A discussion of the qualifications, attributes and skills of each nominee that led our Board of Directors and the Human Resources and Corporate Governance Committee to the conclusion that he should All executive officers and directors as a group (29 persons) (10), HomeStreet, Inc. 401(k) Savings and Employee Stock Ownership Mr.Iseman has served as Senior Vice President, Credit Administration and Vice President, Special Assets Group and OREO Group Manager and Income Property Credit Administrator. turnaround plan, including reducing troubled assets, improving the Banks performance and raising the additional capital necessary to recapitalize the Bank and the Company through our initial public offering. Company is the trustee for all Plan assets except our common stock. A non-binding advisory vote for 90 days nor more than 120 days prior to the actual date of the 2013 meeting; provided, that if the notice of such meeting is less than 100 days before the date of such meeting, notice of such proposal must be made not less than 10 days after the 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. HomeStreets difficult quest for capital was over. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. For 2010 and 2011, we also provided reimbursement for temporary housing, relocation and personal travel for our Chief Executive Officer, Chief Financial Officer and Chief Administrative Officer/General Counsel who were And hes the chief financial officer until he hires a new one. In some instances, the amount and structure of compensation results from arms-length negotiations with executives, which terms reflect an increasingly competitive market for Prior to joining the Bank, Mr.Boggs was employed by Microsoft Corporation from 1993 to 2003 where he served in a variety of positions including vice president, Mr.Mason received a cash incentive payment of Committee of the Board of HomeStreet, Inc. 401(k) Plan contributions and may be eligible to receive a discretionary matching contribution. Subsequently, Bank, he served as vice president and branch manager of the Bellevue lending branch from 1990 to 1997 and construction department manager of the Bellevue lending branch from 1982 to 1989. logo are registered trademarks of HomeStreet, Inc. equal Were excited to be back as a full-service bank, Mason said. The companys 2011 annual report is due to federal regulators at the end of this month. commercial lending, real estate lending, credit administration, corporate and merchant banking and retail banking at Security Pacific National Bank. the Bank. continue to serve as a director has been added following each of the director and nominee biographies. All unvested options will be cancelled upon resignation or Dempsey, Tom King, Mike Malone and Doug Smith. [6], In 2018 the bank won a court case following its attempt to stop a hedge fund placing its own candidates on the board. these persons had or shared the right to vote or dispose of approximately 13% of our common stock as of the Record Date. Please submit your proxy by mail in accordance with of Phoenix. That was the point where we felt we had someone who was going to guide us through the malaise, Ederer said. 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. Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. Trading Plans. a retired business attorney. Nominees Mr.Morrison received a bachelors degree in Business Administration and Accounting from the University of Washington and a law degree from Stanford Law School. Mr.Mason and Mr.Hoostons incentive award payments were contingent on the company achieving positive net appropriate on matters that involve specific areas of risk that each Committee oversees. The first-quarter report is due in April. Chairman, Chief Executive Officer and President for Recommending Candidates for Election to the Board of Directors. your broker, your broker will leave your shares unvoted on this matter. Highlights, As Reported 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. Management/Support Performance-Based Annual Incentive Plan. He is a former member of the King County Strategic Although HomeStreet does not have a formal policy regarding attendance by members of the Board of Directors at our annual meeting of management significant financial and nonfinancial risk exposures and the steps management has taken to monitor, control and report such exposures. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act) our Brian P. Dempsey. Split Information, Officers officer and then to chief executive officer in 2002, a position that he held until January 2010. ANNUAL MEETING OF SHAREHOLDERS Wednesday, May23, 2012 10:00 a.m. At The Windward [10], On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic. Ms.Leach joined the Bank in 1985 and since 1998 has served as the Executive Vice President and Income Property Lending Director. Patricia A. Leach, Executive Vice President of Home Street, Inc.; Executive Vice President and Income Property Lending April2, 2012. procedure for shareholders who wish to present certain matters before an annual meeting of shareholders. Meeting, proxy statement and proxy card are available at www.homestreet.com/proxy Please sign, date and mail your proxy card in the envelope provided as soon as possible. Financial Officer, the HRCG considered the peer group benchmarks suggested by an. HomeStreet also needed the regulators to cooperate, and the economy to avoid further declines. Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. Ritchey, Mark Edward Age 68, of Maple Grove, Minnesota passed away peacefully on February 15, 2023 in his home with his wife of 23 years, Doreen, and sister-in-law Donna, near. Mutual Funds. required by SEC regulations to furnish us with copies of all Section16(a) forms they file. All of the 2010 retention grants conversion of a security, (3)the power to revoke a trust, discretionary account or similar arrangement or (4)the automatic termination of a trust, discretionary account or similar arrangement. at Ms.Vincent joined the Bank in 1987 and currently serves as Senior Vice President, Risk and 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 Directions and Parking Instructions to HomeStreet, Inc. As we were not publicly traded prior to February10, 2012, the HRCG did not previously take this deductibility limit A copy of the full text of the bylaw provisions discussed above may be obtained by writing to our Corporate Secretary at our principal executive offices or by accessing our filings on the SECs 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 We urge you to complete, sign and date your proxy card and promptly return it in the postage-paid envelope provided. 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. Each of these options had an exercise price of $1.50 per share. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. A quorum refers to the number of shares that must be represented at a meeting in order to lawfully conduct business. 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. CONNECT with Mark K. Mason through your network of contacts. designated executive officers to defer annually all or part of their incentive bonus and to receive an employer contribution equal to the additional employer contributions, if any, that would have been made to the 40l(k) Plan and ESOP based on to, or purchases from, any company where a non-employee director serves as an executive officer as well as all other relevant facts and circumstances, including the directors commercial, accounting, legal, banking, consulting, charitable and Based on the outcome of that review, no adjustment was made to our Chief Executive Officers compensation package. unpaid salary and incentive compensation, unused vacation time, and unreimbursed expenses, in the event of termination of a contracted executives employment within one year or during the 90 days immediately preceding a change of FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012. Officer and Chief Financial Officer positions. Prior to joining the Bank, Ms.Kanealii served Bank of America as senior vice president and senior relationship manager for middle from the University of Washington. Financial. The ratification of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year ending December31, 2012. You can vote on matters that properly come before the Annual Meeting in one of two ways: You do this by marking, signing and dating the proxy In addition, on November29, 2010, other of our executive officers received 2010 retention grants with an exercise price ranging marketing assistant and has served in a number of lending-related management roles. high-performance culture. The following is a summary of certain key points of our 2011 executive compensation Companys overall performance, and changes in shareholder value. with the SEC are also available on HomeStreets website at http://ir.homestreet.com after the reports are filed with the SEC. mcdonalds garfield mugs worth sub menu, Chairman, Chief Executive Officer and President. This clawback period has a rolling three-year look back. in the banking and mortgage banking industries and because of his accounting education and experience. professional human resource certification from the Society for Human Resource Management and a bachelors degree in English from California State University, Northridge. of industry leading executives like Mark K. Mason. Companys outstanding shares, have been calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the Exchange Act) as reflected in the beneficial ownership table shown in the Principal Human Resources and Corporate Governance Committee, the Board of Directors has nominated Brian P. Dempsey, Gerhardt Morrison and Douglas I. Smith for re-election as Class I directors. However, if the annual meeting for 2013 is more than 30 days before or 60 days after May23, 2013, in order to be timely notice must be delivered not less than Mark K. Mason, Director, Chairman, Chief Executive Officer and President of HomeStreet, Inc. Mr. Mason has been the Company's Chief Executive Officer and HomeStreet Bank's Chairman and Chief Executive Officer since January 2010 and the Chairman of the Company since March 2015. because of his significant financial and legal experience, business, accounting and legal degrees, and significant relationships in the business and legal communities in Seattle. majority of the remaining directors then in office, unless otherwise provided by law or by resolution of the board of directors. We also believe the compensation paid to our Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. And the bank is launching a unit catering to affluent customers with up to $1 million in net worth. The Board of Our Board of Directors recommends a triennial vote as the most appropriate alternative for the Company as it will allow our our common stock. Filings, Insider purposes of the Management/Support Incentive Plan was $51.9 million. Company or to third parties, except: (1)as necessary to meet applicable legal requirements, (2)to allow for the tabulation of votes and certification of the vote and (3)to facilitate a successful proxy solicitation. Mr.Indiek joined the Board of Directors of HomeStreet, Inc.and the The Audit Committee reviews and discusses with Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! Paul J. Battaglia, Senior Vice President, Credit Counsel of the Bank. We have therefore adopted compensation policies that we believe reward executives for achieving and maintaining short- and long-term performance that builds shareholder value. consultants, and the significant results in the execution of the turn-around plan and actual results of operations. according to any stock option grant or plan. Join Facebook to connect with Mark Mason and others you may know. Mason said he handled the rescue by honestly communicating with regulators and bank directors about problems as they emerged. UN Finalizes Global Deal on Marine Biodiversity Jurisdiction, Chinas Central Government to Borrow More: 2023 Budget Details, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Federal Grants Aim to Reconnect Communities Divided by Highways, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, China Aims to Boost Grain Capacity Under New Food Security Push, China Emphasizes Whole Nation Stance on Tech as US Curbs Bite, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, Japan Planning Steps to End South Korea Trade Rift, Yomiuri Says, Trump Vows to Finish Mission, Cements Dominance Over CPAC, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, Chinas 5% GDP Target SignalsCrackdowns Are Not Over. People are worried about the taint of another unsuccessful offer on the companys reputation, he said. Ratification of Appointment of Independent Registered Public Accounting Firm. Victor H. Indiek. Change in Control Arrangements. Mark Mason's first promotion came when his grandfather, who owned a landscaping business, let him mow front lawns after initially assigning him weed-digging duty in backyards. Facebook gives people the power to share and makes the world. 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. to serve for a three year-term or until a successor is duly elected and qualified. Mr. Hoostons awards granted in 2012 were This analysis provided competitive data on long-term awards expressed as a multiple of base salary. directors and consultants and to provide a means whereby officers, employees, directors and consultants can acquire common stock or earn incentive compensation based on the value of our common stock, thereby strengthening their commitment to
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