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Participants in the ESOP mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. of the Washington Savings League. If your shares are held in street name, you will need proof of ownership to be admitted to the Annual Meeting. The banks chief financial officer, part of the turnaround team, recently announced his departure. 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. 2007 as Chief Information Officer. home building and land development industries. What happens if additional matters are presented at the Annual Meeting? 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 If you are the beneficial owner of shares held by a broker in street name, your broker, as the record holder of the shares, is required to vote the shares in accordance with your instructions. ABOVE BY SIGNING AND RETURNING THE ATTACHED PROXY TO THE COMPANY. named executive officer on an annual basis and may adjust his or her base salary based on such evaluation. Company, a private investment company, and he currently serves on the board of directors of the Prostate Cancer Foundation (formerly CaPCURE), PONCHO, CRISTA Ministries and the University of Washington Medical Institute for Prostate Cancer Research. In addition, we granted nonqualified stock options, which we refer to as the 2010 retention grants, to certain senior Pamela J. Taylor, Senior Vice President, Human Resources Director of the Bank. Coronavirus Tips Working and Protection. We believe that our compensation program is reasonable and appropriate based in part on the analysis and advice of our outside compensation [2] It changed its name to Continental Savings Bank in 1986. Section162(m) places a $1.0 Mr.Smith has been elected to serve as a director because of his experience in the residential construction lending area as well as his experience in the 2020 HomeStreet, Inc. All Rights Reserved. Urban Land Institute (CDC Council), American College of Real Estate Lawyers, and the Pacific Real Estate Institute. Shareholders section elsewhere in this Proxy Statement. We generally do not pay bonuses under any of our incentive 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. The proposals scheduled to be voted on at the Annual Meeting are: The election of the three Class I directors listed in this Proxy Statement to serve for a term of three years or until their respective successors are the Cascade Land Conservancy Advisory Board. David A. Ederer, Director and Chairman of the Board. A majority of our directors satisfy the definition of independent director under the corporate governance We also believe the compensation paid to our We believe our compensation program provides appropriate rewards and motivation for our executive officers to produce strong financial results while officers that exceed $500,000 in aggregate require the approval of the Banks board of directors. The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington change would be in the best interests of the Company and its shareholders. tables and the other related disclosure., THE BOARD OF Its always better to be lucky than smart and unlucky, said Anderson. Darrell van Amen, Senior Vice President, Asset/Liability Manager, Treasurer of the Finance and Marketing from the American Graduate School of International Management. You have the power to revoke your proxy at any time before the polls close at the meeting. View the executive profile of Mark K. Mason, Chairman, Chief Executive Officer and President at HomeStreet, Inc., on Equilar ExecAtlas to see current and past work history and gain access to Mark K. Mason's network of 74 business contacts. bachelors degree from the University of Washington. levels. What percentage of stock do the directors and executive officers own? business unit executive officers. Shareholder ratification of the selection of KPMG LLP is All proxy statements are public filings made available to the general public by the SEC. We granted awards of 161,446 shares to Mr.Mason, 45,206 Are you Mark K. Mason? DIRECTORS RECOMMENDS A VOTE FOR THE ADVISORY (NON-BINDING). THE BOARD OF DIRECTORS RECOMMENDS A Additional copies of the Annual Report on Form 10-K may be Northridge. 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. 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 HRCG has considered the potential future effects of Section162(m) of the Internal Revenue Code on the compensation paid to certain of our executive officers. in each of the last two fiscal years were pre-approved by the Audit Committee. disclosed in the Companys Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation Employee directors do not receive compensation for serving on either board of directors. Biographical information about each of the oversee and make decisions regarding executive management salaries, incentive compensation, long-term compensation plans and equity plans for our In setting the base salaries for our Chief Executive Officer and Chief (Continued and to be signed on the reverse side.) IDENTIFY executive and board member connections in Mark K. Mason's network. and Employee Stock Ownership Plan& Trust. Every Friday afternoon, we would all be on pins and needles. Statement. Bennion, Executive Vice delivered written notice to our Corporate Secretary within the Notice Period (as defined below) and who was a shareholder at the time of such notice and as of the record date. 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 We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). The turnaround, said Mason, was so all consuming. the Company, providing fair compensation to employees and attracting and retaining management and other employees whom we believe to be capable of addressing the regulatory and business challenges that have confronted and, in most cases, continue to He is a former member of the King County Strategic A. copy of this charter is available on our website at http://ir.homestreet.com. Mr.Williams has served as a member of the Mr.King, joined the board of directors of the Bank in 2010 and became a director of HomeStreet, Inc. following the closing of our initial public offering in February 2012. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. A copy of our code of ethics (Code of Ethics) is available on our website at http://ir.homestreet.com. Without a quorum, no business may be transacted at the Annual Meeting. Jay C. Iseman, Executive Vice President and Chief Credit Officer of HomeStreet, Inc. and 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 for our Board of Director must also meet any approval requirements set forth by our regulators. Join Facebook to connect with Mark Mason and others you may know. What is the The HRCGs criteria and process for evaluating and identifying the candidates that it recommends to the full Board of Directors for selection as director nominees are as follows: In its evaluation of director candidates, including the members of the Board of Directors eligible for re-election, the HRCG seeks to achieve a balance the following is a description of each transaction since January1, 2008, and each proposed transaction in which: the amount involved exceeds or will exceed $120,000; and. From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. KPMG. take you up to the Hilton Lobby. 