Ms.Greenwald began her career at the Bank as a secondary oversee and make decisions regarding executive management salaries, incentive compensation, long-term compensation plans and equity plans for our Actual compensation in a given year will vary from the target compensation levels based primarily on the attainment of operating goals, the 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. We encourage any shareholders who would like to provide For other companies with similar names, see, "Business | Continental Savings Bank changing name | Seattle Times Newspaper", "For nearly 100 years, this community bank has made homeownership personal", "HomeStreet Bank nets $89 million in IPO", "HomeStreet Bank's parent company plans IPO", "New Activist Is Dealt a Second Blow in HomeStreet Fight", "Evolving Shareholder Trends: Takeaways From The HomeStreet Bank Proxy Fight", "HomeStreet Bank to Acquire Business Lending Team and San Marcos Retail Branch of Silvergate Bank", "HomeStreet suspends $27M stock buyback plan during coronavirus crisis", "Partner With The Seahawks | Seattle Seahawks Seahawks.com", "Miss HomeStreet Unlimited Hydroplane | HomeStreet Bank", https://en.wikipedia.org/w/index.php?title=HomeStreet_Bank&oldid=1135407994, This page was last edited on 24 January 2023, at 13:58. The Board of Directors is responsible for overseeing the major risks facing the Company while management is responsible for assessing and mitigating the Companys risks on a day-to-day basis. NOTE: We will not be validating Hilton parking. board of directors for HomeStreet, Inc. since 1994. For and in consideration of the payments and other benefits due to [Mark K. Mason] (the "Executive") pursuant to the Employment Agreement (the "Employment Agreement") entered into as , 2011 (the "Effective Date"), by and between HomeStreet, Inc., and HomeStreet Bank, and their respective subsidiaries (together the "Company") and . [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. In 2010, the HRCG I have not played golf in three years now.. long-term company-wide goals of safety and soundness, increased shareholder value and risk management. Ms.Leach previously served as chairperson of Embers, chairperson of the Affordable Housing Committee, co-chairperson of the Multifamily Committee, a member of the board of directors of Common Ground, a member of the If you submit your proxy and later wish to change your vote you may do so, either by submitting a new proxy or by voting in person at the mcdonalds garfield mugs worth Such recommendations must also include a statement from the recommending shareholder in support of the candidate, particularly within the context of the criteria for Board membership, including issues of Unless otherwise indicated, we believe that each of the shareholders listed has sole voting and All shareholders of record of HomeStreet common stock at the close of business on April2, 2012 (the Record Date) are entitled to notice Be Together for the Right Reasons. compliance framework. 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. candidate, which review may, in the HRCGs discretion, include interviewing references for the candidate, direct interviews with the candidate, requesting additional information to be shared with our regulators or other actions that the HRCG HomeStreets 2011 Annual Report on Form 10-K, including financial statements, is being mailed to shareholders with this Proxy Statement. with the SEC are also available on HomeStreets website at http://ir.homestreet.com after the reports are filed with the SEC. We believe that our current overall non-employee director 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 Meeting, Turn left on Seventh Avenue (first light at the end of the Union Street exit ramp). For determining competitive pay for our Chief presented at this meeting, you are entitled to one vote for each common share you owned of record on the Record Date. is a member of the Seattle chapter of the Risk Management Association and a member of the Enterprise Risk Management working group of the American Bankers Association. 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 The committee also ordinarily reviews recommendations and 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 Election of Directors. Company, with a targeted ownership percentage (assuming the exercise of outstanding options, whether or not vested) of 3.7% for Mr.Mason and 6.5% for the executive officers as a whole. unvested at the time of his separation and therefore were forfeit on March 31, 2012. Proxy Statement Pursuant to Section14(a) of the, Filed by the Registrantx Filed by a Party other than the Corporate Governance at the address and phone numbers set forth above. rules as to both compensation and nominating committee requirements. If your shares are held in street name, you will need proof of ownership to be admitted to the Annual Meeting. 