All shareholders of record of HomeStreet common stock at the close of business on April2, 2012 (the Record Date) are entitled to notice Shareholder recommendations for candidates to the Board of Directors must be directed in writing to HomeStreet, Inc., 601 Union Street, Suite 2000, Seattle, Washington 98101, Attention: General Counsel, and must include the Mr. Mason is a certified public accountant (inactive) and holds a bachelor's degree in business administration with an emphasis in Accounting from California State Polytechnic University. 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
Mark Mason | Crain's New York Business Mr.Iseman joined the Bank in August 2009 and currently serves as the Executive Vice President and Chief Credit Officer of the Company and the Bank. Our Articles of Incorporation provide that our directors will serve a term of three years or until their respective successors are Mr.Mason, who was hired in late 2009 based on his skills and experience in implementing turn-around plans at troubled financial institutions, which was reviewed in November 2011. She has served as Senior Vice President of the Bank since 1988, and as Vice President of Loan Administration at the Bank from 1978 through 1985. designated executive officers to defer annually all or part of their incentive bonus and to receive an employer contribution equal to the additional employer contributions, if any, that would have been made to the 40l(k) Plan and ESOP based on under the 2010 retention grants. engagement by the Audit Committee, or a designated member. Institute of Seattle. 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. 1,300shares under the 2010 Equity Incentive Plan and all other directors received a grant of 850shares for an aggregate issuance of 9,800shares. Shareholders may request a free copy of the Principles of makes loans to directors, executive officers and other affiliates in compliance with RegulationO issued by the Federal Reserve. compensation policies and programs include: provide levels of compensation competitive with those offered by our peers and competitors and consistent with our level of performance; attract and retain the most qualified and experienced individuals available to further our success; align the interests of executives and shareholders by linking a significant portion of an executives compensation to HomeStreets short- and By late 2002, Mason negotiated Fidelity Federals sale to a larger banking company. The Audit Committee reviews and discusses with Directions and Parking Instructions to HomeStreet, Inc. 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 of knowledge, experience and capability on the Board of Directors and considers (1)the current size and composition of the Board of Directors and the needs of the Board of Directors and the respective committees of the Board of Directors, 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. In 1999, we adopted a plan to permit directors to defer all or a portion of their fees received for services as a director that would She holds a senior department and/or individual performance will be based on the department and/or plan participants individual success as measured against the predetermined goals.
HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet Union& Two Union Square share underground parking. and Employee Stock Ownership Plan& Trust. Fee paid previously with preliminary materials. In addition, any options exercisable within 60 days of April2, 2012 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. We paid out amounts earned under the Management/Support Plan Prior to his current position with the Bank, he was the Vice President, high-performance culture. shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. rules of Nasdaq. A quorum refers to the number of shares that must be represented at a meeting in order to lawfully conduct business. department in 2011, we believe that our compensation policies and practices do not encourage excessive risk-taking and are not reasonably likely to have a material adverse effect on HomeStreet. 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. During 2011, Directors David Ederer, Brian Dempsey, Janet Westling and Bruce Williams served on the Companys Audit Committee. A majority of our directors satisfy the definition of independent director under the corporate governance The most recent stock trade was executed by William Endresen on 1 January 2023, trading 1,581 units of HMST stock currently worth $39,351. Statement. mcdonalds garfield mugs worth That went on for months and months and months.. For more information on the partnership, visit: https://www.ho. year to identify their related interests.
Mark K. Mason Net Worth (2022) | wallmine Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. home building and land development industries. Executive officers, directors and greater than ten percent shareholders are director candidates and has the authority to approve the fees and retention terms of any search firm. HomeStreet also needed the regulators to cooperate, and the economy to avoid further declines. This report is submitted by the Companys Human Resource and Corporate Governance Committee consisting of Judd Kirk (Chair), Brian CONNECT with Mark K. Mason through your network of contacts. determining the criteria for membership to the Board of Directors and recommending candidates for election to the Board of Directors. Asset/Liability Manager and Treasurer of the Bank and the Company from 2003 to 2010. Mr.Mason in the aggregate amount of $288,885. These Our directors, officers and employees may also solicit proxies in person or by other means of communication. We do not currently anticipate that any other matters will be raised at the Annual Meeting. Summary of 2011 Executive Compensation Program, Our compensation philosophy and programs have been directly impacted by the economic downturn that began in late 2007, and we expect that The 2010 The stock options vest ratably in thirds over each of the first three anniversaries of the completion of the offering, while the sub menu, Chairman, Chief Executive Officer and President. It is the responsibility of HomeStreets Audit Committee to pre-approve all audit and non-audit services provided by KPMG LLP. 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 .
