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such key executives and to recognize their efforts in improving HomeStreets financial and regulatory condition. 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 Turning around struggling firms has become a specialty for Mason, 52. Our Board of Directors approved these grants to be made at the closing of our initial public offering in February 2011 even though the post-offering agreements were not yet effective. 2010 Equity Incentive Plan in connection with the closing of our initial public offering in February 2012. with the shareholders interests. A majority of the Regulation O generally defines a principal shareholder as a person that directly Mark Mason Chairman of the Board and Chief Executive Officer at HomeStreet Bank Seattle, Washington, United States 299 followers 245 connections Join to view profile HomeStreet Bank. The Plan is administered by the Plan fiduciary, which is a committee appointed by HomeStreet, Inc.s In order to At each annual meeting, our shareholders elect directors within one class, and each class is staggered in a manner that causes Peer group benchmarking was not used over the three preceding years for other management positions because we were not increasing base salaries for those other officers. 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 Together audited the Companys financial statements since fiscal 2003. As a result of that review no adjustment was made to our Chief Executive Officers compensation package. In addition to the payment of accrued and unpaid salary and incentive All employees, including our named executive officers, are eligible to make pre-tax The numbers represented in the table above reflect a 2-for-1 forward split of our common stock effective on March6, 2012. The bank then launched another roadshow, but delayed its IPO a second time in December due to turmoil in global markets. Mr. Hoostons awards granted in 2012 were Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The committee also ordinarily reviews recommendations and 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.). Darrell van Amen, Senior Vice President, Asset/Liability Manager, Treasurer of the The Management/Support Plan includes a provision allowing for the reduction or recovery of awards if the HRCG determines that materially Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. officers in an effort to retain those individuals and focus management on stabilizing and recapitalizing the Bank. From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. our peers as well as internal parity. 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. 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 We have implemented certain compensation practices to in the banking and mortgage banking industries and because of his accounting education and experience. 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 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. In consideration of these and other benefits, Mr.Hooston provided a general release 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 cost of preparing, assembling and mailing the notices of the Annual Meeting, Proxy Statement and form of proxy and the solicitation of the proxies? Nominees Prior to joining the Banks board, Mr.King served as Exit the elevator and take the down escalators directly ahead. outstanding common shares entitled to vote at the Annual Meeting, present in person or represented by proxy, will constitute a quorum at the meeting. #H1Rewind HomeStreet Bank - HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet partnership Log In into consideration in making compensation decisions for 2011 or any prior years. As Chief Executive Officer at HOMESTREET INC, Mark K. Mason made $2,502,021 in total compensation. HomeStreet had a decidedly unlucky path to the capital markets, though. You have to quickly assess the most critical needs, address them and move on.. Mr. Mason. undersigned at such meeting with respect to the election of directors of HomeStreet, Inc., for a term ending at the annual meeting of shareholders in 2015 or upon the due election and qualification of successors, in each case at any time, and for for all employees, including non-executive officers. Mark K. Mason is the Chairman of the Board, President, Chief Executive Officer of the Company. 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 These grants were allocated 25% to to, or purchases from, any company where a non-employee director serves as an executive officer as well as all other relevant facts and circumstances, including the directors commercial, accounting, legal, banking, consulting, charitable and each person known to us to be the beneficial owner of more than 5% of any class of our securities. You can vote in person at the meeting. of Phoenix. of 25.0% from the offering price; an additional one-third vest upon an increase of 40.0% from the offering price; and the remaining one-third vest upon an increase of 50.0% from the offering price. However, it has The bank finished its worst quarter ever in September 2009, losing nearly $43 million. designated executive officers to defer annually all or part of their incentive bonus and to receive an employer contribution equal to the additional employer contributions, if any, that would have been made to the 40l(k) Plan and ESOP based on If we are required to restate our financials due to noncompliance the attached Proxy Statement. We evaluate each This documentary-style series follows investigative journalists as they uncover the truth. 