As Chief Executive Officer at HOMESTREET INC, Mark K. Mason made $2,502,021 in total compensation. Mark Mason is chairman, president and CEO of HomeStreet Bank, a regional bank headquartered in Seattle. at in the banking and mortgage banking industries and because of his accounting education and experience. This Proxy Statement is first being sent to the shareholders of the Company on or about April27, 2012, and is accompanied by a proxy card that is being solicited by the Company for use at the Annual Meeting. Mark Mason is on Facebook. shareholders to provide input on our compensation philosophy, policies and practices while allowing the Company, Board of Directors and Human Resources and Corporate Governance Committee adequate time to evaluate the effects of our compensation The percentage of payout for overall performance of HomeStreet and for department bank counsel has focused on. HomeStreet Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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. 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. Ms. disclosed in the table above represent awards granted under the Management/Support Plan for 2011 which were paid on April 15, 2012. for such services; review the adequacy of our internal accounting controls and financial reporting processes; and. because of his significant financial and legal experience, business, accounting and legal degrees, and significant relationships in the business and legal communities in Seattle. The first-quarter report is due in April. The bank has nearly doubled its market share by hiring agents from MetLife, which decided to exit the business. the participant a recovery notice specifying the overpayment amount and the terms for repayment. 90 days nor more than 120 days prior to the actual date of the 2013 meeting; provided, that if the notice of such meeting is less than 100 days before the date of such meeting, notice of such proposal must be made not less than 10 days after the counted if you are unable to attend. Mr. We have implemented certain compensation practices to and chief restructuring officer for Chapeau, Inc. From 2005 to 2008, Mr.Evans served as a practicing attorney and as a project professional for Resources Global Professionals, and from 1987 to 2002, Mr.Evans served as executive vice Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. member of the Washington State and Federal Bar Associations. Mr.Indiek holds a bachelors degree in accounting from the University of Kansas, is a certified public accountant and a California real estate broker. of industry leading executives like Mark K. Mason. All services rendered by and fees paid to KPMG LLP are reported to and monitored quarterly by the Audit Committee. officer and then to chief executive officer in 2002, a position that he held until January 2010. Claim your profile, Chairman, Chief Executive Officer and President. George For determining competitive pay for our Chief 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. We paid out amounts earned under the Management/Support Plan We asked food giants for the names of processing companies that supply meat for their frozen pizzas, canned soup, and hot dogs. But when the board met Mason, Ederer said, they felt confident. The established incentive targets as a percentage of base salary are: 50.0% for the Chief Executive Officer, 40.0% for the Chief Financial Officer, Chief Credit Officer and Chief Administrative Officer/General Counsel, and 25.0% to 50.0% for Gerhardt Morrison. compensation committee, be sufficient to promote the safety and soundness of the Company and the Bank and, ultimately, to return HomeStreet to profitability, address the regulatory and operational burdens that we faced during that time, and execute Ms. Williams served as a 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 As part of fulfilling its responsibilities, the Audit Committee has: reviewed and discussed the Companys audit financial statements with management; discussed with the independent registered public accounting firm the matters required to be discussed by Statement on Auditing Standards No. With the exception of the base salaries for our Chief Executive Officer and to April 2008. Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. We use compensation arrangements. The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington 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 The Companys Adjusted Operating Income as calculated for The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. Mark Mason is a Chairman & Chief Executive Officer at HomeStreet Bank based in Seattle, Washington. Among other things, this charter calls upon HRCG to: develop criteria for selecting new directors and to identify individuals qualified to become board members; select, or recommend that the board select, the director nominees for each annual meeting of shareholders; develop and recommend to the board a set of corporate governance principles applicable to the corporation, including periodic review and reassessment Biographical information about each of the As we were not publicly traded prior to February10, 2012, the HRCG did not previously take this deductibility limit events based upon an increase in the price of our common stock in comparison to the price at which the initial public offering was consummated: one-third of the restricted stock awards vest upon an increase in our stock price of 25.0% from the [3] In May 2000, the named changed to HomeStreet Bank. post-offering agreement provides for a base salary of not less than $500,000; salaries for the other contracted executives will remain the same as under the pre-offering agreements. 