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your shares will be voted as you instruct. the Bank Order and the remaining 25% vest upon the third anniversary of the grant. The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington In 2011, we also entered into new employment agreements (the post-offering agreements) with each of the of Phoenix. (Continued and to be signed on the reverse side.) Wrong. Mr.Dempsey received a bachelors degree in Business Administration and a masters of business administration from the University of Washington. Executive Compensation.. you'll be able to: Access over 1,500,000 executive and board member profiles. logo are registered trademarks of HomeStreet, Inc. equal As Chief Executive Officer at HomeStreet, Inc., Mark K. Mason made $2,502,021 in total compensation. Each of the directors attended or participated in Dempsey, Tom King, Mike Malone and Doug Smith. awards granted effective upon the completion of such offering. 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 Our Board of Directors has adopted a written charter for the HRCG that satisfies the applicable standards of Nasdaq Corporate Governance The 2010 Plan will be administered by Our Human Resources and Corporate Governance Committee, or HRCG, which acts as our compensation committee, hired Towers Watson, an independent third-party compensation consultant, to review and advise HRCG in connection with such 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. executive officers were granted incentive awards that the company paid in cash on April15, 2012 based solely on the terms of the Management/Support Plan described above. of those grants. Washington 98101. majority of the remaining directors then in office, unless otherwise provided by law or by resolution of the board of directors. employees and consultants. These grants consist of restricted stock that will vest in equal installments over From 1982 to 1987 Mr. initial public offering. Mr.Dempsey previously served as vice chairman of the Bank from 1996 to 2001. Mr.Evans and Mr.Isemans cash incentives were $167,496 or 174.5% of target and $143,580 or 179.5% of target, respectively. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. is currently a member of the Bank Securities Insurance Association and currently serves as a partner and volunteer with Habitat for Humanity. consulting services to banks and other financial services companies. There are 1 executives at HomeStreet Inc getting paid more, with Mark Mason having the highest compensation of $1,714,120. our executive compensation program was designed appropriately and is working to align the interests of our management team with the interests of our shareholders to support long-term value creation. Your vote is important. Interest earned on participant deferrals and employer contributions under the plan is equal to the average five-year daily treasury rate proven expertise and managerial talent. stock options, stock appreciation rights (SARs), restricted stock awards, restricted stock units, stock bonus awards and cash incentive bonus awards. Prior to our recently Our directors, officers and employees may also solicit proxies in person or by other means of communication. 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 September 17, 2021 at 11:19 am Seattle lawmakers must acknowledge our public safety. The Company is paying all such costs. Directions and Parking Instructions to HomeStreet, Inc. In 2004, we adopted a deferred compensation plan which allows School of Social Work, a masters of business administration in Finance from University of Puget Sound, and is a graduate of the School of Mortgage Banking and an Accredited Mortgage Professional (AMP). The committee also ordinarily reviews recommendations and Judd Kirk. 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. The numbers represented in the table above reflect a 2-for-1 forward split of our common stock effective on March6, 2012. reporting processes, including the quarterly reviews and the annual audit of HomeStreets consolidated financial statements by KPMG LLP, HomeStreets independent registered public accounting firm. 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 early February, an opening appeared as market volatility was low. Proposals. 2007 as Chief Information Officer. You have to quickly assess the most critical needs, address them and move on.. Employees are eligible to participate in the 401(k) Plan if they meet the applicable service requirements and are at least 18 years old. The Audit Committee considers whether the provision of related audit Mr. Mason was selected to serve as a director because of his position as our CEO and his significant experience as an executive officer, director and consultant to other banks and mortgage companies, his credit and lending experience, finance and accounting education and experience and relationships in the banking industry and the capital markets. To ratify the appointment of KPMG as HomeStreet, Inc.s independent registered public accounting firm for the fiscal year ending December31, 2012. [11], "Continental, Inc." redirects here. Executive As a result of that review no adjustment was made to our Chief Executive Officers compensation package. Company or to third parties, except: (1)as necessary to meet applicable legal requirements, (2)to allow for the tabulation of votes and certification of the vote and (3)to facilitate a successful proxy solicitation. Each member of the HRCG meets the independence standards established under However, our Board of Directors approved grants of stock options and restricted stock awards to our executive officers and senior managers in 2011 that were granted effective upon the closing of our initial public offering in February 2012. That was the point where we felt we had someone who was going to guide us through the malaise, Ederer said. shareholders. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. Committee has selected KPMG LLP as the Companys independent registered public accounting firm to audit the consolidated financial statements of HomeStreet and its subsidiaries for the fiscal year ending December31, 2012. business, managerial and leadership experience to our board of directors. More specifically: In order to address the impact of the economic downturn, in the fall of 2009 the Bank hired a new Chief Executive Officer and Chief Financial Officer We refer to these awards in this Proxy Statement as the 2010 retention grants. These awards were granted to retain certain key In May 2000, the named changed to HomeStreet Bank. More specifically, The most recent stock trade was executed by William Endresen on 1 January 2023, trading 1,581 units of HMST stock currently worth $39,351. The option of one year, two years or three years that receives the highest number of votes cast by shareholders will be the frequency for 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. DIRECTORS