401(k) Savings HomeStreet scooped up business as the nations biggest lenders pulled back on new mortgages to limit their exposure, said Trepp analyst Matthew Anderson. What percentage of stock do the directors and executive officers own? In May 2000, the named changed to HomeStreet Bank. Charles Schwab Trust institutions, including American Diversified Savings, American Savings/Financial Corporation of America and FarWest Savings, and as an audit manager for Arthur Andersen& Co. We have therefore adopted compensation policies that we believe reward executives for achieving and maintaining short- and long-term performance that builds shareholder value. The established incentive targets as a percentage of base salary are: 50.0% for the Chief Executive Officer, 40.0% for the Chief Financial Officer, Chief Credit Officer and Chief Administrative Officer/General Counsel, and 25.0% to 50.0% for inaccurate financial information was used in setting that award or if the recipients activities posed risk to the Company. directors by mail may do so by writing HomeStreets Corporate Secretary at HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101. Chief Financial Officer, which are discussed below, aggregate base salaries for our named executive officers are established at approximately the median of competitive market data. of $1.50 per share and an additional 16,000 options at an exercise price of $1.125 per share. Mr.Evans and Mr.Isemans cash incentives were $167,496 or 174.5% of target and $143,580 or 179.5% of target, respectively. Charting, Governance Our directors, officers and employees may also solicit proxies in person or by other means of communication. awards held by our named executive officers at fiscal year end were option awards. Prior to our recently These agreements continue for a term of three years The HRCG held 14meetings during the last fiscal year. cast will be elected. $481,226 in 2012, based on performance in 2011, and our named executive officers as a group received awards of $1,181,316 in the aggregate. Prior to joining the Banks board, Mr.King served as with the Securities and Exchange Commission (the SEC) within four (4)business days of the Annual Meeting. Together For more information on the partnership, visit: https://www.ho. Companys overall performance, and changes in shareholder value. Adjusted Operating Income at a target of $43.3 million. Each of the directors attended or participated in Mr.Dempsey received a bachelors degree in Business Administration and a masters of business administration from the University of Washington. The components of this plan are described in more detail below under 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. Lending Operations Director of HomeStreet Bank. Mr.Malone holds a The pre-offering agreements also provided for annual incentive payment opportunities of no less than 50.0% of Mr.Masons salary. participants in this plan for the year ended December31, 2011. HOMESTREET INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Biographical information about each of the In Mr.Indiek was also involved in the formation of benchmark group as independently assessed by EW Partners. 4. 2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. Please note that requests for investor relations materials should be sent to ir@homestreet.com. additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. Since 1974 Mr.Ederer has served as the chairman of Ederer Investment Ratification of Appointment of Independent Registered Public Accounting Firm. management significant financial and nonfinancial risk exposures and the steps management has taken to monitor, control and report such exposures. 2010 Chief Executive Officer and Chief Financial Officer. Based upon a review of the assessment conducted by McLagan in 2010 and early 2011 and an internal review by our human resources We have entered into indemnification agreements with each of the current and former directors and executive officers of HomeStreet, Inc. Subject to certain limitations, these agreements require us to These jobs require commitment and focus, he said. Directors Scott He holds a bachelors degree in Business Administration But Mason plans to stay until he retires, he said. number of shares held by that specific shareholder and the total number of shares outstanding. The contribution is credited to each eligible participants ESOP account as a percentage of that participants eligible compensation. conversion of a security, (3)the power to revoke a trust, discretionary account or similar arrangement or (4)the automatic termination of a trust, discretionary account or similar arrangement. The Bank is subject to the requirements of Regulation O, which The Companys Human Resources and Corporate Governance committee, or HRCG, acts as both our nominating and corporate governance committee and our compensation committee. our peers as well as internal parity. A non-binding advisory vote for Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. Its like triage, Mason said. Lemon joined the Bank in 1985 and since 2001 If you hold your shares in street name and you do not give voting instructions to initial public offering. The ratification of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year ending December31, 2012. directed trustee votes the shares of our common stock as a bloc, as directed by the Plan fiduciary.
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