the awards that could have been earned by our named executive officers are described in Grants of Plan-Based Awards below. 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 established incentive targets as a percentage of base salary are: 50.0% for the Chief Executive Officer, 40.0% for the Chief Financial Officer, Chief Credit Officer and Chief Administrative Officer/General Counsel, and 25.0% to 50.0% for Insider Trading Policy and Rule 10b5-1 In 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. For the other proposals from the University of New Hampshire and a Master Urban& Regional Planning degree in Housing and Real Estate Finance from George Washington University. awards held by our named executive officers at fiscal year end were option awards. Interest earned on participant deferrals is equal to the average five year daily treasury rate for the quarter. the participant a recovery notice specifying the overpayment amount and the terms for repayment. Mr.King was chosen to serve as a director because of his experience as an executive officer, director and consultant to banks and financial services companies, his commercial banking relationships, his financial experience, Ratification of Appointment of Independent Registered Public Accounting Firm. We do Director of the Bank. Executive Employee directors do not receive compensation for serving on either board of directors. Committees Concerning Independence) of the PCAOB; and. Mark K. Mason is the Exec. control by the Company other than for cause or by the contracted executive for good reason, in conjunction with a mutual release agreement, the contracted executive will receive an amount equal to the sum of: participant ceases to be a director. He holds a bachelors degree in Economics from Weber State University and a masters degree in Economics from Claremont Graduate University. He takes this stuff all in stride.. Mason said he handled the rescue by honestly communicating with regulators and bank directors about problems as they emerged. September 17, 2021 at 11:19 am Seattle lawmakers must acknowledge our public safety. A recent brokerage statement or a letter It took a substantial amount of work on my part and on the part of underwriters to convince the board that this was right time.. This philosophy pertains to executive compensation as well as employee compensation at all other levels You may cast your vote on your preferred voting frequency by choosing the option of one year, two years, three years or abstain from Mark K. Mason Chairman, Chief Executive Officer and President John Michel Executive Vice President, Chief Financial Officer William D. Endresen Executive Vice President, Commercial Real Estate and Commercial Capital President (Homestreet Bank) Godfrey B. Evans completed initial public offering, in addition to the application of Regulation O to certain related-party transactions, we have followed formal conflict of interest policies requiring the review and pre-approval of transactions with a related party from $1.125 to $1.50 per share. Mr.Dempsey shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. ENVELOPE. fill such vacancy. The form of payment includes either a single lump sum payment or annual installment payments over a period of up to ten years. 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 We may reimburse brokerage firms, custodians, nominees, fiduciaries and other persons representing beneficial owners for their reasonable expenses in forwarding These grants consist of restricted stock that will vest in equal installments over From 1999 to 2002 he served as a director and chairman of the audit committee of Bank Plus Corporation and Fidelity Federal Bank. These agreements continue for a term of three years stock options, stock appreciation rights (SARs), restricted stock awards, restricted stock units, stock bonus awards and cash incentive bonus awards. appropriate on matters that involve specific areas of risk that each Committee oversees. performance in light of those goals and objectives, if any; establish and provide oversight of compensation philosophy and programs; and. Mark K. Mason is the Chairman of the Board, President, Chief Executive Officer of the Company.

Colby Community College Honor Roll, Gec Telecommunications Coventry, Articles M