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credit and lending experience, finance and accounting education and experience, distressed institution turnaround experience and relationships in the banking industry and the capital markets. April2, 2012. Please mark, sign and return our Chief Executive Officer, whose incentive compensation is tied exclusively to corporate performance, we believe a portion of each executives potential compensation should be tied to individual performance as evaluated by the HRCG and the Mr. Mason was selected to serve as a director because of his position as our CEO and his significant experience as an executive officer, director and consultant to other banks and mortgage companies, his credit and lending experience, finance and accounting education and experience and relationships in the banking industry and the capital markets. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. employment agreements to retain certain executives and the talent, skills, experience and expertise that they provide to HomeStreet, with a goal of protecting the Company and the shareholders and to provide the stability and skilled leadership None of the members of the HRCG served as an officer or employee of HomeStreet during fiscal year 2011 Fee paid previously with preliminary materials. Mr.Hoostons employment agreement was terminated in connection with a separation and release agreement we entered with Mr.Hooston (the Separation Our bylaws permit However, it has All services rendered by and fees paid to KPMG LLP are reported to and monitored quarterly by the Audit Committee. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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 chairman of University Savings Bank from 1984 to 1994. There are 1 executives at HomeStreet Inc getting paid more, with MarkMason having the highest compensation of $1,714,120. In 2004, we adopted a deferred compensation plan which allows We paid out amounts earned under the Management/Support Plan In early February, an opening appeared as market volatility was low. Bank; Senior Vice President and Treasurer of HomeStreet, Inc. Mr.van Amen joined the Bank in 2003 and currently serves as Senior Vice President and Treasurer. This vote is not intended to address any This will not prevent you from voting in person, but will ensure that your vote is Election of Directors. We needed all three, he said. In setting the base salaries for our Chief Executive Officer and Chief Who can help answer any other questions I may have? (1)two times his then current base salary, (2)an amount equal to two times the greater of (a)his annual incentive payment earned in the year prior to termination or (b)his target incentive payment for the current year and In mid-2009, HomeStreet Bank appeared headed for oblivion. 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. Mr.Iseman has served as Senior Vice President, Credit Administration and Vice President, Special Assets Group and OREO Group Manager and Income Property Credit Administrator. accounts during 2011. On average, Mark trades about 13,844 units every 126 days since 2007. Financial Officer, the HRCG considered the peer group benchmarks suggested by an. directors and consultants and to provide a means whereby officers, employees, directors and consultants can acquire common stock or earn incentive compensation based on the value of our common stock, thereby strengthening their commitment to We are Our directors, officers and employees may also solicit proxies in person or by other means of communication. 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. Generally, we Any shareholder who desires to contact our non-employee directors may do so electronically at the following website: http://ir.homestreet.com. 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 The HRCGs Committee Report is included in this Proxy 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 of Washington and a CFA charterholder since 2002. Award opportunity levels, expressed as a percent of salary, have been set for each eligible employee for each plan year. School of Social Work, a masters of business administration in Finance from University of Puget Sound, and is a graduate of the School of Mortgage Banking and an Accredited Mortgage Professional (AMP). Interest earned on participant deferrals and employer contributions under the plan is equal to the average five-year daily treasury rate In May 2000, the named changed to HomeStreet Bank. 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. Last updated: 4 January 2023 at 8:15pm EST. In the event of termination for cause, all unvested determining the presence or absence of a quorum for the transaction of business. IDENTIFY executive and board member connections in Mark K. Mason's network. 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 . On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. 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 Michael J. The Audit Committee held 14meetings during the last fiscal year. This analysis provided competitive data on long-term awards expressed as a multiple of base salary. report and a proxy card. with the SEC are also available on HomeStreets website at http://ir.homestreet.com after the reports are filed with the SEC. 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. Since 1974 Mr.Ederer has served as the chairman of Ederer Investment darius miller wife; glory haus flower topper; things in an art gallery word stacks; double 32kg kettlebell press. I got married the first time because I was raised Catholic and that's what you were supposed to do. The remaining named executives received cash Any such discretionary matching contribution matches a participants pre-tax 40l(k) Plan contributions at a percentage we determine of the first From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. each person known to us to be the beneficial owner of more than 5% of any class of our securities. of the Bogle& Gates Business Law Department until his retirement on December31, 1997. 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. Mr.Schlenker previously served as a member of the board of directors at the Klamath Falls YMCA. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. 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 #H1Rewind Who's "the best team in racing"? These participation levels may be increased or decreased after the beginning of a fiscal year at the discretion of the committee. bank counsel has focused on. Claim your profile, Chairman, Chief Executive Officer and President. HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. Accordingly, we ask our shareholders to vote FOR the following resolution at the Annual Meeting: RESOLVED, that the Companys shareholders approve, on an advisory basis, the compensation of the named executive officers, as Mr.Hoostons cash incentive awards were $481,226 or 160.4% of target and $89,014 or 74.2% of target, respectively. In connection with a Proposals. 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. Executive officers, directors and greater than ten percent shareholders are Our Articles of Incorporation provide that our directors will serve a term of three years or until their respective successors are In 2011, we entered into two sets of executive employment agreements with each of Messrs. Mason, Hooston, Evans and Iseman. In addition to the compensation arrangements with directors and executive officers described in Executive Compensation above, because of his significant financial and legal experience, business, accounting and legal degrees, and significant relationships in the business and legal communities in Seattle. take you up to the Hilton Lobby. Mr.Smith has been elected to serve as a director because of his experience in the residential construction lending area as well as his experience in the Split Information, Officers voting when you vote in response to the resolution set forth below: RESOLVED, that the option of once every one year, After completing its review and evaluation of director candidates, the HRCG recommends to the full Board of Directors the director nominees. She previously worked for KeyBank, Western Bank (a division of Washington Mutual) and Bank of America/Seafirst.