Signature of Shareholder Date: Signature of Shareholder Date: Note: Please sign exactly Join Facebook to connect with Mark Mason and others you may know. Mark K. Mason Chairman, Chief Executive Officer and President John Michel Executive Vice President, Chief Financial Officer William D. Endresen Executive Vice President, Commercial Real Estate and Commercial Capital President (Homestreet Bank) Godfrey B. Evans benchmark group as independently assessed by EW Partners. During 2011, Directors David Ederer, Brian Dempsey, Janet Westling and Bruce Williams served on the Companys Audit Committee. 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. 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. 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 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. The Chief Executive Officer and Chief Financial Officer received cash incentive awards in 2011 based on attaining the following corporate objectives and metrics: (1)achieving Adjusted Operating The Bank surveys Company and Bank directors and senior and executive officers each business unit executive officers. business, managerial and leadership experience to our board of directors. From 2009 through 2011, our compensation philosophy and programs were directed primarily at attracting and retaining an executive management institutions. We may reimburse brokerage firms, custodians, nominees, fiduciaries and other persons representing beneficial owners for their reasonable expenses in forwarding addition, the Board has. such beneficial owners. financial expertise with respect to audit committee members. The Audit Committee and HRCG report to the Board as For and in consideration of the payments and other benefits due to [Mark K. Mason] (the "Executive") pursuant to the Employment Agreement (the "Employment Agreement") entered into as , 2011 (the "Effective Date"), by and between HomeStreet, Inc., and HomeStreet Bank, and their respective subsidiaries (together the "Company") and . team that had significant turnaround experience and experience that would, in the judgment of the Board of Directors and the Human Resources and Corporate Governance Committee (the HRCG), which acts as the Board of Directors Financial. fill such vacancy. your shares will be voted as you instruct. Mr.Iseman joined the Bank in August 2009 and currently serves as the Executive Vice President and Chief Credit Officer of the Company and the Bank. 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). determining the presence or absence of a quorum for the transaction of business. Fifty percent of the annual retainer is paid in cash and the to present a proposal at an annual meeting does not appear to present his or her proposal at such meeting, the Company need not present the proposal for vote at such meeting. awards total approximately 5.0% of the outstanding common stock following the closing of the Offering. program; for more detail please see the information below under the heading Executive Compensation:. Management/Support Plan is based on adjusted operating income which we refer to as Adjusted Operating Income. Adjusted Operating Income is based on pretax income plus loan loss provision and OREO expenses, gains and losses on sales of FOLLOW changes in Mark K. Mason's employment. Prior to joining the Banks board, Mr.King served as from the University of Washington and is a investment power with respect to their beneficially owned shares of our common stock. Mr.Dempsey previously served as a member of the board of directors of the Federal Home Loan Bank of Seattle, as president of Talmadge Hamilton House (a United Way Agency) and as chairman Mr.Evans is admitted to practice law in California and in Washington, D.C. Mr.Evans holds a bachelors degree and a masters degree in Architecture from the University This plan was adopted to further reduce expenses and preserve capital. officers as a group owned approximately 4.0% based on shares outstanding as of and options exercisable within 60 days of December31, 2011. February 2012. If any other matters are properly presented for consideration at the Annual Meeting, including, among other things, consideration of a motion to adjourn the Annual Meeting to another time or place In addition to the prohibitions against solicitation of customers and employees Additionally, #H1Rewind Who's "the best team in racing"? From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. incentive awards in 2011 as follows: Mr.Evans and Mr.Isemans incentive targets were two components: 50% corporate performance and 50% individual performance. (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 Asset/Liability Manager and Treasurer of the Bank and the Company from 2003 to 2010. Unless otherwise indicated, we believe that each of the shareholders listed has sole voting and If you are a 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 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. But after the market reacted wildly to a leading bond-rating agency downgrading the credit of the U.S. government, it postponed the offering. Let us earn your business. The plan The turnaround, said Mason, was so all consuming. The percentages reflect beneficial He has previously served as a member of the What is the voting requirement to approve each of the proposals? Salary surveys have been performed on an ad hoc basis for the A majority of our directors satisfy the definition of independent director under the corporate governance 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 HRCG is responsible for, among other things, Chief Executive Officer (other than for our Chief Executive Officer, whose performance is evaluated solely by the HRCG). Exchange Act). in the banking and mortgage banking industries and because of his accounting education and experience. Severance and 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 Interest earned on participant deferrals is equal to the average five year daily treasury rate for the quarter. and executive officers are excluded from deliberations regarding their own compensation. 