On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. A map and directions to the meeting location can be found at the back of confront the Company and the Bank, as well as implementing our turn-around and go-forward business plans. Nominees Patricia A. Leach, Executive Vice President of Home Street, Inc.; Executive Vice President and Income Property Lending In 2010, the HRCG must request and receive a legal proxy from the record owner prior to the meeting in order to vote at the meeting. Two wasnt enough. We principles: maintaining accurate and complete records; maintaining integrity of consultants, agents and representatives; and. What proposals 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, $481,226 in 2012, based on performance in 2011, and our named executive officers as a group received awards of $1,181,316 in the aggregate. In 2011, the Companys board of directors met 22times. 2019-2020 voted Best Bank by Money Magazine for the 3rd year in a row! deems necessary or proper. participant ceases to be a director. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. shareholders. If you hold your shares in street name and you do not give voting instructions to attract and retain executive talent. 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 We do not follow formal guidelines for establishing internal parity, but we do seek to correlate organizational responsibility with participation level. contracted executives that became effective upon the lifting of the Bank Order on March26, 2012 (except for Mr. Hoostons agreement, which was superseded by the Separation Agreement. solicitation material to. By late 2002, Mason negotiated Fidelity Federals sale to a larger banking company. The committee also ordinarily reviews recommendations and sub menu, Chairman, Chief Executive Officer and President. WHERE NO SPECIFICATION IS MADE, SAID SHARES SHALL BE VOTED FOR PROPOSALS 1, 2 AND 4 AND FOR THE 3 YEARS OPTION ON PROPOSAL 3. Executive Compensation below. 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. The 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. The say-on-pay vote is advisory, and therefore not binding on the Company, the Human Resources and Corporate Governance Wrong. THE BOARD for the relevant quarter. THE SHARES REPRESENTED HEREBY SHALL BE VOTED SPECIFICALLY ON THE PROPOSALS LISTED ON THE REVERSE SIDE HEREOF Your vote will not be disclosed either within the #H1Rewind HomeStreet Bank - HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet partnership Log In 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. It is the policy of the HRCG to consider recommendations for candidates to the Board of Directors from HomeStreet Bank is a member of the FDIC and an Equal Housing Lender. Mr.Bennions cash incentive was Relationship Advice from Over 1,500 Happily Married Couples - Mark Manson The participant has a limited ability to change these elections. The initial public offering in February 2012. board of directors for HomeStreet, Inc. since 1994. Company TenFour News, Employees and Funding Information, Morristown, NJ officers in an effort to retain those individuals and focus management on stabilizing and recapitalizing the Bank. The EW Partners peer group included a slightly different list of institutions from the peer group used in 2009, and was made up of the following banks: Currently, the compensation package for our named executive officers is comprised of base salary, an annual short-term cash incentive 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 Effective upon the closing of our initial public offering on February15, 2012 the majority of our then-existing board of directors resigned and certain new directors were appointed to the vacancies. Ms. But Mason plans to stay until he retires, he said. The purpose of the 2010 Plan is to give us a competitive position in attracting, retaining and motivating officers, employees, $175,013 or 172.4% of his target award. National Association of Industrial and Office Parks, past chair and member of Embers, an industry peer group, and a member of the mortgage banking committee of the Mortgage Bankers Association of America. The information January 2010 we hired a new Chief Executive Officer and Chief Financial Officer to help us turn around and recapitalize the Company. While we have not established specific minimum qualifications for director candidates, we believe that candidates and nominees must reflect a Board Corporate performance for these executives was based on achievement of website at www.sec.gov. The 2010 forward stock split that was effective March6, 2012); the remaining 25.0% were granted as restricted stock awards. In some instances, the amount and structure of compensation results from arms-length negotiations with executives, which terms reflect an increasingly competitive market for Companys overall performance, and changes in shareholder value. Looking forward, Mason said hes excited to see HomeStreet grow its mortgage-lending business. She has served as treasurer at Northwest Associated Arts since 1995. of Skinner Development Company and until 1986, chaired the Real Estate