The HRCG oversees management of risks relating to the Companys compensation plans and programs. Brian P. Dempsey. date of the notice of the meeting in order to be timely. Mr.Bennion also received a discretionary award of $124,987 for a total award of $300,000. From 1982 to 1987 Mr. Financial. 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. importance of Mr.Mason to our recapitalization and turnaround plans. Notification, Privacy He became Chairman of the Board of the Company in March 2015 after serving as Vice Chairman of the Board since January 2010. Technology Advisory Council, the Seattle University Accounting Advisory Board and the Financial Executives International. The Bank is the directed trustee for our common stock owned by the Plan. Mr.Morrison served as a member of the board of directors of HomeStreet, Inc. from 2003 until May 2008, A base salary is provided to HomeStreet executives to pay for the basic The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington For inclusion in HomeStreets proxy materials: Shareholders may present proper proposals for inclusion in HomeStreets HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief The Board of Directors is responsible for overseeing the major risks facing the Company while management is responsible for assessing and mitigating the Companys risks on a day-to-day basis. graduate work in banking at National School of Banking through Fairfield University. Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. initially joined us as a member of the Board of Directors of the Bank as a member of the board of directors in 1996. ANNUAL MEETING OF SHAREHOLDERS Wednesday, May23, 2012 10:00 a.m. At The Windward From February 2008 to October 2008, Mr. Mason also 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 Mutual Funds. tables and the other related disclosure., THE BOARD OF KPMG LLP has recruited from out of state. Split Information, Officers From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. independence of our auditors; review and approve non-audit services, including a reconciliation of fees actually paid for non-credit services as compared to fees previously approved majority of the remaining directors then in office, unless otherwise provided by law or by resolution of the board of directors. Mason said he had to persuade the board to try a third time so soon again. 2011 program; for more detail please see the information below under the heading Executive Compensation:. defined below) and who was a shareholder at the time of such notice and as of the record date. KPMG LLP currently serves at the the HRCG. Darrell S. Van Amen 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. From 2008 until joining HomeStreet, Mr.Evans was the managing director of the bankruptcy and restructuring practice group at Marshall& Stevens. Mr.Hoostons cash incentive awards were $481,226 or 160.4% of target and $89,014 or 74.2% of target, respectively. Mark Mason - Facebook Ms.Williams received a bachelors degree in Sociology from University of Washington, a masters degree in social work from University of Washington If your shares are held in street name, you will need proof of ownership to be admitted to the Annual Meeting. The Audit Committee of HomeStreet, Inc. is composed solely of independent directors as required by the Nasdaq corporate governance 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. Bennion, Executive Vice The participant has a limited ability to change these elections. leave. We paid out amounts earned under the Management/Support Plan 2010 Retention Grants. Executive Compensation.. of such principles; administer our equity incentive plans, pursuant to the authority delegated to it by our Board of Directors; set the corporate goals and objectives, if any, relevant to our executive officers compensation and evaluate our executive officers Our bylaws also provide that the only business that may be conducted at an annual meeting is business that is (1)specified in the We use employment agreements with our named executive officers to retain those key executives and the talent, skills, experience and expertise that joined the Bank in February 2011 and currently serves as Senior Vice President and Program Manager of HomeStreet Investment Services. A majority of our directors satisfy the definition of independent director under the corporate governance brought before such meeting and about the shareholder proposing such matters, including information related to the shareholders ownership interest in the Company and any material interests of the shareholder in the business desired to be If a shareholder who has notified the Company of his or her intention HomeStreet employs more than 600 people across 19 branches and its downtown Seattle headquarters. 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. Amounts in this table are presented in thousands. 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 core deposits by at least 3.0%. 401(k) Plan contributions and may be eligible to receive a discretionary matching contribution. the tavern grill apple valley menu . 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. Mason serves as a Trustee of Howard University, where he received a B.B.A. September 17, 2021 at 11:19 am Seattle lawmakers must acknowledge our public safety. website at www.sec.gov. We design our compensation programs and make individual pay decisions and adjustments in the context of this philosophy. 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., Godfrey B. Evans, Executive Vice closing of the Companys Offering. HomeStreet Bank - Wikipedia ending December31, 2011 be included in HomeStreets 2011 Annual Report on Form 10-K filed with the SEC. Such shareholders who desire to contact our non-employee Submitted by the Audit Corporate performance for these executives was based on achievement of 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 Audit Committee considers whether the provision of related audit We also believe the compensation paid to our All elements of compensation were reviewed including base salary, short-term incentive, long-term incentives and supplemental benefits/perquisites for the years of his significant experience as an executive officer and director of several financial institutions, his experience as a director on several public company boards, his experience on board committees and his professional degrees and training in for our Chief Executive Officer and Chief Financial Officer in 2009, we considered compensation information for equivalent positions of the following banks: In November 2011, the HRCG subsequently engaged EW Partners, Inc. (EW Partners) Highlights, As Reported Don't ever be with someone because someone else pressured you to. We believe that our current overall non-employee director 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. Pamela J. Taylor, Senior Vice President, Human Resources Director of the Bank. standards, including Messrs. Boggs, Dempsey, Indiek, Kirk and Smith, each of whom is an independent director, in full compliance with all Nasdaq corporate governance standards and Rule 10A-3 under the Exchange Act with respect to director of industry leading executives like Mark K. Mason. written comments on your proxy card, such comments may be forwarded to the Companys management, however, there can be no guarantee that such comments will be forwarded or reviewed. 