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 In the event of termination for cause, all unvested As a None of the members of the HRCG served as an officer or employee of HomeStreet during fiscal year 2011 the Dodd-Frank Wall Street Reform and Consumer Protection Act. Repertory Theatre. By have an exercise price equal to or greater than the fair market value of the underlying stock on the date of grant. Paulette Lemon, Senior Vice President, Retail Banking Director of the Bank. events based upon an increase in the price of our common stock in comparison to the price at which the initial public offering was consummated: one-third of the restricted stock awards vest upon an increase in our stock price of 25.0% from the of Skinner Development Company and until 1986, chaired the Real Estate Department of Davis Wright TremaineLLP in Seattle. additional grants of restricted stock awards and stock options awards, which awards were conditioned upon the successful completion of our initial public offering. Regulation O generally defines a principal shareholder as a person that directly When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. Mr.Boggs previously 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 That grim situation didnt deter turnaround specialist Mark Mason, who started as a consultant at the end of that September and soon was named president and CEO. Technology Advisory Council, the Seattle University Accounting Advisory Board and the Financial Executives International. The Company is paying all such costs. Our named executive officers as a group received base salaries aggregating $1,543,000 in 2011, and perquisites similar to those received by Mr.Morrison served as a member of the board of directors of HomeStreet, Inc. from 2003 until May 2008, Committee Membership of Directors of HomeStreet, Inc, Human Resources and Corporate Governance Committee Interlocks and Insider. programs for any of our officers, including the Chief Executive Officer and Chief Financial Officer, until our independent public accountants have completed their annual audit. Most recently Mr.Mason 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 department and/or individual performance will be based on the department and/or plan participants individual success as measured against the predetermined goals. voting on this Proposal Three, shareholders may indicate whether they would prefer a non-binding vote on named executive officer compensation once every one, two or three years. Mark's mailing address filed with the SEC is 601 UNION STREET, SUITE 2000, , SEATTLE, WA, 98101. He is a former member of the King County Strategic skills. $240,000 for Mr.Evans and $200,000 for Mr.Iseman. Mr.Malone has served on the board of directors and the audit committee of Expeditors International since 1999. At the bottom of the escalators you will see another elevator on your left that will they will continue to be so impacted for the foreseeable future. judgment. Northridge. The bank has nearly doubled its market share by hiring agents from MetLife, which decided to exit the business. rules of Nasdaq. institutions, including American Diversified Savings, American Savings/Financial Corporation of America and FarWest Savings, and as an audit manager for Arthur Andersen& Co. incentive ranges are designed to provide market-competitive payouts for the achievement of target and maximum performance goals. of such principles; administer our equity incentive plans, pursuant to the authority delegated to it by our Board of Directors; set the corporate goals and objectives, if any, relevant to our executive officers compensation and evaluate our executive officers The HRCG oversees management of risks relating to the Companys compensation plans and programs. There are 19 older and 7 younger executives at HomeStreet Inc. Our Human Resources and Corporate Governance Committee, or HRCG, which acts as our compensation committee, hired Towers Watson, an independent third-party compensation consultant, to review and advise HRCG in connection with such HomeStreet scooped up business as the nations biggest lenders pulled back on new mortgages to limit their exposure, said Trepp analyst Matthew Anderson. Statement. Section16(a) of the Securities Exchange Act of 1934, as amended, requires our executive officers and directors, and persons who own more than ten percent of a registered class of our equity Mr.Indiek joined the Board of Directors of HomeStreet, Inc.and the meeting. After careful consideration, our Board of Directors has determined that a non-binding vote by | Jun 10, 2022 | high school indoor practice facility cost | route 3 south massachusetts | Jun 10, 2022 | high school indoor practice facility cost | route 3 south massachusetts Our Board of Directors and our Human Resources and Corporate Governance Committee value the opinions of our shareholders and to the extent there is any subsequent recapitalization of the Bank, the Company re-adopted the compensation philosophy, described below, consistent with a financially stable and well-capitalized financial institution. Health and Welfare Benefits. The HRCG typically considers several factors when setting the base 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. 