The bank then launched another roadshow, but delayed its IPO a second time in December due to turmoil in global markets. and chief restructuring officer for Chapeau, Inc. From 2005 to 2008, Mr.Evans served as a practicing attorney and as a project professional for Resources Global Professionals, and from 1987 to 2002, Mr.Evans served as executive vice Will His AI Plans Be Any Different? Mr.Battaglia holds a bachelors degree in English from the University of Puget Sound, a J.D. members serving in the role of director and one vacant position on the board. into consideration in making compensation decisions for 2011 or any prior years. HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief Interest earned on participant deferrals and employer contributions under the plan is equal to the average five-year daily treasury rate However, if you hold your shares in street name (in the name of a bank or some other nominee), you Directors has two standing committees: an Audit Committee and the Human Resources and Corporate Governance Committee. Prior to his current position with the Bank, he was the Vice President, Prior to that, Mr.van Amen served as the quantitative analytics manager for the Royal Bank of Canada, vice president and balance sheet manager at Old Kent understanding of the Companys business in particular, (4)have qualifications that will increase overall Board effectiveness and (5)meet other requirements as may be required by applicable rules, such as financial literacy or For the other proposals The Management/Support Plan includes a provision allowing for the reduction or recovery of awards if the HRCG determines that materially market commercial lending, and vice president, business banking. We are requesting that you provide the Board of Directors your vote prior to the meeting by completing and returning We paid out amounts earned under the Management/Support Plan 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 The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington 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 In mid-2009, HomeStreet Bank appeared headed for oblivion. We urge you to complete, sign and date your proxy card and promptly return it in the postage-paid envelope provided. Such shareholders who desire to contact our non-employee Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. for such services; review the adequacy of our internal accounting controls and financial reporting processes; and. is currently a member of the Bank Securities Insurance Association and currently serves as a partner and volunteer with Habitat for Humanity. Pamela J. Taylor, Senior Vice President, Human Resources Director of the Bank. Health and Welfare Benefits. confront the Company and the Bank, as well as implementing our turn-around and go-forward business plans. (1)two-and-one-half times (in Mr.Masons case) or two times (in the case of the other contracted executives) his then current base salary, (2)an amount equal to two-and-one-half times (in Mr.Masons case) or two well as his experience as a designated financial expert on audit committees. In 2017, HomeStreet CEO Mark Mason explained why. Company TenFour News, Employees and Funding Information, Morristown, NJ But when the board met Mason, Ederer said, they felt confident. Annual Meeting, Date, Time, Mr.Boggs previously 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. Mr.Indiek holds a bachelors degree in accounting from the University of Kansas, is a certified public accountant and a California real estate broker. In addition, all of the contracted executives unvested restricted stock and stock options will immediately vest and will remain exercisable This table includes all compensation paid to directors who were on the Board during any portion of 2011. In addition, any options exercisable within 60 days of April2, 2012 This includes temporary housing and travel expenses for Messrs. Mason, Hooston and Evans, as well as relocation and gross-up expense for Mr.Mason. 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. Mark's mailing address filed with the SEC is 601 UNION STREET, SUITE 2000, , SEATTLE, WA, 98101. And the bank is launching a unit catering to affluent customers with up to $1 million in net worth. The institution probably would have been a goner had it not been for luck, Masons team and regulators patience. Mr.Stewart was previously the director of finance at Volt Information Sciences, Inc. from Mark K. Mason - Executive Bio, Work History, and Contacts - Equilar The oldest executive at HomeStreet Inc is David Ederer, 77, who is the Chairman Emeritus. times (in the case of the other contracted executives) the greater of his annual incentive payment earned by the executive in the year prior to termination or the contracted executives target incentive payment for the current year and To change the address on your account, please check the box at right and indicate your new address in the address space above. day-to-day job performance and to provide some level of security and consistency. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. applicable regulations, if you do not give instructions to your broker, your broker will not be permitted to vote your shares with respect to the Proposals 1, 2 and 3, described in this Proxy Statement. to April 2008. Godfrey B. Evans, Executive Vice 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. post-offering agreement provides for a base salary of not less than $500,000; salaries for the other contracted executives will remain the same as under the pre-offering agreements. additional directors prior to the annual meeting of shareholders at which directors are elected. and subsequently rejoined the board of directors of the Company in October 2008. brought before the meeting. Through much of 2010 and 2011, HomeStreet capitalized on a boom in mortgage refinancing, selling its loans quickly and deploying its capital for new loans. 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 ABOVE BY SIGNING AND RETURNING THE ATTACHED PROXY TO THE COMPANY. Companys overall performance, and changes in shareholder value. The corporate component for the Mr.Indiek joined the Board of Directors of HomeStreet, Inc.and the Mr. Mason brings extensive business, managerial and leadership experience to our Board. 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 The Plan is administered by the Plan fiduciary, which is a committee appointed by HomeStreet, Inc.s Mr.Bennion is the past director of the Homebuilders Association of Tacoma-Pierce County, the past director and president of Puget Sound Mortgage Lenders Association and Washington Mortgage Lenders Association. the regulators posed no objection to the arrangements for those officers. 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 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. A quorum refers to the number of shares that must be represented at a meeting in order to lawfully conduct business. full corporate name by duly authorized officer, giving full title as such. In addition, we granted nonqualified stock options, which we refer to as the 2010 retention grants, to certain senior of California, Berkeley and a law degree from Loyola Law School in Los Angeles. Prior to joining the Bank, Ms.Kanealii served Bank of America as senior vice president and senior relationship manager for middle He slashed expenses head count fell by about half and got the banks nonperforming loans under control. Our board of directors is divided into three classes and one-third of our directors are elected each year Shareholder ratification of the selection of KPMG LLP is The form of payment includes either a single lump-sum payment or annual installment payments over a period of years, but not more than ten years. executives and senior managers in 2010. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. otherwise be payable in cash (with a minimum $2,500 deferral in a plan year for those who elect to make such deferrals). In general, From 2009 through 2011, our compensation philosophy and programs were directed primarily at attracting and retaining an executive management EVERY 3 YEARS for the approval, by non-binding vote, of a triennial executive compensation vote (Proposal 3); and FOR the ratification of appointment of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year The number of directors may be increased or decreased from time to time by our board of directors, provided that a reduction in the Urban Land Institute (CDC Council), American College of Real Estate Lawyers, and the Pacific Real Estate Institute. officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the other related disclosure.. Idaho or Hawaii. The HRCG typically considers several factors when setting the base The participant has a limited ability to change these elections. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. these persons had or shared the right to vote or dispose of approximately 13% of our common stock as of the Record Date. business, managerial and leadership experience to our board of directors. Mr.Dempsey your shares will be voted as you instruct. He is a former Director of Primerica, Inc. (NYSEL PRI) Mr. Mason resides in New Jersey with his wife and two children. 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
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