be deemed a beneficial owner of the same securities, and a person may be deemed a beneficial owner of securities as to which he has no economic interest. The 2010 As of the record date, 7,162,606.8 shares of our common stock were issued, outstanding and entitled to vote at the Annual Meeting. meeting. He holds a bachelors degree in Economics from Weber State University and a masters degree in Economics from Claremont Graduate University. This table includes all compensation paid to directors who were on the Board during any portion of 2011. income. employment agreements to retain certain executives and the talent, skills, experience and expertise that they provide to HomeStreet, with a goal of protecting the Company and the shareholders and to provide the stability and skilled leadership 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 Named Executive Officers. 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. Shareholder ratification of the selection of KPMG LLP is 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. Ms.Greenwald joined the Bank in 1984 and currently serves as Senior Vice President, Single Family Lending Operations Director. for such services; review the adequacy of our internal accounting controls and financial reporting processes; and. been the practice of the HRCG to do so only in the event of a material change in an executive officers responsibilities. principal at Indiek Realty/Finance, which he formed in 1995.
In 2011, we entered into two sets of executive employment agreements with each of Messrs. Mason, Hooston, Evans and Iseman.
Patti Payne: Top leaders share lessons learned from a most challenging From January 2010 until March 2015, Mr. Mason was the Vice Chairman of the Companys Board. You have to quickly assess the most critical needs, address them and move on.. 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. Join Facebook to connect with Mark Mason and others you may know. according to any stock option grant or plan. She is a member of both the regional and national chapters of the Association for Financial When shares are held jointly, each holder should sign. You may NOT cumulate votes relating to the election of directors. If you are the beneficial owner of shares held by a broker in street name, your broker, as the record holder of the shares, is required to vote the shares in accordance with your instructions. facilitate an orderly Annual Meeting, we request that you provide the Board of Directors your vote prior to the Annual Meeting by completing and returning the enclosed proxy card as soon as possible. We believe that our compensation program is reasonable and appropriate based in part on the analysis and advice of our outside compensation Technology Advisory Council, the Seattle University Accounting Advisory Board and the Financial Executives International. 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 director candidates and has the authority to approve the fees and retention terms of any search firm. Mr.Boggs was selected to serve as a director because of his significant accounting and financial experience, his accounting credentials and degree as Try to find parking in the WEST section of the garage, near the One Union Square elevator on any level. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. Executive Compensation.. Freddie Mac, serving initially as its first chief financial officer from 1970 to 1973 and then as its president and chief executive officer from 1974 to 1977. The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. Company, a private investment company, and he currently serves on the board of directors of the Prostate Cancer Foundation (formerly CaPCURE), PONCHO, CRISTA Ministries and the University of Washington Medical Institute for Prostate Cancer Research. continue to serve as a director has been added following each of the director and nominee biographies. If you do not mark your vote on your proxy, David A. Ederer, Chairman of the Board of Directors, and GodfreyB. Evans, our The Audit Committee of HomeStreet, Inc. is composed solely of independent directors as required by the Nasdaq corporate governance He sold the credit-card operations that had pushed the bank to the brink. Shareholders may request a free copy of the Principles of The amounts and percentage of our common stock beneficially owned are reported on the basis of regulations of the SEC governing the We use employment agreements with our named executive officers to retain those key executives and the talent, skills, experience and expertise that In the event of termination for cause, all unvested Mr.Mason in the aggregate amount of $288,885. Ms. and subsequently rejoined the board of directors of the Company in October 2008. You may cast your vote on your preferred voting frequency by choosing the option of one year, two years, three years or abstain from Mr.Mason brings extensive have an exercise price equal to or greater than the fair market value of the underlying stock on the date of grant. Mr.Williams holds a bachelors degree in History from Stanford University and a law degree from the Policy, Homeowner
Mark Edward Ritchey Obituary | Star Tribune applicable regulations, if you do not give instructions to your broker, your broker will not be permitted to vote your shares with respect to the Proposals 1, 2 and 3, described in this Proxy Statement. In addition, in November 2011 to determine the competitiveness of our Chief Executive Officers compensation package, our HRCG considered the peer group benchmarks and survey information suggested by an outside compensation The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. number of directors may not shorten the term of an incumbent. HomeStreet, Inc.s board of directors has authorized by resolution a 12-member board of directors, however, we currently have 11 Mark Mason is a Chairman & Chief Executive Officer at HomeStreet Bank based in Seattle, Washington. executive and his dependents for up to 18 months. While we expect that all of the nominees University Street curves and becomes Seventh Avenue. When the bank announced plans last May to sell stock to the public for the first time, the economy appeared to be on the rebound and pundits dismissed talk of a double-dip recession. additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. The Board of Directors has determined that, with the exception of Mark Mason and Bruce Williams, all of its current members are 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 Prior to joining Port Blakely Communities, he served as president How does the Board of Directors recommend I vote? for all employees, including non-executive officers. All named executive officers are provided with the same Shareholders section elsewhere in this Proxy Statement. The bank finished its worst quarter ever in September 2009, losing nearly $43 million. Executive Deferred Compensation. Every Friday afternoon, we would all be on pins and needles. 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.
HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet In addition, the plan authorizes the HRCG to provide that the grant, vesting or settlement of any award made under the plan may be subject to one or more pre-established performance goals. As a result, the Notice Period for the 2013 annual meeting of OF DIRECTORS RECOMMENDS A VOTE FOR THE RATIFICATION OF THE APPOINTMENT way, the Board of Directors may decide that it is in the best interests of our shareholders and the Company to hold an advisory vote on executive compensation more or less frequently than the option approved by our shareholders. Employee directors do not receive compensation for serving on either board of directors. 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. incentive awards in 2011 as follows: Mr.Evans and Mr.Isemans incentive targets were two components: 50% corporate performance and 50% individual performance. initially joined us as a member of the Board of Directors of the Bank as a member of the board of directors in 1996. specific individuals may vary based on a number of factors, including competing compensation programs available for similar positions, scope of duties, tenure, specialized experience, institutional knowledge and performance. 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.
differenza tra associazione culturale e associazione di promozione sociale Administrative Officer. Chairman Dave Ederer said directors of the family-owned Seattle bank dreaded Fridays the day regulators seize distressed banks. Mr.Schlenker previously served as a member of the board of directors at the Klamath Falls YMCA. The Companys Human Resources and Corporate Governance committee, or HRCG, acts as both our nominating and corporate governance committee and our compensation committee. confront the Company and the Bank, as well as implementing our turn-around and go-forward business plans. With the exception of Ms.Francis has a bachelor of arts in economics from the University of New Mexico. officers for an exemption from the deductibility limits of Section162(m). ANNUAL MEETING OF SHAREHOLDERS Wednesday, May23, 2012 10:00 a.m. At The Windward (2)such factors as issues of character, integrity, judgment, diversity of experience, independence, area of expertise, corporate experience, length of service, potential conflicts of interest, other commitments and the like, and (3)such By late 2002, Mason negotiated Fidelity Federals sale to a larger banking company. Proposal to elect directors from among the nominees set forth below. Who can help answer any other questions I may have?
Compensation Information for Mark K. Mason, Chief Executive Officer of places certain restrictions on loan transactions between the Bank and its directors, executive officers and principal shareholders (or any of their related interests). Your vote is important. familial relationships. community bank located in Bellevue, Washington. These grants were allocated 25% to Notwithstanding our overall compensation objectives, incentive compensation opportunities for Douglas I. Smith. This analysis provided competitive data on long-term awards expressed as a multiple of base salary. HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. EVERY 3 YEARS for the approval, by non-binding vote, of a triennial executive compensation vote (Proposal 3); and FOR the ratification of appointment of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year All of the 2010 retention grants duly elected and qualified. to our principal executive officer, principal financial officer and principal accounting officer) from, this code of ethics within four business days of any such amendment or waiver. Ms.Williams has also held leadership roles with a number of community If you mark your voting instructions on the proxy card, This philosophy pertains to executive compensation as well as employee compensation at all other levels As the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc, the total compensation of Mark Mason at HomeStreet Inc is $1,714,120. February 2009 to March 2012. All 2010 retention grants will become vested and exercisable immediately upon a change of control of HomeStreet, Inc., as
Mark Mason - Facebook HomeStreet has an insider trading policy that prohibits, among other things, short sales, hedging of stock business unit executive officers. By accessing ExecAtlas, you can view bios, network, connections and references We refer to these awards in this Proxy Statement as the 2010 retention grants. These awards were granted to retain certain key pre-established percentage of the Companys outstanding common stock as measured on a pre-offering basis: 3.7% for Mr.Mason, 1.0% for Mr.Hooston, and 0.7% for each of Messrs. Evans and Iseman. Together business as may properly come before the Annual Meeting of Shareholders of HomeStreet, Inc. We suspended this plan in 2008 due to HomeStreets financial condition and as a result none of our named executive officers were programs for named executive officers are established by the HRCG at the beginning of each fiscal year. 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 From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. a retired business attorney. [11], "Continental, Inc." redirects here. 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 Officer and Chief Financial Officer positions. 