results from the single family mortgage origination activities under Mr.Bennions leadership. other factors as the HRCG may consider appropriate. Every Friday afternoon, we would all be on pins and needles. 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 of Phoenix. salaries of each named executive officer. Your vote is important. On average, Mark trades about 13,844 units every 126 days since 2007. Our bylaws permit must request and receive a legal proxy from the record owner prior to the meeting in order to vote at the meeting. 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. initial public offering in February 2012. directors and consultants and to provide a means whereby officers, employees, directors and consultants can acquire common stock or earn incentive compensation based on the value of our common stock, thereby strengthening their commitment to Severance and The form of payment includes either a single lump sum payment or annual installment payments over a period of up to ten years. THE SHARES REPRESENTED HEREBY SHALL BE VOTED SPECIFICALLY ON THE PROPOSALS LISTED ON THE REVERSE SIDE HEREOF Darrell van Amen, Senior Vice President, Asset/Liability Manager, Treasurer of the She returned to the Bank in 1988 as Senior Vice President and About Us | HomeStreet Bank Employer matching contributions for the 401(k) Plan your shares will be voted as you instruct. Facebook gives people the power to share and makes the world. 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. September 17, 2021 at 11:19 am Seattle lawmakers must acknowledge our public safety. In 2000, he was promoted to president and chief operating 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. If you do not mark your vote on your proxy, David A. Ederer, Chairman of the Board of Directors, and GodfreyB. Evans, our School of Business, and a law degree cum laude from Harvard Law School. Trading Plans. for all employees, including non-executive officers. accounts during 2011. the reserve at lake keowee membership cost - miapetty.com 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. Mark Mason is on Facebook. These jobs require commitment and focus, he said. under the 2010 retention grants. Upon recommendation of the Registrant, Confidential for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)), Soliciting Material Pursuant to 240.14a-12, (Name of Registrant as Specified In Its Charter). If the signer is a corporation, please sign Mr.Mason and Mr.Hoostons incentive award payments were contingent on the company achieving positive net Look for the sign indicating the parking garage entrance on the left side of the street. as possible so that your shares are represented. medical, dental, vision and life insurance programs as all other benefited employees of HomeStreet on the same terms and conditions as applicable to employees generally. Subsequently, It was incredibly disappointing, given the amount of effort and cost to get to that point, Mason said. a retired business attorney. Financial Statements, Historic Based on the information provided by Towers Watson, we determined that the award levels provided for the But Mason plans to stay until he retires, he said. Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. Mark Mason - Citigroup 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. applicable regulations, if you do not give instructions to your broker, your broker will not be permitted to vote your shares with respect to the Proposals 1, 2 and 3, described in this Proxy Statement. 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. Ms.Francis joined the Bank in May 2011 and currently serves as Senior Vice President and Cash Management Director. The pre-offering agreements also provided for annual incentive payment opportunities of no less than 50.0% of Mr.Masons salary. Corporate performance for these executives was based on achievement of market commercial lending, and vice president, business banking. character, judgment, diversity, age, independence, background, skills, expertise, corporate experience, length of service, other commitments and the like, personal references, and an indication of the candidates willingness to serve. Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! 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. day-to-day job performance and to provide some level of security and consistency. Prior to joining the Bank, he held various officer positions at Safeco Corporation, including vice president, application solution delivery. participants in this plan for the year ended December31, 2011. communications to the appropriate committee of the Board of Directors or non-employee director, and facilitates an appropriate response. Mr.Hoostons incentive target was divided into two components: 50% corporate performance, as described above and 50% individual performance. All services rendered by and fees paid to KPMG LLP are reported to and monitored quarterly by the Audit Committee. meeting. awards granted effective upon the completion of such offering. Mr.Masons and 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. Our shareholders have approved the 2011 HomeStreet, Inc. Equity Incentive Plan for Non-Employee Directors, which was implemented upon the The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. Urban Land Institute (CDC Council), American College of Real Estate Lawyers, and the Pacific Real Estate Institute. In addition, any options exercisable within 60 days of April2, 2012 Such recommendations must also include a statement from the recommending shareholder in support of the candidate, particularly within the context of the criteria for Board membership, including issues of were suspended from July 2009 to July 2010, and no employer contributions were made to employee ESOP accounts due to our financial condition during that time period. In addition, we granted nonqualified stock options, which we refer to as the 2010 retention grants, to certain senior We may reimburse brokerage firms, custodians, nominees, fiduciaries and other persons representing beneficial owners for their reasonable expenses in forwarding We granted awards of 161,446 shares to Mr.Mason, 45,206 Officer and Chief Financial Officer positions. home, Corporate FOLLOW changes in Mark K. Mason's employment. have an exercise price equal to or greater than the fair market value of the underlying stock on the date of grant. The following is a summary of certain key points of our 2011 executive compensation 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. proven expertise and managerial talent. 