Signature of Shareholder Date: Signature of Shareholder Date: Note: Please sign exactly Chairman Dave Ederer said directors of the family-owned Seattle bank dreaded Fridays the day regulators seize distressed banks. forward stock split that was effective March6, 2012); the remaining 25.0% were granted as restricted stock awards. To assist the Audit Committee in its oversight responsibilities, the pre-approval policy identifies the three basic principles of importance of Mr.Mason to our recapitalization and turnaround plans. 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 In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive Director of the Bank. Among other things, the Code of Ethics addresses the following the Cascade Land Conservancy Advisory Board. All incentive compensation plans are approved by the HRCG as required by regulatory guidelines. turnaround plan, including reducing troubled assets, improving the Banks performance and raising the additional capital necessary to recapitalize the Bank and the Company through our initial public offering. All meeting fees are paid in cash. Mr.Ederer is a certified public accountant (inactive) and managed consulting, accounting and auditing services for Price Waterhouse from 1965 to 1974. Judd Kirk. Any such discretionary matching contribution matches a participants pre-tax 40l(k) Plan contributions at a percentage we determine of the first In addition, in November 2011 to determine the competitiveness of our Chief Executive Officers compensation package, our HRCG considered the peer group benchmarks and survey information suggested by an outside compensation February 2012. according to any stock option grant or plan. officer and then to chief executive officer in 2002, a position that he held until January 2010. Based on the information provided by Towers Watson, we determined that the award levels provided for the the shareholders of said corporation to be held May23, 2012, at 10:00 a.m. in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101, and any adjournments or postponements thereof, and to vote the shares of the With the exception of the base salaries for our Chief Executive Officer and Interest earned on participant deferrals is equal to the average five year daily treasury rate for the quarter. Mr. Mason owns over 6,435 units of HomeStreet Inc stock worth over $4,479,503 and over the last 15 years he sold HMST stock worth over $610,266. Mr.Mason brings extensive the regulators posed no objection to the arrangements for those officers. In setting the base salaries for our Chief Executive Officer and Chief Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. Mr.Dempsey previously served as vice chairman of the Bank from 1996 to 2001. [6], In 2018 the bank won a court case following its attempt to stop a hedge fund placing its own candidates on the board. fill such vacancy. officers in an effort to retain those individuals and focus management on stabilizing and recapitalizing the Bank. Unless otherwise indicated, we believe that each of the shareholders listed has sole voting and From 2008 until joining HomeStreet, Mr.Evans was the managing director of the bankruptcy and restructuring practice group at Marshall& Stevens. From time to time, the Bank continue to serve as a director has been added following each of the director and nominee biographies. Directors has two standing committees: an Audit Committee and the Human Resources and Corporate Governance Committee. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. Mr.Kirk is a member of the Washington State Bar Association (WSBA). The Chief Executive Officer and Chief Financial Officer each received a one-time grant of nonqualified stock options for their efforts in improving our financial condition 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. No equity grants were made in 2011 to any of our named executive officers. managing risks and promoting regulatory compliance and allows us to attract and retain the most qualified and experienced individuals available to further our success. Prior to his current position with the Bank, he was the Vice President, change would be in the best interests of the Company and its shareholders. The say-on-pay vote is advisory, and therefore not binding on the Company, the Human Resources and Corporate Governance Mr.Kirk received a bachelors degree in Finance from the University of Washington, 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 Mark Mason Net Worth (2023) | wallmine Under our present bylaws, directors must comply with all applicable laws and regulations, including any required approvals from our regulators. Hilton Hotel, Windward Room, located at 1301 Sixth Avenue. Of this total $775,000 was received as a salary, $943,640 was received as a bonus, $0 was received in stock options, $765,386 was awarded as stock and $17,995 came from other types of compensation. The committee also ordinarily reviews recommendations and cast will be elected. Mr.Gregory joined the Bank in David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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 procedure for shareholders who wish to present certain matters before an annual meeting of shareholders. The stock options vest ratably in thirds over each of the first three anniversaries of the completion of the offering, while the Management/Support Performance-Based Annual Incentive Plan. In addition, the plan authorizes the HRCG to provide that the grant, vesting or settlement of any award made under the plan may be subject to one or more pre-established performance goals. At HomeStreet Bank, we're driven to enrich the lives of our customers and communities through . Mr.Masons In 2011, the Companys board of directors met 22times. HomeStreet Executive Team | Comparably 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 The first-quarter report is due in April. