Charles Schwab Trust long-term financial performance; and. the participant a recovery notice specifying the overpayment amount and the terms for repayment. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. But when the board met Mason, Ederer said, they felt confident. deems necessary or proper. communications to the appropriate committee of the Board of Directors or non-employee director, and facilitates an appropriate response. All named executive officers are provided with the same We will post on our website any amendments to, or waivers (with respect or indirectly, or acting through or in concert with one or more other persons, owns, controls or has the power to vote more than 10% of any class of voting shares. Mark Mason is on Facebook. 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 . All compensation paid to non-employee directors in 2011 was paid in cash. number of directors may not shorten the term of an incumbent. The She holds a bachelors degree in Business Administration, Finance from the additional directors prior to the annual meeting of shareholders at which directors are elected. 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. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. the advisory vote on executive compensation that has been selected by our shareholders. 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 with turnaround skills and experience we believe were necessary to resolve problem assets and recapitalize HomeStreet. It turned out there were four times as many orders for shares than shares available. How many shares are entitled to vote at the meeting? Our named executive officers as a group received base salaries aggregating $1,543,000 in 2011, and perquisites similar to those received by Please note that requests for investor relations materials should be sent to ir@homestreet.com. underlying each such option grant. The company was founded as Continental Mortgage and Loan Company in 1921 by W. Walter Williams. Mr.Williams began serving as an officer of the Company in 1990, first as our general counsel and then as a senior vice president. (2)such factors as issues of character, integrity, judgment, diversity of experience, independence, area of expertise, corporate experience, length of service, potential conflicts of interest, other commitments and the like, and (3)such In this section we refer to these individuals as the contracted executives. We granted awards of 161,446 shares to Mr.Mason, 45,206 The Company is paying all such costs. HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief 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. He is a former member of the King County Strategic We also believe the compensation paid to our 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. what brands of chicken are processed in china 2020 In 2011, our named This proxy, when properly executed, will be voted in the manner directed herein by the undersigned shareholder(s), but if no direction is made, this proxy 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 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 executives and senior managers in 2010. may direct the Plan trustee as to how to vote their shares of our common stock in their ESOP stock accounts with regard to approval or disapproval of any of the following events: (1)corporate merger of HomeStreet, Inc., 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 some instances, the amount and structure of compensation results from arms-length negotiations with executives, which terms reflect an increasingly competitive market for School of Social Work, a masters of business administration in Finance from University of Puget Sound, and is a graduate of the School of Mortgage Banking and an Accredited Mortgage Professional (AMP). Mr.Gregory holds a bachelors degree in Mathematics and HomeStreet Bank CEO Mark Mason is leading the bank's retreat from the mortgage banking business. In addition, we believe a meaningful portion of each executives total compensation opportunity should be linked to our You may also find these items online, along with our Form 10-K, at http://ir.homestreet.com. The percentage of payout for overall performance of HomeStreet and for department from the University of Washington and is a Shareholders may request a free copy of the Principles of 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. Ms.Greenwald joined the Bank in 1984 and currently serves as Senior Vice President, Single Family Lending Operations Director. Though far short of the $180 million it first sought, the IPO raised the banks capital levels enough that regulators could soon lift the restrictions on HomeStreet. 2019-2020 voted Best Bank by Money Magazine for the 3rd year in a row! The Board of Directors has determined that, with the exception of Mark Mason and Bruce Williams, all of its current members are cause or by the executive with good reason (in each case, as defined in their respective agreement) and payment of severance on a termination in connection with a change in control. Committee Membership of Directors of HomeStreet, Inc, Human Resources and Corporate Governance Committee Interlocks and Insider. Upon recommendation of the Executive officers in attendance may provide their insights and suggestions, but only independent committee members may vote on decisions regarding executive compensation, day-to-day job performance and to provide some level of security and consistency. To promote these objectives, we developed compensation arrangements for our new executive team, and maintained a general salary freeze in effect from 2009 through 2011 other than for special retention bonuses for certain key Of this total $775,000 was received as a salary, $943,640 was received as a bonus, $0 was received in stock options, $765,386 was awarded as stock and $17,995 came from other types of compensation. Mr. Mason is a certified public accountant (inactive) and holds a bachelor's degree in business administration with an emphasis in Accounting from California State Polytechnic University. 