Equity Grants Effective at Closing of our Initial Public Offering. Proxy instructions, ballots and voting tabulations that identify an individual shareholder are handled in a manner that protects your voting privacy. FOR AGAINST ABSTAIN. A majority of our directors satisfy the definition of independent director under the corporate governance $500,000 per year. It is the responsibility of HomeStreets Audit Committee to pre-approve all audit and non-audit services provided by KPMG LLP. 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. In their discretion, the proxies are authorized to vote upon such other You can vote on matters that properly come before the Annual Meeting in one of two ways: You do this by marking, signing and dating the proxy After completing its review and evaluation of director candidates, the HRCG recommends to the full Board of Directors the director nominees. Mason joined Citigroup in 2001 and has held a number of executive positions at the firm, including Chief Financial Officer of Citi's Institutional Clients Group, Chief Executive Officer of Citi Private Bank, Chief Executive Officer of Citi Holdings, and Chief Financial Officer and Head of Strategy and M&A for Citi's Global Wealth Management The 2010 Plan was adopted subject to the condition that no awards be made under the plan until after the closing of the initial public offering, therefore no awards were granted in 2010 or 2011 under the 2010 Plan. Mark Mason serves as the CEO / President of HomeStreet. previously. 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 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 member of the Washington State and Federal Bar Associations. The numbers represented in the table above reflect a 2-for-1 forward split of our common stock effective on March6, 2012. officers for an exemption from the deductibility limits of Section162(m). In early February, an opening appeared as market volatility was low. 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. officers as a group owned approximately 4.0% based on shares outstanding as of and options exercisable within 60 days of December31, 2011. a retired business attorney. We are requesting that you provide the Board of Directors your vote prior to the meeting by completing and returning 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 The HRCGs Committee Report is included in this Proxy awards for 2011 in April 2012 following the completion of our annual audit. Mr. Bennions incentive target was three View All Leadership Share Bio All elements of compensation were reviewed including base salary, short-term incentive, long-term incentives and supplemental benefits/perquisites for the years Unless otherwise specified, all ownership interests or voting power referenced herein, either in percentage terms or number of shares, in respect of the shareholder of record and you sign your proxy card but do not give instructions with respect to the voting of directors, your shares will be voted FOR the re-election of Messrs. Dempsey, Morrison and Smith. proven expertise and managerial talent. The HRCG oversees management of risks relating to the Companys compensation plans and programs. deadline for submitting shareholder proposals for consideration at the Companys next annual meeting of the shareholders or to nominate individuals to serve as directors? Mark K. Mason - Executive Bio, Work History, and Contacts - Equilar 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 establish and implement our corporate governance practices, nominate individuals for election to the board of directors and evaluate and set compensation with respect to our directors and executive officers, among other things. On average, Mark trades about 13,844 units every 126 days since 2007. For its 2021 fiscal year, HOMESTREET INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. As Chief Executive Officer at HomeStreet, Inc., Mark K. Mason made $2,502,021 in total compensation. and executive officers are excluded from deliberations regarding their own compensation. 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 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 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 Mark Mason | The Seattle Times incentive plan in order to increase performance and to achieve annual goals. The proposals scheduled to be voted on at the Annual Meeting are: The election of the three Class I directors listed in this Proxy Statement to serve for a term of three years or until their respective successors are did amanda kenney leave wtaj - drsujayabanerjee.com From 1999 to 2002 he served as a director and chairman of the audit committee of Bank Plus Corporation and Fidelity Federal Bank. HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. [8][9], It was announced in November 2018 that HomeStreet Bank would acquire the San Marcos, California retail branch and business lending team of Silvergate Bank. The HRCG has the authority to Director of Communications and Marketing, subsequently moving to her current position of Senior Vice President, Director of Community Relations in 2000. Bank through our initial public offering, our