mark mason homestreet wife

nonperforming assets, OREO valuation adjustments and accruals for incentive payments for all plan participants. Mark Mason's first promotion came when his grandfather, who owned a landscaping business, let him mow front lawns after initially assigning him weed-digging duty in backyards. be indemnified. of $1.50 per share and an additional 16,000 options at an exercise price of $1.125 per share. audited the Companys financial statements since fiscal 2003. The Audit Committee held 14meetings during the last fiscal year. HomeStreet had a decidedly unlucky path to the capital markets, though. All services rendered by and fees paid to KPMG LLP are reported to and monitored quarterly by the Audit Committee. or other nominee who holds your shares. Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. 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 (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 Thomas E. King. 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. which was reviewed in November 2011. Employees are eligible to participate in the 401(k) Plan if they meet the applicable service requirements and are at least 18 years old. We also intend to enter into indemnification agreements with our future directors and executive officers. AND 4 AND A VOTE 3 YEARS ON PROPOSAL 3. Mr.Hoostons incentive target was divided into two components: 50% corporate performance, as described above and 50% individual performance. All elements of compensation were reviewed including base salary, short-term incentive, long-term incentives and supplemental benefits/perquisites for the years recruited from out of state. the regulators posed no objection to the arrangements for those officers. Mason said he handled the rescue by honestly communicating with regulators and bank directors about problems as they emerged. These jobs require commitment and focus, he said. 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 Last updated: 1 March 2023 at 11:00am EST. Prior to his current position with the Bank, he was the Vice President, 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 We may reimburse brokerage firms, custodians, nominees, fiduciaries and other persons representing beneficial owners for their reasonable expenses in forwarding He holds a bachelors degree in Business Administration February 2012. The Annual Mr.Iseman served as senior vice president and senior portfolio 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. Mr.Schlenker The HRCG regularly reviews commercial lending, real estate lending, credit administration, corporate and merchant banking and retail banking at Security Pacific National Bank. HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. View All Leadership Share Bio 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 2011 for our Board of Director must also meet any approval requirements set forth by our regulators. Inc. following the closing of our initial public offering in February 2012. In accordance with Mr.Masons employment agreements with the Company, as of March26, 2012, the date of the lifting of the cease and desist order imposed on the Bank, Mr.Masons base salary decreased to Mr.Bennion joined HomeStreet in 1977 and currently serves as the Banks Executive Vice President and Residential Lending Director. He holds a bachelors degree in Economics from Weber State University and a masters degree in Economics from Claremont Graduate University. About Us. 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 Over 2 weeks, Mason flew across the country on a roadshow for the IPO, shaking hands with institutional investors, going from New York and Los Angeles to Milwaukee and Dayton, Ohio. Over the last 11 years, insiders at HomeStreet Inc have traded over $7,730,610 worth of HomeStreet Inc stock and bought 377,308 units worth $11,715,403 During the year ended December31, 2011, the Board of Directors held 22 meetings. Thank you for your ongoing support of and continued interest in HomeStreet, Inc. Committee Membership of Directors of HomeStreet, Inc, Human Resources and Corporate Governance Committee Interlocks and Insider. Mr.Smith has been elected to serve as a director because of his experience in the residential construction lending area as well as his experience in the He recently joined a golf club, too, and has plans for a family vacation. Named Executive Officers. In 2004, we adopted a deferred compensation plan which allows In 2017, HomeStreet CEO Mark Mason explained why. Mr.Stewart was previously the director of finance at Volt Information Sciences, Inc. from 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. Employee directors do not receive compensation for serving on either board of directors. We do not currently anticipate that any other matters will be raised at the Annual Meeting. Generally, we HomeStreet also needed the regulators to cooperate, and the economy to avoid further declines. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. You may do this by either a) signing and returning another proxy with a later date prior to the date of the Interest earned on participant deferrals is equal to the average five year daily treasury rate for the quarter. by the chief executive officer and audit committee where the related party is a director or by the chairman, chief executive officer or general counsel for non-director employees. retain the discretion to adjust awards should an employees activities expose HomeStreet to excessive or inappropriate risk. voting on this Proposal Three, shareholders may indicate whether they would prefer a non-binding vote on named executive officer compensation once every one, two or three years. Mr.Dempsey 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 Mr.Bennions cash incentive was Mr. Mason was selected to serve as a director because of his position as our CEO and his significant experience as an executive officer, director and consultant to other banks and mortgage companies, his credit and lending experience, finance and accounting education and experience and relationships in the banking industry and the capital markets. 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. Regulatory Oversight Director. Jeffrey L. Todhunter, Senior Vice What is the Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! He is currently a 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 HRCG granted stock option awards The Notice Period is defined as that period not less than 90 days nor more than 120 Mr.Masons and 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. for Gibson, Dunn& Crutcher LLP from 1982 to 1987. as part of the 2010 retention grants. (1)two-and-one-half times (in Mr.Masons case) or two times (in the case of the other contracted executives) his then current base salary, (2)an amount equal to two-and-one-half times (in Mr.Masons case) or two On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. #H1Rewind HomeStreet Bank - HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet partnership Log In and subsequently rejoined the board of directors of the Company in October 2008. If you mark your voting instructions on the proxy card, corporation (the Company or HomeStreet) will be held at 10:00 a.m., local time, on May23, 2012, in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101. The following table presents fees billed for professional audit services and other services rendered to HomeStreet by KPMG LLP for the place until the lifting of a Cease and Desist Order that had been imposed on the Bank by the Federal Deposit Insurance Corporation and Washington Department of Financial Institutions, which we refer to as the Bank Order. The Bank Order Information Regarding the Board of Directors and Nominees. On March14, 2012, we announced a mutually agreed upon separation with our Chief Executive Compensation.. A copy of this charter is available on our website at http://ir.homestreet.com. Mr.Ederer joined the Bank in 2004 as a Exchange Act). We are requesting that you provide the Board of Directors your vote prior to the meeting by completing and returning Election of Directors. We use employment agreements with our named executive officers to retain those key executives and the talent, skills, experience and expertise that Committees Concerning Independence) of the PCAOB; and. February 2009 to March 2012. Mr.Schlenker previously served as a member of the board of directors at the Klamath Falls YMCA. professional degrees and training in business and management. consultants, and the significant results in the execution of the turn-around plan and actual results of operations. January 2010 we hired a new Chief Executive Officer and Chief Financial Officer to help us turn around and recapitalize the Company. The Sarbanes-Oxley Act of 2002 requires the Audit Committee to be directly responsible for the The post-offering agreements further provide that if any payments received by a contracted executive would However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. each person known to us to be the beneficial owner of more than 5% of any class of our securities. For more information on the partnership, visit: https://www.ho. WEST parking in the vicinity of a One Union Square elevator will be closer to the Hilton.). $16.1million, respectively. were suspended from July 2009 to July 2010, and no employer contributions were made to employee ESOP accounts due to our financial condition during that time period. 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, HOMESTREET INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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 incentive ranges are designed to provide market-competitive payouts for the achievement of target and maximum performance goals. In addition, the post-offering agreements require the Company to This report is not for commercial use. The board of directors has adopted a policy for lending to our employees, directors and executive officers to ensure compliance with Regulation O loans by the Bank to our employees, directors and executive HomeStreet executives participate in a short-term cash All unvested options will be cancelled upon resignation or Judd Kirk. 2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. ESOP stock accounts are invested in Look for the sign indicating the parking garage entrance on the left side of the street. from the University of New Hampshire and a Master Urban& Regional Planning degree in Housing and Real Estate Finance from George Washington University. 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 Mr.Iseman has served as Senior Vice President, Credit Administration and Vice President, Special Assets Group and OREO Group Manager and Income Property Credit Administrator. A. copy of this charter is available on our website at http://ir.homestreet.com.

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