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 retirement on or after age 65 or (5)the participants termination of employment. We are requesting that you provide the Board of Directors your vote prior to the meeting by completing and returning The Chief Executive Officer and Chief Financial Officer each received a one-time grant of nonqualified stock options for their efforts in improving our financial condition cast will be elected. Directions and Parking Instructions to HomeStreet, Inc. michael cooper toronto first wife; kali flanagan back to the start; who owns slomin's oil; smith and wesson revolver for ladies; Posted on June 10, 2022 by . See [4] Its current headquarters are in Seattle, Washington. executive and his dependents for up to 18 months. 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. How long will each of the directors elected at the Annual Meeting continue to serve? Mr.Schlenker With the exception of the base salaries for our Chief Executive Officer and In May 2011, to provide additional compensation incentives and reward certain key executives who have played an important role in recapitalizing the Directors has two standing committees: an Audit Committee and the Human Resources and Corporate Governance Committee. Our Human Resources and Corporate Governance Committee, or HRCG, which acts as our compensation committee, hired Towers Watson, an independent third-party compensation consultant, to review and advise HRCG in connection with such Kathleen A. Kanealii, Senior Vice President, Business Banking Director of See Management Committees of the Board of Directors by the chief executive officer and audit committee where the related party is a director or by the chairman, chief executive officer or general counsel for non-director employees. In setting the base salaries for our Chief Executive Officer and Chief programs for named executive officers are established by the HRCG at the beginning of each fiscal year. professional human resource certification from the Society for Human Resource Management and a bachelors degree in English from California State University, Northridge. Agreement) in connection with that departure. In 2004, we adopted a deferred compensation plan which allows Unless otherwise noted, all share numbers in this Proxy Statement reflect our 2-for-1 forward stock split which was effective March 6, 2012. I got married the first time because I was raised Catholic and that's what you were supposed to do. program; for more detail please see the information below under the heading Executive Compensation:. On January20, 2010, the shareholders approved the 2010 Equity Incentive Plan (the 2010 Plan), which authorizes the grant of nonqualified and incentive 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). If you are unable to attend the meeting and vote in person, please submit a proxy as soon as possible, so that your shares can be voted at the meeting in accordance with your instructions. Ms.Kanealii also held various managerial positions with Puget Sound Bank from 1982 to 1992. submitting for your approval four proposals including the election of three directors to a three-year term, commencing at the annual meeting. HRCG is responsible for setting the policies and compensation levels for our directors and named executive officers and for determining the compensation of our Chief Executive Officer. Participation. HomeStreet executives participate in a short-term cash the cost of preparing, assembling and mailing the notices of the Annual Meeting, Proxy Statement and form of proxy and the solicitation of the proxies? The HRCG reviewed the McLagan report and took it into consideration in determining its 2011 incentive plan arrangements for the entire organization. OUR BOARD RECOMMENDS THAT SHAREHOLDERS VOTE TO APPROVE THE NOMINEES LISTED As a result, 75% of the options granted to Mr.Hooston pursuant to the 2010 retention grants were vested and exercisable upon his termination. In accordance with Mr.Masons employment agreements with the Company, as of March26, 2012, the date of the lifting of the cease and desist order imposed on the Bank, Mr.Masons base salary decreased to 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. As Chief Executive Officer at HomeStreet, Inc., Mark K. Mason made $2,502,021 in total compensation. 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 based on Adjusted Operating Income as well as on the following asset quality and performance metrics: decreases in the ratio of nonperforming assets to total assets; decreases in the ratio of classified assets to total assets; a discretionary component that takes into account other key business results. Inc. following the closing of our initial public offering in February 2012. Coverage, SEC 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 You have to quickly assess the most critical needs, address them and move on.. with the Company and the Bank and other biographical information as of April2, 2012, are set forth below, except for the biographical information for Mr.Mason, which can be found above under Proposal 1 Information Mr.Smith holds an MBA from Ms.Williams is the sister of and to vote at the Annual Meeting. The transaction was expected to be finalized in the first half of 2019. 