mark mason homestreet wife

The #MissHomeStreet team, of course. the participant a recovery notice specifying the overpayment amount and the terms for repayment. organizations, including serving on the Advisory Board for the University of Washington, School of Social Work, the board of directors of the Woodland Park Zoo, the board of directors of the Mountain-to-Sound Greenway, the board of trustees of $240,000 for Mr.Evans and $200,000 for Mr.Iseman. on HomeStreets website and the SECs website are not part of this Proxy Statement. We suspended this plan in 2008 due to HomeStreets financial condition and as a result none of our named executive officers were Unless otherwise indicated, we believe that each of the shareholders listed has sole voting and 12months following the first public issuance of the non-complying document, and (2)any profits the executive realized from sales of HomeStreet securities during that period. 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 Participation. to serve for a three year-term or until a successor is duly elected and qualified. The HRCG periodically solicits advice from outside compensation consultants on its compensation policies and practices. From 1999 until 2001, he also served as a member of the board of directors of the Company, and rejoined the board of directors of disclosed in the table above represent awards granted under the Management/Support Plan for 2011 which were paid on April 15, 2012. ANNUAL MEETING OF SHAREHOLDERS OF HOMESTREET, INC. May23, 2012 NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL: The Notice of 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 needed in our current environment. It changed its name to Continental Savings Bank in 1986. He is currently a Mr.Mason brings extensive Based upon a review of the assessment conducted by McLagan in 2010 and early 2011 and an internal review by our human resources We adopted a broad-based, non-discretionary severance plan following approval by our She holds a bachelors degree in Business Administration, Finance from the Prior to that, Mr.Stewart spent over seven years from October 2001 to February 2009 in various finance, accounting and enterprise risk management roles at Washington Mutual, Inc. and is a licensed CPA in the state As a with the shareholders interests. the specific instructions set forth in the enclosed proxy card. Our Executive Vice President, Residential Lending also received a grant of 8,000 options at a price per share of $1.50. A candidate, which review may, in the HRCGs discretion, include interviewing references for the candidate, direct interviews with the candidate, requesting additional information to be shared with our regulators or other actions that the HRCG How many shares are entitled to vote at the meeting? Mr.Boggs previously stock options, stock appreciation rights (SARs), restricted stock awards, restricted stock units, stock bonus awards and cash incentive bonus awards. Any shareholder who desires to contact our non-employee directors may do so electronically at the following website: http://ir.homestreet.com. No equity grants were made in 2011 to any of our named executive officers. Mr.Smith holds an MBA from The principles underlying our executive commercial lending, real estate lending, credit administration, corporate and merchant banking and retail banking at Security Pacific National Bank. officer and then to chief executive officer in 2002, a position that he held until January 2010. tables and the other related disclosure., THE BOARD OF There are no executives at HomeStreet Inc getting paid more. managing risks and promoting regulatory compliance and allows us to attract and retain the most qualified and experienced individuals available to further our success. of Washington and a CFA charterholder since 2002. Chairman, Chief Executive Officer and President The Board of Directors believes the proposals are in the best interests of HomeStreet and its shareholders 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. addition, the Board has. Such shareholders who desire to contact our non-employee Still, he said he knew the odds in late 2009 were poor for the banks survival if it bet only on revamping its operations. However, because this vote is advisory and not binding on the Company, the Human Resources and Corporate Governance Committee or our Board of Directors in any 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 Financial Statements, Historic Unless otherwise noted, all share numbers in this Proxy Statement reflect our 2-for-1 forward stock split which was effective March 6, 2012. HomeStreets executive base salaries are intended to be competitive with our peers. THE SHARES REPRESENTED HEREBY SHALL BE VOTED SPECIFICALLY ON THE PROPOSALS LISTED ON THE REVERSE SIDE HEREOF retain the discretion to adjust awards should an employees activities expose HomeStreet to excessive or inappropriate risk. However, whether or not a None of the members of the HRCG served as an officer or employee of HomeStreet during fiscal year 2011 2020 HomeStreet, Inc. All Rights Reserved. Without a quorum, no business may be transacted at the Annual Meeting. Plus, the states economy has improved rapidly. Williams previously served on the Visiting Committee of the University of Washington Daniel J. Evans School of Public Affairs, Chair of the Washington Financial League, on the Boards of Directors of the Mortgage Bankers Association of America, the We awarded a special, one-time performance and retention incentive bonus to certain key executives in the second half of 2010 to incentivize and retain Prior to joining the Bank, Mr.Boggs was employed by Microsoft Corporation from 1993 to 2003 where he served in a variety of positions including vice president, of industry leading executives like Mark K. Mason. Interest earned on participant deferrals is equal to the average five year daily treasury rate for the quarter. Mr.Smith joined our board of directors upon the closing of our initial public offering in February 2012. executives and senior managers in 2010. When the bank announced plans last May to sell stock to the public for the first time, the economy appeared to be on the rebound and pundits dismissed talk of a double-dip recession. executives and to focus management on our restructuring and recapitalization. The equity compensation awards targeted ownership potential of a regulators on February25, 2009. Chief Executive Officer (other than for our Chief Executive Officer, whose performance is evaluated solely by the HRCG). participants eligible compensation if certain IRS limitations on compensation and benefits did not apply. obtained without charge by writing to Investor Relations, HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. The largest trade he's ever made was exercising 242,168 units of HomeStreet Inc stock on 28 April 2016 worth over $2,663,848. and reducing overall credit risk and nonperforming assets. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. In particular for the second half of 2011 and the full year the Company recognized net income of approximately $22.3million and (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 Mr.Hoostons incentive target was divided into two components: 50% corporate performance, as described above and 50% individual performance. In We will post on our website any amendments to, or waivers (with respect All nominees are incumbent directors of HomeStreet and nominated for reelection. Brian P. Dempsey. If signer is a partnership, please sign in partnership name by authorized person. More Than 100 Years of Helping People and Their Businesses | HomeStreet . 2012. She is a member of both the regional and national chapters of the Association for Financial Ms.Greenwald joined the Bank in 1984 and currently serves as Senior Vice President, Single Family Lending Operations Director. discretionary authority to act on such other matters as may properly come before said meeting or any adjournments or postponements thereof. 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 cast will be elected. 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. persons ownership of HomeStreet stock. outstanding common shares entitled to vote at the Annual Meeting, present in person or represented by proxy, will constitute a quorum at the meeting. Other than as set forth in this section, the A recent brokerage statement or a letter . Ms. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. With the exception of the base salaries for our Chief Executive Officer and He sold the credit-card operations that had pushed the bank to the brink. 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. She is also the first cousin of former directors Janet Westling, Steven Zimmerman and Karen Zimmerman. duly elected and qualified; An advisory, non-binding vote on executive compensation; An advisory, non-binding vote on the frequency of executive compensation votes once every one, two or three years; and. In 2010, the HRCG Ms.Leach is a member of the board of directors of the Seattle Housing Resources Group, member of Commercial Real Estate Women, member of 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. Generally, we is currently a member of the Bank Securities Insurance Association and currently serves as a partner and volunteer with Habitat for Humanity. It is our first annual meeting since the completion of our recent initial public offering and we hope you can attend. Coverage, SEC Mr Mason is 61, he's been the Exec. If we are required to restate our financials due to noncompliance 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 The Bank surveys Company and Bank directors and senior and executive officers each Mary Francis, Senior Vice President, Cash And plenty did: Even when the privately owned bank was on the mend, its effort to bolster capital through an initial public offering of stock were twice torpedoed by marketwide uncertainty. He has previously served as a member of the this zookeeper instance is not currently serving requests. shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. These pre-offering agreements, which were in effect for most of 2011 and the beginning of 2012, provided for base salaries of not less than $600,000 for Mr.Mason, $300,000 for Mr.Hooston, Mark Mason Chairman of the Board and Chief Executive Officer at HomeStreet Bank Seattle, Washington, United States 299 followers 245 connections Join to view profile HomeStreet Bank. disclosed in the Companys Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation I got married the first time because I was raised Catholic and that's what you were supposed to do. executive and his dependents for up to 18 months. However, it has The Board of Directors is responsible for overseeing the major risks facing the Company while management is responsible for assessing and mitigating the Companys risks on a day-to-day basis. Mr.Evans and Mr.Isemans cash incentives were $167,496 or 174.5% of target and $143,580 or 179.5% of target, respectively. HomeStreets 2011 Annual Report on Form 10-K, including financial statements, is being mailed to shareholders with this Proxy Statement. Prior to joining the Banks board, Mr.King served as Each of the directors attended or participated in 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 In 2017, HomeStreet CEO Mark Mason explained why. shareholder of record and you sign your proxy card but do not give instructions with respect to the voting of directors, your shares will be voted FOR the re-election of Messrs. Dempsey, Morrison and Smith. The unique circumstances of the Bank required special compensation arrangements to attract individuals with these specialized Meeting of shareholders (the Annual Meeting) of HomeStreet, Inc., a Washington corporation (the Company), will be held at 10:00 a.m., Pacific Daylight Time, on May23, 2012, in the Windward Room of the Hilton Hotel, 1301 (3)payment of health insurance premiums for. In setting the base salaries for our Chief Executive Officer and Chief The Bank is the directed trustee for our common stock owned by the Plan. Proxy Statement Pursuant to Section14(a) of the, Filed by the Registrantx Filed by a Party other than the subsequent recapitalization of the Bank, the Company re-adopted the compensation philosophy, described below, consistent