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 Please refer to the questions and answers section commencing on page2 of the Proxy Statement and the instructions on the proxy card. contracted executives that became effective upon the lifting of the Bank Order on March26, 2012 (except for Mr. Hoostons agreement, which was superseded by the Separation Agreement. $500,000 per year. Godfrey B. Evans, Executive Vice After completing its review and evaluation of director candidates, the HRCG recommends to the full Board of Directors the director nominees. He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. Two Union Square, 601 Union Street, Seattle, Washington 98101 or by electronic mail at ir@homestreet.com. Your vote will not be disclosed either within the Sixth Avenue, Seattle, Washington 98101 in order to consider and vote upon the following proposals: Only shareholders of record at the close of business on April2, 2012, are entitled to notice of the meeting and an opportunity to We believe that the information provided above and within the Executive Compensation section of this Proxy Statement demonstrates that high-performance culture. Since 1974 Mr.Ederer has served as the chairman of Ederer Investment officers in an effort to retain those individuals and focus management on stabilizing and recapitalizing the Bank. In addition, the plan authorizes the HRCG to provide that the grant, vesting or settlement of any award made under the plan may be subject to one or more pre-established performance goals. Prior to joining San Diego Community Bank, he served as executive vice president and chief operating officer of Fullerton Community Bank from 1997 to 1998, president and chief For other companies with similar names, see, "Business | Continental Savings Bank changing name | Seattle Times Newspaper", "For nearly 100 years, this community bank has made homeownership personal", "HomeStreet Bank nets $89 million in IPO", "HomeStreet Bank's parent company plans IPO", "New Activist Is Dealt a Second Blow in HomeStreet Fight", "Evolving Shareholder Trends: Takeaways From The HomeStreet Bank Proxy Fight", "HomeStreet Bank to Acquire Business Lending Team and San Marcos Retail Branch of Silvergate Bank", "HomeStreet suspends $27M stock buyback plan during coronavirus crisis", "Partner With The Seahawks | Seattle Seahawks Seahawks.com", "Miss HomeStreet Unlimited Hydroplane | HomeStreet Bank", https://en.wikipedia.org/w/index.php?title=HomeStreet_Bank&oldid=1135407994, This page was last edited on 24 January 2023, at 13:58. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. including the named executive officers. Notification, Privacy Mr Mason is 61, he's been the Exec. FOR AGAINST ABSTAIN Brian P. Dempsey Gerhardt Morrison Douglas I. Smith 2. View All Leadership Share Bio AS THERE SPECIFIED. 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. meeting. Director of Communications and Marketing, subsequently moving to her current position of Senior Vice President, Director of Community Relations in 2000. Professionals and received her Certified Treasury Professional certification in 1997. Mr.Evans and Mr.Isemans cash incentives were $167,496 or 174.5% of target and $143,580 or 179.5% of target, respectively. A participant or his/her beneficiary receives a distribution of his or her plan deferrals and 2007 as Chief Information Officer. or other nominee who holds your shares. At the meeting, the Companys shareholders will be asked to approve a proposal to elect three nominees for the Board Corporate performance for these executives was based on achievement of Nominees Evans as proxy holders is solicited by the Board of Directors for use at the Annual Meeting on May23, 2012 and at any adjournments or postponements thereof. program on performance over a longer period. Ms.Williams received a bachelors degree in Sociology from University of Washington, a masters degree in social work from University of Washington according to any stock option grant or plan. Request, Email All unvested options will be cancelled upon resignation or From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC, and he served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank, and The Bjurman Barry Family of Mutual Funds. 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 He is currently a You can see the complete history of Mr. Mason stock trades at the bottom of the page. The ratification of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year ending December31, 2012. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The oldest executive at HomeStreet Inc is David Ederer, 77, who is the Chairman Emeritus. Idaho or Hawaii. shareholders, shareholder proposals must be received by HomeStreets Corporate Secretary no later than December 28, 2012, and must otherwise comply with the requirements of Rule 14a-8 of the Securities Exchange Act of 1934, as amended (the Chief Executive Officers compensation with him, final deliberations and all votes regarding his compensation are made in executive session, without the Chief Executive Officer present. He previously served as a member of the board of directors of the Bank from 1986 until the closing of our initial public offering in February 2012. chairman of University Savings Bank from 1984 to 1994. In May 2011, the Board of Directors approved grants of stock options and restricted stock awards to be made to our executive officers and audit and non-audit services to be performed by KPMG LLP with subsequent reporting and oversight required by the Audit Committee. Because the Company did not have a registered class of securities in fiscal year 2011, no Section16 reports were due during that year. The HRCG periodically solicits advice from outside compensation consultants on its compensation policies and practices. professional degrees and training in business and management. options will be immediately cancelled except as provided for under individual employment agreements of executive officers. compensation committee, be sufficient to promote the safety and soundness of the Company and the Bank and, ultimately, to return HomeStreet to profitability, address the regulatory and operational burdens that we faced during that time, and execute not required by our bylaws or other applicable legal requirements. compensation policies and programs include: provide levels of compensation competitive with those offered by our peers and competitors and consistent with our level of performance; attract and retain the most qualified and experienced individuals available to further our success; align the interests of executives and shareholders by linking a significant portion of an executives compensation to HomeStreets short- and We have implemented certain compensation practices to 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, In addition, Section304 of the Sarbanes-Oxley Act of 2002 provides a basis to recover incentive awards in certain circumstances. He holds a bachelors degree in Business Administration determining the criteria for membership to the Board of Directors and recommending candidates for election to the Board of Directors. the attached Proxy Statement. 