It was incredibly disappointing, given the amount of effort and cost to get to that point, Mason said. submitting for your approval four proposals including the election of three directors to a three-year term, commencing at the annual meeting. two years or three years that receives the highest number of votes cast for this resolution will be determined to be the preferred frequency with which the Company is to hold a shareholder vote to approve the compensation of the named executive Chief Executive Officer (other than for our Chief Executive Officer, whose performance is evaluated solely by the HRCG). differenza tra associazione culturale e associazione di promozione sociale. In addition, we believe a meaningful portion of each executives total compensation opportunity should be linked to our Executive Compensation.. What is the officers for an exemption from the deductibility limits of Section162(m). noted above. of industry leading executives like Mark K. Mason. 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 Board of Directors believes the proposals are in the best interests of HomeStreet and its shareholders During the year ended December31, 2011, the Board of Directors held 22 meetings. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. tables and the other related disclosure., THE BOARD OF We do not follow formal guidelines for establishing internal parity, but we do seek to correlate organizational responsibility with participation level. 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. The reasons for, and further information in relation to, each of these proposals are described in more School of Business, and a law degree cum laude from Harvard Law School. 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. 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. Amounts She holds a bachelors degree in Business Administration, Finance from the nominees is contained in the following section. Annual Meeting, Date, Time, Gerhardt Morrison. The HRCGs criteria and process for evaluating and identifying the candidates that it recommends to the full Board of Directors for selection as director nominees are as follows: In its evaluation of director candidates, including the members of the Board of Directors eligible for re-election, the HRCG seeks to achieve a balance The 2010 The undersigned shareholder of HomeStreet, Inc. hereby appoints David A. Ederer and Godfrey B. Evans, and each of them, with power of substitution to each, to attend the Annual Meeting of From 1982 to 1987 Mr. solicitation material to. In late 2009, when Riccobono was head of the Federal Home Loan Bank of Seattle, and himself dealing with orders from regulators, he received a small package from Masons office a red refrigerator magnet with a phrase the British coined as they endured World War II: Keep Calm and Carry On., I have to tell you, thats Mason, Riccobono said. These Ms.Williams is the sister of HomeStreets executive base salaries are intended to be competitive with our peers. Mr.Kirk served as president of Port Blakely Communities, Inc. from 1997 to 2007 and as its Chief Executive Officer from 2007 to 2008.
About Us | HomeStreet Bank All meeting fees are paid in cash. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Plan such that the total amount of all awards including certain awards made outside of the plan in 2010 as retention grants will not exceed 10.0% of our outstanding shares of common stock as measured immediately after the closing of our initial nominations for the election of directors may be made (1)by or at the direction of the Board of Directors, or (2)by a shareholder who has delivered written notice to HomeStreets Corporate Secretary within the Notice Period (as [6], In 2018 the bank won a court case following its attempt to stop a hedge fund placing its own candidates on the board. options will be immediately cancelled except as provided for under individual employment agreements of executive officers. 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. Mr.Schlenker was previously president of Sterling Savings Banks investment subsidiary from January 2004 initial public offering in February 2012. It turned out there were four times as many orders for shares than shares available. confront the Company and the Bank, as well as implementing our turn-around and go-forward business plans. He previously served as chairman. Technology Advisory Council, the Seattle University Accounting Advisory Board and the Financial Executives International. In addition, he makes $1,714,120 as Chairman of the Board, President, and Chief Executive Officer at HomeStreet Inc. Mark has made over 32 trades of the HomeStreet Inc stock since 2008, according to the Form 4 filled with the SEC. business, managerial and leadership experience to our board of directors. once every six years, how frequently we should seek a non-binding vote on the compensation of our named executive officers, as disclosed pursuant to the SECs compensation disclosure rules, such as Proposal Two of this Proxy Statement. To change the address on your account, please check the box at right and indicate your new address in the address space above. deems necessary or proper. management. of $1.50 per share and an additional 16,000 options at an exercise price of $1.125 per share. as possible so that your shares are represented. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The following table sets forth the amount of each of these grants made to the named executive officers: Executive Vice President,Chief Financial Officer, Executive Vice President,Chief Administrative Officer,General Counsel& Corporate 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. 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. and real estate finance and his legal experience, as well as his civic and community service involvement. Directions and Parking Instructions to HomeStreet, Inc.
