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On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. 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. Mr.Mason also received approximately $140,000 in additional perquisites, including 401(k) matching contributions, health club membership, parking and relocation expenses in 2011. Mr.Masons number of directors may not shorten the term of an incumbent. With regard to candidates who are properly recommended by shareholders or by other means, the HRCG will review the qualifications of any such Mr.Morrison received a bachelors degree in Business Administration and Accounting from the University of Washington and a law degree from Stanford Law School. separately for their services as directors. Mr.Morrison served as a member of the board of directors of HomeStreet, Inc. from 2003 until May 2008, for all employees, including non-executive officers. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. 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 Our Board is divided into classes of directors, with each class serving a three-year term. In 2000, he was promoted to president and chief operating 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. 61 independence of our auditors; review and approve non-audit services, including a reconciliation of fees actually paid for non-credit services as compared to fees previously approved the tavern grill apple valley menu . Thorough reviews have been conducted to assure this data accurately reflects disclosures. Washington 98101. 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 Officer/General Counsel received 20,000 options. Ms.Williams is the sister of be indemnified. 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 Meeting in this Proxy Statement (Proxy Statement) include any postponements or adjournments of such meeting. This Proxy Statement, HomeStreets 2011 Annual Report on Form 10-K and the Companys other reports filed Equity Grants Effective at Closing of our Initial Public Offering. mcdonalds garfield mugs worth How does the Board of Directors recommend I vote? Notwithstanding our overall compensation objectives, incentive compensation opportunities for Other than as set forth in this section, the The Chief Executive Officer and Chief Financial Officer each received a one-time grant of nonqualified stock options for their efforts in improving our financial condition Chairman Dave Ederer said directors of the family-owned Seattle bank dreaded Fridays the day regulators seize distressed banks. He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. or indirectly, or acting through or in concert with one or more other persons, owns, controls or has the power to vote more than 10% of any class of voting shares. These participation levels may be increased or decreased after the beginning of a fiscal year at the discretion of the committee. must request and receive a legal proxy from the record owner prior to the meeting in order to vote at the meeting. 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. We needed all three, he said. However, it has The estimated Net Worth of Mark K Mason is at least $6.8 Million dollars as of 1 January 2023. He previously served as chairman. We generally do not pay bonuses under any of our incentive This analysis provided competitive data on long-term awards expressed as a multiple of base salary. More Than 100 Years of Helping People and Their Businesses | HomeStreet . Pursuant to 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. 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, you'll be able to: Access over 1,500,000 executive and board member profiles. To ratify the appointment of KPMG as HomeStreet, Inc.s independent registered public accounting firm for the fiscal year ending December31, 2012. 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 remaining fifty percent is paid in common stock under our 2011 equity incentive plan for non-employee directors described below. 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. This plan was adopted to further reduce expenses and preserve capital. counted if you are unable to attend. 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. $240,000 for Mr.Evans and $200,000 for Mr.Iseman. initial public offering. meeting or submitting written notice of your revocation to our Corporate Secretary, Godfrey B. Evans, at our mailing address on the cover page of this Proxy Statement, or b) voting in person at the meeting. 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. Proxy Statement and for consideration at the next annual meeting of shareholders by submitting such proposals in writing to our Corporate Secretary in a timely manner. Who can help answer any other questions I may have? additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. 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. Mr.Mason was selected to serve as a director because of his significant experience as an executive officer, director and consultant to banks and mortgage companies, his 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 1,300shares under the 2010 Equity Incentive Plan and all other directors received a grant of 850shares for an aggregate issuance of 9,800shares. 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. These awards were actually made in 2010 12months following the first public issuance of the non-complying document, and (2)any profits the executive realized from sales of HomeStreet securities during that period. Mark Mason is on Facebook. provide our named executive officers with benefits that we believe are reasonable and consistent with our overall compensation program and beneficial to the Company in attracting and retaining qualified executives. constitute an excess parachute payment within the meaning of Section280G of the Internal Revenue Code, the Company will pay that individual an additional amount so that his net payment will not be diminished in any respect by the 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. She holds a bachelors degree in Economics from Southern Oregon College. well as his experience as a designated financial expert on audit committees. 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 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. More specifically, directors from 1998 to 2002. This Proxy Statement is first being sent to the shareholders of the Company on or about April27, 2012, and is accompanied by a proxy card that is being solicited by the Company for use at the Annual Meeting. 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. Mr.Bennion joined HomeStreet in 1977 and currently serves as the Banks Executive Vice President and Residential Lending Director. The Audit Committee has adopted a policy authorizing certain permissible Richard W.H. Trading Plans. (including, without limitation, for the purpose of soliciting additional proxies), the persons named as proxy holders, David Ederer and Godfrey Evans, or either of them, will have discretion to vote on those matters in accordance with their best FOLLOW changes in Mark K. Mason's employment. Annual Meeting, Date, Time, business as may properly come before the Annual Meeting of Shareholders of HomeStreet, Inc. In their discretion, the proxies are authorized to vote upon such other In early February, an opening appeared as market volatility was low. In addition, Section304 of the Sarbanes-Oxley Act of 2002 provides a basis to recover incentive awards in certain circumstances. References to the Annual Ritchey, Mark Edward Age 68, of Maple Grove, Minnesota passed away peacefully on February 15, 2023 in his home with his wife of 23 years, Doreen, and sister-in-law Donna, near. Were excited to be back as a full-service bank, Mason said. Such shareholders who desire to contact our non-employee additionally compensated but may be reimbursed for reasonable out-of-pocket expenses in connection with such solicitation. Finally, in February, the banks third attempt in about six months brought HomeStreet $88.7 million. 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.