ADVISORY (NON-BINDING) VOTE ON EXECUTIVE COMPENSATION. Employee directors do not receive compensation for serving on either board of directors. Fifty percent of the annual retainer is paid in cash and the In 2011, we also entered into new employment agreements (the post-offering agreements) with each of the HomeStreets executive base salaries are intended to be competitive with our peers. Based on such review and discussion, the members of the HRCG have recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement. He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. 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. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Audit Committee reviews and discusses with Who is paying independence. You may cast your vote on your preferred voting frequency by choosing the option of one year, two years, three years or abstain from THE BOARD 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. Plan& Trust. Agreement) in connection with that departure. incentive ranges are designed to provide market-competitive payouts for the achievement of target and maximum performance goals. We generally do not pay bonuses under any of our incentive Every Friday afternoon, we would all be on pins and needles. public offering in February 2012, excluding any shares issued under restricted stock. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act) our Submitted by the Audit directors by mail may do so by writing HomeStreets Corporate Secretary at HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. She returned to the Bank in 1988 as Senior Vice President and The HomeStreet IPO appears to be the first time since at least the 2008 crisis that a troubled bank has recapitalized through an IPO instead of being sold. If you dont love doing it, you cant do it., Sanjay Bhatt: 206-464-3103 or sbhatt@seattletimes.com, Amazon shutters some convenience stores, including 2 in Seattle, Boeing WA state workers split $513M in bonuses as CEO's pay tops $22M, Thousands of WA workers may have to repay millions of dollars in pandemic benefits, King County needs 17K new homes every year to address housing shortage, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs. 2010 Retention Grants. 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. Definitive Proxy Statement 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 your broker, your broker will leave your shares unvoted on this matter. University Street curves and becomes Seventh Avenue. Participation. References to the Annual More specifically, Directions and Parking Instructions to HomeStreet, Inc. 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 did amanda kenney leave wtaj - drsujayabanerjee.com with turnaround skills and experience we believe were necessary to resolve problem assets and recapitalize HomeStreet. leave. Mr.King, joined the board of directors of the Bank in 2010 and became a director of HomeStreet, Inc. following the closing of our initial public offering in February 2012. according to any stock option grant or plan. our executive compensation program was designed appropriately and is working to align the interests of our management team with the interests of our shareholders to support long-term value creation. Other than as set forth in this section, the All proxy statements are public filings made available to the general public by the SEC. Ms.Greenwald joined the Bank in 1984 and currently serves as Senior Vice President, Single Family Lending Operations Director. proven expertise and managerial talent. David A. Ederer, Director and Chairman of the Board. Seventy-five percent of these awards were granted as stock options, with an exercise price of $22 per share (after giving effect to a 2-for-1 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. Charting, Governance please cross through the name of the relevant nominee and clearly print the name of your proposed director alongside the stricken candidate. 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 . Hospital and Seattle Pacific University. Equity Grants Effective at Closing of our Initial Public Offering. 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. marketing assistant and has served in a number of lending-related management roles. Mr Mason is 61, he's been the Exec. Mr.Dempsey was selected to serve as a director because 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.. as part of the 2010 retention grants. George principles: maintaining accurate and complete records; maintaining integrity of consultants, agents and representatives; and. DOUGLAS I. SMITH. he serves on the National Council of the National Trust for Historic Preservation, the board of directors of the Northwest African American Museum, and the board of directors of Capitol Hill Housing in Seattle. addition, the Board has. Prior to his current position and since joining the Company in 2009, 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 The Companys Human Resources and Corporate Governance committee, or HRCG, acts as both our nominating and corporate governance committee and our compensation committee. The Notice Period is defined as that period not less than 90 days nor more than 120 The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington as your name or names appear on this Proxy. February 2009 to March 2012. rules as to both compensation and nominating committee requirements. He also 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. 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. officers, received incentive awards to be paid in cash in 2012 based on attainment of specified goals that are intended to align the interests of employees with the interests of the Company. 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 The percentages reflect beneficial 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 Mr.Kirk served as president of Port Blakely Communities, Inc. from 1997 to 2007 and as its Chief Executive Officer from 2007 to 2008. (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 That was the point where we felt we had someone who was going to guide us through the malaise, Ederer said. Unless otherwise specified, all ownership interests or voting power referenced herein, either in percentage terms or number of shares, in respect of the 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. Under our present bylaws, directors must comply with all applicable laws and regulations, including any required approvals from our regulators. Mr.Battaglia has served the Bank since 2010. Notwithstanding our overall compensation objectives, incentive compensation opportunities for 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. All Prior to joining Port Blakely Communities, he served as president If you wish to give specific instructions with respect to the voting of directors, you may do so by indicating your instructions on your proxy card. The principles underlying our executive Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. In addition, any options exercisable within 60 days of April2, 2012 You have the power to revoke your proxy at any time before the polls close at the meeting. with the shareholders interests. 2019-2020 voted Best Bank by Money Magazine for the 3rd year in a row! they provide to HomeStreet with a goal of protecting the Company and the shareholders and providing the stability and skilled leadership we need in our current environment. executives and senior managers in 2010. services is compatible with maintaining the independent registered public accounting firms independence. As more fully described in the Audit Committee Charter, the Audit Committee is responsible for overseeing HomeStreets accounting and financial School of Business, and a law degree cum laude from Harvard Law School. Effective upon the closing of our initial public offering on February15, 2012 the majority of our then-existing board of directors resigned and certain new directors were appointed to the vacancies. 2012. the reserve at lake keowee membership cost - miapetty.com Company is the trustee for all Plan assets except our common stock. But Mason plans to stay until he retires, he said. 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 The following table sets forth certain information with respect to the board of directors of HomeStreet, Inc., including their ages as of
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