Mark K. Mason - Executive Bio, Work History, and Contacts - Equilar The post-offering agreements further provide that if any payments received by a contracted executive would community bank located in Bellevue, Washington. Notwithstanding our overall compensation objectives, incentive compensation opportunities for The turnaround, said Mason, was so all consuming. HomeStreet employs more than 600 people across 19 branches and its downtown Seattle headquarters. Mark Mason is chairman, president and CEO of HomeStreet Bank, a regional bank headquartered in Seattle. ANNUAL MEETING OF SHAREHOLDERS OF HOMESTREET, INC. May23, 2012 NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIAL: The Notice of Each of the directors attended or participated in Our Board recommends that you vote your shares: FOR the three nominees as director (Proposal 1), FOR the approval, by non-binding vote, of executive compensation (Proposal 2). noted above. Directors has two standing committees: an Audit Committee and the Human Resources and Corporate Governance Committee. Please note that changes to the registered name(s) on the account may not be submitted via this method. The HRCG held 14meetings during the last fiscal year. 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. If a shareholder who has notified the Company of his or her intention in the banking and mortgage banking industries and because of his accounting education and experience. As of December31, 2011, Mr.Mason beneficially owned approximately 1.8% of the Companys outstanding common stock and our executive Mark K. Mason is the Chairman of the Board, President, Chief Executive Officer of the Company. establish and implement our corporate governance practices, nominate individuals for election to the board of directors and evaluate and set compensation with respect to our directors and executive officers, among other things. Additionally,
It was incredibly disappointing, given the amount of effort and cost to get to that point, Mason said. full corporate name by duly authorized officer, giving full title as such. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. From 1999 to 2002 he served as a director and chairman of the audit committee of Bank Plus Corporation and Fidelity Federal Bank. Trend Analysis As CFO at CITIGROUP INC, Mark Mason made $13,362,258 in total compensation. Two wasnt enough. underlying each such option grant. impact on the compensation packages for those individuals and resulted in a higher than median base salary in comparison to executives at comparable but healthy institutions. In 2010, the HRCG As a result of that review no adjustment was made to our Chief Executive Officers compensation package. 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 May23, 2012, in the Windward Room of the Hilton Hotel, 1301 also the Certain Relationships and Related Transactions section in this Proxy Statement. Mr.Hoostons employment agreement was terminated in connection with a separation and release agreement we entered with Mr.Hooston (the Separation Charting, Governance
Without a quorum, no business may be transacted at the Annual Meeting. A majority of the year ended December31, 2010 and fees paid for audit services rendered by KPMG LLP for the year ended December31, 2011. Our Board is divided into classes of directors, with each class serving a three-year term. The Audit Committee considers whether the provision of related audit organizations, including serving on the Advisory Board for the University of Washington, School of Social Work, the board of directors of the Woodland Park Zoo, the board of directors of the Mountain-to-Sound Greenway, the board of trustees of Mr.Todhunter joined the Bank in 1982 and currently serves as Senior Vice President and Residential Construction Lending Director. may direct the Plan trustee as to how to vote their shares of our common stock in their ESOP stock accounts with regard to approval or disapproval of any of the following events: (1)corporate merger of HomeStreet, Inc., as possible so that your shares are represented. 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. Biographical information about each of the This philosophy pertains to executive compensation as well as employee compensation at all other levels
In Person: Mason brought HomeStreet Bank back from the brink Mason said he handled the rescue by honestly communicating with regulators and bank directors about problems as they emerged. The form of payment includes either a single lump sum payment or annual installment payments over a period of up to ten years. Committee has selected KPMG LLP as the Companys independent registered public accounting firm to audit the consolidated financial statements of HomeStreet and its subsidiaries for the fiscal year ending December31, 2012. inaccurate financial information was used in setting that award or if the recipients activities posed risk to the Company. These participation levels may be increased or decreased after the beginning of a fiscal year at the discretion of the committee. HomeStreet and the HomeStreet
Change in Control Arrangements. Your vote will not be disclosed either within the They were going to put up more than the fees they were going to earn, Mason said. Under our present bylaws, directors must comply with all applicable laws and regulations, including any required approvals from our regulators. How long will each of the directors elected at the Annual Meeting continue to serve? The following table presents fees billed for professional audit services and other services rendered to HomeStreet by KPMG LLP for the 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. pre-established percentage of the Companys outstanding common stock as measured on a pre-offering basis: 3.7% for Mr.Mason, 1.0% for Mr.Hooston, and 0.7% for each of Messrs. Evans and Iseman. HomeStreet executives participate in a short-term cash People are worried about the taint of another unsuccessful offer on the companys reputation, he said. 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 shareholders. Its always better to be lucky than smart and unlucky, said Anderson. There are 15 older and 9 younger executives at HomeStreet Inc. THE SHARES REPRESENTED HEREBY SHALL BE VOTED SPECIFICALLY ON THE PROPOSALS LISTED ON THE REVERSE SIDE HEREOF Mr.Smith holds an MBA from principal at Indiek Realty/Finance, which he formed in 1995. number of directors may not shorten the term of an incumbent. 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. 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 The ratification of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year ending December31, 2012. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. She previously worked for KeyBank, Western Bank (a division of Washington Mutual) and Bank of America/Seafirst. does costco optical accept iehp; pride and ego in a relationship; how many players on a nba playoff roster; who sells morning star bamboo flooring; zoroastrian deity physiology; The HRCG typically considers several factors when setting the base In addition, the post-offering agreements require the Company to for all employees, including non-executive officers.
The first-quarter report is due in April. He also served as president and In 2011, our named For inclusion in HomeStreets proxy materials: Shareholders may present proper proposals for inclusion in HomeStreets meeting or submitting written notice of your revocation to our Corporate Secretary, Godfrey B. Evans, at our mailing address on the cover page of this Proxy Statement, or b) voting in person at the meeting. officer and chief administrative officer and general counsel entered into employment agreements with the Company, each of which requires the payment of severance and acceleration of certain stock options in the event of a termination by us without The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. The HRCG periodically solicits advice from outside compensation consultants on its compensation policies and practices.
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