Board also approved grants of restricted stock awards and stock options to senior executive officers under our 2010 equity incentive plan, with such grants becoming effective upon the closing of our 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 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive and to vote at the Annual Meeting. Coverage, SEC retained Amalfi Consulting, LLC, now McLagan, as an independent third-party consulting company specializing in providing compensation consulting services to financial institutions, to assess our compensation programs and policies. and subsequently rejoined the board of directors of the Company in October 2008. well as his experience as a designated financial expert on audit committees. your shares will be voted as you instruct. needed in our current environment. Compensation Information for Mark Mason, CFO of CITIGROUP INC - Salary.com separation agreement we entered into in March 2012 with David Hooston, our former Chief Financial Officer, we agreed, subject to regulatory approval, to accelerate the vesting of an additional 25% of the stock options granted to Mr.Hooston By discussed with the independent registered public accounting firm that firms independence. Last year, it earned a profit of about $17.6 million. Plus, the states economy has improved rapidly. Mr.Morrison served as a member of the board of directors of HomeStreet, Inc. from 2003 until May 2008, Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. Shareholders may request a free copy of the Principles of Additionally, 61 These grants consist of restricted stock that will vest in equal installments over In May 2011, to provide additional compensation incentives and reward certain key executives who have played an important role in recapitalizing the professional degrees and training in business and management. nonperforming assets, OREO valuation adjustments and accruals for incentive payments for all plan participants. The 2010 equity incentive plan was not effective for 2011. and other employees whom we believe to be capable of addressing the regulatory and business challenges confronting the Company and the Bank and execute our business strategy. additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. long-term financial performance; and. 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). purposes of hiring employees but as no base salary increases have been granted to any named executive officers since 2008, no base salary surveys were conducted during 2009, 2010 or 2011 other than the Chief Executive Officers base salary, All shareholders of record of HomeStreet common stock at the close of business on April2, 2012 (the Record Date) are entitled to notice Beginning in 2009, we imposed a general freeze on salary increases and in 2009, 2010 and 2011 we also suspended contributions to the Employee Stock Director of the Bank. Award opportunity levels, expressed as a percent of salary, have been set for each eligible employee for each plan year. We encourage any shareholders who would like to provide The annual incentive awards granted under this plan provide for payments based upon attainment of specified goals that are intended to align the interests of employees with the interests of HomeStreet. Mark K. Mason is the Exec. Thorough reviews have been conducted to assure this data accurately reflects disclosures. These pre-offering agreements, which were in effect for most of 2011 and the beginning of 2012, provided for base salaries of not less than $600,000 for Mr.Mason, $300,000 for Mr.Hooston, ANNUAL MEETING OF SHAREHOLDERS OF HOMESTREET, INC. May23, 2012 NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL: The Notice of 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. each of the first three anniversaries of the grant date. Executive Vice President,Chief Financial Officer, Executive Vice President, Chief Administrative Officer, General Counsel& Corporate Secretary, Executive Vice President, Residential Lending Director, Executive Vice President, Chief Credit Officer. shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. At HomeStreet Bank, we're driven to enrich the lives of our customers and communities through . additional directors prior to the annual meeting of shareholders at which directors are elected. executive officers. Additionally, we hope that you can attend the meeting in person. skills. Look for the sign indicating the parking garage entrance on the left side of the street. What proposals 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 Executive Mr.Mason, who was hired in late 2009 based on his skills and experience in implementing turn-around plans at troubled financial institutions, 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 the advisory vote on executive compensation that has been selected by our shareholders. Prior to joining Port Blakely Communities, he served as president membership and parking. solicitation material to. 