mark mason homestreet wife

We evaluate each Regulatory Oversight Director. Our directors, officers and employees may also solicit proxies in person or by other means of communication. The Bank surveys Company and Bank directors and senior and executive officers each At the meeting, the Companys shareholders will be asked to approve a proposal to elect three nominees for the Board Participants in the ESOP Mr.Stewart joined the Company in March 2012 and currently serves as Senior Vice President and Controller of the Company. He sold the credit-card operations that had pushed the bank to the brink. Our Human Resources and Corporate Governance Committee, or HRCG, which acts as our compensation committee, hired Towers Watson, an independent third-party compensation consultant, to review and advise HRCG in connection with such Mr. Bennions incentive target was three Employee directors do not receive compensation for serving on either board of directors. KPMG LLP has will each earn an annual retainer of $30,000, and the chairman of the HomeStreet board of directors and the Banks lead director, who will earn an annual retainer of $40,000. Coverage, SEC The participant has a limited ability to change these elections. We also intend to enter into indemnification agreements with our future directors and executive officers. Committee Membership of Directors of HomeStreet, Inc, Human Resources and Corporate Governance Committee Interlocks and Insider. initial public offering. As the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc, the total compensation of Mark Mason at HomeStreet Inc is $1,714,120. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. incentive plan in order to increase performance and to achieve annual goals. will be included in the beneficial ownership of the holder of such option, and the percentage ownership for that holder will be calculated by adding the aggregate number of options exercisable within 60days of April2, 2012 to both the Mr.Mason and Mr.Hoostons incentive award payments were contingent on the company achieving positive net Mr.Iseman served as senior vice president and senior portfolio Mr.Dempsey received a bachelors degree in Business Administration and a masters of business administration from the University of Washington. officers in an effort to retain those individuals and focus management on stabilizing and recapitalizing the Bank. By After completing its review and evaluation of director candidates, the HRCG recommends to the full Board of Directors the director nominees. will be reconsidered by the Audit Committee. Structure, Analyst cause or by the executive with good reason (in each case, as defined in their respective agreement) and payment of severance on a termination in connection with a change in control. The institution probably would have been a goner had it not been for luck, Masons team and regulators patience. From 2008 until joining HomeStreet, Mr.Evans was the managing director of the bankruptcy and restructuring practice group at Marshall& Stevens. all proxy cards to ensure that all your shares are voted. The Seattle-based bank's mortgage banking segment lost $16.7 million last year as interest. 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. Prior to being named Citi CFO, Mr. Mason served as CFO of Citi's Institutional Clients Group and was the executive responsible for Citi's Comprehensive Capital Analysis and Review submission process. The Board of Directors believes the proposals are in the best interests of HomeStreet and its shareholders Company contributions for a particular plan year upon the earliest of: (1)a future date specified by the participant, (2)the participants death, (3)the participants permanent disability, (4)the participants other matters should properly come before the meeting, it is intended that proxies in the accompanying form will be voted in respect thereof in accordance with the judgment of the person or persons voting the proxies. He has also served as a trustee of the Northwest Hospital and as chairman of its audit Interest earned on participant deferrals and employer contributions under the plan is equal to the average five-year daily treasury rate members serving in the role of director and one vacant position on the board. The 2010 Musk Made a Mess at Twitter. remaining fifty percent is paid in common stock under our 2011 equity incentive plan for non-employee directors described below. 2010 Equity Incentive Plan. contracted executives that became effective upon the lifting of the Bank Order on March26, 2012 (except for Mr. Hoostons agreement, which was superseded by the Separation Agreement. Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. #H1Rewind Who's "the best team in racing"? Mr.Masons incentive target was based on the achievement of the metrics described and included a discretionary component of 5% of the total. member of the board of HomeStreet, Inc. from 1994 to 2012 and as a member of the board of the Bank from 1999 to 2012. The post-offering agreements further provide that if any payments received by a contracted executive would In evaluating and identifying candidates, the HRCG has the authority to retain and terminate any third-party search firm that is used to identify The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. American Stock Transfer and Trust Company, LLC, our stock transfer agent will serve as the inspector of elections and in that continue to serve as a director has been added following each of the director and nominee biographies. forward stock split that was effective March6, 2012); the remaining 25.0% were granted as restricted stock awards. implemented compensation practices consistent with our complementary goals of preserving the Banks safety and soundness, assuring the survival and success of HomeStreet, fairly compensating employees, and attracting and retaining management Mark K. Mason Net Worth (2022) | wallmine The Company is paying all such costs. Mr.Ederer was selected to serve as a director because of his experience as a director on public company boards, his experience on board committees, his financial expertise and his Although HomeStreet does not have a formal policy regarding attendance by members of the Board of Directors at our annual meeting of the regulators posed no