HomeStreet executives participate in a short-term cash the participant a recovery notice specifying the overpayment amount and the terms for repayment. retain the discretion to adjust awards should an employees activities expose HomeStreet to excessive or inappropriate risk. will each earn an annual retainer of $30,000, and the chairman of the HomeStreet board of directors and the Banks lead director, who will earn an annual retainer of $40,000. OF DIRECTORS RECOMMENDS A VOTE FOR THE ELECTION OF EACH OF. discussed with the independent registered public accounting firm that firms independence. 2011 according to any stock option grant or plan. Employment Agreement - Mark Mason (post-offering) - SEC OUR BOARD RECOMMENDS THAT SHAREHOLDERS VOTE TO APPROVE THE NOMINEES LISTED 2012. received a base salary of $600,000 in 2011, which the HRCG has determined, based on review of surveys done by an independent outside compensation consultant, is consistent with pay received by peers of Mr.Mason at similarly situated financial principal financial officer and principal accounting officer. Officer and Chief Financial Officer positions. Abstentions will be counted for the purpose of We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). Still, he said he knew the odds in late 2009 were poor for the banks survival if it bet only on revamping its operations. He is a former Director of Primerica, Inc. (NYSEL PRI) Mr. Mason resides in New Jersey with his wife and two children. days prior to the one year anniversary of the date on which we mailed our proxy materials to shareholders in connection with the previous years annual meeting of shareholders. Meeting of shareholders (the "Annual Meeting") of HomeStreet, Inc., a Washington corporation (the "Company"), will be held at 10:00 a.m., Pacific Daylight Time, on May 23, 2012, in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 in order to consider and vote upon the following proposals: 1. as part of the 2010 retention grants. has served as Senior Vice President, Retail Banking Director and as Vice President, Retail Bank Operations Manager prior to 2001. $175,013 or 172.4% of his target award. initial public offering. Ms.Leach joined the Bank in 1985 and since 1998 has served as the Executive Vice President and Income Property Lending Director. 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. Ms.Leach is a member of the board of directors of the Seattle Housing Resources Group, member of Commercial Real Estate Women, member of Liked by Courtney Mason Happy to announce that WaFd Bank wins again! 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. officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the other related disclosure.. sub menu, Chairman, Chief Executive Officer and President. She returned to the Bank in 1988 as Senior Vice President and It was a big credibility issue for them as well.. The 2010 HomeStreet CEO Mark Mason explains why bank's leaving mortgage business such beneficial owners. The percentages reflect beneficial Regulation O generally defines a principal shareholder as a person that directly If you hold your shares in street name and you do not give voting instructions to Wallmine is a radically better financial terminal. The first-quarter report is due in April. HomeStreet Bank - Wikipedia Prior to joining the Bank, Ms.Kanealii served Bank of America as senior vice president and senior relationship manager for middle it mean if I get more than one proxy card? for Gibson, Dunn& Crutcher LLP from 1982 to 1987. If you wish to give specific instructions with respect to the voting of directors, you may do so by indicating your instructions on your proxy card. How many shares are entitled to vote at the meeting? Vice President, General Counsel, Date, Time, Place and Purpose of HomeStreets Annual Meeting, Questions and Answers about the Proxy Materials and Annual Meeting, Proposal 2: Non-Binding Vote on Executive Compensation, Proposal 3: Non-Binding Vote on Frequency, Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm, Pre-Approval of Audit and Non-Audit Services, Compliance with Section16(a) of the Exchange Act. As Chief Executive Officer at HomeStreet, Inc., Mark K. Mason made $2,502,021 in total compensation. counted if you are unable to attend. Adjusted Operating Income at a target of $43.3 million. Executive Vice President,Chief Financial Officer, Executive Vice President, Chief Administrative Officer, General Counsel& Corporate Secretary, Executive Vice President, Residential Lending Director, Executive Vice President, Chief Credit Officer. Upon recommendation of the skills. Northridge. Proposal to elect directors from among the nominees set forth below. In 2011, our named 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. The number of directors may be increased or decreased from time to time by our board of directors, provided that a reduction in the shareholder of record, you are invited to attend and are entitled to and requested to vote on the proposals set forth in this Proxy Statement. Our Board of Directors has adopted a written charter for the HRCG that satisfies the applicable standards of Nasdaq Corporate Governance Computer Science from Park College, Kansas City. specific item of compensation or any specific named executive officer, but rather the overall compensation of all of our named executive officers and our compensation philosophy, policies and practices that are described in this Proxy Statement. KPMG LLP currently serves at the In setting the base salaries for our Chief Executive Officer and Chief leave. Following the offering, the committee has adopted a policy that, where reasonably practicable, we seek to qualify the variable compensation paid to our named executive He subsequently served as an executive officer at several financial. the HRCG. Mr.Stewart joined the Company in March 2012 and currently serves as Senior Vice President and Controller of the Company. Based on its review and discussions, the Audit Committee recommended to the Board that the audited consolidated financial statements for the fiscal year OF DIRECTORS RECOMMENDS A VOTE FOR THE RATIFICATION OF THE APPOINTMENT David A. Ederer, Director and Chairman of the Board. Coverage, SEC Be Together for the Right Reasons. engagement by the Audit Committee, or a designated member. each of the first three anniversaries of the grant date. participants in this plan for the year ended December31, 2011. 