vote. Mr.Gregory holds a bachelors degree in Mathematics and shareholders, we encourage, but do not require, directors to attend. principal at Indiek Realty/Finance, which he formed in 1995. What happens if I sign and return my proxy card, but dont mark my votes? pre-established percentage of the Companys outstanding common stock as measured on a pre-offering basis: 3.7% for Mr.Mason, 1.0% for Mr.Hooston, and 0.7% for each of Messrs. Evans and Iseman. Mark C. Gregory, Senior Vice President and Chief Information Officer of the Bank. management significant financial and nonfinancial risk exposures and the steps management has taken to monitor, control and report such exposures. In addition, each director earns a fee of $1,000 per board meeting, 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. as possible so that your shares are represented. In accordance with Mr.Masons employment agreements with the Company, as of March26, 2012, the date of the lifting of the cease and desist order imposed on the Bank, Mr.Masons base salary decreased to But after the market reacted wildly to a leading bond-rating agency downgrading the credit of the U.S. government, it postponed the offering. However, if you hold your shares in street name (in the name of a bank or some other nominee), you Mr.Boggs joined the Bank in 2006 as a member of the board of directors and became a director of HomeStreet, We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). 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The meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle A shareholder of record is a person or entity whose name appears on or in our records as an owner of one or more shares of our common stock as of the close of business on the Record Date. 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. it mean if I get more than one proxy card? Williams worked as an attorney at Perkins Coie LLP in Seattle. in Business Administration from the University of Washington. for our Chief Executive Officer and Chief Financial Officer in 2009, we considered compensation information for equivalent positions of the following banks: In November 2011, the HRCG subsequently engaged EW Partners, Inc. (EW Partners) He sold the credit-card operations that had pushed the bank to the brink. We generally do not pay bonuses under any of our incentive We believe that our compensation program is reasonable and appropriate based in part on the analysis and advice of our outside compensation Two Union Square, 601 Union Street, Seattle, Washington 98101 or by electronic mail at ir@homestreet.com. In general, certain performance-based compensation approved by shareholders is not subject to this deduction limit. the attached Proxy Statement. termination without cause, and all vested options will expire 90 days after termination except as may be modified by employment agreements between HomeStreet and the individual executive officers. More Than 100 Years of Helping People and Their Businesses | HomeStreet . He has previously served as a member of the He slashed expenses head count fell by about half and got the banks nonperforming loans under control. The turnaround, said Mason, was so all consuming. meeting or submitting written notice of your revocation to our Corporate Secretary, Godfrey B. Evans, at our mailing address on the cover page of this Proxy Statement, or b) voting in person at the meeting. At each annual meeting, our shareholders elect directors within one class, and each class is staggered in a manner that causes The In 2011, we entered into two sets of executive employment agreements with each of Messrs. Mason, Hooston, Evans and Iseman. George director Bruce Williams, and former directors Wendy Williams and Marcia Williams. Election of Directors. It is the policy of the HRCG to consider recommendations for candidates to the Board of Directors from comply with these guidelines such as: We have designed incentives tied to short-term revenue and profits with elements that include qualitative components such as credit quality, and we The unique circumstances of the Bank required special compensation arrangements to attract individuals with these specialized There are 19 older and 7 younger executives at HomeStreet Inc. The oversee and make decisions regarding executive management salaries, incentive compensation, long-term compensation plans and equity plans for our In particular for the second half of 2011 and the full year the Company recognized net income of approximately $22.3million and Statement. board of directors for HomeStreet, Inc. since 1994. He subsequently served as an executive officer at several financial. 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. In addition, the post-offering agreements require the Company to the regulators posed no objection to the arrangements for those officers. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. Mark K Mason is Chairman/President/CEO at Homestreet Inc. See Mark K Mason's compensation, career history, education, & memberships. In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan (the Management/Support Plan) which applies to certain eligible employees, Nominees for Class I Directors Terms Expire 2015. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The following table shows the compensation paid to our non-employee directors for 2011. Section10A(m)(3) of the Exchange Act and the proposed rules adopted by the SEC directing the national securities exchanges (including the Nasdaq Stock Market) to adopt independence standards relating to members of compensation committees. 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 shareholders. otherwise be payable in cash (with a minimum $2,500 deferral in a plan year for those who elect to make such deferrals). 