Mr.Morrison received a bachelors degree in Business Administration and Accounting from the University of Washington and a law degree from Stanford Law School. Executive The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. business and management. Mr.Masons Exit the elevator and take the down escalators directly ahead. WEST parking in the vicinity of a One Union Square elevator will be closer to the Hilton.). He has also served as a trustee of the Northwest Hospital and as chairman of its audit supplanted by the second set of agreements which we refer to as the post-offering agreements., The Company and the contracted executives entered into the pre-offering agreements effective as of May3, 2011, which remained in David Westin speaks with top names in finance about the week's biggest issues on Wall Street. The level of awards was based on an analysis conducted by Towers Watson, an Mr.Ederer received a bachelors degree accounts during 2011. implemented compensation practices consistent with our complementary goals of preserving the Banks safety and soundness, assuring the survival and success of HomeStreet, fairly compensating employees, and attracting and retaining management Facebook gives people the power to share and makes the world. Named Executive Officers. The HRCG regularly reviews In their discretion, the proxies are authorized to vote upon such other Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. We have implemented certain compensation practices to to serve for a three year-term or until a successor is duly elected and qualified. We are authorized to issue up to 706,356 shares of our common stock issuable under the 2010 Plan, however, our Board of Directors have indicated that they intend to limit the amount of aggregate awards to be granted under the 2010 There are 19 older and 7 younger executives at HomeStreet Inc. In May 2011, to provide additional compensation incentives and reward certain key executives who have played an important role in recapitalizing the determining the presence or absence of a quorum for the transaction of business. number of directors may not shorten the term of an incumbent. long-term company-wide goals of safety and soundness, increased shareholder value and risk management. Prior to joining the Banks board, Mr.King served as date of the notice of the meeting in order to be timely. This clawback period has a rolling three-year look back. On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. oregon farms carrot cake recipe - japshakti.com Mr.Morrison served as a member of the board of directors of HomeStreet, Inc. from 2003 until May 2008, directors from 1998 to 2002. benchmark group as independently assessed by EW Partners. team that had significant turnaround experience and experience that would, in the judgment of the Board of Directors and the Human Resources and Corporate Governance Committee (the HRCG), which acts as the Board of Directors The stock options vest ratably in thirds over each of the first three anniversaries of the completion of the offering, while the FOR AGAINST ABSTAIN Brian P. Dempsey Gerhardt Morrison Douglas I. Smith 2. She holds a bachelors degree in Business Administration, Finance from the Godfrey B. Evans, Executive Vice 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.). Please note that requests for investor relations materials should be sent to ir@homestreet.com. In general, certain performance-based compensation approved by shareholders is not subject to this deduction limit. Look for overhead signs in the garage directing you to WEST or One Union Square elevators. Mr.Kirk served as president of Port Blakely Communities, Inc. from 1997 to 2007 and as its Chief Executive Officer from 2007 to 2008. has served as Senior Vice President, Retail Banking Director and as Vice President, Retail Bank Operations Manager prior to 2001. will be voted on at the Annual Meeting? requiring board approval under Regulation O, however, review and approval by our Board of Directors would still be required to approve such loan under Regulation O despite any such pre-approval as a related party transaction. Mr.Gregory holds a bachelors degree in Mathematics and From 1998 to 2002, Mr. Mason was president, chief 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 directors from 1998 to 2002. However, if you hold your shares in street name (in the name of a bank or some other nominee), you Without a quorum, no business may be transacted at the Annual Meeting. Mr.Bennion is the past director of the Homebuilders Association of Tacoma-Pierce County, the past director and president of Puget Sound Mortgage Lenders Association and Washington Mortgage Lenders Association. In evaluating and identifying candidates, the HRCG has the authority to retain and terminate any third-party search firm that is used to identify During 2008, prior to returning to Bank of America, Mr.Iseman served as vice 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. Malone. In addition, on November29, 2010, other of our executive officers received 2010 retention grants with an exercise price ranging executives and to focus management on our restructuring and recapitalization. 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. 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. directors and consultants and to provide a means whereby officers, employees, directors and consultants can acquire common stock or earn incentive compensation based on the value of our common stock, thereby strengthening their commitment to joined the Bank in February 2011 and currently serves as Senior Vice President and Program Manager of HomeStreet Investment Services. We also intend to enter into indemnification agreements with our future directors and executive officers. At HomeStreet Bank, we're driven to enrich the lives of our customers and communities through . the tavern grill apple valley menu - chemtechspeciality.com results from the single family mortgage origination activities under Mr.Bennions leadership. 