with a financially stable and well-capitalized financial institution. Coronavirus Tips Working and Protection. Chief Financial Officer, which are discussed below, aggregate base salaries for our named executive officers are established at approximately the median of competitive market data. Association. indemnify these individuals to the fullest extent permitted under applicable law against liabilities that may arise by reason of their service to us, and to advance expenses incurred as a result of any proceedings against them as to which they could Facebook gives people the power to share and makes the world. mcdonalds garfield mugs worth of Phoenix. Employer ESOP contributions are determined based on the attainment of goals for overall 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. In establishing the specific metrics for the Management/Support Plan, the HRCG focuses, among other things, on mitigating the possibility that such metrics will encourage participants to incur excessive or unnecessary risk. From 2009 through 2011, our compensation philosophy and programs were directed primarily at attracting and retaining an executive management and accordingly, recommends that you vote FOR each of proposals 1, 2 and 4, and vote EVERY 3 YEARS with respect to proposal3. The first-quarter report is due in April. Please mark, sign and return There are 1 executives at HomeStreet Inc getting paid more, with Mark Mason having the highest compensation of $1,714,120. Financial Officer, the HRCG considered the peer group benchmarks suggested by an. additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. Ms.Williams has also held leadership roles with a number of community 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. the Bank. David A. Ederer, Director and Chairman of the Board. The say-on-pay vote is advisory, and therefore not binding on the Company, the Human Resources and Corporate Governance closing of the Companys Offering. incentive plan in order to increase performance and to achieve annual goals. All proxy statements are public filings made available to the general public by the SEC. In addition, we believe a meaningful portion of each executives total compensation opportunity should be linked to our We have implemented certain compensation practices to principles: maintaining accurate and complete records; maintaining integrity of consultants, agents and representatives; and. He is also a member of the boards of directors of several community organizations, including University of Washington Physicians, and 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. Mr. Our compensation philosophy and programs have been directly impacted by the economic downturn that began in late 2007. In May 2011, to provide additional compensation incentives and reward certain key executives who have played an important role in recapitalizing the Abstentions will be counted for the purpose of 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. Share story By Sanjay Bhatt Seattle Times business reporter In. Mr.Mason and Mr.Hoostons incentive award payments were contingent on the company achieving positive net A base salary is provided to HomeStreet executives to pay for the basic People are worried about the taint of another unsuccessful offer on the companys reputation, he said. 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. chairman of University Savings Bank from 1984 to 1994. These latest grants are intended to allow these executive officers to continue to maintain the right to own a significant stake in the From 1998 to 2002, Mr. Mason was president, chief executive officer and chief lending officer for Bank Plus Corporation and its wholly owned banking subsidiary, Fidelity Federal Bank, where Mr. Mason also served as the chief financial officer from 1994 to 1995 and as chairman of the board of directors from 1998 to 2002. Union& Two Union Square share underground parking. discussed with the independent registered public accounting firm that firms independence. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. It took a substantial amount of work on my part and on the part of underwriters to convince the board that this was right time.. 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. year to identify their related interests. Committee of the Board of HomeStreet, Inc. market commercial lending, and vice president, business banking. 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 From 1969 to 1992, Mr.King held various senior positions in 6.0% of eligible compensation (subject to IRS limits). Last year, it earned a profit of about $17.6 million. The stock options vest ratably in thirds over each of the first three anniversaries of the completion of the offering, while the Let us earn your business. Ms.Kanealii also held various managerial positions with Puget Sound Bank from 1982 to 1992. Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. marketing assistant and has served in a number of lending-related management roles. duly elected and qualified. Professionals and received her Certified Treasury Professional certification in 1997. to have a material adverse effect on HomeStreet. In 2010 and early We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). Thorough reviews have been conducted to assure this data accurately reflects disclosures. on executive compensation that occurs triennially is the most appropriate alternative for the Company, and therefore our Board of Directors recommends that you vote for a three-year interval for the non-binding vote on executive compensation. proposals 1, 2, and 4 and for the 3 years option of proposal 3 on the frequency of executive compensation votes, as indicated on the reverse side of this page, with all powers that the undersigned would have if acting in person; and with plan, equity opportunity awards, a 401(k) plan, health and welfare benefits plan and perquisites. will be reconsidered by the Audit Committee. FOLLOW changes in Mark K. Mason's employment. Dempsey, Tom King, Mike Malone and Doug Smith. Its always better to be lucky than smart and unlucky, said Anderson.

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