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act) our Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. According to Trepp, a provider of bank ratings, about half the banks that were under regulatory restrictions as of May 2009 when HomeStreet was ordered to improve its finances and management have since failed or been acquired. In 2000, he was promoted to president and chief operating The first set of agreements, which we refer to in this Proxy Statement as the pre-offering agreements, were in effect from May 2011 until the lifting of the Bank cease and desist order in March 2012, at which point those agreements were In addition to the payment of earned and in the banking and mortgage banking industries and because of his accounting education and experience. 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 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. Lending Operations Director of HomeStreet Bank. Susan C. Greenwald, Senior Vice President, Single Family by the chief executive officer and audit committee where the related party is a director or by the chairman, chief executive officer or general counsel for non-director employees. 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. quorum exists, a majority of the voting power of those present at the Annual Meeting may adjourn the Annual Meeting to another date, time and place. bachelors degree from the University of Washington. company financial performance set annually by our board of directors. Mr. Unless otherwise noted, all share numbers in this Proxy Statement reflect our 2-for-1 forward stock split which was effective March 6, 2012. Summary of 2011 Executive Compensation Program, Our compensation philosophy and programs have been directly impacted by the economic downturn that began in late 2007, and we expect that In addition, each director earns a fee of $1,000 per board meeting, These pre-offering agreements, which were in effect for most of 2011 and the beginning of 2012, provided for base salaries of not less than $600,000 for Mr.Mason, $300,000 for Mr.Hooston, On January20, 2010, the shareholders approved the 2010 Equity Incentive Plan (the 2010 Plan), which authorizes the grant of nonqualified and incentive Mr.Ederer joined the Bank in 2004 as a from the University of New Hampshire and a Master Urban& Regional Planning degree in Housing and Real Estate Finance from George Washington University. Mr.Ederer received a bachelors degree Share story By Sanjay Bhatt Seattle Times business reporter In. We do not currently anticipate that any other matters will be raised at the Annual Meeting. provide our named executive officers with benefits that we believe are reasonable and consistent with our overall compensation program and beneficial to the Company in attracting and retaining qualified executives. not believe any element of the Management/Support Plan encourages participants to incur excessive or unnecessary risks to HomeStreets assets or reputation. Proposals. As part of fulfilling its responsibilities, the Audit Committee has: reviewed and discussed the Companys audit financial statements with management; discussed with the independent registered public accounting firm the matters required to be discussed by Statement on Auditing Standards No. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. These 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., officer and chief administrative officer and general counsel entered into employment agreements with the Company, each of which requires the payment of severance and acceleration of certain stock options in the event of a termination by us without In performing their oversight responsibilities, the Board and Audit Committee periodically discuss with management the Companys policies with respect to risk assessment and risk management. More Than 100 Years of Helping People and Their Businesses | HomeStreet counted if you are unable to attend. These latest grants are intended to allow these executive officers to continue to maintain the right to own a significant stake in the defined below) and who was a shareholder at the time of such notice and as of the record date. To change the address on your account, please check the box at right and indicate your new address in the address space above. HomeStreet Bank - Officers & Directors HomeStreet Bank - Wikipedia Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. If you mark your voting instructions on the proxy card, This report is submitted by the Companys Human Resource and Corporate Governance Committee consisting of Judd Kirk (Chair), Brian She holds a bachelors degree in Business Administration from Western Washington University and she has completed Kathryn A. Williams, Senior Vice President and Community Relations Director of the Bank. 2007 as Chief Information Officer. as your name or names appear on this Proxy. It changed its name to Continental Savings Bank in 1986. 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. 90 days nor more than 120 days prior to the actual date of the 2013 meeting; provided, that if the notice of such meeting is less than 100 days before the date of such meeting, notice of such proposal must be made not less than 10 days after the During the year ended December31, 2011, the Board of Directors held 22 meetings. Plan& Trust. The 2010 Plan became effective upon the closing of our initial public offering in Participation. Mr.Smith holds an MBA from Management Director of the Bank. principal financial officer and principal accounting officer. rules of Nasdaq. This includes temporary housing and travel expenses for Messrs. Mason, Hooston and Evans, as well as relocation and gross-up expense for Mr.Mason. We understand that our shareholders may have different views as to what is the best approach for the Company, and we look forward to hearing from our shareholders on this Proposal. Mr.Battaglia holds a bachelors degree in English from the University of Puget Sound, a J.D. How does the Board of Directors recommend I vote? Two wasnt enough. Executive 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. management significant financial and nonfinancial risk exposures and the steps management has taken to monitor, control and report such exposures. Take the Seneca Street exit, (exit 165), on the left side of the freeway. You can vote in person at the meeting. All services provided by KPMG LLP Your vote will not be disclosed either within the The participant has a limited ability to change these elections. To view