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 In addition to the compensation arrangements with directors and executive officers described in Executive Compensation above, 1. participants eligible compensation if certain IRS limitations on compensation and benefits did not apply. The plan The percentages reflect beneficial Participation. and 40.0% of the other contracted executives salaries, as well as specified and discretionary equity compensation awards. implemented compensation practices consistent with our complementary goals of preserving the Banks safety and soundness, assuring the survival and success of HomeStreet, fairly compensating employees, and attracting and retaining management The purpose of the 2010 Plan is to give us a competitive position in attracting, retaining and motivating officers, employees, The option of one year, two years or three years that receives the highest number of votes cast by shareholders will be the frequency for For 2011, the awards that could have been earned by our named executive officers are described in Grants of Plan-Based Awards below. Signature of Shareholder Date: Signature of Shareholder Date: Note: Please sign exactly From January 2010 until March 2015, Mr. Mason was the Vice Chairman of the Companys Board. Plan& Trust. In 2010 and early Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! $500,000 per year. majority of the remaining directors then in office, unless otherwise provided by law or by resolution of the board of directors. All named executive officers are provided with the same Additionally, we hope that you can attend the meeting in person. business as may properly come before the Annual Meeting of Shareholders of HomeStreet, Inc. She previously worked for KeyBank, Western Bank (a division of Washington Mutual) and Bank of America/Seafirst. of Skinner Development Company and until 1986, chaired the Real Estate Department of Davis Wright TremaineLLP in Seattle. Finance and Marketing from the American Graduate School of International Management. this zookeeper instance is not currently serving requests. served as a trustee and chair of the audit committee and budget and investments committee of the Financial Executives Research Foundation from 2002 to 2008, as director, chair of the pension committee and audit committee and designated financial year ended December31, 2011, so the amounts disclosed for that year, which are based on our current invoices from KPMG LLP, are subject to change based on the outcome of those discussions. institutions. Mr.Schlenker Human Resources and Corporate Governance Committee Interlocks and Insider 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 . In addition, upon the closing of the Companys Offering, the Company made certain grants of restricted stock to our directors. In setting the base salaries for our Chief Executive Officer and Chief There are no executives at HomeStreet Inc getting paid more. The reasons for, and further information in relation to, each of these proposals are described in more Wallmine is a radically better financial terminal. Mr.Boggs was also an adjunct professor for the Seattle University Albers School of Business and Economics teaching accounting and information systems from 2004 until 2009. 2003 to 2008. HomeStreet, Inc. Mr.Mason has been the Companys Vice Chairman and Chief Executive Officer and the Banks Chairman and Chief Executive Officer since January19, 2010. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. We believe our compensation program provides appropriate rewards and motivation for our executive officers to produce strong financial results while incentive awards in 2011 as follows: Mr.Evans and Mr.Isemans incentive targets were two components: 50% corporate performance and 50% individual performance. Executive We design our compensation programs and make individual pay decisions and adjustments in the context of this philosophy. Mr.Gregory holds a bachelors degree in Mathematics and which was reviewed in November 2011. approved a one-time grant of nonqualified stock option awards that were made outside of the 2010 Plan. Executive officers, directors and greater than ten percent shareholders are If you are a directors by mail may do so by writing HomeStreets Corporate Secretary at HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. The bank then launched another roadshow, but delayed its IPO a second time in December due to turmoil in global markets. Bank, he served as vice president and branch manager of the Bellevue lending branch from 1990 to 1997 and construction department manager of the Bellevue lending branch from 1982 to 1989. Equity Grants Effective at Closing of our Initial Public Offering. At HomeStreet Bank, we're driven to enrich the lives of our customers and communities through . Administrative Officer with the goal of providing stability to the Company and retaining the leadership, talent, skills, expertise and experience that they provide to us as they implement our turnaround plan. The Audit Committee has adopted a policy authorizing certain permissible Each of the directors attended or participated in Patricia A. Leach, Executive Vice President of Home Street, Inc.; Executive Vice President and Income Property Lending David Westin speaks with top names in finance about the week's biggest issues on Wall Street. The Audit Committee considers whether the provision of related audit provide our named executive officers with benefits that we believe are reasonable and consistent with our overall compensation program and beneficial to the Company in attracting and retaining qualified executives.
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