Mark Mason is on Facebook. This analysis provided competitive data on long-term awards expressed as a multiple of base salary. Coronavirus Tips Working and Protection. As we were not publicly traded prior to February10, 2012, the HRCG did not previously take this deductibility limit (3)payment of health insurance premiums for executive and his dependents for up to 18 months. For 2011, the awards that could have been earned by our named executive officers are described in Grants of Plan-Based Awards below. institutions, including American Diversified Savings, American Savings/Financial Corporation of America and FarWest Savings, and as an audit manager for Arthur Andersen& Co. mcdonalds garfield mugs worth Mr.Morrison received a bachelors degree in Business Administration and Accounting from the University of Washington and a law degree from Stanford Law School. Our Board has sent you this Proxy Statement and the accompanying proxy card to ask for your vote, as a shareholder of HomeStreet, on certain matters that will be voted on at the Annual Meeting. The HRCG typically considers several factors when setting the base discussed with the independent registered public accounting firm that firms independence. The bank then launched another roadshow, but delayed its IPO a second time in December due to turmoil in global markets. 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 executive officer and chief lending officer for Bank Plus Corporation and its wholly owned banking subsidiary, Fidelity Federal Bank, where Mr.Mason also served as the chief financial officer from 1994 to 1995 and as chairman of the board of Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. Each member of the HRCG meets the independence standards established under Because the Company did not have a registered class of securities in fiscal year 2011, no Section16 reports were due during that year. with the shareholders interests. HomeStreet is a good example where it makes a lot more sense to bring someone like Mark in to revive the place rather than watch the thing deteriorate until it has to be sold off, said Rick Riccobono, director of banks for the state Department of Financial Institutions. your shares will be voted as you instruct. Based on its review and discussions, the Audit Committee recommended to the Board that the audited consolidated financial statements for the fiscal year She is an associate member for the Corporate Council of the Arts. Mr.King, joined the board of directors of the Bank in 2010 and became a director of HomeStreet, Inc. following the closing of our initial public offering in February 2012. of knowledge, experience and capability on the Board of Directors and considers (1)the current size and composition of the Board of Directors and the needs of the Board of Directors and the respective committees of the Board of Directors, Mr. Mason is a certified public accountant (inactive) and holds a bachelor's degree in business administration with an emphasis in Accounting from California State Polytechnic University. Bruce W. Williams. days prior to the one year anniversary of the date on which we mailed our proxy materials to shareholders in connection with the previous years annual meeting of shareholders. Mr. Mason is on the boards of directors of the Pacific Bankers Management Institute (the parent company of the Pacific Coast Banking School) and The Washington Bankers Association, and is an advisory board member of Seattle Universitys Albers School of Business and Economics. All The components of this plan are described in more detail below under Are you Mark K. Mason? regulators on February25, 2009. School of Business, and a law degree cum laude from Harvard Law School. Our bylaws permit well as his experience as a designated financial expert on audit committees. You can vote in person at the meeting. Kathleen A. Kanealii, Senior Vice President, Business Banking Director of appropriate on matters that involve specific areas of risk that each Committee oversees. 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. A majority of the Most recently Mr.Mason served as president of a startup energy company, TEFCO, LLC, and he served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank, and The Bjurman Barry Family of About Us | HomeStreet Bank In 2010 and early Mark Edward Ritchey Obituary | Star Tribune according to any stock option grant or plan. 401(k) Savings In addition, each director earns a fee of $1,000 per board meeting, it mean if I get more than one proxy card? notice of meeting given by or at the direction of the Board of Directors, (2)properly brought before the meeting by or at the direction of the Board of Directors or (3)properly brought before the meeting by a shareholder who has He compensation policies and programs include: provide levels of compensation competitive with those offered by our peers and competitors and consistent with our level of performance; attract and retain the most qualified and experienced individuals available to further our success; align the interests of executives and shareholders by linking a significant portion of an executives compensation to HomeStreets short- and Ms.Leach joined the Bank in 1985 and since 1998 has served as the Executive Vice President and Income Property Lending Director. Election of Directors. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. be indemnified. Mr. Mason is on the boards of directors of the Pacific Bankers Management Institute (the parent company of the Pacific Coast Banking School) and The Washington Bankers Association, and is an advisory board member of Seattle Universitys Albers School of Business and Economics. Income at a target of $43.3 million (2)reducing non-performing assets to total assets to 5.8% (3)reducing classified assets to total assets to below 9.0% (4)achieving a net interest margin of at least 2.46% and (5)increasing Summary Mark K. Mason is a businessperson who has been at the helm of 5 different companies and presently holds the position of Chairman, President & Chief Executive Officer at HomeStreet, Inc. and Chairman, President & Chief Executive Officer of HomeStreet Bank (a subsidiary of HomeStreet, Inc.). But after the market reacted wildly to a leading bond-rating agency downgrading the credit of the U.S. government, it postponed the offering. may direct the Plan trustee as to how to vote their shares of our common stock in their ESOP stock accounts with regard to approval or disapproval of any of the following events: (1)corporate merger of HomeStreet, Inc., The following table presents fees billed for professional audit services and other services rendered to HomeStreet by KPMG LLP for the Mark Mason serves as the CEO / President of HomeStreet. Who is paying 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 ADVISORY (NON-BINDING) VOTE ON EXECUTIVE COMPENSATION. Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! 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. FOLLOW changes in Mark K. Mason's employment. 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. Mr.Morrison is officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the other related disclosure.. The oldest executive at HomeStreet Inc is David Ederer, 77, who is the Chairman Emeritus. . 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. The our common stock. the Dodd-Frank Wall Street Reform and Consumer Protection Act. In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive Prior to joining the Bank, he held various officer positions at Safeco Corporation, including vice president, application solution delivery. Urban Land Institute (CDC Council), American College of Real Estate Lawyers, and the Pacific Real Estate Institute. to provide updated peer group benchmarks for our Chief Executive Officer in order to determine if the compensation package provided for that executive officer would require any adjustments to be competitive in 2012, especially in light of the will be reconsidered by the Audit Committee. The Audit Committee considers whether the provision of related audit Our Executive Vice President, Residential Lending also received a grant of 8,000 options at a price per share of $1.50. There are 19 older and 7 younger executives at HomeStreet Inc. She is also treasurer of the Urban Land Prior to joining the Bank, Ms.Kanealii served Bank of America as senior vice president and senior relationship manager for middle Ms.Williams is the sister of Executive Compensation.. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid nonperforming assets, OREO valuation adjustments and accruals for incentive payments for all plan participants. There are no executives at HomeStreet Inc getting paid more. ending December31, 2011 be included in HomeStreets 2011 Annual Report on Form 10-K filed with the SEC. The unique circumstances presented by the Banks financial condition and the market downturn had a direct Hear from HomeStreet CEO Mark Mason as he talks about the Miss HomeStreet partnership in 2017. There are 19 older and 7 younger executives at HomeStreet Inc. 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 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. We also believe the compensation paid to our shareholders are entitled to vote, on an advisory or non-binding basis, on the compensation of our named executive officers as disclosed in accordance with the SECs rules in the Executive Compensation section of this Proxy HomeStreets 2011 Annual Report on Form 10-K, including financial statements, is being mailed to shareholders with this Proxy Statement. all proxy cards to ensure that all your shares are voted. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. From 1999 until 2001, he also served as a member of the board of directors of the Company, and rejoined the board of directors of Were excited to be back as a full-service bank, Mason said. Employer matching contributions for the 401(k) Plan 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