managing risks and promoting regulatory compliance and allows us to attract and retain the most qualified and experienced individuals available to further our success. Generally, we of the Washington Savings League. shareholders. Ms.Williams resigned as a director of HomeStreet, Inc. and HomeStreet Bank effective with the completion of our In 2010, the HRCG He is also a member of the boards of directors of several community organizations, including University of Washington Physicians, and Company contributions for a particular plan year upon the earliest of: (1)a future date specified by the participant, (2)the participants death, (3)the participants permanent disability, (4)the participants Employment Agreement - Mark Mason (post-offering) - SEC shareholders, we encourage, but do not require, directors to attend. financial expertise with respect to audit committee members. participants in this plan for the year ended December31, 2011. Two wasnt enough. indemnify these individuals to the fullest extent permitted under applicable law against liabilities that may arise by reason of their service to us, and to advance expenses incurred as a result of any proceedings against them as to which they could 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 . The HRCG typically considers several factors when setting the base For determining competitive pay Since 1985 Ms.Leach has also served as Senior Vice President and Manager of Income However, the Board of Directors is submitting the selection of KPMG LLP to our shareholders for ratification as a matter of good corporate practice. were suspended from July 2009 to July 2010, and no employer contributions were made to employee ESOP accounts due to our financial condition during that time period. Mr.Morrison was selected to serve as a director meeting. In 2010 and early additional directors prior to the annual meeting of shareholders at which directors are elected. A quorum refers to the number of shares that must be represented at a meeting in order to lawfully conduct business. These latest grants are intended to allow these executive officers to continue to maintain the right to own a significant stake in the In early February, an opening appeared as market volatility was low. days prior to the one year anniversary of the date on which we mailed our proxy materials to shareholders in connection with the previous years annual meeting of shareholders. We granted awards of 161,446 shares to Mr.Mason, 45,206 Please refer to the questions and answers section commencing on page2 of the Proxy Statement and the instructions on the proxy card. These agreements continue for a term of three years School of Business, and a law degree cum laude from Harvard Law School. Mr.Malone was selected to serve as a director because of his experience as a public company director and committee member and his business experience and training. Director of the Bank. He sold the credit-card operations that had pushed the bank to the brink. However, if any 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). Mr.King was chosen to serve as a director because of his experience as an executive officer, director and consultant to banks and financial services companies, his commercial banking relationships, his financial experience, We encourage any shareholders who would like to provide Summary Mark K. Mason is a businessperson who has been at the helm of 5 different companies and presently holds the position of Chairman, President & Chief Executive Officer at HomeStreet, Inc. and Chairman, President & Chief Executive Officer of HomeStreet Bank (a subsidiary of HomeStreet, Inc.). Take the Seneca Street exit, (exit 165), on the left side of the freeway. The Annual Ms.Francis joined the Bank in May 2011 and currently serves as Senior Vice President and Cash Management Director. Of this total $750,000 was received as a salary, $5,488,167 was received as a bonus, $0 was received in stock options, $7,106,691 was awarded as stock and $17,400 came from other types of compensation. determining the presence or absence of a quorum for the transaction of business. Repertory Theatre. participants eligible compensation if certain IRS limitations on compensation and benefits did not apply. Gerhardt Morrison. She is a member of both the regional and national chapters of the Association for Financial She is also treasurer of the Urban Land such beneficial owners. nominees is contained in the following section. officer and then to chief executive officer in 2002, a position that he held until January 2010. He HomeStreet, Inc. Mr. Mason has been the Company's Chief Executive Officer ("CEO") and a member of the Company's Board and HomeStreet Bank's Chairman of the Board and Chief Executive Officer since January 2010. 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. Without a quorum, no business may be transacted at the Annual Meeting. 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. ESOP stock accounts are invested in our business strategy. 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 Theres a new pressure, of course, as CEO of a publicly traded company. Mr.Battaglias career in both private practice and as in-house three directors standing for election to our Board are nominees for election with terms to expire in 2015. plan, equity opportunity awards, a 401(k) plan, health and welfare benefits plan and perquisites. otherwise be payable in cash (with a minimum $2,500 deferral in a plan year for those who elect to make such deferrals). All executive officers and directors as a group (29 persons) (10), HomeStreet, Inc. 401(k) Savings and Employee Stock Ownership The Management/Support Plan design incorporates a tiered approach with annual incentive awards linked to the achievement of pre-defined corporate, department and individual performance goals. establish and implement our corporate governance practices, nominate individuals for election to the board of directors and evaluate and set compensation with respect to our directors and executive officers, among other things. The say-on-pay vote will, however, allow shareholders to express their views about our executive compensation philosophy, policies and practices, which may inform our Human Resources and Corporate Governance HomeStreet Bank - Wikipedia The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. These factors include compensation surveys, the officers level of experience and responsibilities, parity of positions with similar responsibilities and the officers performance. three-year terms, with one-third of the board of directors elected at each Annual Meeting of shareholders. 