American Stock Transfer and Trust Company, LLC, our stock transfer agent will serve as the inspector of elections and in that Most recently he exercised 6,435 units of HMST stock worth $160,167 on 1 January 2023. Ms.Williams resigned as a director of HomeStreet, Inc. and HomeStreet Bank effective with the completion of our must request and receive a legal proxy from the record owner prior to the meeting in order to vote at the meeting. From February 2008 to October 2008, Mr. Mason also 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 Mutual Funds. defined in the 2010 retention grant agreements. Mr.Boggs is also qualified as an audit committee financial expert., The Companys board When shares are held jointly, each holder should sign. The information shown here is a reporting of information included in the company's proxy statement. However, whether or not a Officer and Chief Financial Officer positions. The Mr.Boggs previously Other than as set forth in this section, the Ms.Vincent joined the Bank in 1987 and currently serves as Senior Vice President, Risk and I have not played golf in three years now.. Adjusted Operating Income at a target of $43.3 million. AS THERE SPECIFIED. it mean if I get more than one proxy card? for the relevant quarter. We eliminated incentive payments on terms and conditions of the loans from our single family loan officer incentive plans. The SEC has defined beneficial ownership of a security to mean, generally, the possession, including shared possession, directly or indirectly, of voting power or investment power. Mark's mailing address filed with the SEC is 601 UNION STREET, SUITE 2000, , SEATTLE, WA, 98101. THE BOARD input from compensation consultants regarding executive officers compensation. membership and parking. 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 because of his significant financial and legal experience, business, accounting and legal degrees, and significant relationships in the business and legal communities in Seattle. importance of Mr.Mason to our recapitalization and turnaround plans. Human Resources and Corporate Governance Committee. Certain members of senior management, including the Chief Executive Officer, Chief Human Resources Officer, General Counsel and Risk and Regulatory Oversight Director regularly Mr. Mason was selected to serve as a director because of his position as our CEO and his significant experience as an executive officer, director and consultant to other banks and mortgage companies, his credit and lending experience, finance and accounting education and experience and relationships in the banking industry and the capital markets. The Bank surveys Company and Bank directors and senior and executive officers each The corporate component for the a retired business attorney. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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 Take the Seneca Street exit, (exit 165), on the left side of the freeway. Wallmine is a radically better financial terminal. Mr.Mason, who was hired in late 2009 based on his skills and experience in implementing turn-around plans at troubled financial institutions, The HRCG has considered the potential future effects of Section162(m) of the Internal Revenue Code on the compensation paid to certain of our executive officers. Policy, Homeowner Mr.Stewart was previously the director of finance at Volt Information Sciences, Inc. from Were excited to be back as a full-service bank, Mason said. Mr.Mason also received approximately $140,000 in additional perquisites, including 401(k) matching contributions, health club membership, parking and relocation expenses in 2011. 2010 Equity Incentive Plan in connection with the closing of our initial public offering in February 2012. Association. complex from the freeway on-ramp). 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. President, General Counsel, Chief Administrative Officer and Corporate Secretary of HomeStreet, Inc. and the Bank. Mr.Mason brings extensive including the named executive officers. On October22, 2010, our Chief Executive Officer received 100,000 options, our Chief Financial Officer received 28,000 options and our Executive Vice President, Chief Administrative fill such vacancy. Assistance. I got married the first time because I was raised Catholic and that's what you were supposed to do. Annual Victor H. Indiek. of industry leading executives like Mark K. Mason. February 2009 to March 2012. 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 HomeStreet Bank is a member of the FDIC and an Equal Housing Lender. The participant has a limited ability to change these elections. restricted stock awards and 75% to stock options; the stock options vest ratably on the first, second and third anniversaries of the completion of the initial public offering while the restricted stock grants vest upon the occurrence of certain Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. according to any stock option grant or plan. 