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. She has served as treasurer at Northwest Associated Arts since 1995. [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. 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 Split Information, Officers
Who can help answer any other questions I may have? 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. Susan C. Greenwald, Senior Vice President, Single Family 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 We believe our compensation program provides appropriate rewards and motivation for our executive officers to produce strong financial results while other factors as the HRCG may consider appropriate. 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. determining the presence or absence of a quorum for the transaction of business. the Company in 2008. $500,000 per year. By president and senior relationship manager with Key Bank Real Estate Capital. She returned to the Bank in 1988 as Senior Vice President and of industry leading executives like Mark K. Mason. All services rendered by and fees paid to KPMG LLP are reported to and monitored quarterly by the Audit Committee. In addition, Section304 of the Sarbanes-Oxley Act of 2002 provides a basis to recover incentive awards in certain circumstances. We needed all three, he said. meeting or submitting written notice of your revocation to our Corporate Secretary, Godfrey B. Evans, at our mailing address on the cover page of this Proxy Statement, or b) voting in person at the 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. HomeStreet Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. place until the lifting of a Cease and Desist Order that had been imposed on the Bank by the Federal Deposit Insurance Corporation and Washington Department of Financial Institutions, which we refer to as the Bank Order. The Bank Order Our Board of Directors has adopted a written charter for the HRCG that satisfies the applicable standards of Nasdaq Corporate Governance These grants were allocated 25% to See Management Committees of the Board of Directors Facebook gives people the power to share and makes the world. However, all of our executive officers received retention equity grants in 2010 and restricted stock awards and option grants under our Mr.Smith has worked for Miller and Smith Inc., a privately held residential land development and home building company in metropolitan Washington, D.C., since 1992, and has served as its president since 1998. We granted awards of 161,446 shares to Mr.Mason, 45,206 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. Calculators, Stock
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. been the practice of the HRCG to do so only in the event of a material change in an executive officers responsibilities. Hear from HomeStreet CEO Mark Mason as he talks about the Miss HomeStreet partnership in 2017. 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. Ms.Williams resigned as a director of HomeStreet, Inc. and HomeStreet Bank effective with the completion of our HomeStreet is a good example where it makes a lot more sense to bring someone like Mark in to revive the place rather than watch the thing deteriorate until it has to be sold off, said Rick Riccobono, director of banks for the state Department of Financial Institutions. 6.0% of eligible compensation (subject to IRS limits). From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. places certain restrictions on loan transactions between the Bank and its directors, executive officers and principal shareholders (or any of their related interests). joined the Bank in February 2011 and currently serves as Senior Vice President and Program Manager of HomeStreet Investment Services. directors from 1998 to 2002. ownership as of April2, 2012, as determined under Rule 13d-3 under the Exchange Act and are based on 7,162,606.8 shares of our common stock outstanding as of that date. rules as to both compensation and nominating committee requirements. From 1969 to 1992, Mr.King held various senior positions in Director of the Bank. 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 #MissHomeStreet team, of course. 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. In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan (the Management/Support Plan) which applies to certain eligible employees, Ownership, Proxy
A majority of our directors satisfy the definition of independent director under the corporate governance At each annual meeting, our shareholders elect directors within one class, and each class is staggered in a manner that causes deems necessary or proper. See 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. defined in the 2010 retention grant agreements. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). To be brought before an annual meeting: In addition, our bylaws establish an advance notice Permissible services, not pre-approved pursuant to this policy, require specific review and approval prior to the with the Securities and Exchange Commission (the SEC) within four (4)business days of the Annual Meeting. FBR Capital Markets, HomeStreets underwriter, presold two-thirds of the shares and offered to buy $5 million worth of the banks stock more than it was being paid for the IPO. Employer ESOP contributions are determined based on the attainment of goals for overall 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. officers as a group owned approximately 4.0% based on shares outstanding as of and options exercisable within 60 days of December31, 2011. The components of this plan are described in more detail below under HomeStreet Bank is a member of the FDIC and an Equal Housing Lender. 