Ms.Greenwald began her career at the Bank as a secondary In establishing incentive plan participation levels, the HRCG considers market data relating to compensation practice of Paul J. Battaglia, Senior Vice President, Credit Counsel of the Bank. Our Board of Directors approved these grants to be made at the closing of our initial public offering in February 2011 even though the post-offering agreements were not yet effective. such awards are fully vested immediately upon issuance. restricted stock awards and 75% to stock options; the stock options vest ratably on the first, second and third anniversaries of the completion of the initial public offering while the restricted stock grants vest upon the occurrence of certain HomeStreet employs more than 600 people across 19 branches and its downtown Seattle headquarters. Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. is a member of the Seattle chapter of the Risk Management Association and a member of the Enterprise Risk Management working group of the American Bankers Association. appropriate on matters that involve specific areas of risk that each Committee oversees. Mr.Evans joined HomeStreet in November 2009 and currently serves as the Executive Vice President, General Counsel and Chief Mr.Indiek holds a bachelors degree in accounting from the University of Kansas, is a certified public accountant and a California real estate broker. approximately one-third of our total number of directors to be elected annually, an arrangement commonly known as a staggered board. We believe that the information provided above and within the Executive Compensation section of this Proxy Statement demonstrates that But when the board met Mason, Ederer said, they felt confident. awards for 2011 in April 2012 following the completion of our annual audit. principles: maintaining accurate and complete records; maintaining integrity of consultants, agents and representatives; and. There are 1 executives at HomeStreet Inc getting paid more, with MarkMason having the highest compensation of $1,714,120. Unless otherwise indicated, we believe that each of the shareholders listed has sole voting and Before we even get into what you should do in your relationship, let's start with what not to do. In some instances, the amount and structure of compensation results from arms-length negotiations with executives, which terms reflect an increasingly competitive market for The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington Ms.Williams has also held leadership roles with a number of community I got married the first time because I was raised Catholic and that's what you were supposed to do. 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 Computer Science from Park College, Kansas City. Join Facebook to connect with Mark Mason and others you may know. The 2010 Plan allows for a range of equity grants, including stock options, restricted stock or restricted stock units, stock bonuses or performance in light of those goals and objectives, if any; establish and provide oversight of compensation philosophy and programs; and. Our Board of Directors recommends a triennial vote as the most appropriate alternative for the Company as it will allow our Inc. following the closing of our initial public offering in February 2012. principal at Indiek Realty/Finance, which he formed in 1995. HomeStreet, Inc.s board of directors has authorized by resolution a 12-member board of directors, however, we currently have 11 President, Residential Construction Lending Director of the Bank. Equity Grants Effective at Closing of our Initial Public Offering. to April 2008. We will post on our website any amendments to, or waivers (with respect Mr.Iseman served as senior vice president and senior portfolio These awards were actually made in 2010 In the case of a loan Such shareholders who desire to contact our non-employee In 2010, the HRCG Unless otherwise specified, all ownership interests or voting power referenced herein, either in percentage terms or number of shares, in respect of the 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 HomeStreet Executive Team | Comparably Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The Audit Committee held 14meetings during the last fiscal year. 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 All elements of compensation were reviewed including base salary, short-term incentive, long-term incentives and supplemental benefits/perquisites for the years $175,013 or 172.4% of his target award. Since 1985 Ms.Leach has also served as Senior Vice President and Manager of Income Amounts in this table are presented in thousands. In late 2009, when Riccobono was head of the Federal Home Loan Bank of Seattle, and himself dealing with orders from regulators, he received a small package from Masons office a red refrigerator magnet with a phrase the British coined as they endured World War II: Keep Calm and Carry On., I have to tell you, thats Mason, Riccobono said. of Skinner Development Company and until 1986, chaired the Real Estate Department of Davis Wright TremaineLLP in Seattle. 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. Please mark, sign and return We awarded a special, one-time performance and retention incentive bonus to certain key executives in the second half of 2010 to incentivize and retain Because the Company did not have a registered class of securities in fiscal year 2011, no Section16 reports were due during that year. 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 they provide to HomeStreet with a goal of protecting the Company and the shareholders and providing the stability and skilled leadership we need in our current environment. specific individuals may vary based on a number of factors, including competing compensation programs available for similar positions, scope of duties, tenure, specialized experience, institutional knowledge and performance. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The Company is paying all such costs. A. copy of this charter is available on our website at http://ir.homestreet.com. Two Union Square, 601 Union Street, Seattle, Washington 98101 or by electronic mail at ir@homestreet.com. Participants in the ESOP Please contact our investor relations department by calling 206-264-4200, by writing to HomeStreet, Inc., attn. What happens if additional matters are presented at the Annual Meeting? directors from 1998 to 2002. committee, as a director and treasurer of Citizens for Smart Growth (Blaine County, Idaho), a trustee of Zion Preparatory Academy, chairman and trustee of Big Brothers of Seattle, a trustee of the Overlake School, and as a trustee of the Seattle Executive Compensation below. Mr.Malone holds a Upon recommendation of the CONNECT with Mark K. Mason through your network of contacts. year to identify their related interests. In addition, any options exercisable within 60 days of April2, 2012 A non-binding advisory vote for three-year terms, with one-third of the board of directors elected at each Annual Meeting of shareholders. 401(k) Plan contributions and may be eligible to receive a discretionary matching contribution. The Bank is subject to the requirements of Regulation O, which in Business Administration from the University of Washington. two years or three years that receives the highest number of votes cast for this resolution will be determined to be the preferred frequency with which the Company is to hold a shareholder vote to approve the compensation of the named executive Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. 