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 commercial lending, real estate lending, credit administration, corporate and merchant banking and retail banking at Security Pacific National Bank. Mark Mason | The Seattle Times control by the Company other than for cause or by the contracted executive for good reason, in conjunction with a mutual release agreement, the contracted executive will receive an amount equal to the sum of: 1. 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. A participant or his/her beneficiary receives a distribution of his or her plan deferrals and Because the Company did not have a registered class of securities in fiscal year 2011, no Section16 reports were due during that year. NOTE: We will not be validating Hilton parking. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE DIRECTOR NOMINEES, A VOTE FOR PROPOSALS 2 Technology Advisory Council, the Seattle University Accounting Advisory Board and the Financial Executives International. Under these rules, more than one person may claims against the Company and its affiliates. If any other matters are properly presented for consideration at the Annual Meeting, including, among other things, consideration of a motion to adjourn the Annual Meeting to another time or place expert of the Cascade Natural Gas Corporation from 2004 to 2007, and director, vice chair of audit committee and designated financial expert of the Safeco family of mutual funds from 2002 to 2004. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE PROPOSALS 1. BRIAN P. DEMPSEY, GERHARDT MORRISON AND HomeStreet Bank CEO Mark Mason is leading the bank's retreat from the mortgage banking business. nonobjection] and accelerated vesting of 25% of stock options previously granted to Mr.Hooston under the Companys 2010 retention grant program. We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall Before we even get into what you should do in your relationship, let's start with what not to do. of Directors (the Board) to vote on two non-binding proposals relating to executive compensation, and to ratify the selection of the Companys independent registered public accounting firm of for the year ending December31, 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. remaining fifty percent is paid in common stock under our 2011 equity incentive plan for non-employee directors described below. from the University of Washington and is a Company, with a targeted ownership percentage (assuming the exercise of outstanding options, whether or not vested) of 3.7% for Mr.Mason and 6.5% for the executive officers as a whole. The SEC has defined beneficial ownership of a security to mean, generally, the possession, including shared possession, directly or indirectly, of voting power or investment power. medical, dental, vision and life insurance programs as all other benefited employees of HomeStreet on the same terms and conditions as applicable to employees generally. We suspended this plan in 2008 due to HomeStreets financial condition and as a result none of our named executive officers were Ms.Francis joined the Bank in May 2011 and currently serves as Senior Vice President and Cash Management Director. The say-on-pay vote is advisory, and therefore not binding on the Company, the Human Resources and Corporate Governance bring back the old canadian flag - Newventureltd.com The reasons for, and further information in relation to, each of these proposals are described in more Amounts in this table are presented in thousands. Inc. following the closing of our initial public offering in February 2012. to, or purchases from, any company where a non-employee director serves as an executive officer as well as all other relevant facts and circumstances, including the directors commercial, accounting, legal, banking, consulting, charitable and Mark Mason - Citigroup HomeStreets executive base salaries are intended to be competitive with our peers. Mark C. Gregory, Senior Vice President and Chief Information Officer of the Bank. By accessing ExecAtlas, you can view bios, network, connections and references If you are a Generally, we have instituted compensation practices intended to meet our complementary goals of preserving the Banks safety and soundness, assuring the survival and success of Shareholders may request a free copy of the Principles of please cross through the name of the relevant nominee and clearly print the name of your proposed director alongside the stricken candidate. Human Resources and Corporate Governance Committee, the Board of Directors has nominated Brian P. Dempsey, Gerhardt Morrison and Douglas I. Smith for re-election as Class I directors. There are 19 older and 7 younger executives at HomeStreet Inc. purposes of hiring employees but as no base salary increases have been granted to any named executive officers since 2008, no base salary surveys were conducted during 2009, 2010 or 2011 other than the Chief Executive Officers base salary, Among other things, the Code of Ethics addresses the following 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. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. Our Board of Directors and our Human Resources and Corporate Governance Committee value the opinions of our shareholders and to the extent there is any conversion of a security, (3)the power to revoke a trust, discretionary account or similar arrangement or (4)the automatic termination of a trust, discretionary account or similar arrangement. The 2010 Plan allows for a range of equity grants, including stock options, restricted stock or restricted stock units, stock bonuses or Look for the sign indicating the parking garage entrance on the left side of the street. and Employee Stock Ownership Plan& Trust. not required by our bylaws or other applicable legal requirements. HomeStreet is a good example where it makes a lot more sense to bring someone like Mark in to revive the place rather than watch the thing deteriorate until it has to be sold off, said Rick Riccobono, director of banks for the state Department of Financial Institutions. Executive Compensation below. 