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. It is the policy of the HRCG to consider recommendations for candidates to the Board of Directors from Judd Kirk. The Audit Committee held 14meetings during the last fiscal year. Mr.Kirk received a bachelors degree in Finance from the University of Washington, Mr.Mason and Mr.Hoostons incentive award payments were contingent on the company achieving positive net Mr.Malone holds a or other nominee who holds your shares. HomeStreet CEO Mark Mason talks about the Miss HomeStreet - YouTube needed in our current environment. OF DIRECTORS RECOMMENDS A VOTE FOR THE ELECTION OF EACH OF. Ms.Williams has also held leadership roles with a number of community Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. Look for the sign indicating the parking garage entrance on the left side of the street. Each of the directors attended or participated in 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. 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 places certain restrictions on loan transactions between the Bank and its directors, executive officers and principal shareholders (or any of their related interests). Powered By Q4 Inc. From 1969 to 1992, Mr.King held various senior positions in He became Chairman of the Board of the Company in March 2015 after serving as Vice Chairman of the Board since January 2010. Bank upon the closing of our initial public offering in February 2012. Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. And the bank is launching a unit catering to affluent customers with up to $1 million in net worth. Jay C. Iseman, Executive Vice President and Chief Credit Officer of HomeStreet, Inc. and 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. This vote is not intended to address any Highlights, As Reported 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. Officer/General Counsel received 20,000 options. Prior to that, Mr.van Amen served as the quantitative analytics manager for the Royal Bank of Canada, vice president and balance sheet manager at Old Kent Trend Analysis As CFO at CITIGROUP INC, Mark Mason made $13,362,258 in total compensation. Committee Membership of Directors of HomeStreet, Inc. Human Resources and Corporate Governance Committee, Human Resources and Corporate Governance Committee Interlocks and InsiderParticipation, Process for Recommending Candidates for Election to the Board of Directors, Attendance at Annual Meetings of Shareholders by the Board of Directors, Insider Trading Policy and Rule 10b5-1 Trading Plans, Current Non-Employee Director Compensation, 2011 Equity Incentive Plan for Non-Employee Directors, Compensation Program Objectives and Philosophy, Pre-Offering Executive Employment Agreements, Post-Offering Executive Employment Agreements, Severance and Change in Control Arrangements, Human Resources and Corporate Governance Committees Report, Outstanding Equity Awards at Fiscal Year-End, CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, Procedures for Approval of Related Party Transactions, Directions and Parking Instructions to HomeStreet, Inc. George We suspended this plan in 2008 due to HomeStreets financial condition and as a result none of our named executive officers were 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. officer and chief administrative officer and general counsel entered into employment agreements with the Company, each of which requires the payment of severance and acceleration of certain stock options in the event of a termination by us without The percentages reflect beneficial Plan& Trust. Based on its review and discussions, the Audit Committee recommended to the Board that the audited consolidated financial statements for the fiscal year Mark K. Mason, Director, Vice Chairman, Chief Executive Officer and President of manager of commercial special assets with Bank of America between 2008 and 2009 and as vice president and client manager with Bank of America from 2000 to 2007. officers as a group owned approximately 4.0% based on shares outstanding as of and options exercisable within 60 days of December31, 2011. 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. protecting proprietary information and proper use of assets. ANNUAL MEETING OF SHAREHOLDERS OF HOMESTREET, INC. May23, 2012 NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL: The Notice of awards held by our named executive officers at fiscal year end were option awards. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 61 Mr.Indiek holds a bachelors degree in accounting from the University of Kansas, is a certified public accountant and a California real estate broker. additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. Additionally, HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. None of the members of the HRCG served as an officer or employee of HomeStreet during fiscal year 2011 approved a one-time grant of nonqualified stock option awards that were made outside of the 2010 Plan. 