HomeStreet Executive Team | Comparably Computer Science from Park College, Kansas City. Mr.Mason in the aggregate amount of $288,885. Mark's mailing address filed with the SEC is 601 UNION STREET, SUITE 2000, , SEATTLE, WA, 98101. FBR Capital Markets, HomeStreets underwriter, presold two-thirds of the shares and offered to buy $5 million worth of the banks stock more than it was being paid for the IPO. ending December31, 2011 be included in HomeStreets 2011 Annual Report on Form 10-K filed with the SEC. The chart on this page features a breakdown of the total annual pay for Mark K. Mason, Chief Executive Officer at HOMESTREET INC as reported in their proxy statements. Our Executive Vice President, Residential Lending also received a grant of 8,000 options at a price per share of $1.50. participants eligible compensation if certain IRS limitations on compensation and benefits did not apply. Our articles of incorporation provide that directors are elected for 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 determining the presence or absence of a quorum for the transaction of business. Whether or not you plan to attend the annual meeting on May23, 2012, we hope you will vote as soon 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. your broker, your broker will leave your shares unvoted on this matter. directors and consultants and to provide a means whereby officers, employees, directors and consultants can acquire common stock or earn incentive compensation based on the value of our common stock, thereby strengthening their commitment to and Employee Stock Ownership Plan& Trust.
Mark Mason (executive) - Wikipedia Idaho or Hawaii. 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. our business strategy.
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Courtney Mason - Principal & Founder - CMC Advisors | LinkedIn 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. If you would like to receive electronic notification of documents filed with the Securities and Exchange Commission and the issuance of press releases, you may subscribe to e-mail alerts via the web site Jeffrey L. Todhunter, Senior Vice A majority of the Prior to his current position and since joining the Company in 2009, Mason said he handled the rescue by honestly communicating with regulators and bank directors about problems as they emerged. (One To assist the Audit Committee in its oversight responsibilities, the pre-approval policy identifies the three basic principles of Executive officers in attendance may provide their insights and suggestions, but only independent committee members may vote on decisions regarding executive compensation, With regard to candidates who are properly recommended by shareholders or by other means, the HRCG will review the qualifications of any such The amounts and percentage of our common stock beneficially owned are reported on the basis of regulations of the SEC governing the for Gibson, Dunn& Crutcher LLP from 1982 to 1987. Employee directors are not compensated supplanted by the second set of agreements which we refer to as the post-offering agreements., The Company and the contracted executives entered into the pre-offering agreements effective as of May3, 2011, which remained in 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. You have the power to revoke your proxy at any time before the polls close at the meeting. We eliminated incentive payments on terms and conditions of the loans from our single family loan officer incentive plans. He additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. Two wasnt enough. board of directors and is comprised of Pamela J. Taylor, Richard W.H. Sixth Avenue, Seattle, Washington 98101 in order to consider and vote upon the following proposals: Only shareholders of record at the close of business on April2, 2012, are entitled to notice of the meeting and an opportunity to This will not prevent you from voting in person, but will ensure that your vote is Mark K. Mason, Director, Chairman, Chief Executive Officer and President of HomeStreet, Inc. Mr. Mason has been the Company's Chief Executive Officer and HomeStreet Bank's Chairman and Chief Executive Officer since January 2010 and the Chairman of the Company since March 2015. How long will each of the directors elected at the Annual Meeting continue to serve? This Proxy Statement, HomeStreets 2011 Annual Report on Form 10-K and the Companys other reports filed She is an associate member for the Corporate Council of the Arts. Election of Directors. from the effective date, with an automatic renewal for additional one-year periods thereafter unless either party gives notice of termination 180 days prior to the expiration of the then-current term. Lemon joined the Bank in 1985 and since 2001 Under our present bylaws, directors must comply with all applicable laws and regulations, including any required approvals from our regulators. HomeStreet executives participate in a short-term cash And the bank is launching a unit catering to affluent customers with up to $1 million in net worth. Mark Mason was named Chief Financial Officer of Citigroup, a multinational investment bank and financial services corporation in February 2019. the Bank. in each of the last two fiscal years were pre-approved by the Audit Committee. 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 Seventy-five percent of these awards were granted as stock options, with an exercise price of $22 per share (after giving effect to a 2-for-1 CONNECT with Mark K. Mason through your network of contacts. executive officer and director of the Bank of Southern California from 1994 to 1996, and president, chief executive officer and director of CapitolBank Sacramento from 1992 to 1994.