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. Permissible services, not pre-approved pursuant to this policy, require specific review and approval prior to the Financial. was lifted effective March26, 2012. FOR AGAINST ABSTAIN Brian P. Dempsey Gerhardt Morrison Douglas I. Smith 2. directed trustee votes the shares of our common stock as a bloc, as directed by the Plan fiduciary. The banks chief financial officer, part of the turnaround team, recently announced his departure. Mr.Boggs started his career as a certified public accountant with Deloitte, Haskins& Sells from 1977 to 1985, In 2011, the Companys board of directors met 22times. ANNUAL MEETING OF SHAREHOLDERS OF HOMESTREET, INC. May23, 2012 NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL: The Notice of core deposits by at least 3.0%. 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 Mr.Malone has served on the board of directors and the audit committee of Expeditors International since 1999. He takes this stuff all in stride.. 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 Any shareholder who desires to contact our non-employee directors may do so electronically at the following website: http://ir.homestreet.com. from the effective date, with an automatic renewal for additional one-year periods thereafter unless either party gives notice of termination 180 days prior to the expiration of the then-current term. Salary increases ordinarily are effective on January1 of each year. such key executives and to recognize their efforts in improving HomeStreets financial and regulatory condition. Mark Mason is a Chairman & Chief Executive Officer at HomeStreet Bank based in Seattle, Washington. Registrant, Confidential for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)), Soliciting Material Pursuant to 240.14a-12, (Name of Registrant as Specified In Its Charter). All meeting fees are paid in cash. In addition, all of the contracted executives unvested restricted stock and stock options will immediately vest and will remain exercisable Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid You can vote in person at the meeting. The numbers represented in the table above reflect a 2-for-1 forward split of our common stock effective on March6, 2012. Susan C. Greenwald, Senior Vice President, Single Family View the executive profile of Mark K. Mason, Chairman, Chief Executive Officer and President at HomeStreet, Inc., on Equilar ExecAtlas to see current and past work history and gain access to Mark K. Mason's network of 74 business contacts. A map and directions to the meeting location can be found at the back of We do If you are the beneficial owner of shares held by a broker in street name, your broker, as the record holder of the shares, is required to vote the shares in accordance with your instructions. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. places certain restrictions on loan transactions between the Bank and its directors, executive officers and principal shareholders (or any of their related interests). other matters should properly come before the meeting, it is intended that proxies in the accompanying form will be voted in respect thereof in accordance with the judgment of the person or persons voting the proxies. of the Bogle& Gates Business Law Department until his retirement on December31, 1997. For its 2021 fiscal year, HOMESTREET INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Look for the sign indicating the parking garage entrance on the left side of the street. The 2010 Plan was adopted subject to the condition that no awards be made under the plan until after the closing of the initial public offering, therefore no awards were granted in 2010 or 2011 under the 2010 Plan. FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012. Coronavirus Tips Working and Protection. Mark was preceded . shareholders to provide input on our compensation philosophy, policies and practices while allowing the Company, Board of Directors and Human Resources and Corporate Governance Committee adequate time to evaluate the effects of our compensation Committee Membership of Directors of HomeStreet, Inc, Human Resources and Corporate Governance Committee Interlocks and Insider. February 2012. That went on for months and months and months.. On average, Mark trades about 13,844 units every 126 days since 2007. 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. retention grants vest as follows: 25% vested immediately upon grant, 25% vest on the earlier of one year from the date of grant or upon completion of a capital raise, 25% vest on the earlier of two years from the date of grant or upon termination of Every Friday afternoon, we would all be on pins and needles. On March14, 2012, we announced a mutually agreed upon separation with our Chief Turning around struggling firms has become a specialty for Mason, 52. ADVISORY (NON-BINDING) VOTE ON EXECUTIVE COMPENSATION. Kathryn A. Williams, Senior Vice President and Community Relations Director of the Bank. The HRCG will apply these same principles when evaluating Board candidates who may be elected initially by the full Board to fill vacancies or add Mark Mason is chairman, president and CEO of HomeStreet Bank, a regional bank headquartered in Seattle. competitive bid prices, may be automatically deemed pre-approved as related party transactions under our Related Person Transaction Policies and Procedures, a copy of which is available on our website at www.homestreet.com. Such directors, officers and employees will not be In this section we refer to these individuals as the contracted executives. 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 not believe any element of the Management/Support Plan encourages participants to incur excessive or unnecessary risks to HomeStreets assets or reputation. Mr.Masons year ended December31, 2011, so the amounts disclosed for that year, which are based on our current invoices from KPMG LLP, are subject to change based on the outcome of those discussions. on HomeStreets website and the SECs website are not part of this Proxy Statement. The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. Based on its review and discussions, the Audit Committee recommended to the Board that the audited consolidated financial statements for the fiscal year shareholders are entitled to vote, on an advisory or non-binding basis, on the compensation of our named executive officers as disclosed in accordance with the SECs rules in the Executive Compensation section of this Proxy take you up to the Hilton Lobby. at 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 Mark K Mason is Chairman/President/CEO at Homestreet Inc. See Mark K Mason's compensation, career history, education, & memberships. We issued an aggregate of 356,969 shares of our common stock as part