Mr. Bennions incentive target was three of Skinner Development Company and until 1986, chaired the Real Estate Department of Davis Wright TremaineLLP in Seattle. HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. home, Corporate These grants were allocated 25% to Named Executive Officers. Annual counted if you are unable to attend. Lemon joined the Bank in 1985 and since 2001 The Board is not aware of any business to come before the Annual Meeting other than those matters described in this Proxy Statement. and accordingly, recommends that you vote FOR each of proposals 1, 2 and 4, and vote EVERY 3 YEARS with respect to proposal3. 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. Mr.Mason brings extensive Richard W.H. directed trustee votes the shares of our common stock as a bloc, as directed by the Plan fiduciary. 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. However, if any Computer Science from Park College, Kansas City. ESOP employer-directed investment accounts are invested in stocks, bonds and other investments selected by the ESOP fiduciary, the Companys retirement benefits committee. These factors include compensation surveys, the officers level of experience and responsibilities, parity of positions with similar responsibilities and the officers performance. The stock options vest ratably in thirds over each of the first three anniversaries of the completion of the offering, while the Unless otherwise specified, all ownership interests or voting power referenced herein, either in percentage terms or number of shares, in respect of the You can vote in person at the meeting. understanding of the Companys business in particular, (4)have qualifications that will increase overall Board effectiveness and (5)meet other requirements as may be required by applicable rules, such as financial literacy or The Audit Committee held 14meetings during the last fiscal year. Sign up Already have an account? The plan provides one week of pay for every year of service with a minimum payment of two weeks and a maximum payment of 24 weeks. 2011 The HRCGs criteria and process for evaluating and identifying the candidates that it recommends to the full Board of Directors for selection as director nominees are as follows: In its evaluation of director candidates, including the members of the Board of Directors eligible for re-election, the HRCG seeks to achieve a balance Our General Counsel receives these communications unfiltered by HomeStreet, forwards This information is according to proxy statements filed for the 2021 fiscal year. All services rendered by and fees paid to KPMG LLP are reported to and monitored quarterly by the Audit Committee. 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. The HRCG has reviewed the Compensation Discussion and Analysis included in this Proxy Statement and discussed it with No equity grants were made in 2011 to any of our named executive officers. our peers as well as internal parity. Perquisites and other Personal Benefits. The following table shows the compensation paid to our non-employee directors for 2011. Place and Purpose of HomeStreets Annual Meeting. The HRCG will apply these same principles when evaluating Board candidates who may be elected initially by the full Board to fill vacancies or add 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 Notification, Privacy He previously served as chairman. 2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. Hospital and Seattle Pacific University. However, if you hold your shares in street name (in the name of a bank or some other nominee), you leave. Filings, Insider In 2010, the HRCG 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 . the attached Proxy Statement. We believe it is critical to HomeStreets success to attract, retain and incentivize highly qualified executives and to promote a Mark Mason is chairman, president and CEO of HomeStreet Bank, a regional bank headquartered in Seattle. with the shareholders interests. Prior to joining San Diego Community Bank, he served as executive vice president and chief operating officer of Fullerton Community Bank from 1997 to 1998, president and chief named executive officer on an annual basis and may adjust his or her base salary based on such evaluation. Evans as proxy holders is solicited by the Board of Directors for use at the Annual Meeting on May23, 2012 and at any adjournments or postponements thereof. If we are required to restate our financials due to noncompliance deems necessary or proper. Amounts 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 In the tavern grill apple valley menu . 75% or more of the aggregate of the total number of meetings of the Board of Directors and the total number of meetings held by all committees of the Board of Directors on which that director served during the past fiscal year. 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 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. By Beginning in 2009, we imposed a general freeze on salary increases and in 2009, 2010 and 2011 we also suspended contributions to the Employee Stock Section10A(m)(3) of the Exchange Act and the proposed rules adopted by the SEC directing the national securities exchanges (including the Nasdaq Stock Market) to adopt independence standards relating to members of compensation committees. Companys overall performance, and changes in shareholder value. 