Mark K. Mason's complete executive work history, 1100 Marshall Street, Redwood City, CA 94063 | Phone (650) 241-6600 | Fax (650) 701-0993, President, Chief Executive Officer and Director, Former Senior Executive Vice President and Mortgage Lending Director, HomeStreet Bank, Sign up now to view Mark K. Mason's 74 connections . HomeStreets difficult quest for capital was over. As of 1 January 2023 he still owns at least 179,972 units of HomeStreet Inc stock. In addition, any options exercisable within 60 days of April2, 2012 In 2017, HomeStreet CEO Mark Mason explained why. the enclosed proxy card as soon as possible. membership and parking. The meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle [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. Washington Roundtable and the Seattle Chamber of Commerce and on the International Advisory Board of the Seattle Public Schools. She returned to the Bank in 1988 as Senior Vice President and Mr.Dempsey received a bachelors degree in Business Administration and a masters of business administration from the University of Washington. persons ownership of HomeStreet stock. additionally compensated but may be reimbursed for reasonable out-of-pocket expenses in connection with such solicitation. Shareholder ratification of the selection of KPMG LLP is executive officers during fiscal 2011 was competitive with those offered by our peers and competitors and consistent with our level of performance while being commensurate with the roles those executives played in implementing the Companys management. Employee directors do not receive compensation for serving on either board of directors. other factors as the HRCG may consider appropriate. 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 The unique circumstances of the Bank required special compensation arrangements to attract individuals with these specialized 6.0% of eligible compensation (subject to IRS limits). Prior to our recently The purpose of the 2010 Plan is to give us a competitive position in attracting, retaining and motivating officers, employees, THE BOARD Look for the sign indicating the parking garage entrance on the left side of the street. shareholders. 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 The HRCG will determine the amount of any award that was overpaid as a result of inaccurate information and will send of Phoenix. 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. American Stock Transfer and Trust Company, LLC, our stock transfer agent will serve as the inspector of elections and in that 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. additional directors prior to the annual meeting of shareholders at which directors are elected. of the Bogle& Gates Business Law Department until his retirement on December31, 1997. The plan THE BOARD The corporate component for the He subsequently served as an executive officer at several financial. three directors standing for election to our Board are nominees for election with terms to expire in 2015. 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 were suspended from July 2009 to July 2010, and no employer contributions were made to employee ESOP accounts due to our financial condition during that time period. have an exercise price equal to or greater than the fair market value of the underlying stock on the date of grant. Prior to that, Mr.Stewart spent over seven years from October 2001 to February 2009 in various finance, accounting and enterprise risk management roles at Washington Mutual, Inc. and is a licensed CPA in the state 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 In addition to the prohibitions against solicitation of customers and employees retirement on or after age 65 or (5)the participants termination of employment. closing of the Companys Offering. 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. Dempsey, Tom King, Mike Malone and Doug Smith. However, if any Mr.Dempsey previously served as a member of the board of directors of the Federal Home Loan Bank of Seattle, as president of Talmadge Hamilton House (a United Way Agency) and as chairman Prior to joining HomeStreet, Ms.Taylor served as executive vice The numbers represented in the table above reflect a 2-for-1 forward split of our common stock effective on March6, 2012. In 2011, we also entered into new employment agreements (the post-offering agreements) with each of the and each committee member earns an additional fee of $500 per committee meeting (other than for telephonic committee meetings less than two hours in duration, for which the fee is $250). makes loans to directors, executive officers and other affiliates in compliance with RegulationO issued by the Federal Reserve. options will be immediately cancelled except as provided for under individual employment agreements of executive officers. 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. HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. As discussed above, in 2010 Equity Incentive Plan. of an independent registered public accounting firm is not ratified by the affirmative vote of a majority of the shares present and voting at the meeting in person or by proxy, the appointment of the independent registered public accounting firm Mark K. Mason Chairman, Chief Executive Officer and President John Michel Executive Vice President, Chief Financial Officer William D. Endresen Executive Vice President, Commercial Real Estate and Commercial Capital President (Homestreet Bank) Godfrey B. Evans 2011 Mark K. Mason - Biography - MarketScreener We use employment agreements with our named executive officers to retain those key executives and the talent, skills, experience and expertise that However, the Board of Directors is submitting the selection of KPMG LLP to our shareholders for ratification as a matter of good corporate practice. commercial lending and credit administration experience and distressed institution turnaround experience. Mark Mason - Black Entrepreneur & Executives Profiles Northridge. $240,000 for Mr.Evans and $200,000 for Mr.Iseman. 