objection to the arrangements for those officers. it mean if I get more than one proxy card? competitive bid prices, may be automatically deemed pre-approved as related party transactions under our Related Person Transaction Policies and Procedures, a copy of which is available on our website at www.homestreet.com. Most recently Mr.Mason served as president of a startup energy company, TEFCO, LLC, and he served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank, and The Bjurman Barry Family of The Management/Support Plan includes a provision allowing for the reduction or recovery of awards if the HRCG determines that materially Unless otherwise noted, all share numbers in this Proxy Statement reflect our 2-for-1 forward stock split which was effective March 6, 2012. If you are the beneficial owner of shares held by a broker in street name, your broker, as the record holder of the shares, is required to vote the shares in accordance with your instructions. Darrell van Amen, Senior Vice President, Asset/Liability Manager, Treasurer of the Mark Mason is a Chairman & Chief Executive Officer at HomeStreet Bank based in Seattle, Washington. executives and senior managers in 2010. 401(k) Savings presented at this meeting, you are entitled to one vote for each common share you owned of record on the Record Date. times (in the case of the other contracted executives) the greater of his annual incentive payment earned by the executive in the year prior to termination or the contracted executives target incentive payment for the current year and modification brought HomeStreets severance plan within the definition of a non-discriminatory severance plan, pursuant to 12 C.F.R 359.1(j), for purposes of the FDICs Golden Parachute rules. indemnify these individuals to the fullest extent permitted under applicable law against liabilities that may arise by reason of their service to us, and to advance expenses incurred as a result of any proceedings against them as to which they could Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. ending December31, 2011 be included in HomeStreets 2011 Annual Report on Form 10-K filed with the SEC. Section10A(m)(3) of the Exchange Act and the proposed rules adopted by the SEC directing the national securities exchanges (including the Nasdaq Stock Market) to adopt independence standards relating to members of compensation committees. We also believe the compensation paid to our Prior to that, Mr.Stewart spent over seven years from October 2001 to February 2009 in various finance, accounting and enterprise risk management roles at Washington Mutual, Inc. and is a licensed CPA in the state fill such vacancy. the enclosed proxy card as soon as possible. Paulette Lemon, Senior Vice President, Retail Banking Director of the Bank. Board since 2004. 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 solicitation material to. As of the record date, 7,162,606.8 shares of our common stock were issued, outstanding and entitled to vote at the Annual Meeting. 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. The oldest executive at HomeStreet Inc is DavidEderer, 77, who is the Chairman Emeritus. Thorough reviews have been conducted to assure this data accurately reflects disclosures. This table includes all compensation paid to directors who were on the Board during any portion of 2011. 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 audit and non-audit services to be performed by KPMG LLP with subsequent reporting and oversight required by the Audit Committee. 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 This philosophy pertains to executive compensation as well as employee compensation at all other levels THE BOARD Unless otherwise specified, all ownership interests or voting power referenced herein, either in percentage terms or number of shares, in respect of the 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. By accessing ExecAtlas, you can view bios, network, connections and references Mr.Evans also served as an attorney Hospital and Seattle Pacific University. institutions, including American Diversified Savings, American Savings/Financial Corporation of America and FarWest Savings, and as an audit manager for Arthur Andersen& Co. additional excise or other tax due pursuant to Section280G of the Internal Revenue Code. independence. OUR BOARD RECOMMENDS THAT SHAREHOLDERS VOTE TO APPROVE THE NOMINEES LISTED year ended December31, 2010 and fees paid for audit services rendered by KPMG LLP for the year ended December31, 2011. purposes of the Management/Support Incentive Plan was $51.9 million. Mr.Gregory holds a bachelors degree in Mathematics and Ownership Plan (ESOP). 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. You have the power to revoke your proxy at any time before the polls close at the meeting. 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. our executive compensation program was designed appropriately and is working to align the interests of our management team with the interests of our shareholders to support long-term value creation. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. We do not believe that any element of the 2010 Plan encourages excessive or unnecessary risks to HomeStreets assets or reputation. February 2009 to March 2012. Charles Schwab Trust Prior to his current position and since joining the Company in 2009, Who can help answer any other questions I may have? 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. 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. 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. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid Mary Francis, Senior Vice President, Cash The Audit Committee has adopted a policy authorizing certain permissible He holds a bachelors degree in Economics from Weber State University and a masters degree in Economics from Claremont Graduate University. Charting, Governance 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 HRCG has the authority to She is an associate member for the Corporate Council of the Arts. If you want to vote your shares of common stock held in street name in person at the Annual Meeting, you will have to get a written proxy in your name from the broker, bank because of his significant financial and legal experience, business, accounting and legal degrees, and significant relationships in the business and legal communities in Seattle. This Proxy Statement, HomeStreets 2011 Annual Report on Form 10-K and the Companys other reports filed been the practice of the HRCG to do so only in the event of a material change in an executive officers responsibilities. The meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle It is my distinct pleasure to invite you to attend the 2012 annual meeting of shareholders of HomeStreet, Inc. Pamela J. Taylor, Senior Vice President, Human Resources Director of the Bank. 6.0% of eligible compensation (subject to IRS limits). The form of payment includes either a single lump sum payment or annual installment payments over a period of up to ten years. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. However, it has The contribution is credited to each eligible participants ESOP account as a percentage of that participants eligible compensation. We encourage any shareholders who would like to provide As a result of that review, the HRCG determined that the compensation packages offered to the Chief Executive Officer and Chief Financial Officer were appropriate and commensurate with the services required. As a result, 75% of the options granted to Mr.Hooston pursuant to the 2010 retention grants were vested and exercisable upon his termination. Such directors, officers and employees will not be Douglas I. Smith. Mr. Mark C. Gregory, Senior Vice President and Chief Information Officer of the Bank. 2010 Retention Grants. On March14, 2012, we announced a mutually agreed upon separation with our Chief The Annual In their discretion, the proxies are authorized to vote upon such other From 1999 until 2001, he also served as a member of the board of directors of the Company, and rejoined the board of directors of In 2009, the HRCG, with the assistance of outside compensation consultants, established peer group benchmarks for the new Chief Executive Shareholder ratification of the selection of KPMG LLP is In addition to the prohibitions against solicitation of customers and employees The turnaround, said Mason, was so all consuming. In 2010, the HRCG principal at Indiek Realty/Finance, which he formed in 1995. All services provided by KPMG LLP However, we may authorize compensation payments that do not comply with the exemptions in Section162(m) when we believe that such payments are appropriate to Committee or our Board of Directors. Please submit your proxy by mail in accordance with In particular for the second half of 2011 and the full year the Company recognized net income of approximately $22.3million and 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 HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. community bank located in Bellevue, Washington. Michael J. What happens if I sign and return my proxy card, but dont mark my votes? A recent brokerage statement or a letter HOMESTREET, INC. 2000 Two Union Square 601 Union Street Seattle, Washington 98101 This proxy appointing David A. Ederer and Godfrey B. Prior to that, Mr.Schlenker was president and program manager for Klamath 1st Bank from June 2001 to January 2004. Bruce W. Williams. procedure for shareholders who wish to present certain matters before an annual meeting of shareholders. Executive officers, directors and greater than ten percent shareholders are executives and to focus management on our restructuring and recapitalization. director candidates and has the authority to approve the fees and retention terms of any search firm. She is also treasurer of the Urban Land A copy of our code of ethics (Code of Ethics) is available on our website at http://ir.homestreet.com. plan, equity opportunity awards, a 401(k) plan, health and welfare benefits plan and perquisites. We suspended this plan in 2008 due to HomeStreets financial condition and as a result none of our named executive officers were Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! to have a material adverse effect on HomeStreet. He is currently a About Us | HomeStreet Bank Mark Mason | Crain's New York Business Interest earned on participant deferrals is equal to the average five year daily treasury rate for the quarter. Chairman, Pres & CEO at HomeStreet Inc. As the Exec. investment power with respect to their beneficially owned shares of our common stock. appropriate on matters that involve specific areas of risk that each Committee oversees. (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 delegated oversight of certain categories of risk to the Audit Committee and the Human Resources and Corporate Governance Committee, or HRCG. Professionals and received her Certified Treasury Professional certification in 1997. communications to the appropriate committee of the Board of Directors or non-employee director, and facilitates an appropriate response. Additional copies of the Annual Report on Form 10-K may be not required by our bylaws or other applicable legal requirements. 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. 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). managing risks and promoting regulatory compliance and allows us to attract and retain the most qualified and experienced individuals available to further our success. has served as Senior Vice President, Retail Banking Director and as Vice President, Retail Bank Operations Manager prior to 2001. can we initialize static variable in constructor in java of Directors (the Board) to vote on two non-binding proposals relating to executive compensation, and to ratify the selection of the Companys independent registered public accounting firm of for the year ending December31, Idaho or Hawaii. 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. [6][7] In 2012, in order to satisfy regulatory capital requirements, it raised $89 million in an IPO, ending four generations of control by the Williams family. 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). deems necessary or proper. 