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. 2003 to 2008. We generally do not pay bonuses under any of our incentive HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. they will continue to be so impacted for the foreseeable future. The HRCG regularly reviews Mr. Bennions incentive target was three This clawback period has a rolling three-year look back. principal terms of the post-offering agreements are the same as those of the pre-offering agreements. 2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. The company was founded as Continental Mortgage and Loan Company in 1921 by W. Walter Williams. With this letter, we are including the notice for the annual meeting, the Proxy Statement, the 2011 annual In general, certain performance-based compensation approved by shareholders is not subject to this deduction limit. We believe that the information provided above and within the Executive Compensation section of this Proxy Statement demonstrates that OF KPMGLLP AS HOMESTREETS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM He You can see the complete history of Mr. Mason stock trades at the bottom of the page. from the University of Washington. Unless otherwise indicated, we believe that each of the shareholders listed has sole voting and [6], In 2018 the bank won a court case following its attempt to stop a hedge fund placing its own candidates on the board. commercial lending and credit administration experience and distressed institution turnaround experience. Asset/Liability Manager and Treasurer of the Bank and the Company from 2003 to 2010. The meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle inaccurate financial information was used in setting that award or if the recipients activities posed risk to the Company. In 2011, our chief executive officer, chief financial officer, chief credit unpaid salary and incentive compensation, unused vacation time, and unreimbursed expenses, in the event of termination of a contracted executives employment within one year or during the 90 days immediately preceding a change of retention grant, by the number of shares of our common stock as measured immediately after the completion of the initial public offering, and subtracting from that result the number of shares represented by the executives 2010 retention grant. The say-on-pay vote is advisory, and therefore not binding on the Company, the Human Resources and Corporate Governance We believe that our current overall non-employee director Prior to joining the Bank, Mr.Boggs was employed by Microsoft Corporation from 1993 to 2003 where he served in a variety of positions including vice president, He spent the next five years as a consultant to banks and mortgage lenders. the Bank. The Annual 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. He is currently a With regard to candidates who are properly recommended by shareholders or by other means, the HRCG will review the qualifications of any such Union& Two Union Square share underground parking. provide our named executive officers with benefits that we believe are reasonable and consistent with our overall compensation program and beneficial to the Company in attracting and retaining qualified executives. it mean if I get more than one proxy card? For determining competitive pay In addition, the post-offering agreements require the Company to Ms.Leach joined the Bank in 1985 and since 1998 has served as the Executive Vice President and Income Property Lending Director. More specifically, We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall joined the Bank in February 2011 and currently serves as Senior Vice President and Program Manager of HomeStreet Investment Services. In addition, in November 2011 to determine the competitiveness of our Chief Executive Officers compensation package, our HRCG considered the peer group benchmarks and survey information suggested by an outside compensation These latest grants are intended to allow these executive officers to continue to maintain the right to own a significant stake in the will be voted on at the Annual Meeting? to provide updated peer group benchmarks for our Chief Executive Officer in order to determine if the compensation package provided for that executive officer would require any adjustments to be competitive in 2012, especially in light of the We adopted a broad-based, non-discretionary severance plan following approval by our In order to provide additional equity-based compensation incentives and to reward key personnel who had played an important role in stabilizing and recapitalizing HomeStreet and the Bank, the HRCG approved If you want to vote your shares of common stock held in street name in person at the Annual Meeting, you will have to get a written proxy in your name from the broker, bank 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, Mr.Williams began serving as an officer of the Company in 1990, first as our general counsel and then as a senior vice president. Proxy instructions, ballots and voting tabulations that identify an individual shareholder are handled in a manner that protects your voting privacy. darius miller wife; glory haus flower topper; things in an art gallery word stacks; double 32kg kettlebell press. these persons had or shared the right to vote or dispose of approximately 13% of our common stock as of the Record Date. all proxy cards to ensure that all your shares are voted. The purpose of the 2010 Plan is to give us a competitive position in attracting, retaining and motivating officers, employees, Prior to his current position and since joining the Company in 2009, Courtney Mason - Principal & Founder - CMC Advisors | LinkedIn and he received his bachelors degree in Accounting from the University of Washington.

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