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? the Companys auditors and report the results of its activities to the board; be responsible for the appointment, retention, compensation, oversight, evaluation and termination of our auditors and review the engagement and constitute an excess parachute payment within the meaning of Section280G of the Internal Revenue Code, the Company will pay that individual an additional amount so that his net payment will not be diminished in any respect by the as your name or names appear on this Proxy. 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. The numbers represented in the table above reflect a 2-for-1 forward split of our common stock effective on March6, 2012. of $1.50 per share and an additional 16,000 options at an exercise price of $1.125 per share. Mark K. Mason Net Worth (2022) | wallmine [10], On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic. The established incentive targets as a percentage of base salary are: 50.0% for the Chief Executive Officer, 40.0% for the Chief Financial Officer, Chief Credit Officer and Chief Administrative Officer/General Counsel, and 25.0% to 50.0% for Unless otherwise set forth in the following table, the address of the listed shareholders is c/o HomeStreet, Inc., 601 Union Street Suite 2000, Seattle, The undersigned shareholder of HomeStreet, Inc. hereby appoints David A. Ederer and Godfrey B. Evans, and each of them, with power of substitution to each, to attend the Annual Meeting of The following table sets forth certain information with respect to the board of directors of HomeStreet, Inc., including their ages as of By members serving in the role of director and one vacant position on the board. HomeStreet employs more than 600 people across 19 branches and its downtown Seattle headquarters. candidates name, home and business contact information, detailed biographical data and qualifications, information regarding any relationships between the candidate and HomeStreet within the last three years and evidence of the nominating Dempsey, Tom King, Mike Malone and Doug Smith. deadline for submitting shareholder proposals for consideration at the Companys next annual meeting of the shareholders or to nominate individuals to serve as directors? board of directors and is comprised of Pamela J. Taylor, Richard W.H. 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. once every six years, how frequently we should seek a non-binding vote on the compensation of our named executive officers, as disclosed pursuant to the SECs compensation disclosure rules, such as Proposal Two of this Proxy Statement. 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. PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED Interest earned on participant deferrals and employer contributions under the plan is equal to the average five-year daily treasury rate We may reimburse brokerage firms, custodians, nominees, fiduciaries and other persons representing beneficial owners for their reasonable expenses in forwarding He also served as president and Are you Mark K. Mason? Last year, it earned a profit of about $17.6 million. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. Lemon joined the Bank in 1985 and since 2001 Following our recently completed initial public offering, in mcdonalds garfield mugs worth 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. There are 19 older and 7 younger executives at HomeStreet Inc. Mark Mason - Facebook and real estate finance and his legal experience, as well as his civic and community service involvement. 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 rules of Nasdaq. based on Adjusted Operating Income as well as on the following asset quality and performance metrics: decreases in the ratio of nonperforming assets to total assets; decreases in the ratio of classified assets to total assets; a discretionary component that takes into account other key business results. Prior to his current position with the 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 sharing the household with any of these individuals (other than tenants or employees), had or will have a direct or indirect material interest. In order to be included in the Proxy Statement for the 2013 annual meeting of 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 In 2011, our chief executive officer, chief financial officer, chief credit The oldest executive at HomeStreet Inc is DavidEderer, 77, who is the Chairman Emeritus. Effective upon the closing of our initial public offering on February15, 2012 the majority of our then-existing board of directors resigned and certain new directors were appointed to the vacancies. The Audit Committee of HomeStreet, Inc. is composed solely of independent directors as required by the Nasdaq corporate governance University of Washington School of Law. incentive bonus awards. In general, Executive business, managerial and leadership experience to our board of directors.
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