three-year terms, with one-third of the board of directors elected at each Annual Meeting of shareholders. shareholders, we encourage, but do not require, directors to attend. 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. Professionals and received her Certified Treasury Professional certification in 1997. Mark K. Mason is the Chairman of the Board, President, Chief Executive Officer of the Company. Ms.Williams resigned as a director of HomeStreet, Inc. and HomeStreet Bank effective with the completion of our market commercial lending, and vice president, business banking. 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 Sixth Avenue, Seattle, Washington 98101 in order to consider and vote upon the following proposals: Only shareholders of record at the close of business on April2, 2012, are entitled to notice of the meeting and an opportunity to Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. Employees are eligible to participate in the 401(k) Plan if they meet the applicable service requirements and are at least 18 years old. Prior to his current position and since joining the Company in 2009, Based on the outcome of that review, no adjustment was made to our Chief Executive Officers compensation package. All named executive officers are provided with the same Additional copies of the Annual Report on Form 10-K may be The Bank is the directed trustee for our common stock owned by the Plan. AS THERE SPECIFIED. Mr.Kirk was selected to serve as a director because of his business and management experience, his real estate development experience, his knowledge of real estate Each director holds office until that directors successor is duly elected and qualified or until his earlier death or resignation. 401(k) Savings We design our compensation programs and make individual pay decisions and adjustments in the context of this philosophy. Mr.Hoostons cash incentive awards were $481,226 or 160.4% of target and $89,014 or 74.2% of target, respectively. We awarded a special, one-time performance and retention incentive bonus to certain key executives in the second half of 2010 to incentivize and retain on executive compensation that occurs triennially is the most appropriate alternative for the Company, and therefore our Board of Directors recommends that you vote for a three-year interval for the non-binding vote on executive compensation. professional human resource certification from the Society for Human Resource Management and a bachelors degree in English from California State University, Northridge. Ms.Leach received her bachelors degree in Anthropology FOR AGAINST ABSTAIN Brian P. Dempsey Gerhardt Morrison Douglas I. Smith 2. ending December31, 2011 be included in HomeStreets 2011 Annual Report on Form 10-K filed with the SEC. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. candidate, which review may, in the HRCGs discretion, include interviewing references for the candidate, direct interviews with the candidate, requesting additional information to be shared with our regulators or other actions that the HRCG significant vote against the named executive officer compensation as disclosed in this Proxy Statement, we will consider our shareholders concerns and evaluate whether any actions are necessary to address those concerns. We are requesting that you provide the Board of Directors your vote prior to the meeting by completing and returning Last updated: 1 March 2023 at 11:00am EST. 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 consulting services to banks and other financial services companies. Election of Directors. Mr Mason is 61, he's been the Exec. it mean if I get more than one proxy card? Additionally, In this section we refer to these individuals as the contracted executives. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act) our specific individuals may vary based on a number of factors, including competing compensation programs available for similar positions, scope of duties, tenure, specialized experience, institutional knowledge and performance. 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 You can vote in person at the meeting. Submitted by the Audit To promote these objectives, we developed compensation arrangements for our new executive team, and maintained a general salary freeze in effect from 2009 through 2011 other than for special retention bonuses for certain key compensation, unused vacation time and unreimbursed expenses, in the event of a termination without cause or resignation for good reason not involving a change in control, in exchange for executing a release, a contracted executive will receive: the HRCG. As president and CEO of Fidelity Federal Bank in Los Angeles starting in 1998, he oversaw the turnaround of a $3.7 billion bank. 2019-2020 voted Best Bank by Money Magazine for the 3rd year in a row! Interest earned on participant deferrals is equal to the average five year daily treasury rate for the quarter. #H1Rewind HomeStreet Bank - HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet partnership Log In Like HomeStreet, Fidelity Federal was saddled with bad debt and risked closure due to low capital levels. attract and retain executive talent. addition, the Board has. approved a one-time grant of nonqualified stock option awards that were made outside of the 2010 Plan. 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. under the 2010 retention grants. proven expertise and managerial talent. This documentary-style series follows investigative journalists as they uncover the truth. 