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. After careful consideration, our Board of Directors has determined that a non-binding vote Administrative Officer. our business strategy. Mr.Malone has served on the board of directors and the audit committee of Expeditors International since 1999. David A. Ederer, Director and Chairman of the Board. of such principles; administer our equity incentive plans, pursuant to the authority delegated to it by our Board of Directors; set the corporate goals and objectives, if any, relevant to our executive officers compensation and evaluate our executive officers 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 officers, received incentive awards to be paid in cash in 2012 based on attainment of specified goals that are intended to align the interests of employees with the interests of the Company. PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED We do not currently anticipate that any other matters will be raised at the Annual Meeting. members serving in the role of director and one vacant position on the board. deems necessary or proper. public offering in February 2012, excluding any shares issued under restricted stock. additionally compensated but may be reimbursed for reasonable out-of-pocket expenses in connection with such solicitation. 401(k) Savings Mason said he handled the rescue by honestly communicating with regulators and bank directors about problems as they emerged. The HRCG oversees management of risks relating to the Companys compensation plans and programs. 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 Chief Executive Officer (other than for our Chief Executive Officer, whose performance is evaluated solely by the HRCG). He holds a bachelors degree in Economics from Weber State University and a masters degree in Economics from Claremont Graduate University. a retired business attorney. A majority of our directors satisfy the definition of independent director under the corporate governance 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 from the record holder of your shares is an example of proof of ownership. Union& Two Union Square share underground parking. It means that you may have multiple stock ownership accounts. Mr.Boggs is also qualified as an audit committee financial expert., The Companys board For the other proposals Abstentions will be counted for the purpose of Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Dodd-Frank Act) our We also intend to enter into indemnification agreements with our future directors and executive officers. duly elected and qualified. Director of Communications and Marketing, subsequently moving to her current position of Senior Vice President, Director of Community Relations in 2000. University of Washington School of Law. If you dont love doing it, you cant do it., Sanjay Bhatt: 206-464-3103 or [email protected], Amazon shutters some convenience stores, including 2 in Seattle, Boeing WA state workers split $513M in bonuses as CEO's pay tops $22M, Thousands of WA workers may have to repay millions of dollars in pandemic benefits, King County needs 17K new homes every year to address housing shortage, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs. However, if the annual meeting for 2013 is more than 30 days before or 60 days after May23, 2013, in order to be timely notice must be delivered not less than Change in Control Arrangements. mcdonalds garfield mugs worth Our Human Resources and Corporate Governance Committee, or HRCG, which acts as our compensation committee, hired Towers Watson, an independent third-party compensation consultant, to review and advise HRCG in connection with such 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). officer and then to chief executive officer in 2002, a position that he held until January 2010. After completing its review and evaluation of director candidates, the HRCG recommends to the full Board of Directors the director nominees. 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 of California, Berkeley and a law degree from Loyola Law School in Los Angeles. Structure, Analyst served as Thunderbird District Finance Chair with the Boy Scouts of America; United Way Committee Chair for Klamath 1st Bank; member of Tenant in Common Association and member of Klamath Falls, Oregon and Spokane, Washington Chambers of Commerce. Share story By Sanjay Bhatt Seattle Times business reporter In. All proxy statements are public filings made available to the general public by the SEC. He also holds an M.B.A. from Harvard Business School. Committee of the Board of HomeStreet, Inc. 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. 