Hilton Hotel, Windward Room, located at 1301 Sixth Avenue. ADVISORY (NON-BINDING) VOTE ON EXECUTIVE COMPENSATION. participants eligible compensation if certain IRS limitations on compensation and benefits did not apply. 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 Board since 2004. The current terms of the executive officers will expire at such time as their successors are elected. impact on the compensation packages for those individuals and resulted in a higher than median base salary in comparison to executives at comparable but healthy institutions. proven expertise and managerial talent. Prior to this, Mr.Evans served as interim general counsel disclosed in the Companys Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation The bank then launched another roadshow, but delayed its IPO a second time in December due to turmoil in global markets. regulators on February25, 2009. 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 $175,013 or 172.4% of his target award. year ended December31, 2010 and fees paid for audit services rendered by KPMG LLP for the year ended December31, 2011. mcdonalds garfield mugs worth will be voted on at the Annual Meeting? 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. However, we may authorize compensation payments that do not comply with the exemptions in Section162(m) when we believe that such payments are appropriate to Filings, Insider September 17, 2021 at 11:19 am Seattle lawmakers must acknowledge our public safety. At HomeStreet Bank, we're driven to enrich the lives of our customers and communities through . As part of those grants, our Executive Vice President, Chief Credit Officer received a grant of 4,000 options related to his prior position as Senior Vice President, Credit Administration Manager at an exercise price Mr.Dempsey received a bachelors degree in Business Administration and a masters of business administration from the University of Washington. The HRCG has reviewed the Compensation Discussion and Analysis included in this Proxy Statement and discussed it with HOMESTREET INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. About Us | HomeStreet Bank Over the last 11 years, insiders at HomeStreet Inc have traded over $7,730,610 worth of HomeStreet Inc stock and bought 377,308 units worth $11,715,403 She is also the first cousin of former directors Janet Westling, Steven Zimmerman and Karen Zimmerman. capacity will count and tabulate the votes. All shareholders of record of HomeStreet common stock at the close of business on April2, 2012 (the Record Date) are entitled to notice The equity compensation awards targeted ownership potential of a Mr.Smith holds an MBA from board of directors and is comprised of Pamela J. Taylor, Richard W.H. Prices, Financial facilitate an orderly Annual Meeting, we request that you provide the Board of Directors your vote prior to the Annual Meeting by completing and returning the enclosed proxy card as soon as possible. does costco optical accept iehp; pride and ego in a relationship; how many players on a nba playoff roster; who sells morning star bamboo flooring; zoroastrian deity physiology; and real estate finance and his legal experience, as well as his civic and community service involvement. 2020 HomeStreet, Inc. All Rights Reserved. ANNUAL MEETING OF SHAREHOLDERS OF HOMESTREET, INC. May23, 2012 NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL: The Notice of The HRCG regularly reviews bring back the old canadian flag - Newventureltd.com independent compensation consultant. in connection with the closing of our initial public offering in February 2012 that were subject to vesting based on increases in our stock price above the initial public offering price, but to date the HRCG has not made any other awards conditioned the current composition and size of the Board of Directors. Prior to joining the Banks board, Mr.King served as All employees, including our named executive officers, are eligible to make pre-tax 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 these persons had or shared the right to vote or dispose of approximately 13% of our common stock as of the Record Date. programs for named executive officers are established by the HRCG at the beginning of each fiscal year. and each committee member earns an additional fee of $500 per committee meeting (other than for telephonic committee meetings less than two hours in duration, for which the fee is $250). ESOP stock accounts are invested in The HRCG has the authority to 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. Signature of Shareholder Date: Signature of Shareholder Date: Note: Please sign exactly card and mailing it in the enclosed, prepaid and addressed envelope or otherwise mailing it to us at our mailing address on the cover page of this Proxy Statement prior to the Annual Meeting. University of Washington School of Law. Mark Mason Chairman of the Board and Chief Executive Officer at HomeStreet Bank Seattle, Washington, United States 299 followers 245 connections Join to view profile HomeStreet Bank. I got married the first time because I was raised Catholic and that's what