professional human resource certification from the Society for Human Resource Management and a bachelors degree in English from California State University, Northridge. Mr Mason is 61, he's been the Exec. Fifty percent of the annual retainer is paid in cash and the Generally, we have instituted compensation practices intended to meet our complementary goals of preserving the Banks safety and soundness, assuring the survival and success of In 2010 and early 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. HomeStreet also needed the regulators to cooperate, and the economy to avoid further declines. A Mr. Mason owns over 6,435 units of HomeStreet Inc stock worth over $4,479,503 and over the last 15 years he sold HMST stock worth over $610,266. 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. The Audit Committee held 14meetings during the last fiscal year. Mr.Indiek holds a bachelors degree in accounting from the University of Kansas, is a certified public accountant and a California real estate broker. duly elected and qualified. Our named executive officers as a group received base salaries aggregating $1,543,000 in 2011, and perquisites similar to those received by Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. Institute of Seattle. Prior to joining San Diego Community Bank, he served as executive vice president and chief operating officer of Fullerton Community Bank from 1997 to 1998, president and chief Process Ms. Williams served as a 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 Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mr.Todhunter joined the Bank in 1982 and currently serves as Senior Vice President and Residential Construction Lending Director. Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. Join Facebook to connect with Mark Mason and others you may know. 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. 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 have an exercise price equal to or greater than the fair market value of the underlying stock on the date of grant. Idaho or Hawaii. team that had significant turnaround experience and experience that would, in the judgment of the Board of Directors and the Human Resources and Corporate Governance Committee (the HRCG), which acts as the Board of Directors These participation levels may be increased or decreased after the beginning of a fiscal year at the discretion of the committee. Dempsey, Tom King, Mike Malone and Doug Smith. She holds a bachelors degree in Business Administration, Finance from the Our Board of Directors and our Human Resources and Corporate Governance Committee value the opinions of our shareholders and to the extent there is any Companys overall performance, and changes in shareholder value. The As more fully described in the Audit Committee Charter, the Audit Committee is responsible for overseeing HomeStreets accounting and financial The first-quarter report is due in April. The chairman of HomeStreet received a one-time grant of with any financial reporting requirements as a result of misconduct, our Chief Executive Officer and Chief Financial Officer must reimburse the Company for: (1)any bonus or other incentive or equity-based compensation received during the makes loans to directors, executive officers and other affiliates in compliance with RegulationO issued by the Federal Reserve. Mr.Mason brings extensive Liked by Courtney Mason Happy to announce that WaFd Bank wins again! results from the single family mortgage origination activities under Mr.Bennions leadership. of an independent registered public accounting firm is not ratified by the affirmative vote of a majority of the shares present and voting at the meeting in person or by proxy, the appointment of the independent registered public accounting firm Mr.Malone joined the Board of Directors of HomeStreet, Inc. upon the closing of our initial public offering in HomeStreets Ederer said that after regulators placed the bank under an enforcement order in 2008, there were many sleepless nights. Meeting, proxy statement and proxy card are available at www.homestreet.com/proxy Please sign, date and mail your proxy card in the envelope provided as soon as possible. The following table shows the compensation paid to our non-employee directors for 2011. HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. Although HomeStreet does not have a formal policy regarding attendance by members of the Board of Directors at our annual meeting of home building and land development industries. Facebook gives people the power to share and makes the world. The number of directors may be increased or decreased from time to time by our board of directors, provided that a reduction in the Beginning in 2009, we imposed a general freeze on salary increases and in 2009, 2010 and 2011 we also suspended contributions to the Employee Stock The 2010 Plan was adopted subject to the condition that no awards be made under the plan until after the closing of the initial public offering, therefore no awards were granted in 2010 or 2011 under the 2010 Plan. Amounts The largest trade he's ever made was exercising 242,168 units of HomeStreet Inc stock on 28 April 2016 worth over $2,663,848. Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. HomeStreet Inc. Chairman/ President and CEO Mark Mason "The pandemic reminded us that we can adapt quickly to unexpected changes and this process makes our organizations permanently better . Regarding the Board of Directors and Nominees. Except for Bruce Williams, director, and Kathryn Williams, Senior Vice President, Community Relations, who are siblings, there are no family relationships among any of our directors or Of this total $775,000 was received as a salary, $943,640 was received as a bonus, $0 was received in stock options, $765,386 was awarded as stock and $17,995 came from other types of compensation. Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. In addition to the payment of earned and awards held by our named executive officers at fiscal year end were option awards. Structure, Analyst 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 as your name or names appear on this Proxy. will be reconsidered by the Audit Committee. Jay C. Iseman, Executive Vice President and Chief Credit Officer of HomeStreet, Inc. and of such principles; administer our equity incentive plans, pursuant to the authority delegated to it by our Board of Directors; set the corporate goals and objectives, if any, relevant to our executive officers compensation and evaluate our executive officers Health and Welfare Benefits. Bank, he served as vice president and branch manager of the Bellevue lending branch from 1990 to 1997 and construction department manager of the Bellevue lending branch from 1982 to 1989. University of Washington School of Law. ABOVE BY SIGNING AND RETURNING THE ATTACHED PROXY TO THE COMPANY. The Seattle-based bank's mortgage banking segment lost $16.7 million last year as interest. Susan C. Greenwald, Senior Vice President, Single Family from the University of Washington and is a School of Social Work, a masters of business administration in Finance from University of Puget Sound, and is a graduate of the School of Mortgage Banking and an Accredited Mortgage Professional (AMP). disclosed in the Companys Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation independent compensation consultant. The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. HomeStreets executive base salaries are intended to be competitive with our peers. sub menu, Chairman, Chief Executive Officer and President. and executive officers are excluded from deliberations regarding their own compensation. OUR BOARD RECOMMENDS THAT SHAREHOLDERS VOTE TO APPROVE THE NOMINEES LISTED skills. He sold the credit-card operations that had pushed the bank to the brink. Mark K. Mason Net Worth (2022) | wallmine incentive ranges are designed to provide market-competitive payouts for the achievement of target and maximum performance goals. All 2010 retention grants will become vested and exercisable immediately upon a change of control of HomeStreet, Inc., as [3] In May 2000, the named changed to HomeStreet Bank. be indemnified. Property Finance, Vice President and Income Property Loan Officer, and income property loan closer. (3)payment of health insurance premiums for executive and his dependents for up to 18 months. By late 2002, Mason negotiated Fidelity Federals sale to a larger banking company. In performing their oversight responsibilities, the Board and Audit Committee periodically discuss with management the Companys policies with respect to risk assessment and risk management. For determining competitive pay for our Chief 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. 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. As a Severance and can we initialize static variable in constructor in java Management Director of the Bank. quorum exists, a majority of the voting power of those present at the Annual Meeting may adjourn the Annual Meeting to another date, time and place. Additionally, for our Chief Executive Officer and Chief Financial Officer, the corporate component of their incentive awards for 2011 was THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE DIRECTOR NOMINEES, A VOTE FOR PROPOSALS 2 The amounts and percentage of our common stock beneficially owned are reported on the basis of regulations of the SEC governing the into consideration in making compensation decisions for 2011 or any prior years. appropriate on matters that involve specific areas of risk that each Committee oversees. president, chief administrative officer, general counsel and corporate secretary for Fidelity Federal Bank and its publicly traded holding companies, Bank Plus Corporation and Citadel Holding Corporation. From 2009 through 2011, our compensation philosophy and programs were directed primarily at attracting and retaining an executive management