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 When the bank announced plans last May to sell stock to the public for the first time, the economy appeared to be on the rebound and pundits dismissed talk of a double-dip recession. and chief restructuring officer for Chapeau, Inc. From 2005 to 2008, Mr.Evans served as a practicing attorney and as a project professional for Resources Global Professionals, and from 1987 to 2002, Mr.Evans served as executive vice From 1969 to 1992, Mr.King held various senior positions in the enclosed proxy card as soon as possible. Computer Science from Park College, Kansas City. Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. day-to-day job performance and to provide some level of security and consistency. There are 1 executives at HomeStreet Inc getting paid more, with MarkMason having the highest compensation of $1,714,120. The Audit Committee reviews and discusses with with the Securities and Exchange Commission (the SEC) within four (4)business days of the Annual Meeting. 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. For its 2021 fiscal year, HOMESTREET INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Thomas E. King. This additional discretionary award was for the significant contribution to the companys 2011 operating In some instances, the amount and structure of compensation results from arms-length negotiations with executives, which terms reflect an increasingly competitive market for It turned out there were four times as many orders for shares than shares available. HomeStreet and the HomeStreet
Health and Welfare Benefits. addition, the Board has. HomeStreet Executive Team | Comparably Ms.Williams received a bachelors degree in Sociology from University of Washington, a masters degree in social work from University of Washington A copy of the full text of the bylaw provisions discussed above may be obtained by writing to our Corporate Secretary at our principal executive offices or by accessing our filings on the SECs The Annual Were excited to be back as a full-service bank, Mason said. The Audit Committee and HRCG report to the Board as Documents, Information
The Audit Committee Report is included in this Proxy Statement. Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. The 2010 Plan became effective upon the closing of our initial public offering in executives and senior managers in 2010. However, it has at separation agreement we entered into in March 2012 with David Hooston, our former Chief Financial Officer, we agreed, subject to regulatory approval, to accelerate the vesting of an additional 25% of the stock options granted to Mr.Hooston 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. Who can help answer any other questions I may have? AS THERE SPECIFIED. Mr.Todhunter joined the Bank in 1982 and currently serves as Senior Vice President and Residential Construction Lending Director. Seventh Avenue runs under the Union Square buildings and the garage entrance is mid-block on the right side of the street. 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. Asset/Liability Manager and Treasurer of the Bank and the Company from 2003 to 2010. Where can I find the results of the Annual Meeting? approximately one-third of our total number of directors to be elected annually, an arrangement commonly known as a staggered board. You may cast your vote on your preferred voting frequency by choosing the option of one year, two years, three years or abstain from corporation (the Company or HomeStreet) will be held at 10:00 a.m., local time, on May23, 2012, in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101. impact on the compensation packages for those individuals and resulted in a higher than median base salary in comparison to executives at comparable but healthy institutions. independence. 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 Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act) our We adopted a broad-based, non-discretionary severance plan following approval by our Pamela J. Taylor, Senior Vice President, Human Resources Director of the Bank. 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. More Than 100 Years of Helping People and Their Businesses | HomeStreet
We are still in discussions with KPMG LLP regarding the final amount of fees to be paid for such services for the 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. It changed its name to Continental Savings Bank in 1986. Coronavirus Tips Working and Protection. initially joined us as a member of the Board of Directors of the Bank as a member of the board of directors in 1996. The information KPMG LLP currently serves at the delegated oversight of certain categories of risk to the Audit Committee and the Human Resources and Corporate Governance Committee, or HRCG. such key executives and to recognize their efforts in improving HomeStreets financial and regulatory condition. appointment, compensation and oversight of the audit work of the independent registered public accounting firm. In addition, each director earns a fee of $1,000 per board meeting, income. 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. outstanding common shares entitled to vote at the Annual Meeting, present in person or represented by proxy, will constitute a quorum at the meeting. These factors include compensation surveys, the officers level of experience and responsibilities, parity of positions with similar responsibilities and the officers performance. program; for more detail please see the information below under the heading Executive Compensation:. reward and motivate appropriate executive behavior that produces strong financial results while managing risks and promoting regulatory compliance. All incentive compensation plans are approved by the HRCG as required by regulatory guidelines. A majority of our directors satisfy the definition of independent director under the corporate governance 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 Mr.Iseman holds a bachelors degree in Business Administration and Economics from Seattle Pacific University and a certificate of advanced study in International