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 12months following the first public issuance of the non-complying document, and (2)any profits the executive realized from sales of HomeStreet securities during that period. Mr.Ederer has previously served as a director of a number of public and private companies, organizations and institutions, including Cascade Natural Gas, University Savings Bank, Farmers New World Life Insurance Company, Childrens President of HomeStreet, Inc.; Executive Vice President and Residential Lending Director of the Bank. Like HomeStreet, Fidelity Federal was saddled with bad debt and risked closure due to low capital levels. As we were not publicly traded prior to February10, 2012, the HRCG did not previously take this deductibility limit with the Securities and Exchange Commission (the SEC) within four (4)business days of the Annual Meeting. In establishing the specific metrics for the Management/Support Plan, the HRCG focuses, among other things, on mitigating the possibility that such metrics will encourage participants to incur excessive or unnecessary risk. Prior to joining Port Blakely Communities, he served as president He slashed expenses head count fell by about half and got the banks nonperforming loans under control. Ownership, Proxy defined in the 2010 retention grant agreements. each of the first three anniversaries of the grant date. In evaluating and identifying candidates, the HRCG has the authority to retain and terminate any third-party search firm that is used to identify As of December31, 2011, Mr.Mason beneficially owned approximately 1.8% of the Companys outstanding common stock and our executive Mark Mason (executive) - Wikipedia Ms. Williams served as a Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. The brought before the meeting. Please contact our investor relations department by calling 206-264-4200, by writing to HomeStreet, Inc., attn. Additional copies of the Annual Report on Form 10-K may be HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. Mark Mason - Citigroup OF DIRECTORS RECOMMENDS A VOTE FOR THE RATIFICATION OF THE APPOINTMENT In addition, upon the closing of the Companys Offering, the Company made certain grants of restricted stock to our directors. Mark Mason is chairman, president and CEO of HomeStreet Bank, a regional bank headquartered in Seattle. And the bank is launching a unit catering to affluent customers with up to $1 million in net worth. $175,013 or 172.4% of his target award. The Management/Support Plan includes a provision allowing for the reduction or recovery of awards if the HRCG determines that materially Ms.Vincent joined the Bank in 1987 and currently serves as Senior Vice President, Risk and Our Articles of Incorporation provide that our directors will serve a term of three years or until their respective successors are directors by mail may do so by writing HomeStreets Corporate Secretary at HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. way, the Board of Directors may decide that it is in the best interests of our shareholders and the Company to hold an advisory vote on executive compensation more or less frequently than the option approved by our shareholders. date of the notice of the meeting in order to be timely. THE BOARD OF DIRECTORS RECOMMENDS A income. The Bank surveys Company and Bank directors and senior and executive officers each Ms.Francis joined the Bank in May 2011 and currently serves as Senior Vice President and Cash Management Director. We do places certain restrictions on loan transactions between the Bank and its directors, executive officers and principal shareholders (or any of their related interests). Scott M. Boggs. The Audit Committee reviews and discusses with 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. Notification, Privacy Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. IF you wish to vote for a person other than the nominees identified below, As Chief Executive Officer at HomeStreet, Inc., Mark K. Mason made $2,502,021 in total compensation. Company TenFour News, Employees and Funding Information, Morristown, NJ They were going to put up more than the fees they were going to earn, Mason said. There are 19 older and 7 younger executives at HomeStreet Inc. compliance framework. That grim situation didnt deter turnaround specialist Mark Mason, who started as a consultant at the end of that September and soon was named president and CEO. These loans are made in the ordinary course of business on substantially the same terms, including interest rates The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. He sold the credit-card operations that had pushed the bank to the brink. : Investor Relations, 2000 Committee Membership of Directors of HomeStreet, Inc. Human Resources and Corporate Governance Committee, Human Resources and Corporate Governance Committee Interlocks and InsiderParticipation, Process for Recommending Candidates for Election to the Board of Directors, Attendance at Annual Meetings of Shareholders by the Board of Directors, Insider Trading Policy and Rule 10b5-1 Trading Plans, Current Non-Employee Director Compensation, 2011 Equity Incentive Plan for Non-Employee Directors, Compensation Program Objectives and Philosophy, Pre-Offering Executive Employment Agreements, Post-Offering Executive Employment Agreements, Severance and Change in Control Arrangements, Human Resources and Corporate Governance Committees Report, Outstanding Equity Awards at Fiscal Year-End, CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, Procedures for Approval of Related Party Transactions, Directions and Parking Instructions to HomeStreet, Inc. The Company is paying all such costs. View All Leadership Share Bio Mark Mason Email & Phone Number - HomeStreet Bank | ZoomInfo voting when you vote in response to the resolution set forth below: RESOLVED, that the option of once every one year, benchmark group as independently assessed by EW Partners. Mr.Indiek was selected to serve as a director because of his extensive experience grant to each of the contracted executives additional equity awards representing a number of shares equal to the product obtained by multiplying the percentage of our pre-offering common stock reflected by the contracted executives 2010
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