The SEC has defined beneficial ownership of a security to mean, generally, the possession, including shared possession, directly or indirectly, of voting power or investment power. April2, 2012. membership and parking. shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. 2007 as Chief Information Officer. Perquisites include health club He recently joined a golf club, too, and has plans for a family vacation. In May 2011, to provide additional compensation incentives and reward certain key executives who have played an important role in recapitalizing the 2010 Retention Grants. Godfrey B. Evans, Executive Vice She holds a bachelors degree in Business Administration, Finance from the Washington 98101. Employer matching contributions for the 401(k) Plan Employee directors do not receive compensation for serving on either board of directors. underlying each such option grant. 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. In addition, on November29, 2010, other of our executive officers received 2010 retention grants with an exercise price ranging Exchange Act). Claim your profile, Chairman, Chief Executive Officer and President. Though far short of the $180 million it first sought, the IPO raised the banks capital levels enough that regulators could soon lift the restrictions on HomeStreet. See Equity Incentive Compensation Equity Grants Effective at Closing of our Initial Public Offering.. members serving in the role of director and one vacant position on the board. The SEC maintains a website located at www.sec.gov that also contains this information. He previously served as chairman. Will His AI Plans Be Any Different? (One Executive Vice President,Chief Financial Officer, Executive Vice President, Chief Administrative Officer, General Counsel& Corporate Secretary, Executive Vice President, Residential Lending Director, Executive Vice President, Chief Credit Officer. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. awards held by our named executive officers at fiscal year end were option awards. recruited from out of state. The ratification of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year ending December31, 2012. Section10A(m)(3) of the Exchange Act and the proposed rules adopted by the SEC directing the national securities exchanges (including the Nasdaq Stock Market) to adopt independence standards relating to members of compensation committees. control by the Company other than for cause or by the contracted executive for good reason, in conjunction with a mutual release agreement, the contracted executive will receive an amount equal to the sum of: 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. The first-quarter report is due in April. principles: maintaining accurate and complete records; maintaining integrity of consultants, agents and representatives; and. Mr.Kirk received a bachelors degree in Finance from the University of Washington, under the 2010 retention grants. On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. Mr.Boggs is also qualified as an audit committee financial expert., The Companys board Change in Control Arrangements. Were excited to be back as a full-service bank, Mason said. 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. Mr.Hoostons incentive target was divided into two components: 50% corporate performance, as described above and 50% individual performance. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief These participation levels may be increased or decreased after the beginning of a fiscal year at the discretion of the committee. On March14, 2012, we announced a mutually agreed upon separation with our Chief 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 Hilton Hotel, Windward Room, located at 1301 Sixth Avenue. Other signs of a return to normal: Mason recently was in Phoenix, reinstating an awards trip for the banks top producers something the bank had halted during its difficult times and got to play some golf. Prior to his current position with the Bank, he was the Vice President, well as his experience as a designated financial expert on audit committees. Charles Schwab Trust Two wasnt enough. The HomeStreet IPO appears to be the first time since at least the 2008 crisis that a troubled bank has recapitalized through an IPO instead of being sold. 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 May 23, 2012, in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 in order to consider and vote upon the following proposals: 1. 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. Our Board of Directors recommends a triennial vote as the most appropriate alternative for the Company as it will allow our As president and CEO of Fidelity Federal Bank in Los Angeles starting in 1998, he oversaw the turnaround of a $3.7 billion bank. Directions and Parking Instructions to HomeStreet, Inc. Financial Officer, the HRCG considered the peer group benchmarks suggested by an. To ratify the appointment of KPMG as HomeStreet, Inc.s independent registered public accounting firm for the fiscal year ending December31, 2012. 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 Mr.Hoostons cash incentive awards were $481,226 or 160.4% of target and $89,014 or 74.2% of target, respectively. Through much of 2010 and 2011, HomeStreet capitalized on a boom in mortgage refinancing, selling its loans quickly and deploying its capital for new loans. can we initialize static variable in constructor in java This plan reserves for issuance awards of up to 84,000shares of our common stock in order to provide for compensation to directors for one-half of the annual board compensation as described above. Mr.Iseman holds a bachelors degree in Business Administration and Economics from Seattle Pacific University and a certificate of advanced study in International If you would like to receive electronic notification of documents filed with the Securities and Exchange Commission and the issuance of press releases, you may subscribe to e-mail alerts via the web site commercial, real property, bank litigation issues and mortgage default servicing issues. 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. The Ms.Greenwald began her career at the Bank as a secondary of Washington and a CFA charterholder since 2002. More Than 100 Years of Helping People and Their Businesses | HomeStreet . and the diversion of corporate opportunities, the contracted executives agreements also contain a six-month non-competition agreement which restricts certain competitive acts on behalf of another bank or thrift located in Washington, Oregon, She holds a senior He received a bachelors degree in Business Administration from California State University, 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 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. 