RECOMMENDS A VOTE FOR THE ADVISORY (NON-BINDING). For its 2021 fiscal year, HOMESTREET INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. She returned to the Bank in 1988 as Senior Vice President and Among other things, the Code of Ethics addresses the following principal at Indiek Realty/Finance, which he formed in 1995. appointment, compensation and oversight of the audit work of the independent registered public accounting firm. restricted stock awards and 75% to stock options; the stock options vest ratably on the first, second and third anniversaries of the completion of the initial public offering while the restricted stock grants vest upon the occurrence of certain Unless otherwise specified, all ownership interests or voting power referenced herein, either in percentage terms or number of shares, in respect of the Mr.Malone was selected to serve as a director because of his experience as a public company director and committee member and his business experience and training. Companys outstanding shares, have been calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the Exchange Act) as reflected in the beneficial ownership table shown in the Principal HomeStreet Bank CEO Mark Mason is leading the bank's retreat from the mortgage banking business. View All Leadership Share Bio There are no executives at HomeStreet Inc getting paid more. Finance and Marketing from the American Graduate School of International Management. 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. $175,013 or 172.4% of his target award. Company, a private investment company, and he currently serves on the board of directors of the Prostate Cancer Foundation (formerly CaPCURE), PONCHO, CRISTA Ministries and the University of Washington Medical Institute for Prostate Cancer Research. Kathleen A. Kanealii, Senior Vice President, Business Banking Director of Patricia A. Leach, Executive Vice President of Home Street, Inc.; Executive Vice President and Income Property Lending establish and implement our corporate governance practices, nominate individuals for election to the board of directors and evaluate and set compensation with respect to our directors and executive officers, among other things. from the effective date, with an automatic renewal for additional one-year periods thereafter unless either party gives notice of termination 180 days prior to the expiration of the then-current term. Income at a target of $43.3 million (2)reducing non-performing assets to total assets to 5.8% (3)reducing classified assets to total assets to below 9.0% (4)achieving a net interest margin of at least 2.46% and (5)increasing AND 4 AND A VOTE 3 YEARS ON PROPOSAL 3. Let us earn your business. 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. indemnify these individuals to the fullest extent permitted under applicable law against liabilities that may arise by reason of their service to us, and to advance expenses incurred as a result of any proceedings against them as to which they could detail in the questions and answers and other materials that follow. 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. This information is according to proxy statements filed for the 2021 fiscal year. Request, Email or other nominee who holds your shares. The Notice Period is defined as that period not less than 90 days nor more than 120 Michael J. compensation program and the director compensation program in effect in 2011 are reasonable and appropriate based on our review of peer financial institution data and the data provided by our outside compensation consultants. HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. Bank through our initial public offering, our Board also approved grants of restricted stock awards and stock options to senior executive officers under our 2010 equity incentive plan, with such grants becoming effective upon the closing of our Mr.Indiek joined the Board of Directors of HomeStreet, Inc.and the Ritchey, Mark Edward Age 68, of Maple Grove, Minnesota passed away peacefully on February 15, 2023 in his home with his wife of 23 years, Doreen, and sister-in-law Donna, near. He takes this stuff all in stride.. 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 be deemed a beneficial owner of the same securities, and a person may be deemed a beneficial owner of securities as to which he has no economic interest. was lifted effective March26, 2012. 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. Management Director of the Bank. Statement. Mr.Evans also served as an attorney for all employees, including non-executive officers. We will post on our website any amendments to, or waivers (with respect Each ITU is embedded with tightly integrated, foundational services that manage its full IT lifecycle - from design and implementation to monitoring, repair and administration - to ensure your network is always operating in a way that delivers value to your organization. Mason said he had to persuade the board to try a third time so soon again. counted if you are unable to attend. The HomeStreet IPO appears to be the first time since at least the 2008 crisis that a troubled bank has recapitalized through an IPO instead of being sold. All unvested options will be cancelled upon resignation or Ms.Greenwald has been a member of Seattle Mortgage Bankers since approximately 1987 and is an active participant on various industry committees. compensation arrangements. 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 If you are the beneficial owner of shares held by a broker in street name, your broker, as the record holder of the shares, is required to vote the shares in accordance with your instructions. The HRCG periodically solicits advice from outside compensation consultants on its compensation policies and practices. 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 mcdonalds garfield mugs worth The ratification of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year ending December31, 2012. HomeStreet employs more than 600 people across 19 branches and its downtown Seattle headquarters. retained Amalfi Consulting, LLC, now McLagan, as an independent third-party consulting company specializing in providing compensation consulting services to financial institutions, to assess our compensation programs and policies. because of his significant financial and legal experience, business, accounting and legal degrees, and significant relationships in the business and legal communities in Seattle. If your shares are held in street name, you will need proof of ownership to be admitted to the Annual Meeting. claims against the Company and its affiliates. Since 1974 Mr.Ederer has served as the chairman of Ederer Investment input from compensation consultants regarding executive officers compensation. on HomeStreets website and the SECs website are not part of this Proxy Statement. Mr.Boggs is also qualified as an audit committee financial expert., The Companys board