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 TRIENNIAL VOTE AS THE FREQUENCY WITH WHICH SHAREHOLDERS ARE PROVIDED AN While we have not established specific minimum qualifications for director candidates, we believe that candidates and nominees must reflect a Board member of the board of HomeStreet, Inc. from 1994 to 2012 and as a member of the board of the Bank from 1999 to 2012. Mr. Mason is on the boards of directors of the Pacific Bankers Management Institute (the parent company of the Pacific Coast Banking School) and The Washington Bankers Association and is an advisory board member of Seattle University's Albers School of Business and Economics. [10], On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic. No equity grants were made in 2011 to any of our named executive officers. Join Facebook to connect with Mark Mason and others you may know. Where can I find the results of the Annual Meeting? obtained without charge by writing to Investor Relations, HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. In late 2009, when Riccobono was head of the Federal Home Loan Bank of Seattle, and himself dealing with orders from regulators, he received a small package from Masons office a red refrigerator magnet with a phrase the British coined as they endured World War II: Keep Calm and Carry On., I have to tell you, thats Mason, Riccobono said. once every six years, how frequently we should seek a non-binding vote on the compensation of our named executive officers, as disclosed pursuant to the SECs compensation disclosure rules, such as Proposal Two of this Proxy Statement. 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 Companys overall performance, and changes in shareholder value. Mr. Bennions incentive target was three 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. 2010 Retention Grants. Share story By Sanjay Bhatt Seattle Times business reporter In. Mark was preceded . the Bank. for Recommending Candidates for Election to the Board of Directors. As part of those grants, our Executive Vice President, Chief Credit Officer received a grant of 4,000 options related to his prior position as Senior Vice President, Credit Administration Manager at an exercise price Officer/General Counsel received 20,000 options. Look for the sign indicating the parking garage entrance on the left side of the street. our business strategy. Prior to being named Citi CFO, Mr. Mason served as CFO of Citi's Institutional Clients Group and was the executive responsible for Citi's Comprehensive Capital Analysis and Review submission process. No employee contributions were made to employee ESOP Our Articles of Incorporation provide that our directors will serve a term of three years or until their respective successors are 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. 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 . There are 15 older and 9 younger executives at HomeStreet Inc. HomeStreets difficult quest for capital was over. the reserve at lake keowee membership cost - miapetty.com See Management Committees of the Board of Directors 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 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. Director of the Bank. [2] It changed its name to Continental Savings Bank in 1986. The 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. Mr.Gregory joined the Bank in 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 significant vote against the named executive officer compensation as disclosed in this Proxy Statement, we will consider our shareholders concerns and evaluate whether any actions are necessary to address those concerns. FOR AGAINST ABSTAIN. Darrell S. Van Amen date of the notice of the meeting in order to be timely. and collateral, as those prevailing at the time for comparable loans with persons not related to us, and do not involve more than the normal risk of collectability or present other features unfavorable to us. 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. Employees are eligible to participate in the 401(k) Plan if they meet the applicable service requirements and are at least 18 years old. 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 Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. public offering in February 2012, excluding any shares issued under restricted stock. HomeStreet Executive Team | Comparably These grants were allocated 25% to rules as to both compensation and nominating committee requirements. addition, the Board has. The HRCG will determine the amount of any award that was overpaid as a result of inaccurate information and will send You may cast your vote on your preferred voting frequency by choosing the option of one year, two years, three years or abstain from HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief Named Executive Officers. This analysis provided competitive data on long-term awards expressed as a multiple of base salary. 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. The following table sets forth the amount of each of these grants made to the named executive officers: Executive Vice President,Chief Financial Officer, Executive Vice President,Chief Administrative Officer,General Counsel& Corporate shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. WEST parking in the vicinity of a One Union Square elevator will be closer to the Hilton.). Mason said he handled the rescue by honestly communicating with regulators and bank directors about problems as they emerged. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. Mr.Evans joined HomeStreet in November 2009 and currently serves as the Executive Vice President, General Counsel and Chief The plan provides one week of pay for every year of service with a minimum payment of two weeks and a maximum payment of 24 weeks. Mark K. Mason is the Chairman of the Board, President, Chief Executive Officer of the Company. Employment Agreement - Mark Mason (post-offering) - SEC