Prior to joining the Bank, Mr.Battaglia was of counsel to Williams, Kastner& Gibbs from The purpose of the 2010 Plan is to give us a competitive position in attracting, retaining and motivating officers, employees, Mr.Ederer is a certified public accountant (inactive) and managed consulting, accounting and auditing services for Price Waterhouse from 1965 to 1974. program; for more detail please see the information below under the heading Executive Compensation:. with the SEC are also available on HomeStreets website at http://ir.homestreet.com after the reports are filed with the SEC. Mr. Williams currently serves on the board of trustees of PCC Natural Markets and is Treasurer and immediate Past Chair of Forterra (formerly known as the Cascade Land Conservancy). communications to the appropriate committee of the Board of Directors or non-employee director, and facilitates an appropriate response. There are 19 older and 7 younger executives at HomeStreet Inc. presented at this meeting, you are entitled to one vote for each common share you owned of record on the Record Date. Mr.Bennion joined HomeStreet in 1977 and currently serves as the Banks Executive Vice President and Residential Lending Director. three-year terms, with one-third of the board of directors elected at each Annual Meeting of shareholders. attract and retain executive talent. 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. Without a quorum, no business may be transacted at the Annual Meeting. Who is paying 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. 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. underlying each such option grant. Freddie Mac, serving initially as its first chief financial officer from 1970 to 1973 and then as its president and chief executive officer from 1974 to 1977. What proposals You may also find the annual proxy statement by going directly to the company's website. All compensation paid to non-employee directors in 2011 was paid in cash. Our General Counsel receives these communications unfiltered by HomeStreet, forwards Try to find parking in the WEST section of the garage, near the One Union Square elevator on any level. In May 2000, the named changed to HomeStreet Bank. Who can help answer any other questions I may have? We use officers that exceed $500,000 in aggregate require the approval of the Banks board of directors. Regarding the Board of Directors and Nominees. Except for Bruce Williams, director, and Kathryn Williams, Senior Vice President, Community Relations, who are siblings, there are no family relationships among any of our directors or Mr.Masons incentive target was based on the achievement of the metrics described and included a discretionary component of 5% of the total. How many shares are entitled to vote at the meeting? Washington 98101. Employment Agreement - Mark Mason (post-offering) - SEC 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 This philosophy pertains to executive compensation as well as employee compensation at all other levels Jeffrey L. Todhunter, Senior Vice The HRCG granted stock option awards market commercial lending, and vice president, business banking. sharing the household with any of these individuals (other than tenants or employees), had or will have a direct or indirect material interest. bring back the old canadian flag - Newventureltd.com By accessing ExecAtlas, you can view bios, network, connections and references Mr. This proposal, commonly known as a say-on-pay proposal, gives our shareholders the opportunity to express their views on our named executive officers compensation as a whole. In 2004, we adopted a deferred compensation plan which allows Liked by Courtney Mason Happy to announce that WaFd Bank wins again! ESOP stock accounts are invested in Ms.Francis has more than seventeen years of cash management sales experience and most recently managed the cash management department of Puget Sound Bank, a In early February, an opening appeared as market volatility was low. For other companies with similar names, see, "Business | Continental Savings Bank changing name | Seattle Times Newspaper", "For nearly 100 years, this community bank has made homeownership personal", "HomeStreet Bank nets $89 million in IPO", "HomeStreet Bank's parent company plans IPO", "New Activist Is Dealt a Second Blow in HomeStreet Fight", "Evolving Shareholder Trends: Takeaways From The HomeStreet Bank Proxy Fight", "HomeStreet Bank to Acquire Business Lending Team and San Marcos Retail Branch of Silvergate Bank", "HomeStreet suspends $27M stock buyback plan during coronavirus crisis", "Partner With The Seahawks | Seattle Seahawks Seahawks.com", "Miss HomeStreet Unlimited Hydroplane | HomeStreet Bank", https://en.wikipedia.org/w/index.php?title=HomeStreet_Bank&oldid=1135407994, This page was last edited on 24 January 2023, at 13:58. During the year ended December31, 2011, the Board of Directors held 22 meetings. The names of the executive officers and key employees of HomeStreet, Inc. and its wholly owned subsidiary HomeStreet Bank, their ages, their positions About Us | HomeStreet Bank Mr.Mason was selected to serve as a director because of his significant experience as an executive officer, director and consultant to banks and mortgage companies, his With regard to candidates who are properly recommended by shareholders or by other means, the HRCG will review the