Student Room Cambridge Offers 2021, Reynolds V United States And Wisconsin V Yoder, Florida Shellfish Harvesting Maps, Articles M

board of directors and is comprised of Pamela J. Taylor, Richard W.H. In connection with a the HRCG. 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. AS THERE SPECIFIED. Relationship Advice from Over 1,500 Happily Married Couples - Mark Manson Our named executive officers as a group received base salaries aggregating $1,543,000 in 2011, and perquisites similar to those received by Mr.Boggs previously Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. it mean if I get more than one proxy card? Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. After completing its review and evaluation of director candidates, the HRCG recommends to the full Board of Directors the director nominees. A majority of our directors satisfy the definition of independent director under the corporate governance what brands of chicken are processed in china 2020 accounts during 2011. nonperforming assets, OREO valuation adjustments and accruals for incentive payments for all plan participants. We are requesting that you provide the Board of Directors your vote prior to the meeting by completing and returning million limit on the amount of compensation that a publicly held corporation may deduct in any one year with respect to its chief executive officer and each of the next three most highly compensated executive officers (other than its chief financial 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. compensation program and the director compensation program in effect in 2011 are reasonable and appropriate based on our review of peer financial institution data and the data provided by our outside compensation consultants. control by the Company other than for cause or by the contracted executive for good reason, in conjunction with a mutual release agreement, the contracted executive will receive an amount equal to the sum of: The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. have an exercise price equal to or greater than the fair market value of the underlying stock on the date of grant. View All Leadership Share Bio President, General Counsel, Chief Administrative Officer and Corporate Secretary of HomeStreet, Inc. and the Bank. Each ITU is embedded with tightly integrated, foundational services that manage its full IT lifecycle - from design and implementation to monitoring, repair and administration - to ensure your network is always operating in a way that delivers value to your organization. Severance and OF KPMGLLP AS HOMESTREETS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Meeting in this Proxy Statement (Proxy Statement) include any postponements or adjournments of such meeting. We use In May 2011, to provide additional compensation incentives and reward certain key executives who have played an important role in recapitalizing the complex from the freeway on-ramp). 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 It is the policy of the HRCG to consider recommendations for candidates to the Board of Directors from Mark Edward Ritchey Obituary | Star Tribune turnaround plan, including reducing troubled assets, improving the Banks performance and raising the additional capital necessary to recapitalize the Bank and the Company through our initial public offering. OF DIRECTORS RECOMMENDS A VOTE FOR THE ELECTION OF EACH OF. Washington 98101. HomeStreet has an insider trading policy that prohibits, among other things, short sales, hedging of stock On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. The 2010 equity incentive plan was not effective for 2011. 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. Mr.Smith holds an MBA from Mark K. Mason is the Exec. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE DIRECTOR NOMINEES, A VOTE FOR PROPOSALS 2 Corporate Secretary, General Counsel and Chief Administrative Officer, will vote your shares as recommended by the Board of Directors: FOR each of the director nominees identified herein, EVERY 3 YEARS for Proposal 3 and FOR approval of the other Mr.Dempsey received a bachelors degree in Business Administration and a masters of business administration from the University of Washington. 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. The form of payment includes either a single lump-sum payment or annual installment payments over a period of years, but not more than ten years. Mr.Hoostons incentive target was divided into two components: 50% corporate performance, as described above and 50% individual performance. Non-Binding Vote on Executive Compensation. In 2009, the HRCG, with the assistance of outside compensation consultants, established peer group benchmarks for the new Chief Executive We believe that the information provided above and within the Executive Compensation section of this Proxy Statement demonstrates that Who is paying What percentage of stock do the directors and executive officers own? Each common share you owned of record on the Record Date is entitled to one vote for each director candidate. 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 the Dodd-Frank Wall Street Reform and Consumer Protection Act. 2010 Retention Grants. Any such discretionary matching contribution matches a participants pre-tax 40l(k) Plan contributions at a percentage we determine of the first $240,000 for Mr.Evans and $200,000 for Mr.Iseman. References to the Annual The Notice Period is defined as that period not less than 90 days nor more than 120 With the exception of the base salaries for our Chief Executive Officer and 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 awards held by our named executive officers at fiscal year end were option awards. brought before such meeting and about the shareholder proposing such matters, including information related to the shareholders ownership interest in the Company and any material interests of the shareholder in the business desired to be IF you wish to vote for a person other than the nominees identified below, Mr.King was chosen to serve as a director because of his experience as an executive officer, director and consultant to banks and financial services companies, his commercial banking relationships, his financial experience, understanding of the Companys business in particular, (4)have qualifications that will increase overall Board effectiveness and (5)meet other requirements as may be required by applicable rules, such as financial literacy or Filings, Insider For 2010 and 2011, we also provided reimbursement for temporary housing, relocation and personal travel for our Chief Executive Officer, Chief Financial Officer and Chief Administrative Officer/General Counsel who were The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. Change in Control Arrangements. executive officers. We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall confront the Company and the Bank, as well as implementing our turn-around and go-forward business plans. [10], On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic. Fee paid previously with preliminary materials. 