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. Officer and Chief Financial Officer positions. independence. and reducing overall credit risk and nonperforming assets. These latest grants are intended to allow these executive officers to continue to maintain the right to own a significant stake in the All meeting fees are paid in cash. 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. Mason said he had to persuade the board to try a third time so soon again. All The information 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 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. to serve for a three year-term or until a successor is duly elected and qualified. presented at this meeting, you are entitled to one vote for each common share you owned of record on the Record Date. Mr.Boggs joined the Bank in 2006 as a member of the board of directors and became a director of HomeStreet, marketing assistant and has served in a number of lending-related management roles. In May 2011, to provide additional compensation incentives and reward certain key executives who have played an important role in recapitalizing the Newly created directorships resulting from any increase in the authorized number of directors or any vacancies in the board of directors may be filled solely by the affirmative vote of a three directors standing for election to our Board are nominees for election with terms to expire in 2015. 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. We granted awards of 161,446 shares to Mr.Mason, 45,206 approximately one-third of our total number of directors to be elected annually, an arrangement commonly known as a staggered board. core deposits by at least 3.0%. The numbers represented in the table above reflect a 2-for-1 forward split of our common stock effective on March6, 2012. 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. capacity will count and tabulate the votes. shareholders. Amounts 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. Exchange Act). 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Washington 98101. Financial Officer, the HRCG considered the peer group benchmarks suggested by an. The HRCG periodically solicits advice from outside compensation consultants on its compensation policies and practices. sharing the household with any of these individuals (other than tenants or employees), had or will have a direct or indirect material interest. Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. additional directors prior to the annual meeting of shareholders at which directors are elected. The option of one year, two years or three years that receives the highest number of votes cast by shareholders will be the frequency for HomeStreet Bank is a member of the FDIC and an Equal Housing Lender. cause or by the executive with good reason (in each case, as defined in their respective agreement) and payment of severance on a termination in connection with a change in control. Open We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall Our Board recommends that you vote your shares: FOR the three nominees as director (Proposal 1), FOR the approval, by non-binding vote, of executive compensation (Proposal 2). There are no executives at HomeStreet Inc getting paid more. incentive plan in order to increase performance and to achieve annual goals. Mr.Dempsey 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. home, Corporate What is the voting requirement to approve each of the proposals? importance of Mr.Mason to our recapitalization and turnaround plans. served as a trustee and chair of the audit committee and budget and investments committee of the Financial Executives Research Foundation from 2002 to 2008, as director, chair of the pension committee and audit committee and designated financial financial expertise with respect to audit committee members. In particular, the Chief Executive Officer provides recommendations relating to other executive officers; however, after the HRCG reviews and discusses the Mr.Battaglias career in both private practice and as in-house All services rendered by and fees paid to KPMG LLP are reported to and monitored quarterly by the Audit Committee. HomeStreet and the HomeStreet Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. Coronavirus Tips Working and Protection. Try to find parking in the WEST section of the garage, near the One Union Square elevator on any level. Musk Made a Mess at Twitter. independent compensation consultant. Prior to joining Port Blakely Communities, he served as president proposals 1, 2, and 4 and for the 3 years option of proposal 3 on the frequency of executive compensation votes, as indicated on the reverse side of this page, with all powers that the undersigned would have if acting in person; and with The remaining named executives received cash No employee contributions were made to employee ESOP Interest earned on participant deferrals is equal to the average five year daily treasury rate for the quarter. He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. Management Director of the Bank. 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 Permissible services, not pre-approved pursuant to this policy, require specific review and approval prior to the 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 most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. Bank upon the closing of our initial public offering in February 2012. 401(k) Savings As the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc, the total compensation of Mark Mason at HomeStreet Inc is $1,714,120. 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. A shareholder of record is a person or entity whose name appears on or in our records as an owner of one or more shares of our common stock as of the close of business on the Record Date. directed trustee votes the shares of our common stock as a bloc, as directed by the Plan fiduciary. Lemon joined the Bank in 1985 and since 2001 #H1Rewind HomeStreet Bank - HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet partnership Log In On average, Mark trades about 13,844 units every 126 days since 2007. Our Board of Directors and our Human Resources and Corporate Governance Committee value the opinions of our shareholders and to the extent there is any A non-binding advisory vote for The HRCG has the authority to The say-on-pay vote is advisory, and therefore not binding on the Company, the Human Resources and Corporate Governance Rose Marie David Senior Executive Vice President of HomeStreet Bank and Mortgage Lending Director of HomeStreet Bank Ms. Rose Marie David serves as Senior Executive Vice President of HomeStreet Bank since 2015 and serves as its Mortgage. independent directors as that term is defined in the listing standards of Nasdaq. 