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. Together If you dont love doing it, you cant do it., Sanjay Bhatt: 206-464-3103 or sbhatt@seattletimes.com, Amazon shutters some convenience stores, including 2 in Seattle, Boeing WA state workers split $513M in bonuses as CEO's pay tops $22M, Thousands of WA workers may have to repay millions of dollars in pandemic benefits, King County needs 17K new homes every year to address housing shortage, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs. vote. Mr.Williams began serving as an officer of the Company in 1990, first as our general counsel and then as a senior vice president. How many shares are entitled to vote at the meeting? For determining competitive pay The board of directors has adopted a policy for lending to our employees, directors and executive officers to ensure compliance with Regulation O loans by the Bank to our employees, directors and executive The Bank is the directed trustee for our common stock owned by the Plan. In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive The contribution is credited to each eligible participants ESOP account as a percentage of that participants eligible compensation. Hospital and Seattle Pacific University. Statement. Open
For determining competitive pay for our Chief Generally, we have instituted compensation practices intended to meet our complementary goals of preserving the Banks safety and soundness, assuring the survival and success of Mr.Mason and Mr.Hoostons incentive award payments were contingent on the company achieving positive net Mr.Masons Union& Two Union Square share underground parking. This Proxy Statement, HomeStreets 2011 Annual Report on Form 10-K and the Companys other reports filed All During the year ended December31, 2011, the Board of Directors held 22 meetings. The corporate component for the 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: This philosophy pertains to executive compensation as well as employee compensation at all other levels Boggs, Brian Dempsey, Victor Indiek, George Judd Kirk and Douglas Smith were elected to serve on the Audit Committee effective on the closing of our initial public offering on February15, 2012. The Audit Committee held 14meetings during the last fiscal year. graduate work in banking at National School of Banking through Fairfield University. The But after the market reacted wildly to a leading bond-rating agency downgrading the credit of the U.S. government, it postponed the offering. Generally, we Mark's mailing address filed with the SEC is 601 UNION STREET, SUITE 2000, , SEATTLE, WA, 98101. Prior to working at HomeStreet, Mr. Williams served for two years in the U.S. Peace Corps as a college professor in Liberia. Mr. Mason is a certified public accountant (inactive) and holds a bachelors degree in business administration with an emphasis in Accounting from California State Polytechnic University. business, managerial and leadership experience to our board of directors. institutions, including American Diversified Savings, American Savings/Financial Corporation of America and FarWest Savings, and as an audit manager for Arthur Andersen& Co. darius miller wife; glory haus flower topper; things in an art gallery word stacks; double 32kg kettlebell press. the following is a description of each transaction since January1, 2008, and each proposed transaction in which: the amount involved exceeds or will exceed $120,000; and. Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! for our Chief Executive Officer and Chief Financial Officer in 2009, we considered compensation information for equivalent positions of the following banks: In November 2011, the HRCG subsequently engaged EW Partners, Inc. (EW Partners) Coverage, SEC
additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. his or her beneficiary will begin receiving a distribution of his or her deferrals for a particular plan year upon the earliest of (1)a future date specified by the participant, (2)the participants death or (3)the date the communications to the appropriate committee of the Board of Directors or non-employee director, and facilitates an appropriate response. our peers as well as internal parity. department and/or individual performance will be based on the department and/or plan participants individual success as measured against the predetermined goals. consulting services to banks and other financial services companies. our common stock. Fifty percent of the annual retainer is paid in cash and the April2, 2012. Mr.Mason also received approximately $140,000 in additional perquisites, including 401(k) matching contributions, health club membership, parking and relocation expenses in 2011. duly elected and qualified. your broker, your broker will leave your shares unvoted on this matter. February 2009 to March 2012. Proposals. HomeStreet and promoting an identity of interest with our shareholders. She is an associate member for the Corporate Council of the Arts. In the case of a loan Any shareholder who desires to contact our non-employee directors may do so electronically at the following website: http://ir.homestreet.com. 