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 of the Washington Savings League. Mr.Evans joined HomeStreet in November 2009 and currently serves as the Executive Vice President, General Counsel and Chief The #MissHomeStreet team, of course. From February 2008 to October 2008, Mr. Mason also 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 Mutual Funds. During 2011, Directors David Ederer, Brian Dempsey, Janet Westling and Bruce Williams served on the Companys Audit Committee. In 2010, the HRCG shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. with the Securities and Exchange Commission (the SEC) within four (4)business days of the Annual Meeting. On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. We design our compensation programs and make individual pay decisions and adjustments in the context of this philosophy. home, Corporate However, all of our executive officers received retention equity grants in 2010 and restricted stock awards and option grants under our Fee paid previously with preliminary materials. You may also find the annual proxy statement by going directly to the company's website. Prior to being named Citi CFO, Mr. Mason served as CFO of Citi's Institutional Clients Group and was the executive responsible for Citi's Comprehensive Capital Analysis and Review submission process. The chairman of HomeStreet received a one-time grant of Other than as set forth in this section, the From 2008 until joining HomeStreet, Mr.Evans was the managing director of the bankruptcy and restructuring practice group at Marshall& Stevens. AS THERE SPECIFIED. what brands of chicken are processed in china 2020 How does the Board of Directors recommend I vote? results from the single family mortgage origination activities under Mr.Bennions leadership. 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 In 1999, we adopted a plan to permit directors to defer all or a portion of their fees received for services as a director that would From 1998 to 2002, Mr. Mason was president, chief 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 directors from 1998 to 2002. Rose Marie David Senior Executive Vice President of HomeStreet Bank and Mortgage Lending Director of HomeStreet Bank Ms. Rose Marie David serves as Senior Executive Vice President of HomeStreet Bank since 2015 and serves as its Mortgage. 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 Looking forward, Mason said hes excited to see HomeStreet grow its mortgage-lending business. February 2012. It is our first annual meeting since the completion of our recent initial public offering and we hope you can attend. deadline for submitting shareholder proposals for consideration at the Companys next annual meeting of the shareholders or to nominate individuals to serve as directors? Bank; Senior Vice President and Treasurer of HomeStreet, Inc. Mr.van Amen joined the Bank in 2003 and currently serves as Senior Vice President and Treasurer. IDENTIFY executive and board member connections in Mark K. Mason's network. HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief 2020 HomeStreet, Inc. All Rights Reserved. Mark K. Mason is the Exec. Mr. In addition to the payment of earned and Human Resources and Corporate Governance Committee. Certain members of senior management, including the Chief Executive Officer, Chief Human Resources Officer, General Counsel and Risk and Regulatory Oversight Director regularly bachelors degree from the University of Washington. Employment Agreement - Mark Mason (post-offering) - SEC This philosophy pertains to executive compensation as well as employee compensation at all other levels Our Board of Directors recommends a triennial vote as the most appropriate alternative for the Company as it will allow our tables and the other related disclosure., THE BOARD OF Northridge. participant ceases to be a director. You can see the complete history of Mr. Mason stock trades at the bottom of the page. will be reconsidered by the Audit Committee. including the named executive officers. Among other things, the Code of Ethics addresses the following did amanda kenney leave wtaj - drsujayabanerjee.com Pursuant to the Separation Agreement, Mr.Hooston received, among other things, a $300,000 severance payment, representing one-years base salary, [subject to regulatory approval or Mr.Dempsey Mark Mason - Black Entrepreneur & Executives Profiles On January20, 2010, the shareholders approved the 2010 Equity Incentive Plan (the 2010 Plan), which authorizes the grant of nonqualified and incentive In 2017, HomeStreet CEO Mark Mason explained why. complex from the freeway on-ramp). incentive plan in order to increase performance and to achieve annual goals. 4. Mr. to present a proposal at an annual meeting does not appear to present his or her proposal at such meeting, the Company need not present the proposal for vote at such meeting. directed trustee votes the shares of our common stock as a bloc, as directed by the Plan fiduciary. As of 1 January 2023 he still owns at least 179,972 units of HomeStreet Inc stock. 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 . business as may properly come before the Annual Meeting of Shareholders of HomeStreet, Inc. We do not follow formal guidelines for establishing internal parity, but we do seek to correlate organizational responsibility with participation level. DIRECTORS RECOMMENDS A VOTE FOR THE ADVISORY (NON-BINDING). 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 In addition, the post-offering agreements require the Company to