2011, McLagan assessed our incentive compensation programs and made recommendations with respect to the Sound Incentive Compensation Policy Final Guidelines as adopted by our regulators effective June 2010 and the guidelines to be implemented under Employee directors are not compensated The reasons for, and further information in relation to, each of these proposals are described in more long-term financial performance; and. Mark Mason is on Facebook. 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. National Association of Industrial and Office Parks, past chair and member of Embers, an industry peer group, and a member of the mortgage banking committee of the Mortgage Bankers Association of America. Ms.Greenwald joined the Bank in 1984 and currently serves as Senior Vice President, Single Family Lending Operations Director. 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 (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 Prices, Financial Please refer to the questions and answers section commencing on page2 of the Proxy Statement and the instructions on the proxy card. 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. Mr. Mr.Smith has been elected to serve as a director because of his experience in the residential construction lending area as well as his experience in the About Us | HomeStreet Bank 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 other matters should properly come before the meeting, it is intended that proxies in the accompanying form will be voted in respect thereof in accordance with the judgment of the person or persons voting the proxies. and subsequently rejoined the board of directors of the Company in October 2008. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. Its always better to be lucky than smart and unlucky, said Anderson. inaccurate financial information was used in setting that award or if the recipients activities posed risk to the Company. Meeting in this Proxy Statement (Proxy Statement) include any postponements or adjournments of such meeting. Financial Statements, Historic protecting proprietary information and proper use of assets. this zookeeper instance is not currently serving requests The Annual The meeting will be held in the Winward Room on the lobby level of the Hilton. and reducing overall credit risk and nonperforming assets. Mr.Ederer is a certified public accountant (inactive) and managed consulting, accounting and auditing services for Price Waterhouse from 1965 to 1974. at Though far short of the $180 million it first sought, the IPO raised the banks capital levels enough that regulators could soon lift the restrictions on HomeStreet. Request, Email commercial lending, real estate lending, credit administration, corporate and merchant banking and retail banking at Security Pacific National Bank. consulting services to banks and other financial services companies. Are you Mark K. Mason? The information Seventy-five percent of these awards were granted as stock options, with an exercise price of $22 per share (after giving effect to a 2-for-1 In addition, we believe a meaningful portion of each executives total compensation opportunity should be linked to our [11], "Continental, Inc." redirects here. Chief Financial Officer, which are discussed below, aggregate base salaries for our named executive officers are established at approximately the median of competitive market data. She holds a senior Directions and Parking Instructions to HomeStreet, Inc. program on performance over a longer period. He is a former Director of Primerica, Inc. (NYSEL PRI) Mr. Mason resides in New Jersey with his wife and two children. the specific instructions set forth in the enclosed proxy card. Mr.Gregory joined the Bank in to our principal executive officer, principal financial officer and principal accounting officer) from, this code of ethics within four business days of any such amendment or waiver. In particular, the Chief Executive Officer provides recommendations relating to other executive officers; however, after the HRCG reviews and discusses the Although HomeStreet does not have a formal policy regarding attendance by members of the Board of Directors at our annual meeting of He holds a bachelors degree in Economics from Weber State University and a masters degree in Economics from Claremont Graduate University. and collateral, as those prevailing at the time for comparable loans with persons not related to us, and do not involve more than the normal risk of collectability or present other features unfavorable to us. All the Bank. You have the power to revoke your proxy at any time before the polls close at the meeting. This Proxy Statement, HomeStreets 2011 Annual Report on Form 10-K and the Companys other reports filed 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, The Notice Period is defined as that period not less than 90 days nor more than 120 Information Regarding the Board of Directors and Nominees. with the SEC are also available on HomeStreets website at http://ir.homestreet.com after the reports are filed with the SEC. in finance and graduated with honors. In evaluating and identifying candidates, the HRCG has the authority to retain and terminate any third-party search firm that is used to identify Each common share you owned of record on the Record Date is entitled to one vote for each director candidate. Mark Edward Ritchey Obituary | Star Tribune bank counsel has focused on. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. She is also treasurer of the Urban Land These factors include compensation surveys, the officers level of experience and responsibilities, parity of positions with similar responsibilities and the officers performance. 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. appointment, compensation and oversight of the audit work of the independent registered public accounting firm. Trading Plans. The Companys Adjusted Operating Income as calculated for This philosophy pertains to executive compensation as well as employee compensation at all other levels shareholders. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The Audit Committee has adopted a policy authorizing certain permissible HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. For determining competitive pay 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 . I got married the first time because I was raised Catholic and that's what you were supposed to do. the attached Proxy Statement. vote. 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. Our compensation philosophy and programs have been directly impacted by the economic downturn that began in late 2007. Perquisites include health club All proxy statements are public filings made available to the general public by 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 None of the members of the HRCG served as an officer or employee of HomeStreet during fiscal year 2011 salaries of each named executive officer. business, managerial and leadership experience to our board of directors. 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 accounts during 2011. The We do Harvard Business School and a bachelors degree in economics from DePauw University. 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. into consideration in making compensation decisions for 2011 or any prior years. 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. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. 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. He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. No equity grants were made in 2011 to any of our named executive officers. Please note that changes to the registered name(s) on the account may not be submitted via this method. In May 2011, to provide additional compensation incentives and reward certain key executives who have played an important role in recapitalizing the