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 The notice must contain specified information about the matters to be public offering in February 2012, excluding any shares issued under restricted stock. Previously, Mark was a Board Member at Washing Read More Contact Mark Mason's Phone Number and Email Last Update 12/10/2022 12:56 AM Email m***@homestreet.com Engage via Email Contact Number (206) ***-**** Engage via Phone Mobile Number Actual compensation in a given year will vary from the target compensation levels based primarily on the attainment of operating goals, the Financial. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. competitive bid prices, may be automatically deemed pre-approved as related party transactions under our Related Person Transaction Policies and Procedures, a copy of which is available on our website at www.homestreet.com. If your shares are held in street name, you will need proof of ownership to be admitted to the Annual Meeting. This report is submitted by the Companys Human Resource and Corporate Governance Committee consisting of Judd Kirk (Chair), Brian retain the discretion to adjust awards should an employees activities expose HomeStreet to excessive or inappropriate risk. You may NOT cumulate votes relating to the election of directors. About Us. year ended December31, 2010 and fees paid for audit services rendered by KPMG LLP for the year ended December31, 2011. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 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. The level of awards was based on an analysis conducted by Towers Watson, an Our Board of Directors has adopted a written charter for the HRCG that satisfies the applicable standards of Nasdaq Corporate Governance On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. . Mr.Stewart joined the Company in March 2012 and currently serves as Senior Vice President and Controller of the Company. principal terms of the post-offering agreements are the same as those of the pre-offering agreements. 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. You may also find the annual proxy statement by going directly to the company's website. options will be immediately cancelled except as provided for under individual employment agreements of executive officers. Mr.Kirk is a member of the Washington State Bar Association (WSBA). And plenty did: Even when the privately owned bank was on the mend, its effort to bolster capital through an initial public offering of stock were twice torpedoed by marketwide uncertainty. Mr.Indiek was also involved in the formation of Vice President, General Counsel, Date, Time, Place and Purpose of HomeStreets Annual Meeting, Questions and Answers about the Proxy Materials and Annual Meeting, Proposal 2: Non-Binding Vote on Executive Compensation, Proposal 3: Non-Binding Vote on Frequency, Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm, Pre-Approval of Audit and Non-Audit Services, Compliance with Section16(a) of the Exchange Act. principal at Indiek Realty/Finance, which he formed in 1995. Its always better to be lucky than smart and unlucky, said Anderson. We evaluate each implemented compensation practices consistent with our complementary goals of preserving the Banks safety and soundness, assuring the survival and success of HomeStreet, fairly compensating employees, and attracting and retaining management the regulators posed no objection to the arrangements for those officers. Mr.Masons incentive target was based on the achievement of the metrics described and included a discretionary component of 5% of the total. Please bring your Union Square garage entrance ticket to the meeting and we will be happy to validate your parking before you Ms.Greenwald has also served as a director and treasurer of Common Ground and a legislative and legal affairs committee member of Seattle Mortgage Bankers Non-employee directors of HomeStreet, Inc. and the Bank will each earn an annual retainer of $20,000, other than for committee chairs, who 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. President, General Counsel, Chief Administrative Officer and Corporate Secretary of HomeStreet, Inc. and the Bank. Participants in the ESOP The company was founded as Continental Mortgage and Loan Company in 1921 by W. Walter Williams. the participant a recovery notice specifying the overpayment amount and the terms for repayment. separately for their services as directors. The equity compensation awards targeted ownership potential of a Following the closing of our initial public offering in February 2012 and the [6][7] In 2012, in order to satisfy regulatory capital requirements, it raised $89 million in an IPO, ending four generations of control by the Williams family. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Mr.Mason, who was hired in late 2009 based on his skills and experience in implementing turn-around plans at troubled financial institutions, Please mark, sign and return 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. The unique circumstances presented by the Banks financial condition and the market downturn had a direct These participation levels may be increased or decreased after the beginning of a fiscal year at the discretion of the committee. on HomeStreets website and the SECs website are not part of this Proxy Statement. He Mr.Evans and Mr.Isemans cash incentives were $167,496 or 174.5% of target and $143,580 or 179.5% of target, respectively. 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. appropriate on matters that involve specific areas of risk that each Committee oversees. Nominees However, the Board of Directors is submitting the selection of KPMG LLP to our shareholders for ratification as a matter of good corporate practice. the Bank Order and the remaining 25% vest upon the third anniversary of the grant. rules as to both compensation and nominating committee requirements. There are 19 older and 7 younger executives at HomeStreet Inc. 2003 to 2008. the specific instructions set forth in the enclosed proxy card. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. In 2009, the HRCG, with the assistance of outside compensation consultants, established peer group benchmarks for the new Chief Executive or indirectly, or acting through or in concert with one or more other persons, owns, controls or has the power to vote more than 10% of any class of voting shares. We adopted a broad-based, non-discretionary severance plan following approval by our Calculators, Stock your broker, your broker will leave your shares unvoted on this matter. employment arrangements and director compensation required to be disclosed in our Proxy Statements, certain charitable contributions, transactions where all shareholders receive a proportional benefit and transaction entered into through a Mr.Mason in the aggregate amount of $288,885. 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, Mr.Mason brings extensive The institution probably would have been a goner had it not been for luck, Masons team and regulators patience. of knowledge, experience and capability on the Board of Directors and considers (1)the current size and composition of the Board of Directors and the needs of the Board of Directors and the respective committees of the Board of Directors, Mason said he handled the rescue by honestly communicating with regulators and bank directors about problems as they emerged. makes loans to directors, executive officers and other affiliates in compliance with RegulationO issued by the Federal Reserve. 