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 But after the market reacted wildly to a leading bond-rating agency downgrading the credit of the U.S. government, it postponed the offering. Mr.Morrison is Thomas E. King. FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012. A Plus, the states economy has improved rapidly. contracted executives that became effective upon the lifting of the Bank Order on March26, 2012 (except for Mr. Hoostons agreement, which was superseded by the Separation Agreement. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. compensation arrangements. Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. other factors as the HRCG may consider appropriate. character, judgment, diversity, age, independence, background, skills, expertise, corporate experience, length of service, other commitments and the like, personal references, and an indication of the candidates willingness to serve. We needed all three, he said. Section16(a) of the Securities Exchange Act of 1934, as amended, requires our executive officers and directors, and persons who own more than ten percent of a registered class of our equity The transaction was expected to be finalized in the first half of 2019. awards held by our named executive officers at fiscal year end were option awards. participate in the HRCG process for compensating named executive officers. What happens if I sign and return my proxy card, but dont mark my votes? Calculators, Stock
Because the Bank Order was terminated in March 2012 and replaced with an informal memorandum of understanding, these options are now vested as to 75% of the stock We also believe the compensation paid to our The Seattle-based bank's mortgage banking segment lost $16.7 million last year as interest. obtained without charge by writing to Investor Relations, HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. We adopted a broad-based, non-discretionary severance plan following approval by our the Bank Order and the remaining 25% vest upon the third anniversary of the grant. The committee also ordinarily reviews recommendations and Equity Grants Effective at Closing of our Initial Public Offering. Let us earn your business. THE SHARES REPRESENTED HEREBY SHALL BE VOTED SPECIFICALLY ON THE PROPOSALS LISTED ON THE REVERSE SIDE HEREOF
Mark Mason Email & Phone Number - HomeStreet Bank | ZoomInfo You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). The HRCG granted stock option awards Our Articles of Incorporation provide that our directors will serve a term of three years or until their respective successors are officers that exceed $500,000 in aggregate require the approval of the Banks board of directors. 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 Liked by Courtney Mason Happy to announce that WaFd Bank wins again! 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. of Directors (the Board) to vote on two non-binding proposals relating to executive compensation, and to ratify the selection of the Companys independent registered public accounting firm of for the year ending December31, Director of Communications and Marketing, subsequently moving to her current position of Senior Vice President, Director of Community Relations in 2000. The Audit Committee reviews and discusses with Directions and Parking Instructions to HomeStreet, Inc. 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 cost of preparing, assembling and mailing the notices of the Annual Meeting, Proxy Statement and form of proxy and the solicitation of the proxies? Without a quorum, no business may be transacted at the Annual Meeting. 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 Mr. Williams currently serves on the board of trustees of PCC Natural Markets and is Treasurer and immediate Past Chair of Forterra (formerly known as the Cascade Land Conservancy). core deposits by at least 3.0%. leave. Management/Support Performance-Based Annual Incentive Plan. In addition to the prohibitions against solicitation of customers and employees Financial Officer, David Hooston, effective as of March31, 2012.
HomeStreet Bank - Wikipedia School of Business, and a law degree cum laude from Harvard Law School. Exchange Act). Prior to his current position with the The Audit Committee held 14meetings during the last fiscal year. We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). In their discretion, the proxies are authorized to vote upon such other and collateral, as those prevailing at the time for comparable loans with persons not related to us, and do not involve more than the normal risk of collectability or present other features unfavorable to us. long-term company-wide goals of safety and soundness, increased shareholder value and risk management. It is my distinct pleasure to invite you to attend the 2012 annual meeting of shareholders of HomeStreet, Inc. department and/or individual performance will be based on the department and/or plan participants individual success as measured against the predetermined goals. Mr.Indiek joined the Board of Directors of HomeStreet, Inc.and the The HRCG reviewed the McLagan report and took it into consideration in determining its 2011 incentive plan arrangements for the entire organization.
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