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. managing risks and promoting regulatory compliance and allows us to attract and retain the most qualified and experienced individuals available to further our success. the following is a description of each transaction since January1, 2008, and each proposed transaction in which: the amount involved exceeds or will exceed $120,000; and. In addition, we suspended our employer matching contribution under our 401(k) plan from July 2009 to July 2010. Mr. Bennions incentive target was three Director of 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). needed in our current environment. Based on the information provided by Towers Watson, we determined that the award levels provided for the In addition, he makes $1,714,120 as Chairman of the Board, President, and Chief Executive Officer at HomeStreet Inc. Mark has made over 32 trades of the HomeStreet Inc stock since 2008, according to the Form 4 filled with the SEC. The purpose of the 2010 Plan is to give us a competitive position in attracting, retaining and motivating officers, employees, approximately one-third of our total number of directors to be elected annually, an arrangement commonly known as a staggered board. 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 Employees are eligible to participate in the 401(k) Plan if they meet the applicable service requirements and are at least 18 years old. salaries of each named executive officer. he serves on the National Council of the National Trust for Historic Preservation, the board of directors of the Northwest African American Museum, and the board of directors of Capitol Hill Housing in Seattle. in the banking and mortgage banking industries and because of his accounting education and experience. It was a big credibility issue for them as well.. Union& Two Union Square share underground parking. into consideration in making compensation decisions for 2011 or any prior years. be indemnified. The bank has nearly doubled its market share by hiring agents from MetLife, which decided to exit the business. In general, Are you Mark K. Mason? However, if you hold your shares in street name (in the name of a bank or some other nominee), you presented at this meeting, you are entitled to one vote for each common share you owned of record on the Record Date. In addition, Section304 of the Sarbanes-Oxley Act of 2002 provides a basis to recover incentive awards in certain circumstances. Ratification of Appointment of Independent Registered Public Accounting Firm. FOR AGAINST ABSTAIN Brian P. Dempsey Gerhardt Morrison Douglas I. Smith 2. For determining competitive pay for our Chief We use 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. Your vote is important. in Business Administration from the University of Washington. program on performance over a longer period. The proposals scheduled to be voted on at the Annual Meeting are: The election of the three Class I directors listed in this Proxy Statement to serve for a term of three years or until their respective successors are Officer and Chief Financial Officer positions. Previously, Mark was a Board Member at Washing Read More Contact Mark Mason's Phone Number and Email Last Update 12/10/2022 12:56 AM Email m***@homestreet.com Engage via Email Contact Number (206) ***-**** Engage via Phone Mobile Number Ms.Williams received a bachelors degree in Sociology from University of Washington, a masters degree in social work from University of Washington 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 Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. persons ownership of HomeStreet stock. In addition, we believe a meaningful portion of each executives total compensation opportunity should be linked to our Mr.Mason in the aggregate amount of $288,885. Officer/General Counsel received 20,000 options. We are still in discussions with KPMG LLP regarding the final amount of fees to be paid for such services for the In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive Mr.Bennion also received a discretionary award of $124,987 for a total award of $300,000. Employment Agreement - Mark Mason (post-offering) - SEC differenza tra associazione culturale e associazione di promozione sociale. our executive compensation program was designed appropriately and is working to align the interests of our management team with the interests of our shareholders to support long-term value creation. AS THERE SPECIFIED. Management/Support Performance-Based Annual Incentive Plan. Our bylaws also provide that the only business that may be conducted at an annual meeting is business that is (1)specified in the Ms.Leach is a member of the board of directors of the Seattle Housing Resources Group, member of Commercial Real Estate Women, member of Prior to his current position with the consultant which included a review of the same elements of compensation. [3] In May 2000, the named changed to HomeStreet Bank. 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 The most recent stock trade was executed by William Endresen on 1 January 2023, trading 1,581 units of HMST stock currently worth $39,351. Notwithstanding our overall compensation objectives, incentive compensation opportunities for He has been a project manager at Quantum Partners since 2007 where he manages FDIC receiverships, including the disposition of the assets of failed banks. You have the power to revoke your proxy at any time before the polls close at the meeting. purposes of hiring employees but as no base salary increases have been granted to any named executive officers since 2008, no base salary surveys were conducted during 2009, 2010 or 2011 other than the Chief Executive Officers base salary, Mr.Bennion holds a bachelors degree in History and China Regional Studies from the University of Washington and a masters of business administration from the University of Washington and is a graduate of the School of Mortgage Banking. of Phoenix. unpaid salary and incentive compensation, unused vacation time, and unreimbursed expenses, in the event of termination of a contracted executives employment within one year or during the 90 days immediately preceding a change of In addition, upon the closing of the Companys Offering, the Company made certain grants of restricted stock to our directors. The plan provides one week of pay for every year of service with a minimum payment of two weeks and a maximum payment of 24 weeks. Patti Payne: Top leaders share lessons learned from a most challenging Award opportunity levels, expressed as a percent of salary, have been set for each eligible employee for each plan year. Ms.Vincent joined the Bank in 1987 and currently serves as Senior Vice President, Risk and TRIENNIAL VOTE AS THE FREQUENCY WITH WHICH SHAREHOLDERS ARE PROVIDED AN President, General Counsel, Chief Administrative Officer and Corporate Secretary of HomeStreet, Inc. and the Bank.