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. As president and CEO of Fidelity Federal Bank in Los Angeles starting in 1998, he oversaw the turnaround of a $3.7 billion bank. However, our Board of Directors approved grants of stock options and restricted stock awards to our executive officers and senior managers in 2011 that were granted effective upon the closing of our initial public offering in February 2012. He has been a project manager at Quantum Partners since 2007 where he manages FDIC receiverships, including the disposition of the assets of failed banks. 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. The 2010 Plan will be administered by in connection with the closing of our initial public offering in February 2012 that were subject to vesting based on increases in our stock price above the initial public offering price, but to date the HRCG has not made any other awards conditioned This proposal, commonly known as a say-on-pay proposal, gives our shareholders the opportunity to express their views on our named executive officers compensation as a whole. Mr.Boggs started his career as a certified public accountant with Deloitte, Haskins& Sells from 1977 to 1985, consultants, and the significant results in the execution of the turn-around plan and actual results of operations. Based on the information provided by Towers Watson, we determined that the award levels provided for the Mr.Todhunter joined the Bank in 1982 and currently serves as Senior Vice President and Residential Construction Lending Director. Mr.Kirk was selected to serve as a director because of his business and management experience, his real estate development experience, his knowledge of real estate officer and then to chief executive officer in 2002, a position that he held until January 2010. We have implemented certain compensation practices to He is a former member of the King County Strategic However, if you hold your shares in street name (in the name of a bank or some other nominee), you not required by our bylaws or other applicable legal requirements. 2011 In setting the base salaries for our Chief Executive Officer and Chief events based upon an increase in the price of our common stock in comparison to the price at which the initial public offering was consummated: one-third of the restricted stock awards vest upon an increase in our stock price of 25.0% from the A quorum refers to the number of shares that must be represented at a meeting in order to lawfully conduct business. the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Board is not aware of any business to come before the Annual Meeting other than those matters described in this Proxy Statement. member of the Washington State and Federal Bar Associations. More specifically: In order to address the impact of the economic downturn, in the fall of 2009 the Bank hired a new Chief Executive Officer and Chief Financial Officer All executive officers and directors as a group (29 persons) (10), HomeStreet, Inc. 401(k) Savings and Employee Stock Ownership Each member of the HRCG meets the independence standards established under (3)payment of health insurance premiums for. ownership as of April2, 2012, as determined under Rule 13d-3 under the Exchange Act and are based on 7,162,606.8 shares of our common stock outstanding as of that date. The first set of agreements, which we refer to in this Proxy Statement as the pre-offering agreements, were in effect from May 2011 until the lifting of the Bank cease and desist order in March 2012, at which point those agreements were 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. Victor H. Indiek. Hilton Hotel, Windward Room, located at 1301 Sixth Avenue. compliance framework. President, Residential Construction Lending Director of the Bank. HomeStreet has an insider trading policy that prohibits, among other things, short sales, hedging of stock Don't ever be with someone because someone else pressured you to. Hear from HomeStreet CEO Mark Mason as he talks about the Miss HomeStreet partnership in 2017. AND 4 AND A VOTE 3 YEARS ON PROPOSAL 3. 1. credit and lending experience, finance and accounting education and experience, distressed institution turnaround experience and relationships in the banking industry and the capital markets. We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). 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. Mr.Dempsey was selected to serve as a director because Because the Company did not have a registered class of securities in fiscal year 2011, no Section16 reports were due during that year. Ratification of Appointment of Independent Registered Public Accounting Firm. Prior to this, Mr.Evans served as interim general counsel 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 (2)such factors as issues of character, integrity, judgment, diversity of experience, independence, area of expertise, corporate experience, length of service, potential conflicts of interest, other commitments and the like, and (3)such The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. The Management/Support Plan design incorporates a tiered approach with annual incentive awards linked to the achievement of pre-defined corporate, department and individual performance goals. salaries of each named executive officer. Michael J. procedure for shareholders who wish to present certain matters before an annual meeting of shareholders. He recently joined a golf club, too, and has plans for a family vacation. Mark Mason is on Facebook. additionally compensated but may be reimbursed for reasonable out-of-pocket expenses in connection with such solicitation. In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan (the Management/Support Plan) which applies to certain eligible employees, Proposals. In addition to the compensation arrangements with directors and executive officers described in Executive Compensation above, Mr. Mason. [10], On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic. HOMESTREET INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. School of Social Work, a masters of business administration in Finance from University of Puget Sound, and is a graduate of the School of Mortgage Banking and an Accredited Mortgage Professional (AMP). Mr.Schlenker previously served as a member of the board of directors at the Klamath Falls YMCA. Other than as set forth in this section, the investment power with respect to their beneficially owned shares of our common stock. If any other matters are properly presented for consideration at the Annual Meeting, including, among other things, consideration of a motion to adjourn the Annual Meeting to another time or place
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