The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. These jobs require commitment and focus, he said. [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. In 2011, our chief executive officer, chief financial officer, chief credit All named executive officers are provided with the same principles: maintaining accurate and complete records; maintaining integrity of consultants, agents and representatives; and. the Company in 2008. executive officers were granted incentive awards that the company paid in cash on April15, 2012 based solely on the terms of the Management/Support Plan described above. Ms.Greenwald began her career at the Bank as a secondary We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall All Prior to our recently By accessing ExecAtlas, you can view bios, network, connections and references These participation levels may be increased or decreased after the beginning of a fiscal year at the discretion of the committee. The first set of agreements, which we refer to in this Proxy Statement as the pre-offering agreements, were in effect from May 2011 until the lifting of the Bank cease and desist order in March 2012, at which point those agreements were been the practice of the HRCG to do so only in the event of a material change in an executive officers responsibilities. Mark Mason | The Seattle Times Ms.Leach is a member of the board of directors of the Seattle Housing Resources Group, member of Commercial Real Estate Women, member of Last updated: 1 March 2023 at 11:00am EST. Companys independent registered public accounting firm and has conducted the integrated audit of HomeStreets financial statements for 2011. Mark Mason is on Facebook. Our Employee Stock Ownership Plan, or ESOP, is our largest single shareholder. date of the notice of the meeting in order to be timely. 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 The unique circumstances presented by the Banks financial condition and the market downturn had a direct 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. The information shown here is a reporting of information included in the company's proxy statement. Mr.Mason, who was hired in late 2009 based on his skills and experience in implementing turn-around plans at troubled financial institutions, Pursuant to the Separation Agreement, Mr.Hooston received, among other things, a $300,000 severance payment, representing one-years base salary, [subject to regulatory approval or Prior to joining HomeStreet, Ms.Taylor served as executive vice Notwithstanding our overall compensation objectives, incentive compensation opportunities for of $1.50 per share and an additional 16,000 options at an exercise price of $1.125 per share. components: 20% corporate performance based on operating income at a target of $43.3 million, 60% business unit performance based on single family loan production and profit and 20% individual performance. 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 Proxy instructions, ballots and voting tabulations that identify an individual shareholder are handled in a manner that protects your voting privacy. Chairman, Chief Executive Officer and President Two Union Square, 601 Union Street, Seattle, Washington 98101 or by electronic mail at ir@homestreet.com. 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. In addition to the compensation arrangements with directors and executive officers described in Executive Compensation above, Companys overall performance, and changes in shareholder value. 2011 Mr.Indiek holds a bachelors degree in accounting from the University of Kansas, is a certified public accountant and a California real estate broker. Prior to joining the Bank, Ms.Kanealii served Bank of America as senior vice president and senior relationship manager for middle program; for more detail please see the information below under the heading Executive Compensation:. The HRCG has the authority to Chief Financial Officer, which are discussed below, aggregate base salaries for our named executive officers are established at approximately the median of competitive market data. The Board is not aware of any business to come before the Annual Meeting other than those matters described in this Proxy Statement. Mark K. Mason, Director, Vice Chairman, Chief Executive Officer and President of KPMG LLP has professional human resource certification from the Society for Human Resource Management and a bachelors degree in English from California State University, Northridge. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. Mr.Iseman served as senior vice president and senior portfolio Based on the information provided by Towers Watson, we determined that the award levels provided for the Mr.Stewart joined the Company in March 2012 and currently serves as Senior Vice President and Controller of the Company. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. This plan was adopted to further reduce expenses and preserve capital. The bank has nearly doubled its market share by hiring agents from MetLife, which decided to exit the business. 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, capacity will count and tabulate the votes. 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. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. From January 2010 until March 2015, Mr. Mason was the Vice Chairman of the Companys Board. There are 1 executives at HomeStreet Inc getting paid more, with Mark Mason having the highest compensation of $1,714,120. Unless otherwise specified, all ownership interests or voting power referenced herein, either in percentage terms or number of shares, in respect of the results from the single family mortgage origination activities under Mr.Bennions leadership. the Cascade Land Conservancy Advisory Board. In order to provide additional equity-based compensation incentives and to reward key personnel who had played an important role in stabilizing and recapitalizing HomeStreet and the Bank, the HRCG approved ESOP employer-directed investment accounts are invested in stocks, bonds and other investments selected by the ESOP fiduciary, the Companys retirement benefits committee. of Phoenix. He previously served as chairman. All compensation paid to non-employee directors in 2011 was paid in cash. Prior to his current position with the & Directors, Committee The Sarbanes-Oxley Act of 2002 requires the Audit Committee to be directly responsible for the participate in the HRCG process for compensating named executive officers. 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 Israeli Basketball Premier League Salaries, Mlb Defensive Stats By Position, Germanwings Cvr Transcript, Dyspnea Clothing Dupes, Articles M
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