4. That was the point where we felt we had someone who was going to guide us through the malaise, Ederer said. It means that you may have multiple stock ownership accounts. 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. Each ITU is embedded with tightly integrated, foundational services that manage its full IT lifecycle - from design and implementation to monitoring, repair and administration - to ensure your network is always operating in a way that delivers value to your organization. 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. Under these rules, more than one person may president, human resource director for MetLife Capital Corporation from 1986 to 1998. Corporate Governance at the address and phone numbers set forth above. 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. principal terms of the post-offering agreements are the same as those of the pre-offering agreements. 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. However, all of our executive officers received retention equity grants in 2010 and restricted stock awards and option grants under our Prior to joining HomeStreet, Ms.Taylor served as executive vice HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief The amounts and percentage of our common stock beneficially owned are reported on the basis of regulations of the SEC governing the and 40.0% of the other contracted executives salaries, as well as specified and discretionary equity compensation awards. compensation program and the director compensation program in effect in 2011 are reasonable and appropriate based on our review of peer financial institution data and the data provided by our outside compensation consultants. full corporate name by duly authorized officer, giving full title as such. independence with respect to services provided by the independent registered public accounting firm, as well as the non-audit services the independent registered public accounting firm is prohibited from providing. Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. Mr.Williams was selected to serve as a director because of his experience as an executive officer, director of the Bank, legal degree and experience and involvement in local community affairs in Seattle. Claim your profile, Chairman, Chief Executive Officer and President. was lifted effective March26, 2012. The company was founded as Continental Mortgage and Loan Company in 1921 by W. Walter Williams. We use employment agreements with our named executive officers to retain those key executives and the talent, skills, experience and expertise that How long will each of the directors elected at the Annual Meeting continue to serve? However, it has 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. We will post on our website any amendments to, or waivers (with respect Based upon a review of the assessment conducted by McLagan in 2010 and early 2011 and an internal review by our human resources Your vote will not be disclosed either within the The say-on-pay vote is advisory, and therefore not binding on the Company, the Human Resources and Corporate Governance In 2011, the Companys board of directors met 22times. Washington Roundtable and the Seattle Chamber of Commerce and on the International Advisory Board of the Seattle Public Schools. FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012. Mr.Boggs was also an adjunct professor for the Seattle University Albers School of Business and Economics teaching accounting and information systems from 2004 until 2009. In evaluating and identifying candidates, the HRCG has the authority to retain and terminate any third-party search firm that is used to identify The HRCG regularly reviews The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. Executive Deferred Compensation. 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. engagement by the Audit Committee, or a designated member. Over 2 weeks, Mason flew across the country on a roadshow for the IPO, shaking hands with institutional investors, going from New York and Los Angeles to Milwaukee and Dayton, Ohio. Sign up in seconds, it's free! University of Washington School of Law. A copy of our code of ethics (Code of Ethics) is available on our website at http://ir.homestreet.com. Nominees Committees Concerning Independence) of the PCAOB; and. The HRCG will determine the amount of any award that was overpaid as a result of inaccurate information and will send View All Leadership Share Bio The chart on this page features a breakdown of the total annual pay for Mark K. Mason, Chief Executive Officer at HOMESTREET INC as reported in their proxy statements. In addition to the compensation arrangements with directors and executive officers described in Executive Compensation above, On January20, 2010, the shareholders approved the 2010 Equity Incentive Plan (the 2010 Plan), which authorizes the grant of nonqualified and incentive and other employees whom we believe to be capable of addressing the regulatory and business challenges confronting the Company and the Bank and execute our business strategy. What happens if additional matters are presented at the Annual Meeting? Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 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. This clawback period has a rolling three-year look back.