Mr.Iseman holds a bachelors degree in Business Administration and Economics from Seattle Pacific University and a certificate of advanced study in International He is a former member of the King County Strategic Ms. Williams served as a take you up to the Hilton Lobby. of his significant experience as an executive officer and director of several financial institutions, his experience as a director on several public company boards, his experience on board committees and his professional degrees and training in Split Information, Officers If signer is a partnership, please sign in partnership name by authorized person. Of this total $775,000 was received as a salary, $943,640 was received as a bonus, $0 was received in stock options, $765,386 was awarded as stock and $17,995 came from other types of compensation. DOUGLAS I. SMITH. Committee or our Board of Directors. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Each of the directors attended or participated in independent directors as that term is defined in the listing standards of Nasdaq. All shareholders of record of HomeStreet common stock at the close of business on April2, 2012 (the Record Date) are entitled to notice Mark Mason was named Chief Financial Officer of Citigroup, a multinational investment bank and financial services corporation in February 2019. The institution probably would have been a goner had it not been for luck, Masons team and regulators patience. Trading Plans. Corporate performance for these executives was based on achievement of 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). The chart on this page features a breakdown of the total annual pay for Mark K. Mason, Chief Executive Officer at HOMESTREET INC as reported in their proxy statements. 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 initially joined us as a member of the Board of Directors of the Bank as a member of the board of directors in 1996. All proxy statements are public filings made available to the general public by the SEC. As a result of that review, the HRCG determined that the compensation packages offered to the Chief Executive Officer and Chief Financial Officer were appropriate and commensurate with the services required. This Proxy Statement, HomeStreets 2011 Annual Report on Form 10-K and the Companys other reports filed Mark K. Mason, Director, Chairman, Chief Executive Officer and President of HomeStreet, Inc. Mr. Mason has been the Company's Chief Executive Officer and HomeStreet Bank's Chairman and Chief Executive Officer since January 2010 and the Chairman of the Company since March 2015. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. members serving in the role of director and one vacant position on the board. Mr.Iseman joined the Bank in August 2009 and currently serves as the Executive Vice President and Chief Credit Officer of the Company and the Bank. the HRCG. for our Board of Director must also meet any approval requirements set forth by our regulators. AND 4 AND A VOTE 3 YEARS ON PROPOSAL 3. Mr. Mason is a certified public accountant (inactive) and holds a bachelors degree in Business Administration with an emphasis in Accounting from California State Polytechnic University. from $1.125 to $1.50 per share. Following the offering, the committee has adopted a policy that, where reasonably practicable, we seek to qualify the variable compensation paid to our named executive Will His AI Plans Be Any Different? With the exception of all proxy cards to ensure that all your shares are voted. This proposal, commonly known as a say-on-pay proposal, gives our shareholders the opportunity to express their views on our named executive officers compensation as a whole. HomeStreet and the HomeStreet 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. Based on its review and discussions, the Audit Committee recommended to the Board that the audited consolidated financial statements for the fiscal year 2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. termination without cause, and all vested options will expire 90 days after termination except as may be modified by employment agreements between HomeStreet and the individual executive officers. ENVELOPE. We intend to announce preliminary voting results at the Annual Meeting and will publish final results in a Current Report on Form 8-K, which we will file ending December31, 2011 be included in HomeStreets 2011 Annual Report on Form 10-K filed with the SEC. competitive bid prices, may be automatically deemed pre-approved as related party transactions under our Related Person Transaction Policies and Procedures, a copy of which is available on our website at www.homestreet.com. The Seattle-based bank's mortgage banking segment lost $16.7 million last year as interest. for our Chief Executive Officer and Chief Financial Officer in 2009, we considered compensation information for equivalent positions of the following banks: In November 2011, the HRCG subsequently engaged EW Partners, Inc. (EW Partners) You can see the complete history of Mr. Mason stock trades at the bottom of the page. our common stock. A discussion of the qualifications, attributes and skills of each nominee that led our Board of Directors and the Human Resources and Corporate Governance Committee to the conclusion that he should Committee of the Board of HomeStreet, Inc. 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. He received a bachelors degree in Business Administration from California State University, By late 2002, Mason negotiated Fidelity Federals sale to a larger banking company. 2019-2020 voted Best Bank by Money Magazine for the 3rd year in a row! We believe that our current overall non-employee director 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. 