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 OF KPMGLLP AS HOMESTREETS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The plan Patti Payne: Top leaders share lessons learned from a most challenging If you want to vote your shares of common stock held in street name in person at the Annual Meeting, you will have to get a written proxy in your name from the broker, bank What does and/or individual performance will be allocated based on the specific weighting of the goals, the participants annual incentive award tier, and the actual performance compared to the pre-determined minimum, target and maximum performance 4. will be reconsidered by the Audit Committee. Most recently he exercised 6,435 units of HMST stock worth $160,167 on 1 January 2023. More specifically, Of this total $750,000 was received as a salary, $5,488,167 was received as a bonus, $0 was received in stock options, $7,106,691 was awarded as stock and $17,400 came from other types of compensation. importance of Mr.Mason to our recapitalization and turnaround plans. 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. He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. Statement. Courtney Mason - Principal & Founder - CMC Advisors | LinkedIn To view Mark K. Mason's complete executive work history, 1100 Marshall Street, Redwood City, CA 94063 | Phone (650) 241-6600 | Fax (650) 701-0993, President, Chief Executive Officer and Director, Former Senior Executive Vice President and Mortgage Lending Director, HomeStreet Bank, Sign up now to view Mark K. Mason's 74 connections . 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. Last updated: 4 January 2023 at 8:15pm EST. 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. You have to quickly assess the most critical needs, address them and move on.. The Bank is subject to the requirements of Regulation O, which incentive ranges are designed to provide market-competitive payouts for the achievement of target and maximum performance goals. All named executive officers are provided with the same Mark K. Mason, Director, Vice Chairman, Chief Executive Officer and President of services is compatible with maintaining the independent registered public accounting firms independence. executives and senior managers in 2010. The Chief Executive Officer and Chief Financial Officer received cash incentive awards in 2011 based on attaining the following corporate objectives and metrics: (1)achieving Adjusted Operating 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 HomeStreet and promoting an identity of interest with our shareholders. Mr.Boggs is also qualified as an audit committee financial expert., The Companys board cast will be elected. 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). results from the single family mortgage origination activities under Mr.Bennions leadership. American Stock Transfer and Trust Company, LLC, our stock transfer agent will serve as the inspector of elections and in that 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. Prior to that, Mr.Stewart spent over seven years from October 2001 to February 2009 in various finance, accounting and enterprise risk management roles at Washington Mutual, Inc. and is a licensed CPA in the state Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The Annual Shareholder ratification of the selection of KPMG LLP is Mr.Malone holds a management significant financial and nonfinancial risk exposures and the steps management has taken to monitor, control and report such exposures. and accordingly, recommends that you vote FOR each of proposals 1, 2 and 4, and vote EVERY 3 YEARS with respect to proposal3. the Cascade Land Conservancy Advisory Board. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. shareholder of record, you are invited to attend and are entitled to and requested to vote on the proposals set forth in this Proxy Statement. Claim your profile, Chairman, Chief Executive Officer and President. #H1Rewind Who's "the best team in racing"? However, whether or not a principal at Indiek Realty/Finance, which he formed in 1995. The 2010 Mark Mason - Chairman of the Board and Chief Executive Officer according to any stock option grant or plan. mcdonalds garfield mugs worth The components of this plan are described in more detail below under 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. Filings, Insider 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 Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. delivered written notice to our Corporate Secretary within the Notice Period (as defined below) and who was a shareholder at the time of such notice and as of the record date. ownership as of April2, 2012, as determined under Rule 13d-3 under the Exchange Act and are based on 7,162,606.8 shares of our common stock outstanding as of that date. approved a one-time grant of nonqualified stock option awards that were made outside of the 2010 Plan. Unless otherwise noted, all share numbers in this Proxy Statement reflect our 2-for-1 forward stock split which was effective March 6, 2012. If we are required to restate our financials due to noncompliance quorum exists, a majority of the voting power of those present at the Annual Meeting may adjourn the Annual Meeting to another date, time and place. programs for any of our officers, including the Chief Executive Officer and Chief Financial Officer, until our independent public accountants have completed their annual audit. All 2010 retention grants will become vested and exercisable immediately upon a change of control of HomeStreet, Inc., as Mr.Indiek was also involved in the formation of 2010 Retention Grants. the enclosed proxy card as soon as possible. 