Mark K. Mason - Biography - MarketScreener 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
More Than 100 Years of Helping People and Their Businesses | HomeStreet Patti Payne: Top leaders share lessons learned from a most challenging Mark Mason - Chairman of the Board and Chief Executive Officer Mark Mason - Citigroup These grants were allocated 25% to 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. If you wish to give specific instructions with respect to the voting of directors, you may do so by indicating your instructions on your proxy card. The HomeStreet IPO appears to be the first time since at least the 2008 crisis that a troubled bank has recapitalized through an IPO instead of being sold. Mr.Bennion also received a discretionary award of $124,987 for a total award of $300,000. The Management/Support Plan design incorporates a tiered approach with annual incentive awards linked to the achievement of pre-defined corporate, department and individual performance goals. shareholder is also deemed to be, as of any date, the beneficial owner of all securities that such shareholder has the right to acquire within 60 days after that date through (1)the exercise of any option, warrant or right, (2)the oversee and make decisions regarding executive management salaries, incentive compensation, long-term compensation plans and equity plans for our well as his experience as a designated financial expert on audit committees. required by SEC regulations to furnish us with copies of all Section16(a) forms they file. Agreement) in connection with that departure. brought before the meeting. HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. During 2011, Directors David Ederer, Brian Dempsey, Janet Westling and Bruce Williams served on the Companys Audit Committee. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. The chairman of HomeStreet received a one-time grant of Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. with the shareholders interests. Please contact our investor relations department by calling 206-264-4200, by writing to HomeStreet, Inc., attn. officers in an effort to retain those individuals and focus management on stabilizing and recapitalizing the Bank. Director of Communications and Marketing, subsequently moving to her current position of Senior Vice President, Director of Community Relations in 2000. 2011, McLagan assessed our incentive compensation programs and made recommendations with respect to the Sound Incentive Compensation Policy Final Guidelines as adopted by our regulators effective June 2010 and the guidelines to be implemented under Plan& Trust. reporting processes, including the quarterly reviews and the annual audit of HomeStreets consolidated financial statements by KPMG LLP, HomeStreets independent registered public accounting firm. on executive compensation that occurs triennially is the most appropriate alternative for the Company, and therefore our Board of Directors recommends that you vote for a three-year interval for the non-binding vote on executive compensation. 90 days nor more than 120 days prior to the actual date of the 2013 meeting; provided, that if the notice of such meeting is less than 100 days before the date of such meeting, notice of such proposal must be made not less than 10 days after the In 2010, the HRCG A copy of our code of ethics (Code of Ethics) is available on our website at http://ir.homestreet.com. underlying each such option grant. George As discussed above, in On March14, 2012, we announced a mutually agreed upon separation with our Chief plan, equity opportunity awards, a 401(k) plan, health and welfare benefits plan and perquisites. The HRCG granted stock option awards 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). HomeStreets management and the HRCG have assessed the risks associated with our compensation policies and practices