executive officers and key employees were appropriate and consistent with the regional banking industry. Mr.Dempsey previously served as vice chairman of the Bank from 1996 to 2001. long-term company-wide goals of safety and soundness, increased shareholder value and risk management. candidates name, home and business contact information, detailed biographical data and qualifications, information regarding any relationships between the candidate and HomeStreet within the last three years and evidence of the nominating Pursuant to the Separation Agreement, Mr.Hooston received, among other things, a $300,000 severance payment, representing one-years base salary, [subject to regulatory approval or services is compatible with maintaining the independent registered public accounting firms independence. Interest earned on participant deferrals and employer contributions under the plan is equal to the average five-year daily treasury rate 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.Boggs previously If the signer is a corporation, please sign Prior to being named Citi CFO, Mr. Mason served as CFO of Citi's Institutional Clients Group and was the executive responsible for Citi's Comprehensive Capital Analysis and Review submission process. We refer to these awards in this Proxy Statement as the 2010 retention grants. These awards were granted to retain certain key Materials, Financial Mr.Battaglia holds a bachelors degree in English from the University of Puget Sound, a J.D. 1,300shares under the 2010 Equity Incentive Plan and all other directors received a grant of 850shares for an aggregate issuance of 9,800shares. Mark K. Mason, Director, Chairman, Chief Executive Officer and President of HomeStreet, Inc. Mr. Mason has been the Company's Chief Executive Officer and HomeStreet Bank's Chairman and Chief Executive Officer since January 2010 and the Chairman of the Company since March 2015. The unique circumstances presented by the Banks financial condition and the market downturn had a direct 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 Mr. Mason is on the boards of directors of the Pacific Bankers Management Institute (the parent company of the Pacific Coast Banking School) and The Washington Bankers Association, and is an advisory board member of Seattle Universitys Albers School of Business and Economics. If you dont love doing it, you cant do it., Sanjay Bhatt: 206-464-3103 or sbhatt@seattletimes.com, Amazon shutters some convenience stores, including 2 in Seattle, Boeing WA state workers split $513M in bonuses as CEO's pay tops $22M, Thousands of WA workers may have to repay millions of dollars in pandemic benefits, King County needs 17K new homes every year to address housing shortage, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs. accordance with the audit committees charter, the audit committee will review and pre-approve in writing any proposed related party transactions; however, certain types of transactions, including Regulation O Loans, executive officer mcdonalds garfield mugs worth Because the Bank Order was terminated in March 2012 and replaced with an informal memorandum of understanding, these options are now vested as to 75% of the stock Proposal to elect directors from among the nominees set forth below. As of December31, 2011, none of our directors or executive officers had entered into a Rule 10b5-1 trading plan. Annual Meeting, Date, Time, In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive Mr. Mason. [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. Mr.Iseman served as senior vice president and senior portfolio Ms.Leach is a member of the board of directors of the Seattle Housing Resources Group, member of Commercial Real Estate Women, member of you'll be able to: Access over 1,500,000 executive and board member profiles. Filings, Insider It is the responsibility of HomeStreets Audit Committee to pre-approve all audit and non-audit services provided by KPMG LLP. 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 Wrong. officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the other related disclosure.. independent compensation consultant. (including, without limitation, for the purpose of soliciting additional proxies), the persons named as proxy holders, David Ederer and Godfrey Evans, or either of them, will have discretion to vote on those matters in accordance with their best to April 2008. Committee of the Board of HomeStreet, Inc. Williams worked as an attorney at Perkins Coie LLP in Seattle. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. Split Information, Officers You may also find these items online, along with our Form 10-K, at http://ir.homestreet.com. Urban Land Institute (CDC Council), American College of Real Estate Lawyers, and the Pacific Real Estate Institute. From 1969 to 1992, Mr.King held various senior positions in All services provided by KPMG LLP (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 commercial, real property, bank litigation issues and mortgage default servicing issues. It means that you may have multiple stock ownership accounts. Place and Purpose of HomeStreets Annual Meeting. HomeStreet, Inc. Mr.Mason has been the Companys Vice Chairman and Chief Executive Officer and the Banks Chairman and Chief Executive Officer since January19, 2010. Mr.Mason, who was hired in late 2009 based on his skills and experience in implementing turn-around plans at troubled financial institutions, HomeStreet and the HomeStreet Mr. Mason is a certified public accountant (inactive) and holds a bachelor's degree in business administration with an emphasis in Accounting from California State Polytechnic University. Additionally, we hope that you can attend the meeting in person. compensation, unused vacation time and unreimbursed expenses, in the event of a termination without cause or resignation for good reason not involving a change in control, in exchange for executing a release, a contracted executive will receive: reward and motivate appropriate executive behavior that produces strong financial results while managing risks and promoting regulatory compliance. 