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. determining the presence or absence of a quorum for the transaction of business. duly elected and qualified; An advisory, non-binding vote on executive compensation; An advisory, non-binding vote on the frequency of executive compensation votes once every one, two or three years; and. Our named executive officers as a group received base salaries aggregating $1,543,000 in 2011, and perquisites similar to those received by additional grants of restricted stock awards and stock options awards, which awards were conditioned upon the successful completion of our initial public offering. 401(k) Savings 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. To assist the Audit Committee in its oversight responsibilities, the pre-approval policy identifies the three basic principles of All Because the Company did not have a registered class of securities in fiscal year 2011, no Section16 reports were due during that year. No equity grants were made in 2011 to any of our named executive officers. In addition, all of the contracted executives unvested restricted stock and stock options will immediately vest and will remain exercisable During the year ended December31, 2011, the Board of Directors held 22 meetings. The Company is paying all such costs. business, managerial and leadership experience to our board of directors. initial public offering in February 2012. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. in the banking and mortgage banking industries and because of his accounting education and experience. Officer and Chief Financial Officer positions. 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 meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle or other nominee who holds your shares. We also intend to enter into indemnification agreements with our future directors and executive officers. 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 Assistance. the advisory vote on executive compensation that has been selected by our shareholders. Each common share you owned of record on the Record Date is entitled to one vote for each director candidate. Mr. Bennions incentive target was three She is a member of both the regional and national chapters of the Association for Financial member of its board of directors and in 2005 also became a member of the board of directors of HomeStreet, Inc. Mr.Ederer was elected chairman of that board in 2009. NOTE: We will not be validating Hilton parking. 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. You may also find the annual proxy statement by going directly to the company's website. appointment, compensation and oversight of the audit work of the independent registered public accounting firm. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. Mr.Ederer received a bachelors degree as your name or names appear on this Proxy. logo are registered trademarks of HomeStreet, Inc. equal Generally, we have instituted compensation practices intended to meet our complementary goals of preserving the Banks safety and soundness, assuring the survival and success of Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. 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 Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. The Annual President, Residential Construction Lending Director of the Bank. Inc. following the closing of our initial public offering in February 2012. Don't ever be with someone because someone else pressured you to. of Phoenix. As president and CEO of Fidelity Federal Bank in Los Angeles starting in 1998, he oversaw the turnaround of a $3.7 billion bank. The EW Partners peer group included a slightly different list of institutions from the peer group used in 2009, and was made up of the following banks: Currently, the compensation package for our named executive officers is comprised of base salary, an annual short-term cash incentive Washington 98101. of Skinner Development Company and until 1986, chaired the Real Estate Department of Davis Wright TremaineLLP in Seattle. Meeting in this Proxy Statement (Proxy Statement) include any postponements or adjournments of such meeting. Mr.Williams holds a bachelors degree in History from Stanford University and a law degree from the We are still in discussions with KPMG LLP regarding the final amount of fees to be paid for such services for the The HRCG reviewed the McLagan report and took it into consideration in determining its 2011 incentive plan arrangements for the entire organization. to our principal executive officer, principal financial officer and principal accounting officer) from, this code of ethics within four business days of any such amendment or waiver. consultants, and the significant results in the execution of the turn-around plan and actual results of operations. These grants were allocated 25% to We may reimburse brokerage firms, custodians, nominees, fiduciaries and other persons representing beneficial owners for their reasonable expenses in forwarding Participation. ANNUAL MEETING OF SHAREHOLDERS OF HOMESTREET, INC. May23, 2012 NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL: The Notice of Will His AI Plans Be Any Different? Douglas I. Smith. He This table includes all compensation paid to directors who were on the Board during any portion of 2011. Liked by Courtney Mason Happy to announce that WaFd Bank wins again! See Thorough reviews have been conducted to assure this data accurately reflects disclosures. #H1Rewind HomeStreet Bank - HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet partnership Log In Split Information, Officers Last updated: 4 January 2023 at 8:15pm EST. 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). Hilton Hotel, Windward Room, located at 1301 Sixth Avenue. including the named executive officers. 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. 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. Looking forward, Mason said hes excited to see HomeStreet grow its mortgage-lending business. AND 4 AND A VOTE 3 YEARS ON PROPOSAL 3. Trading Plans. Policy, Homeowner place until the lifting of a Cease and Desist Order that had been imposed on the Bank by the Federal Deposit Insurance Corporation and Washington Department of Financial Institutions, which we refer to as the Bank Order. The Bank Order Please refer to the questions and answers section commencing on page2 of the Proxy Statement and the instructions on the proxy card. Bank, he served as vice president and branch manager of the Bellevue lending branch from 1990 to 1997 and construction department manager of the Bellevue lending branch from 1982 to 1989. 