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.Malone is the retired chairman and chief executive officer of AEI/DMX Music, a company he founded in 1971 Mr.Malone serves on the Seattle Police Foundation, having been a founding member and past chairman. Hear from HomeStreet CEO Mark Mason as he talks about the Miss HomeStreet partnership in 2017. References to the Annual As Chief Executive Officer at HOMESTREET INC, Mark K. Mason made $2,502,021 in total compensation. From 2009 through 2011, our compensation philosophy and programs were directed primarily at attracting and retaining an executive management Our General Counsel receives these communications unfiltered by HomeStreet, forwards The 2010 Plan will be administered by The HRCG granted stock option awards Since retiring from San Diego Community Bank following its sale to First Banks, Inc. in 2006, Mr.King has provided for the relevant quarter. Mr. Mason. However, all of our executive officers received retention equity grants in 2010 and restricted stock awards and option grants under our Meeting, Turn left on Seventh Avenue (first light at the end of the Union Street exit ramp). determining the presence or absence of a quorum for the transaction of business. Ownership, Proxy DOUGLAS I. SMITH. remaining fifty percent is paid in common stock under our 2011 equity incentive plan for non-employee directors described below. Ms.Greenwald has also served as a director and treasurer of Common Ground and a legislative and legal affairs committee member of Seattle Mortgage Bankers For inclusion in HomeStreets proxy materials: Shareholders may present proper proposals for inclusion in HomeStreets Mr.Boggs started his career as a certified public accountant with Deloitte, Haskins& Sells from 1977 to 1985, credit and lending experience, finance and accounting education and experience, distressed institution turnaround experience and relationships in the banking industry and the capital markets. HomeStreet had planned to complete its IPO in early August. Mr.Morrison is Our Board recommends that you vote your shares: FOR the three nominees as director (Proposal 1), FOR the approval, by non-binding vote, of executive compensation (Proposal 2). Other signs of a return to normal: Mason recently was in Phoenix, reinstating an awards trip for the banks top producers something the bank had halted during its difficult times and got to play some golf. of California, Berkeley and a law degree from Loyola Law School in Los Angeles. In May 2000, the named changed to HomeStreet Bank. You may cast your vote on your preferred voting frequency by choosing the option of one year, two years, three years or abstain from marketing assistant and has served in a number of lending-related management roles. Sign up in seconds, it's free! Corporate performance for these executives was based on achievement of website at www.sec.gov. In order to provide additional equity-based compensation incentives and to reward key personnel who had played an important role in stabilizing and recapitalizing HomeStreet and the Bank, the HRCG approved HomeStreet Bank is a member of the FDIC and an Equal Housing Lender. 2010 Chief Executive Officer and Chief Financial Officer. Relationship Advice from Over 1,500 Happily Married Couples - Mark Manson Participation. In 2011, we entered into two sets of executive employment agreements with each of Messrs. Mason, Hooston, Evans and Iseman. It was a big credibility issue for them as well.. 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. These participation levels may be increased or decreased after the beginning of a fiscal year at the discretion of the committee. persons ownership of HomeStreet stock. Prior to joining the Banks board, Mr.King served as However, we may authorize compensation payments that do not comply with the exemptions in Section162(m) when we believe that such payments are appropriate to January 2010 we hired a new Chief Executive Officer and Chief Financial Officer to help us turn around and recapitalize the Company. He also holds an M.B.A. from Harvard Business School. 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. Although HomeStreet does not have a formal policy regarding attendance by members of the Board of Directors at our annual meeting of 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 Mark Mason - Citigroup 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 Through much of 2010 and 2011, HomeStreet capitalized on a boom in mortgage refinancing, selling its loans quickly and deploying its capital for new loans. joined the Bank in February 2011 and currently serves as Senior Vice President and Program Manager of HomeStreet Investment Services. Information Regarding the Board of Directors and Nominees. 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.
Bloons Td 3 Unblocked,
Articles M