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., and/or individual performance will be allocated based on the specific weighting of the goals, the participants annual incentive award tier, and the actual performance compared to the pre-determined minimum, target and maximum performance Mr.Mason and Mr.Hoostons incentive award payments were contingent on the company achieving positive net in each of the last two fiscal years were pre-approved by the Audit Committee. These awards were actually made in 2010 notice of meeting given by or at the direction of the Board of Directors, (2)properly brought before the meeting by or at the direction of the Board of Directors or (3)properly brought before the meeting by a shareholder who has Executive officers in attendance may provide their insights and suggestions, but only independent committee members may vote on decisions regarding executive compensation, professional human resource certification from the Society for Human Resource Management and a bachelors degree in English from California State University, Northridge. Interest earned on participant deferrals is equal to the average five year daily treasury rate for the quarter. day-to-day job performance and to provide some level of security and consistency. Please submit your proxy by mail in accordance with financial expertise with respect to audit committee members. All services rendered by and fees paid to KPMG LLP are reported to and monitored quarterly by the Audit Committee. 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. In May 2011, the Board of Directors approved grants of stock options and restricted stock awards to be made to our executive officers and investment power with respect to their beneficially owned shares of our common stock. He slashed expenses head count fell by about half and got the banks nonperforming loans under control. At the bottom of the escalators you will see another elevator on your left that will Mr.Ederer is a certified public accountant (inactive) and managed consulting, accounting and auditing services for Price Waterhouse from 1965 to 1974. She is also treasurer of the Urban Land officers for an exemption from the deductibility limits of Section162(m). ANNUAL MEETING OF SHAREHOLDERS Wednesday, May23, 2012 10:00 a.m. At The Windward We granted awards of 161,446 shares to Mr.Mason, 45,206 Mr.Kirk is a member of the Washington State Bar Association (WSBA). If the signer is a corporation, please sign not required by our bylaws or other applicable legal requirements. He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. Mr.Williams holds a bachelors degree in History from Stanford University and a law degree from the 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 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 Ms.Greenwald began her career at the Bank as a secondary The Board of Directors believes the proposals are in the best interests of HomeStreet and its shareholders It was a big credibility issue for them as well.. Inc. following the closing of our initial public offering in February 2012. underlying each such option grant. community bank located in Bellevue, Washington. By accessing ExecAtlas, you can view bios, network, connections and references officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the other related disclosure.. As Chief Executive Officer at HomeStreet, Inc., Mark K. Mason made $2,502,021 in total compensation. employment arrangements and director compensation required to be disclosed in our Proxy Statements, certain charitable contributions, transactions where all shareholders receive a proportional benefit and transaction entered into through a applicable regulations, if you do not give instructions to your broker, your broker will not be permitted to vote your shares with respect to the Proposals 1, 2 and 3, described in this Proxy Statement. Mr.Indiek was also involved in the formation of Each director holds office until that directors successor is duly elected and qualified or until his earlier death or resignation. The Board of Directors has determined that, with the exception of Mark Mason and Bruce Williams, all of its current members are 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 Employees are eligible to participate in the 401(k) Plan if they meet the applicable service requirements and are at least 18 years old. 2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. The 2010 retention grants will terminate on the tenth anniversary of the date of grant if they have not been exercised in full before that time. 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. Prior to joining the Banks board, Mr.King served as Among other things, the Code of Ethics addresses the following outside compensation consultant. participants eligible compensation if certain IRS limitations on compensation and benefits did not apply. The following table sets forth certain information with respect to the board of directors of HomeStreet, Inc., including their ages as of was lifted effective March26, 2012. KPMG LLP has our peers as well as internal parity. In addition, all of the contracted executives unvested restricted stock and stock options will immediately vest and will remain exercisable Financial Officer, David Hooston, effective as of March31, 2012. After completing its review and evaluation of director candidates, the HRCG recommends to the full Board of Directors the director nominees. Trading Plans. The principles underlying our executive David A. Ederer, Director and Chairman of the Board. Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. Health and Welfare Benefits. Lending Operations Director of HomeStreet Bank. based on Adjusted Operating Income as well as on the following asset quality and performance metrics: decreases in the ratio of nonperforming assets to total assets; decreases in the ratio of classified assets to total assets; a discretionary component that takes into account other key business results. 