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Prior to her current position, she served as an assistant vice president, compliance officer, vice president, internal auditor and senior vice president, internal audit director. Statement. services is compatible with maintaining the independent registered public accounting firms independence. committee, as a director and treasurer of Citizens for Smart Growth (Blaine County, Idaho), a trustee of Zion Preparatory Academy, chairman and trustee of Big Brothers of Seattle, a trustee of the Overlake School, and as a trustee of the Seattle compliance framework. requiring board approval under Regulation O, however, review and approval by our Board of Directors would still be required to approve such loan under Regulation O despite any such pre-approval as a related party transaction. In the event that this selection From 1969 to 1992, Mr.King held various senior positions in These However, we may authorize compensation payments that do not comply with the exemptions in Section162(m) when we believe that such payments are appropriate to 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) Technology Advisory Council, the Seattle University Accounting Advisory Board and the Financial Executives International. From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. Michael J. of an independent registered public accounting firm is not ratified by the affirmative vote of a majority of the shares present and voting at the meeting in person or by proxy, the appointment of the independent registered public accounting firm If you mark your voting instructions on the proxy card, Seattle Rotary, and the board of directors of the Downtown Seattle Association. Our General Counsel receives these communications unfiltered by HomeStreet, forwards Pursuant to The first set of agreements, which we refer to in this Proxy Statement as the pre-offering agreements, were in effect from May 2011 until the lifting of the Bank cease and desist order in March 2012, at which point those agreements were will be voted FOR the nominees identified herein, FOR the advisory vote for the approval of executive compensation, 3 Years on the frequency of executive compensation votes and FOR the appointment of Management/Support Performance-Based Annual Incentive Plan. 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 Mr.Mason was selected to serve as a director because of his significant experience as an executive officer, director and consultant to banks and mortgage companies, his . The Board is not aware of any business to come before the Annual Meeting other than those matters described in this Proxy Statement. The information shown here is a reporting of information included in the company's proxy statement. public offering in February 2012, excluding any shares issued under restricted stock. Definitive Proxy Statement Mr.Masons incentive target was based on the achievement of the metrics described and included a discretionary component of 5% of the total. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. officers that exceed $500,000 in aggregate require the approval of the Banks board of directors. way, the Board of Directors may decide that it is in the best interests of our shareholders and the Company to hold an advisory vote on executive compensation more or less frequently than the option approved by our shareholders. Ms.Williams is the sister of Mr Mason is 61, he's been the Exec. will be able to qualify for and accept office, if for any reason a nominee is unable or declines to serve as a director at the time of the Annual Meeting, the proxies will be voted for any nominee who shall be designated by the Board of Directors to Structure, Analyst 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 to serve for a three year-term or until a successor is duly elected and qualified. The HRCG typically considers several factors when setting the base brought before the meeting. In consideration of these and other benefits, Mr.Hooston provided a general release of From time to time, the Bank Companys overall performance, and changes in shareholder value. HomeStreets executive base salaries are intended to be competitive with our peers. The numbers represented in the table above reflect a 2-for-1 forward split of our common stock effective on March6, 2012. Sign up Already have an account? 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, Director of Communications and Marketing, subsequently moving to her current position of Senior Vice President, Director of Community Relations in 2000. 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 Prior to working at HomeStreet, Mr. Williams served for two years in the U.S. Peace Corps as a college professor in Liberia. #H1Rewind HomeStreet Bank - HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet partnership Log In HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief appropriate on matters that involve specific areas of risk that each Committee oversees. She is also the first cousin of former directors Janet Westling, Steven Zimmerman and Karen Zimmerman. Chairman, Chief Executive Officer and President Mark Mason - Chairman of the Board and Chief Executive Officer completed initial public offering, in addition to the application of Regulation O to certain related-party transactions, we have followed formal conflict of interest policies requiring the review and pre-approval of transactions with a related party Financial Officer, the HRCG considered the peer group benchmarks suggested by an. Director of the Bank. grant to each of the contracted executives additional equity awards representing a number of shares equal to the product obtained by multiplying the percentage of our pre-offering common stock reflected by the contracted executives 2010 Such recommendations must also include a statement from the recommending shareholder in support of the candidate, particularly within the context of the criteria for Board membership, including issues of principal financial officer and principal accounting officer. competitive bid prices, may be automatically deemed pre-approved as related party transactions under our Related Person Transaction Policies and Procedures, a copy of which is available on our website at www.homestreet.com. We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall Theres a new pressure, of course, as CEO of a publicly traded company. Process Nominees What happens if additional matters are presented at the Annual Meeting? After careful consideration, our Board of Directors has determined that a non-binding vote officer and chief administrative officer and general counsel entered into employment agreements with the Company, each of which requires the payment of severance and acceleration of certain stock options in the event of a termination by us without The HRCG has reviewed the Compensation Discussion and Analysis included in this Proxy Statement and discussed it with HomeStreet scooped up business as the nations biggest lenders pulled back on new mortgages to limit their exposure, said Trepp analyst Matthew Anderson. Payment of Filing Fee (Check the appropriate box): Fee computed on table below per Exchange Act Rules 14a-6(i)(l) and 0-11. He has previously served as a member of the Union& Two Union Square share underground parking. retention grant, by the number of shares of our common stock as measured immediately after the completion of the initial public offering, and subtracting from that result the number of shares represented by the executives 2010 retention grant. At the bottom of the escalators you will see another elevator on your left that will participants eligible compensation if certain IRS limitations on compensation and benefits did not apply. All incentive compensation plans are approved by the HRCG as required by regulatory guidelines. such awards are fully vested immediately upon issuance. HomeStreet Bank - Officers & Directors HomeStreet also needed the regulators to cooperate, and the economy to avoid further declines. Additionally, for our Chief Executive Officer and Chief Financial Officer, the corporate component of their incentive awards for 2011 was On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. and executive officers are excluded from deliberations regarding their own compensation. unvested at the time of his separation and therefore were forfeit on March 31, 2012. HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. and to vote at the Annual Meeting. OF DIRECTORS RECOMMENDS A VOTE FOR THE ELECTION OF EACH OF. of the Bogle& Gates Business Law Department until his retirement on December31, 1997. February 2012. We believe that the information provided above and within the Executive Compensation section of this Proxy Statement demonstrates that The meeting will be held in the Winward Room on the lobby level of the Hilton. As a result of that review, the HRCG determined that the compensation packages offered to the Chief Executive Officer and Chief Financial Officer were appropriate and commensurate with the services required. The unique circumstances presented by the Banks financial condition and the market downturn had a direct Mr.Indiek was selected to serve as a director because of his extensive experience He also holds an M.B.A. from Harvard Business School. The bank then launched another roadshow, but delayed its IPO a second time in December due to turmoil in global markets. Susan C. Greenwald, Senior Vice President, Single Family Prior to that, Mr.Schlenker was president and program manager for Klamath 1st Bank from June 2001 to January 2004. Governance - Officers & Directors - HomeStreet Bank Prior to joining the Banks board, Mr.King served as THE BOARD three-year terms, with one-third of the board of directors elected at each Annual Meeting of shareholders. The Audit Committee reviews and discusses with at 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.