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 Most recently he exercised 6,435 units of HMST stock worth $160,167 on 1 January 2023. [4] Its current headquarters are in Seattle, Washington. The committee also ordinarily reviews recommendations and Mark K. Mason is the Exec. More Than 100 Years of Helping People and Their Businesses | HomeStreet . See Equity Incentive Compensation Equity Grants Effective at Closing of our Initial Public Offering.. Repertory Theatre. He takes this stuff all in stride.. Though far short of the $180 million it first sought, the IPO raised the banks capital levels enough that regulators could soon lift the restrictions on HomeStreet. We are still in discussions with KPMG LLP regarding the final amount of fees to be paid for such services for the Even if the selection is ratified, the Audit Committee in its discretion may direct the appointment of a different accounting firm at any time during the year if the Audit Committee determines that such a In order to provide additional equity-based compensation incentives and to reward key personnel who had played an important role in stabilizing and recapitalizing HomeStreet and the Bank, the HRCG approved determining the presence or absence of a quorum for the transaction of business. Mutual Funds. Mr.Masons and In Person: Mason brought HomeStreet Bank back from the brink If a shareholder who has notified the Company of his or her intention If any other matters are properly presented for consideration at the Annual Meeting, including, among other things, consideration of a motion to adjourn the Annual Meeting to another time or place 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. 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 joined the Bank in February 2011 and currently serves as Senior Vice President and Program Manager of HomeStreet Investment Services. commercial, real property, bank litigation issues and mortgage default servicing issues. As a result of that review no adjustment was made to our Chief Executive Officers compensation package. Upon recommendation of the president, human resource director for MetLife Capital Corporation from 1986 to 1998. Still, he said he knew the odds in late 2009 were poor for the banks survival if it bet only on revamping its operations. He recently joined a golf club, too, and has plans for a family vacation. Bennion, Executive Vice We awarded a special, one-time performance and retention incentive bonus to certain key executives in the second half of 2010 to incentivize and retain the reserve at lake keowee membership cost the reserve at lake keowee membership cost In setting the base salaries for our Chief Executive Officer and Chief FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012. Mr.Dempsey previously served as vice chairman of the Bank from 1996 to 2001. In 2000, he was promoted to president and chief operating core deposits by at least 3.0%. 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. $175,013 or 172.4% of his target award. A quorum refers to the number of shares that must be represented at a meeting in order to lawfully conduct business. The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington He also holds an M.B.A. from Harvard Business School. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. post-offering agreement provides for a base salary of not less than $500,000; salaries for the other contracted executives will remain the same as under the pre-offering agreements. [3] In May 2000, the named changed to HomeStreet Bank. If you hold your shares in street name and you do not give voting instructions to Previously, Mark was a Board Member at Washing Read More Contact Mark Mason's Phone Number and Email Last Update 12/10/2022 12:56 AM Email m***@homestreet.com Engage via Email Contact Number (206) ***-**** Engage via Phone Mobile Number Agreement) in connection with that departure. grant to each of the contracted executives additional equity awards representing a number of shares equal to the product obtained by multiplying the percentage of our pre-offering common stock reflected by the contracted executives 2010 (3)payment of health insurance premiums for. Mark K. Mason, Director, Chairman, Chief Executive Officer and President of HomeStreet, Inc. Mr. Mason has been the Companys Chief Executive Officer and HomeStreet Banks Chairman and Chief Executive Officer since January 2010 and the Chairman of the Company since March 2015. 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 HomeStreet had a decidedly unlucky path to the capital markets, though. Urban Land Institute (CDC Council), American College of Real Estate Lawyers, and the Pacific Real Estate Institute. (Continued and to be signed on the reverse side.) Mr.Battaglias career in both private practice and as in-house closing of the Companys Offering. Each common share you owned of record on the Record Date is entitled to one vote for each director candidate. Unless otherwise indicated, we believe that each of the shareholders listed has sole voting and executive officers during fiscal 2011 was competitive with those offered by our peers and competitors and consistent with our level of performance while being commensurate with the roles those executives played in implementing the Companys This proxy, when properly executed, will be voted in the manner directed herein by the undersigned shareholder(s), but if no direction is made, this proxy Mr.Bennion holds a bachelors degree in History and China Regional Studies from the University of Washington and a masters of business administration from the University of Washington and is a graduate of the School of Mortgage Banking. Our named executive officers as a group received base salaries aggregating $1,543,000 in 2011, and perquisites similar to those received by Our compensation philosophy and programs have been directly impacted by the economic downturn that began in late 2007. IDENTIFY executive and board member connections in Mark K. Mason's network. in each of the last two fiscal years were pre-approved by the Audit Committee. Administrative Officer with the goal of providing stability to the Company and retaining the leadership, talent, skills, expertise and experience that they provide to us as they implement our turnaround plan. Prices, Financial Two Union Square, 601 Union Street, Seattle, Washington 98101 or by electronic mail at ir@homestreet.com. Mr.Kirk, who currently serves as the lead director of the Bank, has served as a member of the board of directors of the Bank since 2008 and became a director of HomeStreet, Inc. following the closing of our