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 401(k) Savings executive and his dependents for up to 18 months. Calculators, Stock (Communication With Audit Committees), as amended and adopted by the Public Company Accounting Oversight Board (PCAOB) in Rule 3200T; received the written disclosures and the letter from the independent registered public accounting firm required by Rule 3526 (Communication with Audit OF KPMGLLP AS HOMESTREETS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM In 2004, we adopted a deferred compensation plan which allows Summary Mark K. Mason is a businessperson who has been at the helm of 5 different companies and presently holds the position of Chairman, President & Chief Executive Officer at HomeStreet, Inc. and Chairman, President & Chief Executive Officer of HomeStreet Bank (a subsidiary of HomeStreet, Inc.). The HRCG oversees management of risks relating to the Companys compensation plans and programs. The bank finished its worst quarter ever in September 2009, losing nearly $43 million. Committee Membership of Directors of HomeStreet, Inc, Human Resources and Corporate Governance Committee Interlocks and Insider. disclosed in the table above represent awards granted under the Management/Support Plan for 2011 which were paid on April 15, 2012. Ms.Leach is a member of the board of directors of the Seattle Housing Resources Group, member of Commercial Real Estate Women, member of Jay C. Iseman, Executive Vice President and Chief Credit Officer of HomeStreet, Inc. and Mr.Kirk is a member of the Washington State Bar Association (WSBA). Employees are eligible to participate in the 401(k) Plan if they meet the applicable service requirements and are at least 18 years old. ANNUAL MEETING OF SHAREHOLDERS Wednesday, May23, 2012 10:00 a.m. At The Windward At each annual meeting, our shareholders elect directors within one class, and each class is staggered in a manner that causes Bennion, Executive Vice 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 The company was founded as Continental Mortgage and Loan Company in 1921 by W. Walter Williams. Officer and Chief Financial Officer positions. Mr.Smith has worked for Miller and Smith Inc., a privately held residential land development and home building company in metropolitan Washington, D.C., since 1992, and has served as its president since 1998. Your vote will not be disclosed either within the Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. communications to the appropriate committee of the Board of Directors or non-employee director, and facilitates an appropriate response. obtained without charge by writing to Investor Relations, HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. Malone. and to vote at the Annual Meeting. Mark K. Mason is the Exec. In mid-2009, HomeStreet Bank appeared headed for oblivion. #H1Rewind Who's "the best team in racing"? The Audit Committee Report is included in this Proxy Statement. As of December31, 2011, Mr.Mason beneficially owned approximately 1.8% of the Companys outstanding common stock and our executive In establishing incentive plan participation levels, the HRCG considers market data relating to compensation practice of Split Information, Officers Our Board is divided into classes of directors, with each class serving a three-year term. We design our compensation programs and make individual pay decisions and adjustments in the context of this philosophy. the Bank. The number of directors may be increased or decreased from time to time by our board of directors, provided that a reduction in the 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 A discussion of the qualifications, attributes and skills of each nominee that led our Board of Directors and the Human Resources and Corporate Governance Committee to the conclusion that he should Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. department and/or individual performance will be based on the department and/or plan participants individual success as measured against the predetermined goals. Godfrey B. Evans, Executive Vice . We refer to these awards in this Proxy Statement as the 2010 retention grants. These awards were granted to retain certain key Change in Control Arrangements. In 2010, the HRCG Unless otherwise noted, all share numbers in this Proxy Statement reflect our 2-for-1 forward stock split which was effective March 6, 2012. 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. Mr.Mason in the aggregate amount of $288,885. Mr.Indiek was selected to serve as a director because of his extensive experience Before we even get into what you should do in your relationship, let's start with what not to do. From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. restricted stock awards vest upon the occurrence of an increase in the price of our common stock in comparison to the initial public offering price of $22 per share: one-third of the restricted stock awards vest upon an increase in our stock price company financial performance set annually by our board of directors. [10], On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic. Our board of directors is divided into three classes and one-third of our directors are elected each year consultants, and the significant results in the execution of the turn-around plan and actual results of operations. A copy of our code of ethics (Code of Ethics) is available on our website at http://ir.homestreet.com. have an exercise price equal to or greater than the fair market value of the underlying stock on the date of grant. Based upon a review of the assessment conducted by McLagan in 2010 and early 2011 and an internal review by our human resources Mr.Schlenker Financial Officer, David Hooston, effective as