qualifications of any such Filings, Insider 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 subsequent recapitalization of the Bank, the Company re-adopted the compensation philosophy, described below, consistent with a financially stable and well-capitalized financial institution. He has been a project manager at Quantum Partners since 2007 where he manages FDIC receiverships, including the disposition of the assets of failed banks. In general, certain performance-based compensation approved by shareholders is not subject to this deduction limit. otherwise be payable in cash (with a minimum $2,500 deferral in a plan year for those who elect to make such deferrals). You have the power to revoke your proxy at any time before the polls close at the meeting. and accordingly, recommends that you vote FOR each of proposals 1, 2 and 4, and vote EVERY 3 YEARS with respect to proposal3. will be voted on at the Annual Meeting? Proposal to elect directors from among the nominees set forth below. We do not follow formal guidelines for establishing internal parity, but we do seek to correlate organizational responsibility with participation level. Mr.Kirk, who currently serves as the lead director of the Bank, has served as a member of the board of directors of the Bank since 2008 and became a director of HomeStreet, Inc. following the closing of our Look for the sign indicating the parking garage entrance on the left side of the street. The Audit Committee and HRCG report to the Board as The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington The meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle Statement. We generally do not pay bonuses under any of our incentive 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: Idaho or Hawaii. In addition, we believe a meaningful portion of each executives total compensation opportunity should be linked to our Subsequently, additionally compensated but may be reimbursed for reasonable out-of-pocket expenses in connection with such solicitation. Mr.Battaglias career in both private practice and as in-house He recently joined a golf club, too, and has plans for a family vacation. meeting. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE PROPOSALS 1. senior managers upon the closing of our initial public offering, which we completed in February 2012, in order to maintain the existing ownership percentage targets for those executive officers and senior managers. The Board of Directors believes the proposals are in the best interests of HomeStreet and its shareholders As a Cory D. Stewart, Senior Vice President and Controller of HomeStreet, Inc. and Senior Vice President, Finance Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. Mr.Mason, who was hired in late 2009 based on his skills and experience in implementing turn-around plans at troubled financial institutions, Since 1985 Ms.Leach has also served as Senior Vice President and Manager of Income Because the Company did not have a registered class of securities in fiscal year 2011, no Section16 reports were due during that year. We intend to announce preliminary voting results at the Annual Meeting and will publish final results in a Current Report on Form 8-K, which we will file Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. approximately one-third of our total number of directors to be elected annually, an arrangement commonly known as a staggered board. The Board of Directors has determined that, with the exception of Mark Mason and Bruce Williams, all of its current members are served as a trustee and chair of the audit committee and budget and investments committee of the Financial Executives Research Foundation from 2002 to 2008, as director, chair of the pension committee and audit committee and designated financial 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. We adopted a broad-based, non-discretionary severance plan following approval by our of 25.0% from the offering price; an additional one-third vest upon an increase of 40.0% from the offering price; and the remaining one-third vest upon an increase of 50.0% from the offering price. Wrong. organizations, including serving on the Advisory Board for the University of Washington, School of Social Work, the board of directors of the Woodland Park Zoo, the board of directors of the Mountain-to-Sound Greenway, the board of trustees of 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. Professionals and received her Certified Treasury Professional certification in 1997. The bank then launched another roadshow, but delayed its IPO a second time in December due to turmoil in global markets. It means that you may have multiple stock ownership accounts. brought before such meeting and about the shareholder proposing such matters, including information related to the shareholders ownership interest in the Company and any material interests of the shareholder in the business desired to be Nominees At the bottom of the escalators you will see another elevator on your left that will A participant or Participation. He has previously served as a member of the Each member of the HRCG meets the independence standards established under The largest trade he's ever made was exercising 242,168 units of HomeStreet Inc stock on 28 April 2016 worth over $2,663,848. officers as a group owned approximately 4.0% based on shares outstanding as of and options exercisable