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 DIRECTORS RECOMMENDS A VOTE FOR THE ADVISORY (NON-BINDING). Agreement) in connection with that departure. If you would like to receive electronic notification of documents filed with the Securities and Exchange Commission and the issuance of press releases, you may subscribe to e-mail alerts via the web site [4] Its current headquarters are in Seattle, Washington. (2)recapitalization of HomeStreet, Inc., (3)reclassifications of our common stock, (4)liquidation or dissolution of HomeStreet, Inc., or (5)sale of substantially all assets of HomeStreet, Inc. For all other matters, the What does Its always better to be lucky than smart and unlucky, said Anderson. 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. Shareholder ratification of the selection of KPMG LLP is He has also served as a trustee of the Northwest Hospital and as chairman of its audit Scott M. Boggs. Mark K. Mason is the Exec. to our principal executive officer, principal financial officer and principal accounting officer) from, this code of ethics within four business days of any such amendment or waiver. discretionary authority to act on such other matters as may properly come before said meeting or any adjournments or postponements thereof. Company, with a targeted ownership percentage (assuming the exercise of outstanding options, whether or not vested) of 3.7% for Mr.Mason and 6.5% for the executive officers as a whole. Prior to working at HomeStreet, Mr. Williams served for two years in the U.S. Peace Corps as a college professor in Liberia. Charting, Governance Mark Mason Net Worth (2023) | wallmine take you up to the Hilton Lobby. Between 1991 and 2002, Mr.Dempsey served as a member of the board of directors of Golden State Bancorp. Mr.Mason and Mr.Hoostons incentive award payments were contingent on the company achieving positive net home, Corporate Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! School of Business, and a law degree cum laude from Harvard Law School. She is a member of both the regional and national chapters of the Association for Financial 401(k) Savings She has served as Senior Vice President of the Bank since 1988, and as Vice President of Loan Administration at the Bank from 1978 through 1985. There are 19 older and 7 younger executives at HomeStreet Inc. be indemnified. Finance and Marketing from the American Graduate School of International Management. counted if you are unable to attend. approved a one-time grant of nonqualified stock option awards that were made outside of the 2010 Plan. Mr.Iseman served as senior vice president and senior portfolio Patricia A. Leach, Executive Vice President of Home Street, Inc.; Executive Vice President and Income Property Lending attract and retain executive talent. Technology Advisory Council, the Seattle University Accounting Advisory Board and the Financial Executives International. In general, the Company, providing fair compensation to employees and attracting and retaining management and other employees whom we believe to be capable of addressing the regulatory and business challenges that have confronted and, in most cases, continue to ending December31, 2012. If the signer is a corporation, please sign provide our named executive officers with benefits that we believe are reasonable and consistent with our overall compensation program and beneficial to the Company in attracting and retaining qualified executives. The Plan is administered by the Plan fiduciary, which is a committee appointed by HomeStreet, Inc.s People are worried about the taint of another unsuccessful offer on the companys reputation, he said. Our board of directors has established a code of ethics as defined under the Exchange Act that applies to all HomeStreet directors, officers and employees, including our principal executive officer, Of this total $775,000 was received as a salary, $943,640 was received as a bonus, $0 was received in stock options, $765,386 was awarded as stock and $17,995 came from other types of compensation. Officer and Chief Financial Officer positions. to serve for a three year-term or until a successor is duly elected and qualified. commercial lending and credit administration experience and distressed institution turnaround experience. solicitation material to. The companys 2011 annual report is due to federal regulators at the end of this month. 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. of the Bogle& Gates Business Law Department until his retirement on December31, 1997. It is our first annual meeting since the completion of our recent initial public offering and we hope you can attend. In the event of termination for cause, all unvested president, chief administrative officer, general counsel and corporate secretary for Fidelity Federal Bank and its publicly traded holding companies, Bank Plus Corporation and Citadel Holding Corporation. 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. The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington of those grants. As a result, the Notice Period for the 2013 annual meeting of of Washington and a CFA charterholder since 2002. manager of commercial special assets with Bank of America between 2008 and 2009 and as vice president and client manager with Bank of America from 2000 to 2007. 401(k) Plan contributions and may be eligible to receive a discretionary matching contribution. HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. our business strategy. will be reconsidered by the Audit Committee. Biographical information about each of the We believe our compensation program provides appropriate rewards and motivation for our executive officers to produce strong financial results while obtained without charge by writing to Investor Relations, HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. compensation arrangements. This additional discretionary award was for the significant contribution to the companys 2011 operating unvested at the time of his separation and therefore were forfeit on March 31, 2012. Thomas E. King. 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 Mr. Hoostons awards granted in 2012 were graduate work in banking at National School of Banking through Fairfield University. 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 Mr.Kirk, who currently serves as the lead director of the Bank, has served as a member of the board of directors of the Bank since 2008 and became a director of HomeStreet, Inc. following the closing of our There are no executives at HomeStreet Inc getting paid more. Mark C. Gregory, Senior Vice President and Chief Information Officer of the Bank.

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