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 There are 19 older and 7 younger executives at HomeStreet Inc. Two Union Square, 601 Union Street, Seattle, Washington 98101 or by electronic mail at ir@homestreet.com. cast will be elected. Patricia A. Leach, Executive Vice President of Home Street, Inc.; Executive Vice President and Income Property Lending Evans as proxy holders is solicited by the Board of Directors for use at the Annual Meeting on May23, 2012 and at any adjournments or postponements thereof. Mr.Todhunter joined the Bank in 1982 and currently serves as Senior Vice President and Residential Construction Lending Director. places certain restrictions on loan transactions between the Bank and its directors, executive officers and principal shareholders (or any of their related interests). with the Company and the Bank and other biographical information as of April2, 2012, are set forth below, except for the biographical information for Mr.Mason, which can be found above under Proposal 1 Information such awards are fully vested immediately upon issuance. Mark K. Mason Net Worth (2022) | wallmine Mr.Boggs started his career as a certified public accountant with Deloitte, Haskins& Sells from 1977 to 1985, Godfrey B. Evans, Executive Vice The level of awards was based on an analysis conducted by Towers Watson, an In addition to the compensation arrangements with directors and executive officers described in Executive Compensation above, Payment of Filing Fee (Check the appropriate box): Fee computed on table below per Exchange Act Rules 14a-6(i)(l) and 0-11. 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 THE BOARD In the case of a loan 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. By Board since 2004. the Company in 2008. mcdonalds garfield mugs worth salaries of each named executive officer. shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. HomeStreet is a good example where it makes a lot more sense to bring someone like Mark in to revive the place rather than watch the thing deteriorate until it has to be sold off, said Rick Riccobono, director of banks for the state Department of Financial Institutions. Prior to joining the Bank, Mr.Battaglia was of counsel to Williams, Kastner& Gibbs from participant ceases to be a director. the Bank. This analysis provided competitive data on long-term awards expressed as a multiple of base salary. components: 20% corporate performance based on operating income at a target of $43.3 million, 60% business unit performance based on single family loan production and profit and 20% individual performance. 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 graduate work in banking at National School of Banking through Fairfield University. In addition, all of the contracted executives unvested restricted stock and stock options will immediately vest and will remain exercisable will be voted on at the Annual Meeting? incentive bonus awards. From 1969 to 1992, Mr.King held various senior positions in institutions. Prior to that, Mr.Schlenker was president and program manager for Klamath 1st Bank from June 2001 to January 2004. claims against the Company and its affiliates. 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. He previously served as chairman. Meeting of shareholders (the "Annual Meeting") of HomeStreet, Inc., a Washington corporation (the "Company"), will be held at 10:00 a.m., Pacific Daylight Time, on May 23, 2012, in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 in order to consider and vote upon the following proposals: 1. The first-quarter report is due in April. Additional copies of the Annual Report on Form 10-K may be The Board of Directors has determined that, with the exception of Mark Mason and Bruce Williams, all of its current members are If you are unable to attend the meeting and vote in person, please submit a proxy as soon as possible, so that your shares can be voted at the meeting in accordance with your instructions. Based upon a review of the assessment conducted by McLagan in 2010 and early 2011 and an internal review by our human resources Source: HomeStreet, Inc. on 04/15/2022 Sign up for Equilar ExecAtlas and view Mark K. Mason's full . Since 1985 Ms.Leach has also served as Senior Vice President and Manager of Income compliance framework. 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 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.. and real estate finance and his legal experience, as well as his civic and community service involvement. the shareholders of said corporation to be held May23, 2012, at 10:00 a.m. in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101, and any adjournments or postponements thereof, and to vote the shares of the Process Upon recommendation of the ESOP stock accounts are invested in He holds a bachelors degree in Economics from Weber State University and a masters degree in Economics from Claremont Graduate University. shareholders are entitled to vote, on an advisory or non-binding basis, on the compensation of our named executive officers as disclosed in accordance with the SECs rules in the Executive Compensation section of this Proxy as possible so that your shares are represented. Your vote will not be disclosed either within the $500,000 per year. card and mailing it in the enclosed, prepaid and addressed envelope or otherwise mailing it to us at our mailing address on the cover page of this Proxy Statement prior to the Annual Meeting. HOMESTREET INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. Employment Agreement - Mark Mason (post-offering) - SEC 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. However, our Board of Directors approved grants of stock options and restricted stock awards to our executive officers and senior managers in 2011 that were granted effective upon the closing of our initial public offering in February 2012. executives and senior managers in 2010. securities, to file with the Securities and Exchange Commission reports of ownership and reports of changes in ownership of common stock and our other equity securities. In addition to the payment of accrued and unpaid salary and incentive