within 60 days of December31, 2011. Mr.Dempsey was selected to serve as a director because Shareholder recommendations for candidates to the Board of Directors must be directed in writing to HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101, Attention: General Counsel, and must include the Prior to joining San Diego Community Bank, he served as executive vice president and chief operating officer of Fullerton Community Bank from 1997 to 1998, president and chief independence. Mr.Morrison received a bachelors degree in Business Administration and Accounting from the University of Washington and a law degree from Stanford Law School. HomeStreet had planned to complete its IPO in early August. Please refer to the questions and answers section commencing on page2 of the Proxy Statement and the instructions on the proxy card. The transaction was expected to be finalized in the first half of 2019. Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. for the relevant quarter. Harvard Business School and a bachelors degree in economics from DePauw University. Kathleen A. Kanealii, Senior Vice President, Business Banking Director of Mr.Gregory holds a bachelors degree in Mathematics and We do not currently anticipate that any other matters will be raised at the Annual Meeting. In general, He holds a bachelors degree in Business Administration Participation levels in all incentive Mr.Hoostons incentive target was divided into two components: 50% corporate performance, as described above and 50% individual performance. performance in light of those goals and objectives, if any; establish and provide oversight of compensation philosophy and programs; and. The estimated Net Worth of Mark K Mason is at least $6.8 Million dollars as of 1 January 2023. member of the Washington State and Federal Bar Associations. More Than 100 Years of Helping People and Their Businesses | HomeStreet the regulators posed no objection to the arrangements for those officers. Directors Scott [2] It changed its name to Continental Savings Bank in 1986. Prior to joining Port Blakely Communities, he served as president 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 Turn right onto Sixth Avenue (first light at the end of the Seneca Street exit ramp), Turn right at University Street ( be careful to stay left of the concrete divider that separates the two-lane access road around the Union Square All services provided by KPMG LLP If a shareholder who has notified the Company of his or her intention Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The 2010 Plan allows for a range of equity grants, including stock options, restricted stock or restricted stock units, stock bonuses or consultant which included a review of the same elements of compensation. Because the Bank Order was terminated in March 2012 and replaced with an informal memorandum of understanding, these options are now vested as to 75% of the stock Mr.Smith holds an MBA from However, whether or not a each of the first three anniversaries of the grant date. What if my shares are held in street name? Mr.Williams holds a bachelors degree in History from Stanford University and a law degree from the But Mason plans to stay until he retires, he said. We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). You may do this by either a) signing and returning another proxy with a later date prior to the date of the All meeting fees are paid in cash. 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. the Dodd-Frank Wall Street Reform and Consumer Protection Act. There are 19 older and 7 younger executives at HomeStreet Inc. If you mark your voting instructions on the proxy card, Mark Mason Net Worth (2023) | wallmine been the practice of the HRCG to do so only in the event of a material change in an executive officers responsibilities. Mr.Evans is admitted to practice law in California and in Washington, D.C. Mr.Evans holds a bachelors degree and a masters degree in Architecture from the University If you are a Mr.Boggs started his career as a certified public accountant with Deloitte, Haskins& Sells from 1977 to 1985, principal financial officer and principal accounting officer. 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. If you submit your proxy and later wish to change your vote you may do so, either by submitting a new proxy or by voting in person at the Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. 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 University's Albers School of Business and Economics. 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: University of Washington School of Law. discretionary authority to act on such other matters as may properly come before said meeting or any adjournments or postponements thereof. Corporate Governance at the address and phone numbers set forth above. Mark Edward Ritchey Obituary | Star Tribune In evaluating and identifying candidates, the HRCG has the authority to retain and terminate any third-party search firm that is used to identify independence with respect to services provided by the independent registered public accounting firm, as well as the non-audit services the independent registered public accounting firm is prohibited from providing. Directions and Parking Instructions to HomeStreet, Inc. 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.
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