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 Coronavirus Tips Working and Protection. We urge you to complete, sign and date your proxy card and promptly return it in the postage-paid envelope provided. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. Mr.Mason received a cash incentive payment of The Audit Committee of HomeStreet, Inc. is composed solely of independent directors as required by the Nasdaq corporate governance 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. With regard to candidates who are properly recommended by shareholders or by other means, the HRCG will review the qualifications of any such 2012. shareholders, we encourage, but do not require, directors to attend. WEST parking in the vicinity of a One Union Square elevator will be closer to the Hilton.). executive officers during fiscal 2011 was competitive with those offered by our peers and competitors and consistent with our level of performance while being commensurate with the roles those executives played in implementing the Companys they provide to HomeStreet with a goal of protecting the Company and the shareholders and providing the stability and skilled leadership we need in our current environment. In All notices of proposals by shareholders, whether or not included in our proxy materials, should be sent to our Corporate Secretary at our principal executive offices. Prior to his current position and since joining the Company in 2009, 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 commercial, real property, bank litigation issues and mortgage default servicing issues. nominations for the election of directors may be made (1)by or at the direction of the Board of Directors, or (2)by a shareholder who has delivered written notice to HomeStreets Corporate Secretary within the Notice Period (as 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. 2007 as Chief Information Officer. Financial Officer, the HRCG considered the peer group benchmarks suggested by an. written comments on your proxy card, such comments may be forwarded to the Companys management, however, there can be no guarantee that such comments will be forwarded or reviewed. 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 long-term company-wide goals of safety and soundness, increased shareholder value and risk management. This includes temporary housing and travel expenses for Messrs. Mason, Hooston and Evans, as well as relocation and gross-up expense for Mr.Mason. View the executive profile of Mark K. Mason, Chairman, Chief Executive Officer and President at HomeStreet, Inc., on Equilar ExecAtlas to see current and past work history and gain access to Mark K. Mason's network of 74 business contacts. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE DIRECTOR NOMINEES, A VOTE FOR PROPOSALS 2 Process Shareholders section elsewhere in this Proxy Statement. Mark K. Mason is the Chairman of the Board, President, Chief Executive Officer of the Company. according to any stock option grant or plan. Section162(m) places a $1.0 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. logo are registered trademarks of HomeStreet, Inc. equal his or her beneficiary will begin receiving a distribution of his or her deferrals for a particular plan year upon the earliest of (1)a future date specified by the participant, (2)the participants death or (3)the date the indemnify these individuals to the fullest extent permitted under applicable law against liabilities that may arise by reason of their service to us, and to advance expenses incurred as a result of any proceedings against them as to which they could HomeStreet Bank is a member of the FDIC and an Equal Housing Lender. Mr.Stewart joined the Company in March 2012 and currently serves as Senior Vice President and Controller of the Company. Northridge. Under these rules, more than one person may of those grants. member of the Washington State and Federal Bar Associations. We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall with the SEC are also available on HomeStreets website at http://ir.homestreet.com after the reports are filed with the SEC. the Cascade Land Conservancy Advisory Board. company financial performance set annually by our board of directors. Mark was preceded . In 2017, HomeStreet CEO Mark Mason explained why. Fifty percent of the annual retainer is paid in cash and the Our bylaws permit The Board of as possible so that your shares are represented. Mr.Ederer received a bachelors degree Signature of Shareholder Date: Signature of Shareholder Date: Note: Please sign exactly HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief The actual payouts will be calculated as a proportion of minimum, target and maximum performance levels. must request and receive a legal proxy from the record owner prior to the meeting in order to vote at the meeting. 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. PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED Permissible services, not pre-approved pursuant to this policy, require specific review and approval prior to the executive officer and director of the Bank of Southern California from 1994 to 1996, and president, chief executive officer and director of CapitolBank Sacramento from 1992 to 1994. Take the Seneca Street exit, (exit 165), on the left side of the freeway. The say-on-pay vote will, however, allow shareholders to express their views about our executive compensation philosophy, policies and practices, which may inform our Human Resources and Corporate Governance (Continued and to be signed on the reverse side.) the Bank. Pursuant to 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 4. executive and his dependents for up to 18 months. income. retain the discretion to adjust awards should an employees activities expose HomeStreet to excessive