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. We also intend to enter into indemnification agreements with our future directors and executive officers. Filings, Insider Prior to joining the Banks board, Mr.King served as of 25.0% from the offering price; an additional one-third vest upon an increase of 40.0% from the offering price; and the remaining one-third vest upon an increase of 50.0% from the offering price. Mr.Dempsey this zookeeper instance is not currently serving requests. consulting services to banks and other financial services companies. He also served as president and purposes of the Management/Support Incentive Plan was $51.9 million. mcdonalds garfield mugs worth according to any stock option grant or plan. Structure, Analyst income. Thank you for your ongoing support of and continued interest in HomeStreet, Inc. By accessing ExecAtlas, you can view bios, network, connections and references Mark Mason was named Chief Financial Officer of Citigroup, a multinational investment bank and financial services corporation in February 2019. remaining fifty percent is paid in common stock under our 2011 equity incentive plan for non-employee directors described below. Mr.Evans is admitted to practice law in California and in Washington, D.C. Mr.Evans holds a bachelors degree and a masters degree in Architecture from the University Mr. 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 We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). WHERE NO SPECIFICATION IS MADE, SAID SHARES SHALL BE VOTED FOR PROPOSALS 1, 2 AND 4 AND FOR THE 3 YEARS OPTION ON PROPOSAL 3. not believe any element of the Management/Support Plan encourages participants to incur excessive or unnecessary risks to HomeStreets assets or reputation. The current terms of the executive officers will expire at such time as their successors are elected. Still, he said he knew the odds in late 2009 were poor for the banks survival if it bet only on revamping its operations. Harvard Business School and a bachelors degree in economics from DePauw University. HomeStreets executive base salaries are intended to be competitive with our peers. financial expertise with respect to audit committee members. officer). From 1982 to 1987 Mr. In 2017, HomeStreet CEO Mark Mason explained why. Under these rules, more than one person may You have the power to revoke your proxy at any time before the polls close at the meeting. Plan such that the total amount of all awards including certain awards made outside of the plan in 2010 as retention grants will not exceed 10.0% of our outstanding shares of common stock as measured immediately after the closing of our initial However, it has To assist the Audit Committee in its oversight responsibilities, the pre-approval policy identifies the three basic principles of Michael J. We believe stock ownership by our executive officers helps align the interests of our executive officers Based on the outcome of that review, no adjustment was made to our Chief Executive Officers compensation package. In Person: Mason brought HomeStreet Bank back from the brink sub menu, Chairman, Chief Executive Officer and President. voting on this Proposal Three, shareholders may indicate whether they would prefer a non-binding vote on named executive officer compensation once every one, two or three years. 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 Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Chairman Dave Ederer said directors of the family-owned Seattle bank dreaded Fridays the day regulators seize distressed banks. Signature of Shareholder Date: Signature of Shareholder Date: Note: Please sign exactly The Annual We do not currently anticipate that any other matters will be raised at the Annual Meeting. the reserve at lake keowee membership cost the reserve at lake keowee membership cost THE BOARD ANNUAL MEETING OF SHAREHOLDERS Wednesday, May23, 2012 10:00 a.m. At The Windward These jobs require commitment and focus, he said. benchmark group as independently assessed by EW Partners. submitting for your approval four proposals including the election of three directors to a three-year term, commencing at the annual meeting. (1)two-and-one-half times (in Mr.Masons case) or two times (in the case of the other contracted executives) his then current base salary, (2)an amount equal to two-and-one-half times (in Mr.Masons case) or two Washington Roundtable and the Seattle Chamber of Commerce and on the International Advisory Board of the Seattle Public Schools. Mr.Kirk is a member of the Washington State Bar Association (WSBA). He has also served as a trustee of the Northwest Hospital and as chairman of its audit With the exception of Sign up Already have an account? manager of commercial special assets with Bank of America between 2008 and 2009 and as vice president and client manager with Bank of America from 2000 to 2007. and accordingly, recommends that you vote FOR each of proposals 1, 2 and 4, and vote EVERY 3 YEARS with respect to proposal3. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. HomeStreet CEO Mark Mason talks about the Miss HomeStreet - YouTube Our directors, officers and employees may also solicit proxies in person or by other means of communication. 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 (Continued and to be signed on the reverse side.) See Equity Incentive Compensation Equity Grants Effective at Closing of our Initial Public Offering.. each person known to us to be the beneficial owner of more than 5% of any class of our securities. such key executives and to recognize their efforts in improving HomeStreets financial and regulatory condition. 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 Board of Directors has determined that, with the exception of Mark Mason and Bruce Williams, all of its current members are Douglas I. Smith. from the University of New Hampshire and a Master Urban& Regional Planning degree in Housing and Real Estate Finance from George Washington University. 2010 Retention Grants. website at www.sec.gov. other factors as the HRCG may consider appropriate. Mr.Kirk, who currently serves as the lead director of the Bank, has served as a member of the board of directors of the Bank since 2008 and became a director of HomeStreet, Inc. following the closing of our mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. Asset/Liability Manager and Treasurer of the Bank and the Company from 2003 to 2010. Mr.Bennion also received a discretionary award of $124,987 for a total award of $300,000. Perquisites and other Personal Benefits. Mr. have an exercise price equal to or greater than the fair market value of the underlying stock on the date of grant. She returned to the Bank in 1988 as Senior Vice President and commercial lending and credit administration experience and distressed institution turnaround experience. None of the members of the HRCG served as an officer or employee of HomeStreet during fiscal year 2011 HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. Mark Mason - Citigroup 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. THE BOARD OF DIRECTORS RECOMMENDS A reporting processes, including the quarterly reviews and the annual audit of HomeStreets consolidated financial statements by KPMG LLP, HomeStreets independent registered public accounting firm.
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