Department of Davis Wright TremaineLLP in Seattle. A majority of our directors satisfy the definition of independent director under the corporate governance judgment. Prior to this, Mr.Evans served as interim general counsel This proxy, when properly executed, will be voted in the manner directed herein by the undersigned shareholder(s), but if no direction is made, this proxy Committee or our Board of Directors. WEST parking in the vicinity of a One Union Square elevator will be closer to the Hilton.). We have entered into indemnification agreements with each of the current and former directors and executive officers of HomeStreet, Inc. Subject to certain limitations, these agreements require us to $16.1million, respectively. Mr Mason is 61, he's been the Exec. shareholders will start on December28, 2012 and end on January27, 2013. 1. All incentive compensation plans are approved by the HRCG as required by regulatory guidelines. 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. He has been a member of the Fannie Mae Western Business Center Advisory Board since 2004, Chair of the Housing Partnership, a nonprofit organization, from 2001 to 2007 and a member of the University of Washington Milgard School of Business Advisory 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. business unit executive officers. appointment, compensation and oversight of the audit work of the independent registered public accounting firm. As a Definitive Proxy Statement and executive officers are excluded from deliberations regarding their own compensation. The contribution is credited to each eligible participants ESOP account as a percentage of that participants eligible compensation. Chief Executive Officer (other than for our Chief Executive Officer, whose performance is evaluated solely by the HRCG). Mark Mason (executive) - Wikipedia Sixth Avenue, Seattle, Washington 98101 in order to consider and vote upon the following proposals: Only shareholders of record at the close of business on April2, 2012, are entitled to notice of the meeting and an opportunity to Meeting, proxy statement and proxy card are available at www.homestreet.com/proxy Please sign, date and mail your proxy card in the envelope provided as soon as possible. The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. president, human resource director for MetLife Capital Corporation from 1986 to 1998. As the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc, the total compensation of Mark Mason at HomeStreet Inc is $1,714,120. Agreement) in connection with that departure. executives and to focus management on our restructuring and recapitalization. Abstentions will be counted for the purpose of We may reimburse brokerage firms, custodians, nominees, fiduciaries and other persons representing beneficial owners for their reasonable expenses in forwarding As a result, the Notice Period for the 2013 annual meeting of board of directors and is comprised of Pamela J. Taylor, Richard W.H. familial relationships. He is also a member of the boards of directors of several community organizations, including University of Washington Physicians, and Company, with a targeted ownership percentage (assuming the exercise of outstanding options, whether or not vested) of 3.7% for Mr.Mason and 6.5% for the executive officers as a whole. independent compensation consultant. However, if any Regarding the Board of Directors and Nominees. Except for Bruce Williams, director, and Kathryn Williams, Senior Vice President, Community Relations, who are siblings, there are no family relationships among any of our directors or During 2011, Directors David Ederer, Brian Dempsey, Janet Westling and Bruce Williams served on the Companys Audit Committee. Director of the Bank. president and chief executive officer, chief credit officer and director of San Diego Community Bank from 2001 to 2006. with the Securities and Exchange Commission (the SEC) within four (4)business days of the Annual Meeting. The Company is paying all such costs. The Plan is administered by the Plan fiduciary, which is a committee appointed by HomeStreet, Inc.s separation agreement we entered into in March 2012 with David Hooston, our former Chief Financial Officer, we agreed, subject to regulatory approval, to accelerate the vesting of an additional 25% of the stock options granted to Mr.Hooston Open Mr.Ederer is a certified public accountant (inactive) and managed consulting, accounting and auditing services for Price Waterhouse from 1965 to 1974. Mr.Stewart was previously the director of finance at Volt Information Sciences, Inc. from February 2012. 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. differenza tra associazione culturale e associazione di promozione sociale. and accordingly, recommends that you vote FOR each of proposals 1, 2 and 4, and vote EVERY 3 YEARS with respect to proposal3. The Dodd-Frank Act also enables our shareholders to indicate, at least The percentages reflect beneficial It means that you may have multiple stock ownership accounts. 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
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