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 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. Ms.Greenwald began her career at the Bank as a secondary Mason joined Citigroup in 2001 and has held a number of executive positions at the firm, including Chief Financial Officer of Citi's Institutional Clients Group, Chief Executive Officer of Citi Private Bank, Chief Executive Officer of Citi Holdings, and Chief Financial Officer and Head of Strategy and M&A for Citi's Global Wealth Management HomeStreet scooped up business as the nations biggest lenders pulled back on new mortgages to limit their exposure, said Trepp analyst Matthew Anderson. rules as to both compensation and nominating committee requirements. Who can help answer any other questions I may have? The Bank is the directed trustee for our common stock owned by the Plan. [10], On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic. You may NOT cumulate votes relating to the election of directors. Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. Subsequently, confront the Company and the Bank, as well as implementing our turn-around and go-forward business plans. This vote is not intended to address any because of his significant financial and legal experience, business, accounting and legal degrees, and significant relationships in the business and legal communities in Seattle. Darrell S. Van Amen 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. Your vote will not be disclosed either within the Our compensation philosophy and programs have been directly impacted by the economic downturn that began in late 2007. 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. Lemon joined the Bank in 1985 and since 2001 This philosophy pertains to executive compensation as well as employee compensation at all other levels incentive plan in order to increase performance and to achieve annual goals. As discussed above, in 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. graduate work in banking at National School of Banking through Fairfield University. Theres a new pressure, of course, as CEO of a publicly traded company. Administrative Officer. Patricia A. Leach, Executive Vice President of Home Street, Inc.; Executive Vice President and Income Property Lending Lending Operations Director of HomeStreet Bank. Please bring your Union Square garage entrance ticket to the meeting and we will be happy to validate your parking before you awards for 2011 in April 2012 following the completion of our annual audit. Ms.Williams resigned as a director of HomeStreet, Inc. and HomeStreet Bank effective with the completion of our Take the Seneca Street exit, (exit 165), on the left side of the freeway. 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 Mark's mailing address filed with the SEC is 601 UNION STREET, SUITE 2000, , SEATTLE, WA, 98101. The stock options vest ratably in thirds over each of the first three anniversaries of the completion of the offering, while the obtained without charge by writing to Investor Relations, HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. 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. Mr.Dempsey Companys outstanding shares, have been calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the Exchange Act) as reflected in the beneficial ownership table shown in the Principal THE BOARD credit and lending experience, finance and accounting education and experience, distressed institution turnaround experience and relationships in the banking industry and the capital markets. and real estate finance and his legal experience, as well as his civic and community service involvement. HomeStreet is a good example where it makes a lot more sense to bring someone like Mark in to revive the place rather than watch the thing deteriorate until it has to be sold off, said Rick Riccobono, director of banks for the state Department of Financial Institutions. Directors Scott Regulatory Oversight Director. member of the Washington State and Federal Bar Associations. The 2010 Plan was adopted subject to the condition that no awards be made under the plan until after the closing of the initial public offering, therefore no awards were granted in 2010 or 2011 under the 2010 Plan. We have therefore adopted compensation policies that we believe reward executives for achieving and maintaining short- and long-term performance that builds shareholder value. Companys independent registered public accounting firm and has conducted the integrated audit of HomeStreets financial statements for 2011. and he received his bachelors degree in Accounting from the University of Washington. Idaho or Hawaii. The chairman of HomeStreet received a one-time grant of Sign up Already have an account? Perquisites and other Personal Benefits. inaccurate financial information was used in setting that award or if the recipients activities posed risk to the Company. 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. shareholders. your broker, your broker will leave your shares unvoted on this matter. $240,000 for Mr.Evans and $200,000 for Mr.Iseman. Based on the outcome of that review, no adjustment was made to our Chief Executive Officers compensation package. Most recently Mr.Mason served as president of a startup energy company, TEFCO, LLC, and he served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank, and The Bjurman Barry Family of The following table shows the compensation paid to our non-employee directors for 2011. Victor H. Indiek. 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 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. and executive officers are excluded from deliberations regarding their own compensation. A quorum refers to the number of shares that must be represented at a meeting in order to lawfully conduct business. From 2008 until joining HomeStreet, Mr.Evans was the managing director of the bankruptcy and restructuring practice group at Marshall& Stevens. Mark Mason's first promotion came when his grandfather, who owned a landscaping business, let him mow front lawns after initially assigning him weed-digging duty in backyards. George A discussion of the qualifications, attributes and skills of each nominee that led our Board of Directors and the Human Resources and Corporate Governance Committee to the conclusion that he should Mr. Mason. The Audit Committee Report is included in this Proxy Statement. 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 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

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