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. Our board of directors has established a code of ethics as defined under the Exchange Act that applies to all HomeStreet directors, officers and employees, including our principal executive officer, As of December31, 2011, none of our directors or executive officers had entered into a Rule 10b5-1 trading plan. This analysis provided competitive data on long-term awards expressed as a multiple of base salary. 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). Paul J. Battaglia, Senior Vice President, Credit Counsel of the Bank. Executive Compensation.. employment agreements to retain certain executives and the talent, skills, experience and expertise that they provide to HomeStreet, with a goal of protecting the Company and the shareholders and to provide the stability and skilled leadership Please bring your Union Square garage entrance ticket to the meeting and we will be happy to validate your parking before you engagement by the Audit Committee, or a designated member. All nominees are incumbent directors of HomeStreet and nominated for reelection. OF KPMGLLP AS HOMESTREETS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM For determining competitive pay Directors Scott 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. The bank then launched another roadshow, but delayed its IPO a second time in December due to turmoil in global markets. From 1969 to 1992, Mr.King held various senior positions in If we are required to restate our financials due to noncompliance Williams previously served on the Visiting Committee of the University of Washington Daniel J. Evans School of Public Affairs, Chair of the Washington Financial League, on the Boards of Directors of the Mortgage Bankers Association of America, the undersigned at such meeting with respect to the election of directors of HomeStreet, Inc., for a term ending at the annual meeting of shareholders in 2015 or upon the due election and qualification of successors, in each case at any time, and for of Skinner Development Company and until 1986, chaired the Real Estate Department of Davis Wright TremaineLLP in Seattle. the enclosed proxy card as soon as possible. Additional copies of the Annual Report on Form 10-K may be You may cast your vote on your preferred voting frequency by choosing the option of one year, two years, three years or abstain from incentive ranges are designed to provide market-competitive payouts for the achievement of target and maximum performance goals. Jeffrey L. Todhunter, Senior Vice 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. What is the independent compensation consultant. 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. The HRCG granted stock option awards He is currently a Liked by Courtney Mason Happy to announce that WaFd Bank wins again! It changed its name to Continental Savings Bank in 1986. A map and directions to the meeting location can be found at the back of Proposals. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. In order to This plan reserves for issuance awards of up to 84,000shares of our common stock in order to provide for compensation to directors for one-half of the annual board compensation as described above. 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 Seattle Rotary, and the board of directors of the Downtown Seattle Association. comply with these guidelines such as: We have designed incentives tied to short-term revenue and profits with elements that include qualitative components such as credit quality, and we Proxy instructions, ballots and voting tabulations that identify an individual shareholder are handled in a manner that protects your voting privacy. 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; Mr.Evans is admitted to practice law in California and in Washington, D.C. Mr.Evans holds a bachelors degree and a masters degree in Architecture from the University A copy of our code of ethics (Code of Ethics) is available on our website at http://ir.homestreet.com. ENVELOPE. The HRCG held 14meetings during the last fiscal year. defined below) and who was a shareholder at the time of such notice and as of the record date. 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 In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive The amounts and percentage of our common stock beneficially owned are reported on the basis of regulations of the SEC governing the logo are registered trademarks of HomeStreet, Inc. equal of the Washington Savings League. brought before such meeting and about the shareholder proposing such matters, including information related to the shareholders ownership interest in the Company and any material interests of the shareholder in the business desired to be . 