you were supposed to do. nonperforming assets, OREO valuation adjustments and accruals for incentive payments for all plan participants. HRCG is responsible for setting the policies and compensation levels for our directors and named executive officers and for determining the compensation of our Chief Executive Officer. The 2010 retention grants will terminate on the tenth anniversary of the date of grant if they have not been exercised in full before that time. The Board of Directors has determined that, with the exception of Mark Mason and Bruce Williams, all of its current members are approximately one-third of our total number of directors to be elected annually, an arrangement commonly known as a staggered board. While we have not established specific minimum qualifications for director candidates, we believe that candidates and nominees must reflect a Board The Audit Committee Report is included in this Proxy Statement. institutions. If any other matters are properly presented for consideration at the Annual Meeting, including, among other things, consideration of a motion to adjourn the Annual Meeting to another time or place Exchange Act). Health and Welfare Benefits. professional degrees and training in business and management. He takes this stuff all in stride.. Mr. Mason brings extensive business, managerial and leadership experience to our Board. president and chief executive officer, chief credit officer and director of San Diego Community Bank from 2001 to 2006. Among other things, the audit committee charter requires the Audit Committee to: oversee the financial reporting process on behalf of our board of directors, review and discuss the audited financial statements with management and Biographical information about each of the When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. All 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 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. To view Mark K. Mason's complete executive work history, 1100 Marshall Street, Redwood City, CA 94063 | Phone (650) 241-6600 | Fax (650) 701-0993, President, Chief Executive Officer and Director, Former Senior Executive Vice President and Mortgage Lending Director, HomeStreet Bank, Sign up now to view Mark K. Mason's 74 connections . Committee Membership of Directors of HomeStreet, Inc, Human Resources and Corporate Governance Committee Interlocks and Insider. At each annual meeting, our shareholders elect directors within one class, and each class is staggered in a manner that causes Mr. Hoostons awards granted in 2012 were With the exception of the base salaries for our Chief Executive Officer and The following table shows the compensation paid to our non-employee directors for 2011. The Sarbanes-Oxley Act of 2002 requires the Audit Committee to be directly responsible for the These agreements continue for a term of three years Based on the results of this assessment, we do not believe that our compensation policies and practices for all employees, including non-executive officers, create risks that are reasonably likely What happens if I sign and return my proxy card, but dont mark my votes? Policy, Homeowner incentive awards in 2011 as follows: Mr.Evans and Mr.Isemans incentive targets were two components: 50% corporate performance and 50% individual performance. Executive officers, directors and greater than ten percent shareholders are 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. As discussed above, in Director of the Bank. 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.Evans and Mr.Isemans cash incentives were $167,496 or 174.5% of target and $143,580 or 179.5% of target, respectively. executive and his dependents for up to 18 months. The 2010 Plan allows for a range of equity grants, including stock options, restricted stock or restricted stock units, stock bonuses or As of the record date, 7,162,606.8 shares of our common stock were issued, outstanding and entitled to vote at the Annual Meeting. Sign up Already have an account? ownership positions and transactions involving derivative securities relating to our common stock. Mr.Hoostons cash incentive awards were $481,226 or 160.4% of target and $89,014 or 74.2% of target, respectively. 2010 Equity Incentive Plan. 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 Sign up in seconds, it's free! THE BOARD 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). ESOP employer-directed investment accounts are invested in stocks, bonds and other investments selected by the ESOP fiduciary, the Companys retirement benefits committee. a retired business attorney. [3] In May 2000, the named changed to HomeStreet Bank. Thomas E. King. Mr.Bennion joined HomeStreet in 1977 and currently serves as the Banks Executive Vice President and Residential Lending Director. Mr. Employees are eligible to participate in the 401(k) Plan if they meet the applicable service requirements and are at least 18 years old. quorum exists, a majority of the voting power of those present at the Annual Meeting may adjourn the Annual Meeting to another date, time and place.
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