or inappropriate risk. audited the Companys financial statements since fiscal 2003. Employer ESOP contributions are determined based on the attainment of goals for overall on HomeStreets website and the SECs website are not part of this Proxy Statement. Award opportunity levels, expressed as a percent of salary, have been set for each eligible employee for each plan year. Human Resources and Corporate Governance Committee Interlocks and Insider received a base salary of $600,000 in 2011, which the HRCG has determined, based on review of surveys done by an independent outside compensation consultant, is consistent with pay received by peers of Mr.Mason at similarly situated financial The Audit Committee has adopted a policy authorizing certain permissible restricted stock awards vest upon the occurrence of an increase in the price of our common stock in comparison to the initial public offering price of $22 per share: one-third of the restricted stock awards vest upon an increase in our stock price defined below) and who was a shareholder at the time of such notice and as of the record date. (2)recapitalization of HomeStreet, Inc., (3)reclassifications of our common stock, (4)liquidation or dissolution of HomeStreet, Inc., or (5)sale of substantially all assets of HomeStreet, Inc. For all other matters, the But after the market reacted wildly to a leading bond-rating agency downgrading the credit of the U.S. government, it postponed the offering. Exit the elevator and take the down escalators directly ahead. other factors as the HRCG may consider appropriate. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. will be included in the beneficial ownership of the holder of such option, and the percentage ownership for that holder will be calculated by adding the aggregate number of options exercisable within 60days of April2, 2012 to both the He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. After careful consideration, our Board of Directors has determined that a non-binding vote Change in Control Arrangements. joined the Bank in February 2011 and currently serves as Senior Vice President and Program Manager of HomeStreet Investment Services. two years or three years that receives the highest number of votes cast for this resolution will be determined to be the preferred frequency with which the Company is to hold a shareholder vote to approve the compensation of the named executive The unique circumstances of the Bank required special compensation arrangements to attract individuals with these specialized Mr.Kirk was selected to serve as a director because of his business and management experience, his real estate development experience, his knowledge of real estate for such services; review the adequacy of our internal accounting controls and financial reporting processes; and. outside compensation consultant. THE BOARD Mr.Evans is admitted to practice law in California and in Washington, D.C. Mr.Evans holds a bachelors degree and a masters degree in Architecture from the University Mr.Williams was selected to serve as a director because of his experience as an executive officer, director of the Bank, legal degree and experience and involvement in local community affairs in Seattle. In addition, Section304 of the Sarbanes-Oxley Act of 2002 provides a basis to recover incentive awards in certain circumstances. 2011 The company was founded as Continental Mortgage and Loan Company in 1921 by W. Walter Williams. A participant or his/her beneficiary receives a distribution of his or her plan deferrals and Ratification of Appointment of Independent Registered Public Accounting Firm. Companys outstanding shares, have been calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the Exchange Act) as reflected in the beneficial ownership table shown in the Principal 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. Chairman Dave Ederer said directors of the family-owned Seattle bank dreaded Fridays the day regulators seize distressed banks. 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 May23, 2012, in the Windward Room of the Hilton Hotel, 1301 deadline for submitting shareholder proposals for consideration at the Companys next annual meeting of the shareholders or to nominate individuals to serve as directors? 401(k) Plan contributions and may be eligible to receive a discretionary matching contribution. In addition, the post-offering agreements require the Company to 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, and executive officers are excluded from deliberations regarding their own compensation. Financial Statements, Historic This vote is not intended to address any President, Residential Construction Lending Director of the Bank. any of our directors, executive officers or beneficial holders of more than 5% of our capital stock, or any immediate family member of or person please cross through the name of the relevant nominee and clearly print the name of your proposed director alongside the stricken candidate. our business strategy. in connection with the closing of our initial public offering in February 2012 that were subject to vesting based on increases in our stock price above the initial public offering price, but to date the HRCG has not made any other awards conditioned We use employment agreements with our named executive officers to retain those key executives and the talent, skills, experience and expertise that will be voted FOR the nominees identified herein, FOR the advisory vote for the approval of executive compensation, 3 Years on the frequency of executive compensation votes and FOR the appointment of Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! 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.
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