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 She is also treasurer of the Urban Land to have a material adverse effect on HomeStreet. If you are unable to attend the meeting and vote in person, please submit a proxy as soon as possible, so that your shares can be voted at the meeting in accordance with your instructions. comply with these guidelines such as: We have designed incentives tied to short-term revenue and profits with elements that include qualitative components such as credit quality, and we Thorough reviews have been conducted to assure this data accurately reflects disclosures. From 1982 to 1987 Mr. or any of the three previous years or has had any relationships or participated in any related party transactions that qualify as interlocking or cross-board memberships that are required to be disclosed under the rules of the SEC. 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. Urban Land Institute (CDC Council), American College of Real Estate Lawyers, and the Pacific Real Estate Institute. In addition, Section304 of the Sarbanes-Oxley Act of 2002 provides a basis to recover incentive awards in certain circumstances. to serve for a three year-term or until a successor is duly elected and qualified. 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 our Chief Executive Officer, whose incentive compensation is tied exclusively to corporate performance, we believe a portion of each executives potential compensation should be tied to individual performance as evaluated by the HRCG and the $500,000 per year. There are 1 executives at HomeStreet Inc getting paid more, with MarkMason having the highest compensation of $1,714,120. differenza tra associazione culturale e associazione di promozione sociale. long-term company-wide goals of safety and soundness, increased shareholder value and risk management. The HRCG is responsible for, among other things, We are Administrative Officer. 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. Shareholder ratification of the selection of KPMG LLP is our Board of Directors to establish by resolution the authorized number of directors, and twelve members are currently authorized, although at present we have only eleven members. 2010 Equity Incentive Plan. 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. Amounts in this table are presented in thousands. Mr.Mason in the aggregate amount of $288,885. your shares will be voted as you instruct. Accordingly, we ask our shareholders to vote FOR the following resolution at the Annual Meeting: RESOLVED, that the Companys shareholders approve, on an advisory basis, the compensation of the named executive officers, as Mr.Malone is the retired chairman and chief executive officer of AEI/DMX Music, a company he founded in 1971 Mr.Malone serves on the Seattle Police Foundation, having been a founding member and past chairman. mcdonalds garfield mugs worth Mr.Schlenker If you are a presented at this meeting, you are entitled to one vote for each common share you owned of record on the Record Date. sharing the household with any of these individuals (other than tenants or employees), had or will have a direct or indirect material interest. a retired business attorney. Mr.Gregory holds a bachelors degree in Mathematics and Exchange Act). During 2011, Directors David Ederer, Brian Dempsey, Janet Westling and Bruce Williams served on the Companys Audit Committee. Executive Compensation below. The Company is paying all such costs. A quorum refers to the number of shares that must be represented at a meeting in order to lawfully conduct business. These will be included in the beneficial ownership of the holder of such option, and the percentage ownership for that holder will be calculated by adding the aggregate number of options exercisable within 60days of April2, 2012 to both the Mark was preceded . The Annual 2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. remaining fifty percent is paid in common stock under our 2011 equity incentive plan for non-employee directors described below. Don't ever be with someone because someone else pressured you to. The stock options vest ratably in thirds over each of the first three anniversaries of the completion of the offering, while the Pamela J. Taylor, Senior Vice President, Human Resources Director of the Bank. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. Ms.Leach previously served as chairperson of Embers, chairperson of the Affordable Housing Committee, co-chairperson of the Multifamily Committee, a member of the board of directors of Common Ground, a member of the In 2011, our named must request and receive a legal proxy from the record owner prior to the meeting in order to vote at the meeting. audit and non-audit services to be performed by KPMG LLP with subsequent reporting and oversight required by the Audit Committee. Ms.Vincent joined the Bank in 1987 and currently serves as Senior Vice President, Risk and Ratification of Appointment of Independent Registered Public Accounting Firm. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Insider Trading Policy and Rule 10b5-1 All proxy statements are public filings made available to the general public by the SEC. The current terms of the executive officers will expire at such time as their successors are elected. Mark Mason is chairman, president and CEO of HomeStreet Bank, a regional bank headquartered in Seattle. With this letter, we are including the notice for the annual meeting, the Proxy Statement, the 2011 annual Victor H. Indiek. Management/Support Performance-Based Annual Incentive Plan. they will continue to be so impacted for the foreseeable future. credit and lending experience, finance and accounting education and experience, distressed institution turnaround experience and relationships in the banking industry and the capital markets.
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