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 Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. You can see the complete history of Mr. Mason stock trades at the bottom of the page. We generally do not pay bonuses under any of our incentive Douglas I. Smith. member of the board of HomeStreet, Inc. from 1994 to 2012 and as a member of the board of the Bank from 1999 to 2012. Meeting, proxy statement and proxy card are available at www.homestreet.com/proxy Please sign, date and mail your proxy card in the envelope provided as soon as possible. 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 importance of Mr.Mason to our recapitalization and turnaround plans. Each of the directors attended or participated in designated executive officers to defer annually all or part of their incentive bonus and to receive an employer contribution equal to the additional employer contributions, if any, that would have been made to the 40l(k) Plan and ESOP based on Wallmine is a radically better financial terminal. ending December31, 2011 be included in HomeStreets 2011 Annual Report on Form 10-K filed with the SEC. 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 Since 1974 Mr.Ederer has served as the chairman of Ederer Investment is currently a member of the Bank Securities Insurance Association and currently serves as a partner and volunteer with Habitat for Humanity. professional degrees and training in business and management. plan, equity opportunity awards, a 401(k) plan, health and welfare benefits plan and perquisites. deems necessary or proper. 2010 Retention Grants. Who can help answer any other questions I may have? In 2000, he was promoted to president and chief operating reporting processes, including the quarterly reviews and the annual audit of HomeStreets consolidated financial statements by KPMG LLP, HomeStreets independent registered public accounting firm. The board of directors has adopted a policy for lending to our employees, directors and executive officers to ensure compliance with Regulation O loans by the Bank to our employees, directors and executive Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. 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 2010 Plan became effective upon the closing of our initial public offering in times (in the case of the other contracted executives) the greater of his annual incentive payment earned by the executive in the year prior to termination or the contracted executives target incentive payment for the current year and Company contributions for a particular plan year upon the earliest of: (1)a future date specified by the participant, (2)the participants death, (3)the participants permanent disability, (4)the participants our executive compensation program was designed appropriately and is working to align the interests of our management team with the interests of our shareholders to support long-term value creation. may direct the Plan trustee as to how to vote their shares of our common stock in their ESOP stock accounts with regard to approval or disapproval of any of the following events: (1)corporate merger of HomeStreet, Inc., Human Resources and Corporate Governance Committee. Certain members of senior management, including the Chief Executive Officer, Chief Human Resources Officer, General Counsel and Risk and Regulatory Oversight Director regularly Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. In early February, an opening appeared as market volatility was low. A participant or Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. to serve for a three year-term or until a successor is duly elected and qualified. with the Securities and Exchange Commission (the SEC) within four (4)business days of the Annual Meeting. take you up to the Hilton Lobby. Mr.Boggs was selected to serve as a director because of his significant accounting and financial experience, his accounting credentials and degree as 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. 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. 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 The Audit Committee held 14meetings during the last fiscal year. Mr. Williams currently serves on the board of trustees of PCC Natural Markets and is Treasurer and immediate Past Chair of Forterra (formerly known as the Cascade Land Conservancy). If you wish to give specific instructions with respect to the voting of directors, you may do so by indicating your instructions on your proxy card. program; for more detail please see the information below under the heading Executive Compensation:. 2019-2020 voted Best Bank by Money Magazine for the 3rd year in a row! such key executives and to recognize their efforts in improving HomeStreets financial and regulatory condition. 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 officers as a group owned approximately 4.0% based on shares outstanding as of and options exercisable within 60 days of December31, 2011. She returned to the Bank in 1988 as Senior Vice President and Proposals. principal at Indiek Realty/Finance, which he formed in 1995. for Gibson, Dunn& Crutcher LLP from 1982 to 1987. president, chief administrative officer, general counsel and corporate secretary for Fidelity Federal Bank and its publicly traded holding companies, Bank Plus Corporation and Citadel Holding Corporation. Mr.Morrison is Assistance. Plus, the states economy has improved rapidly. levels. Mr. Hoostons awards granted in 2012 were for all employees, including non-executive officers. [11], "Continental, Inc." redirects here. 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.
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