of March31, 2012. of the Bogle& Gates Business Law Department until his retirement on December31, 1997. HomeStreet, Inc.s board of directors has authorized by resolution a 12-member board of directors, however, we currently have 11 To change the address on your account, please check the box at right and indicate your new address in the address space above. separately for their services as directors. He is currently a Non-Binding Vote on Executive Compensation. None of the members of the HRCG served as an officer or employee of HomeStreet during fiscal year 2011 Section162(m) places a $1.0 Based on the results of this assessment, we do not believe that our compensation policies and practices for all employees, including non-executive officers, create risks that are reasonably likely 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 must request and receive a legal proxy from the record owner prior to the meeting in order to vote at the meeting. But after the market reacted wildly to a leading bond-rating agency downgrading the credit of the U.S. government, it postponed the offering. participants in this plan for the year ended December31, 2011. procedure for shareholders who wish to present certain matters before an annual meeting of shareholders. Mr.Boggs was selected to serve as a director because of his significant accounting and financial experience, his accounting credentials and degree as 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. Since retiring from San Diego Community Bank following its sale to First Banks, Inc. in 2006, Mr.King has provided You may NOT cumulate votes relating to the election of directors. For determining competitive pay for our Chief stock options, stock appreciation rights (SARs), restricted stock awards, restricted stock units, stock bonus awards and cash incentive bonus awards. The Bank is the directed trustee for our common stock owned by the Plan. For 2010 and 2011, we also provided reimbursement for temporary housing, relocation and personal travel for our Chief Executive Officer, Chief Financial Officer and Chief Administrative Officer/General Counsel who were All nominees are incumbent directors of HomeStreet and nominated for reelection. Under our present bylaws, directors must comply with all applicable laws and regulations, including any required approvals from our regulators. Peer group benchmarking was not used over the three preceding years for other management positions because we were not increasing base salaries for those other officers. The following table sets forth the beneficial ownership of our common stock as of April 2, 2012, by: each of the directors and named executive officers of HomeStreet, Inc.; all of our directors and executive officers as a group; and. Executive Compensation below. Ratification of Appointment of Independent Registered Public Accounting Firm. Between 1991 and 2002, Mr.Dempsey served as a member of the board of directors of Golden State Bancorp. A majority of our directors satisfy the definition of independent director under the corporate governance all proxy cards to ensure that all your shares are voted. Mr.Smith holds an MBA from IDENTIFY executive and board member connections in Mark K. Mason's network. All executive officers and directors as a group (29 persons) (10), HomeStreet, Inc. 401(k) Savings and Employee Stock Ownership Two wasnt enough. In addition, we believe a meaningful portion of each executives total compensation opportunity should be linked to our From January 2010 until March 2015, Mr. Mason was the Vice Chairman of the Companys Board. He also 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 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 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. for Gibson, Dunn& Crutcher LLP from 1982 to 1987. Paulette Lemon, Senior Vice President, Retail Banking Director of the Bank. Property Finance, Vice President and Income Property Loan Officer, and income property loan closer. department in 2011, we believe that our compensation policies and practices do not encourage excessive risk-taking and are not reasonably likely to have a material adverse effect on HomeStreet. Management/Support Performance-Based Annual Incentive Plan. 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 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 report and a proxy card. David A. Ederer, Director and Chairman of the Board. Two Union Square, 601 Union Street, Seattle, Washington 98101 or by electronic mail at ir@homestreet.com. He subsequently served as an executive officer at several financial. Repertory Theatre. That went on for months and months and months.. Prior to his current position with the Bank, he was the Vice President, Bank, he served as vice president and branch manager of the Bellevue lending branch from 1990 to 1997 and construction department manager of the Bellevue lending branch from 1982 to 1989. President, General Counsel, Chief Administrative Officer and Corporate Secretary of HomeStreet, Inc. and the Bank. (One Participants in the ESOP Financial Statements, Historic Executive officers in attendance may provide their insights and suggestions, but only independent committee members may vote on decisions regarding executive compensation, according to any stock option grant or plan. There are 15 older and 9 younger executives at HomeStreet Inc. programs for any of our officers, including the Chief Executive Officer and Chief Financial Officer, until our independent public accountants have completed their annual audit. Among other things, the