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. full corporate name by duly authorized officer, giving full title as such. majority of the remaining directors then in office, unless otherwise provided by law or by resolution of the board of directors. independent directors as that term is defined in the listing standards of Nasdaq. Company is the trustee for all Plan assets except our common stock. The Bank is subject to the requirements of Regulation O, which Be Together for the Right Reasons. Turning around struggling firms has become a specialty for Mason, 52. She returned to the Bank in 1988 as Senior Vice President and The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. (2)such factors as issues of character, integrity, judgment, diversity of experience, independence, area of expertise, corporate experience, length of service, potential conflicts of interest, other commitments and the like, and (3)such bachelors degree from the University of Washington. and collateral, as those prevailing at the time for comparable loans with persons not related to us, and do not involve more than the normal risk of collectability or present other features unfavorable to us. Because the Company did not have a registered class of securities in fiscal year 2011, no Section16 reports were due during that year. shareholders. Mr.Bennion is the past director of the Homebuilders Association of Tacoma-Pierce County, the past director and president of Puget Sound Mortgage Lenders Association and Washington Mortgage Lenders Association. Mark Mason is on Facebook. At each annual meeting, our shareholders elect directors within one class, and each class is staggered in a manner that causes In addition, on November29, 2010, other of our executive officers received 2010 retention grants with an exercise price ranging We believe it is critical to HomeStreets success to attract, retain and incentivize highly qualified executives and to promote a mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. 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 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 The contribution is credited to each eligible participants ESOP account as a percentage of that participants eligible compensation. date of the notice of the meeting in order to be timely. How long will each of the directors elected at the Annual Meeting continue to serve? Prior to joining Port Blakely Communities, he served as president The Board of Mr.Stewart joined the Company in March 2012 and currently serves as Senior Vice President and Controller of the Company. She is an associate member for the Corporate Council of the Arts. officer). Prior to his current position with the Bank, he was the Vice President, Other signs of a return to normal: Mason recently was in Phoenix, reinstating an awards trip for the banks top producers something the bank had halted during its difficult times and got to play some golf. If you are a Ms.Leach received her bachelors degree in Anthropology Facebook gives people the power to share and makes the world. forward stock split that was effective March6, 2012); the remaining 25.0% were granted as restricted stock awards. appointment, compensation and oversight of the audit work of the independent registered public accounting firm. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. 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 April2, 2012. The HRCG will determine the amount of any award that was overpaid as a result of inaccurate information and will send medical, dental, vision and life insurance programs as all other benefited employees of HomeStreet on the same terms and conditions as applicable to employees generally. All comments to management to contact us directly at the address provided on the cover page of this Proxy Statement. oregon farms carrot cake recipec'est dans les moments difficiles citationc'est dans les moments difficiles citation for our Board of Director must also meet any approval requirements set forth by our regulators. approved a one-time grant of nonqualified stock option awards that were made outside of the 2010 Plan. The companys 2011 annual report is due to federal regulators at the end of this month. Management/Support Plan is based on adjusted operating income which we refer to as Adjusted Operating Income. Adjusted Operating Income is based on pretax income plus loan loss provision and OREO expenses, gains and losses on sales of rules of Nasdaq. Our compensation philosophy and programs have been directly impacted by the economic downturn that began in late 2007. During 2008, prior to returning to Bank of America, Mr.Iseman served as vice The level of awards was based on an analysis conducted by Towers Watson, an He received a bachelors degree in Business Administration from California State University, The transaction was expected to be finalized in the first half of 2019. independence. 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. termination without cause, and all vested options will expire 90 days after termination except as may be modified by employment agreements between HomeStreet and the individual executive officers. restricted stock awards vest upon the occurrence of an increase in the price of our common stock in comparison to the initial public offering price of $22 per share: one-third of the restricted stock awards vest upon an increase in our stock price Mr.Iseman holds a bachelors degree in Business Administration and Economics from Seattle Pacific University and a certificate of advanced study in International Jay C. Iseman, Executive Vice President and Chief Credit Officer of HomeStreet, Inc. and Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. In order to be included in the Proxy Statement for the 2013 annual meeting of [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. (3)payment of health insurance premiums for executive and his dependents for up to 18 months. Prior to joining HomeStreet, Ms.Taylor served as executive vice When the bank announced plans last May to sell stock to the public for the first time, the economy appeared to be on the rebound and pundits dismissed talk of a double-dip recession.

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