Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid Mr.Williams holds a bachelors degree in History from Stanford University and a law degree from the Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. We paid out amounts earned under the Management/Support Plan Mr.Gregory holds a bachelors degree in Mathematics and establish and implement our corporate governance practices, nominate individuals for election to the board of directors and evaluate and set compensation with respect to our directors and executive officers, among other things. 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 board of directors and is comprised of Pamela J. Taylor, Richard W.H. Prior to his current position and since joining the Company in 2009, Mr.Boggs is also qualified as an audit committee financial expert., The Companys board Other signs of a return to normal: Mason recently was in Phoenix, reinstating an awards trip for the banks top producers something the bank had halted during its difficult times and got to play some golf. What happens if additional matters are presented at the Annual Meeting? We also intend to enter into indemnification agreements with our future directors and executive officers. Mr.Williams has served as a member of the KPMG LLP currently serves at the The transaction was expected to be finalized in the first half of 2019. persons ownership of HomeStreet stock. February 2012. the attached Proxy Statement. principal financial officer and principal accounting officer. HOMESTREET INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. protecting proprietary information and proper use of assets. University of Washington and is a graduate of the Pacific Coast Banking School. 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 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 as your name or names appear on this Proxy. Proxy instructions, ballots and voting tabulations that identify an individual shareholder are handled in a manner that protects your voting privacy. 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. 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. Among other things, this charter calls upon HRCG to: develop criteria for selecting new directors and to identify individuals qualified to become board members; select, or recommend that the board select, the director nominees for each annual meeting of shareholders; develop and recommend to the board a set of corporate governance principles applicable to the corporation, including periodic review and reassessment The Board of Mr.Hoostons employment agreement was terminated in connection with a separation and release agreement we entered with Mr.Hooston (the Separation Ms.Leach received her bachelors degree in Anthropology At the bottom of the escalators you will see another elevator on your left that will Such shareholders who desire to contact our non-employee discretionary authority to act on such other matters as may properly come before said meeting or any adjournments or postponements thereof. During 2008, prior to returning to Bank of America, Mr.Iseman served as vice report and a proxy card. What happens if I sign and return my proxy card, but dont mark my votes? The annual incentive awards granted under this plan provide for payments based upon attainment of specified goals that are intended to align the interests of employees with the interests of HomeStreet. 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. Executive Officer in November 2011, we considered survey-based information aggregating compensation statistics for similarly situated institutions as well as compensation information for Chief Executive Officers from institutions in our peer executive officers and key employees were appropriate and consistent with the regional banking industry. The election of directors requires that the candidates elected receive a plurality of votes, which means that the three candidates receiving the largest number of votes The Board is not aware of any business to come before the Annual Meeting other than those matters described in this Proxy Statement. director candidates and has the authority to approve the fees and retention terms of any search firm. You can vote on matters that properly come before the Annual Meeting in one of two ways: You do this by marking, signing and dating the proxy the current composition and size of the Board of Directors. will be voted on at the Annual Meeting? This Proxy Statement, HomeStreets 2011 Annual Report on Form 10-K and the Companys other reports filed input from compensation consultants regarding executive officers compensation. All All shareholders of record of HomeStreet common stock at the close of business on April2, 2012 (the Record Date) are entitled to notice reward and motivate appropriate executive behavior that produces strong financial results while managing risks and promoting regulatory compliance. To ratify the appointment of KPMG as HomeStreet, Inc.s independent registered public accounting firm for the fiscal year ending December31, 2012. Mr.Kirk is a member of the Washington State Bar Association (WSBA). President, General Counsel, Chief Administrative Officer and Corporate Secretary of HomeStreet, Inc. and the Bank. The components of this plan are described in more detail below under Finally, in February, the banks third attempt in about six months brought HomeStreet $88.7 million. significant vote against the named executive officer compensation as disclosed in this Proxy Statement, we will consider our shareholders concerns and evaluate whether any actions are necessary to address those concerns. A. copy of this charter is available on our website at http://ir.homestreet.com. Ms.Greenwald has been a member of Seattle Mortgage Bankers since approximately 1987 and is an active participant on various industry committees. Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. Mr.Iseman joined the Bank in August 2009 and currently serves as the Executive Vice President and Chief Credit Officer of the Company and the Bank. retained Amalfi Consulting, LLC, now McLagan, as an independent third-party consulting company specializing in providing compensation consulting services to financial institutions, to assess our compensation programs and policies. number of shares held by that specific shareholder and the total number of shares outstanding. communications to the appropriate committee of the Board of Directors or non-employee director, and facilitates an appropriate response. Executive Officer. In general, The turnaround, said Mason, was so all consuming. Mr.Indiek joined the Board of Directors of HomeStreet, Inc.and the We suspended this plan in 2008 due to HomeStreets financial condition and as a result none of our named executive officers were He holds a bachelors degree in Economics from Weber State University and a masters degree in Economics from Claremont Graduate University. Mr.Malone was selected to serve as a director because of his experience as a public company director and committee member and his business experience and training. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. 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 HomeStreet scooped up business as the nations biggest lenders pulled back on new mortgages to limit their exposure, said Trepp analyst Matthew Anderson. these persons had or shared the right to vote or dispose of approximately 13% of our common stock as of the Record Date. The say-on-pay vote is advisory, and therefore not binding on the Company, the Human Resources and Corporate Governance 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. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. under the 2010 retention grants. She holds a senior 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. 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. We eliminated incentive payments on terms and conditions of the loans from our single family loan officer incentive plans. 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.. 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. 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 All unvested options will be cancelled upon resignation or the Bank. This plan reserves for issuance awards of up to 84,000shares of our common stock in order to provide for compensation to directors for one-half of the annual board compensation as described above. HomeStreets difficult quest for capital was over. 2011 The HRCG oversees management of risks relating to the Companys compensation plans and programs. She has served as Senior Vice President of the Bank since 1988, and as Vice President of Loan Administration at the Bank from 1978 through 1985. Mr.Mason brings extensive Actual compensation in a given year will vary from the target compensation levels based primarily on the attainment of operating goals, the consulting services to banks and other financial services companies. Agreement) in connection with that departure. She is a member of both the regional and national chapters of the Association for Financial counted if you are unable to attend. Mr.Evans joined HomeStreet in November 2009 and currently serves as the Executive Vice President, General Counsel and Chief 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. Committees Concerning Independence) of the PCAOB; and. Effective upon the closing of our initial public offering on February15, 2012 the majority of our then-existing board of directors resigned and certain new directors were appointed to the vacancies. 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. In early February, an opening appeared as market volatility was low. Who is paying The notice must contain specified information about the matters to be Under our present bylaws, directors must comply with all applicable laws and regulations, including any required approvals from our regulators. Mr.Evans also served as an attorney Change in Control Arrangements. according to any stock option grant or plan. Mr.Battaglias career in both private practice and as in-house 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 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. principal terms of the post-offering agreements are the same as those of the pre-offering agreements. 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. Mr. Mason. We adopted a broad-based, non-discretionary severance plan following approval by our The following table presents fees billed for professional audit services and other services rendered to HomeStreet by KPMG LLP for the He previously served as a member of the board of directors of the Bank from 1986 until the closing of our initial public offering in February 2012. Human Resources and Corporate Governance Committee Interlocks and Insider The ratification of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year ending December31, 2012. Ms.Williams received a bachelors degree in Sociology from University of Washington, a masters degree in social work from University of Washington Financial Officer, David Hooston, effective as of March31, 2012. DOUGLAS I. SMITH. HomeStreet Inc. Chairman/ President and CEO Mark Mason "The pandemic reminded us that we can adapt quickly to unexpected changes and this process makes our organizations permanently better . She is an associate member for the Corporate Council of the Arts. accounts during 2011. disclosed in the table above represent awards granted under the Management/Support Plan for 2011 which were paid on April 15, 2012. Mr.Ederer received a bachelors degree 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. 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. Williams previously served on the Visiting Committee of the University of Washington Daniel J. Evans School of Public Affairs, Chair of the Washington Financial League, on the Boards of Directors of the Mortgage Bankers Association of America, the Directors has two standing committees: an Audit Committee and the Human Resources and Corporate Governance Committee. THE BOARD OF DIRECTORS RECOMMENDS A We refer to these awards in this Proxy Statement as the 2010 retention grants. These awards were granted to retain certain key 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 does costco optical accept iehp; pride and ego in a relationship; how many players on a nba playoff roster; who sells morning star bamboo flooring; zoroastrian deity physiology; HomeStreets 2011 Annual Report on Form 10-K, including financial statements, is being mailed to shareholders with this Proxy Statement. #H1Rewind Who's "the best team in racing"? $240,000 for Mr.Evans and $200,000 for Mr.Iseman. The chairman of HomeStreet received a one-time grant of Dempsey, Tom King, Mike Malone and Doug Smith. HomeStreet executives participate in a short-term cash . (1)two times his then current base salary, (2)an amount equal to two times the greater of (a)his annual incentive payment earned in the year prior to termination or (b)his target incentive payment for the current year and As Chief Executive Officer at HomeStreet, Inc., Mark K. Mason made $2,502,021 in total compensation. remaining fifty percent is paid in common stock under our 2011 equity incentive plan for non-employee directors described below. The equity compensation awards targeted ownership potential of a 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. The meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle EVERY 3 YEARS for the approval, by non-binding vote, of a triennial executive compensation vote (Proposal 3); and FOR the ratification of appointment of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year Ms. Our articles of incorporation provide that directors are elected for 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.