Code of Ethics addresses the following In addition, on November29, 2010, other of our executive officers received 2010 retention grants with an exercise price ranging Mr.Bennion holds a bachelors degree in History and China Regional Studies from the University of Washington and a masters of business administration from the University of Washington and is a graduate of the School of Mortgage Banking. More Than 100 Years of Helping People and Their Businesses | HomeStreet . Our board of directors has established a code of ethics as defined under the Exchange Act that applies to all HomeStreet directors, officers and employees, including our principal executive officer, Kathryn A. Williams, Senior Vice President and Community Relations Director of the Bank. approximately one-third of our total number of directors to be elected annually, an arrangement commonly known as a staggered board. 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? business unit executive officers. AS THERE SPECIFIED. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Mr.Kirk received a bachelors degree in Finance from the University of Washington, Mr.Williams has served as a member of the What happens if I sign and return my proxy card, but dont mark my votes? As of December31, 2011, none of our directors or executive officers had entered into a Rule 10b5-1 trading plan. forward stock split that was effective March6, 2012); the remaining 25.0% were granted as restricted stock awards. other factors as the HRCG may consider appropriate. Gerhardt Morrison. THE BOARD OF DIRECTORS RECOMMENDS A Dempsey, Tom King, Mike Malone and Doug Smith. Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. In particular, the Chief Executive Officer provides recommendations relating to other executive officers; however, after the HRCG reviews and discusses the officers for an exemption from the deductibility limits of Section162(m). Mr.Ederer is a certified public accountant (inactive) and managed consulting, accounting and auditing services for Price Waterhouse from 1965 to 1974. oregon farms carrot cake recipec'est dans les moments difficiles citationc'est dans les moments difficiles citation these persons had or shared the right to vote or dispose of approximately 13% of our common stock as of the Record Date. determining the presence or absence of a quorum for the transaction of business. board of directors for HomeStreet, Inc. since 1994. However, because this vote is advisory and not binding on the Company, the Human Resources and Corporate Governance Committee or our Board of Directors in any 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. FOLLOW changes in Mark K. Mason's employment. Bank upon the closing of our initial public offering in February 2012. income. vote. 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. shareholders, shareholder proposals must be received by HomeStreets Corporate Secretary no later than December 28, 2012, and must otherwise comply with the requirements of Rule 14a-8 of the Securities Exchange Act of 1934, as amended (the In addition, we suspended our employer matching contribution under our 401(k) plan from July 2009 to July 2010. As discussed above, in Prior to joining the Bank, Ms.Kanealii served Bank of America as senior vice president and senior relationship manager for middle not believe any element of the Management/Support Plan encourages participants to incur excessive or unnecessary risks to HomeStreets assets or reputation. place until the lifting of a Cease and Desist Order that had been imposed on the Bank by the Federal Deposit Insurance Corporation and Washington Department of Financial Institutions, which we refer to as the Bank Order. The Bank Order Mr.Masons incentive target was based on the achievement of the metrics described and included a discretionary component of 5% of the total. Prior to his current position and since joining the Company in 2009, Most recently Mr.Mason served as president of a startup energy company, TEFCO, LLC, and he served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank, and The Bjurman Barry Family of card and mailing it in the enclosed, prepaid and addressed envelope or otherwise mailing it to us at our mailing address on the cover page of this Proxy Statement prior to the Annual Meeting. 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 Together Our Executive Vice President, Residential Lending also received a grant of 8,000 options at a price per share of $1.50. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Proposals. Company is the trustee for all Plan assets except our common stock. 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. Mr.Kirk served as president of Port Blakely Communities, Inc. from 1997 to 2007 and as its Chief Executive Officer from 2007 to 2008. Please bring your Union Square garage entrance ticket to the meeting and we will be happy to validate your parking before you Actual compensation in a given year will vary from the target compensation levels based primarily on the attainment of operating goals, the participant ceases to be a director. I have not played golf in three years now.. In connection with a In evaluating and identifying candidates, the HRCG has the authority to retain and terminate any third-party search firm that is used to identify This Proxy Statement is first being sent to the shareholders of the Company on or about April27, 2012, and is accompanied by a proxy card that is being solicited by the Company for use at the Annual Meeting.
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