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. She is also treasurer of the Urban Land As Chief Executive Officer at HOMESTREET INC, Mark K. Mason made $2,502,021 in total compensation. The Audit Committee and HRCG report to the Board as Don't ever be with someone because someone else pressured you to. The estimated Net Worth of Mark K Mason is at least $6.8 Million dollars as of 1 January 2023. 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 HomeStreet had a decidedly unlucky path to the capital markets, though. PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED Participants in the ESOP 75% or more of the aggregate of the total number of meetings of the Board of Directors and the total number of meetings held by all committees of the Board of Directors on which that director served during the past fiscal year. We have implemented certain compensation practices to 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. University Street curves and becomes Seventh Avenue. Sign up Already have an account? ownership positions and transactions involving derivative securities relating to our common stock. The Board of Directors believes the proposals are in the best interests of HomeStreet and its shareholders Mr.Evans joined HomeStreet in November 2009 and currently serves as the Executive Vice President, General Counsel and Chief The following table sets forth the beneficial ownership of our common stock as of April 2, 2012, by: each of the directors and named executive officers of HomeStreet, Inc.; all of our directors and executive officers as a group; and. It means that you may have multiple stock ownership accounts. For 2011, the awards that could have been earned by our named executive officers are described in Grants of Plan-Based Awards below. the Cascade Land Conservancy Advisory Board. He became Chairman of the Board of the Company in March 2015 after serving as Vice Chairman of the Board since January 2010. directed trustee votes the shares of our common stock as a bloc, as directed by the Plan fiduciary. The HRCG oversees management of risks relating to the Companys compensation plans and programs. AS THERE SPECIFIED. Mr. Mason brings extensive business, managerial and leadership experience to our Board. IF you wish to vote for a person other than the nominees identified below, Between 1991 and 2002, Mr.Dempsey served as a member of the board of directors of Golden State Bancorp. Judd Kirk. Mr.Smith has been elected to serve as a director because of his experience in the residential construction lending area as well as his experience in the long-term financial performance; and. HomeStreet had planned to complete its IPO in early August. modification brought HomeStreets severance plan within the definition of a non-discriminatory severance plan, pursuant to 12 C.F.R 359.1(j), for purposes of the FDICs Golden Parachute rules. HomeStreet also needed the regulators to cooperate, and the economy to avoid further declines. 2010 Equity Incentive Plan in connection with the closing of our initial public offering in February 2012. core deposits by at least 3.0%. Ratification of Appointment of Independent Registered Public Accounting Firm. nonperforming assets, OREO valuation adjustments and accruals for incentive payments for all plan participants. 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 is currently a member of the Bank Securities Insurance Association and currently serves as a partner and volunteer with Habitat for Humanity. Award opportunity levels, expressed as a percent of salary, have been set for each eligible employee for each plan year. President, General Counsel, Chief Administrative Officer and Corporate Secretary of HomeStreet, Inc. and the Bank. A participant or his/her beneficiary receives a distribution of his or her plan deferrals and Mr.Malone holds a All incentive compensation plans are approved by the HRCG as required by regulatory guidelines. We believe that the information provided above and within the Executive Compensation section of this Proxy Statement demonstrates that 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? We also intend to enter into indemnification agreements with our future directors and executive officers. Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. chairman of University Savings Bank from 1984 to 1994. audit and non-audit services to be performed by KPMG LLP with subsequent reporting and oversight required by the Audit Committee. 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. The 2010 Plan allows for a range of equity grants, including stock options, restricted stock or restricted stock units, stock bonuses or Salary increases ordinarily are effective on January1 of each year. Our Employee Stock Ownership Plan, or ESOP, is our largest single shareholder. including the named executive officers. Mr.Kirk received a bachelors degree in Finance from the University of Washington, from the University of Washington. 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