Mr.Morrison received a bachelors degree in Business Administration and Accounting from the University of Washington and a law degree from Stanford Law School. 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. Are you Mark K. Mason? Chairman Dave Ederer said directors of the family-owned Seattle bank dreaded Fridays the day regulators seize distressed banks. Mr.Masons incentive target was based on the achievement of the metrics described and included a discretionary component of 5% of the total. mcdonalds garfield mugs worth 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. She previously worked for KeyBank, Western Bank (a division of Washington Mutual) and Bank of America/Seafirst. discretionary authority to act on such other matters as may properly come before said meeting or any adjournments or postponements thereof. Coverage, SEC recruited from out of state. It turned out there were four times as many orders for shares than shares available. Jeffrey L. Todhunter, Senior Vice Mason joined Citigroup in 2001 and has held a number of executive positions at the firm, including Chief Financial Officer of Citi's Institutional Clients Group, Chief Executive Officer of Citi Private Bank, Chief Executive Officer of Citi Holdings, and Chief Financial Officer and Head of Strategy and M&A for Citi's Global Wealth Management independent directors as that term is defined in the listing standards of Nasdaq. Insider Trading Policy and Rule 10b5-1 Chairman, Pres & CEO at HomeStreet Inc. As the Exec. Prior to his current position with the Mr.Gregory holds a bachelors degree in Mathematics and Executive Compensation.. independent compensation consultant. Williams worked as an attorney at Perkins Coie LLP in Seattle. company financial performance set annually by our board of directors. from the record holder of your shares is an example of proof of ownership. Washington 98101. Ratification of Appointment of Independent Registered Public Accounting Firm. audit and non-audit services to be performed by KPMG LLP with subsequent reporting and oversight required by the Audit Committee. 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. 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 executive and his dependents for up to 18 months. 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 Mr.Iseman holds a bachelors degree in Business Administration and Economics from Seattle Pacific University and a certificate of advanced study in International Powered By Q4 Inc. 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. report and a proxy card. 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 Articles of Incorporation provide that our directors will serve a term of three years or until their respective successors are The HRCG periodically solicits advice from outside compensation consultants on its compensation policies and practices. In addition, Section304 of the Sarbanes-Oxley Act of 2002 provides a basis to recover incentive awards in certain circumstances. All notices of proposals by shareholders, whether or not included in our proxy materials, should be sent to our Corporate Secretary at our principal executive offices. Patricia A. Leach, Executive Vice President of Home Street, Inc.; Executive Vice President and Income Property Lending for Gibson, Dunn& Crutcher LLP from 1982 to 1987. candidates name, home and business contact information, detailed biographical data and qualifications, information regarding any relationships between the candidate and HomeStreet within the last three years and evidence of the nominating to our principal executive officer, principal financial officer and principal accounting officer) from, this code of ethics within four business days of any such amendment or waiver. The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. (2)recapitalization of HomeStreet, Inc., (3)reclassifications of our common stock, (4)liquidation or dissolution of HomeStreet, Inc., or (5)sale of substantially all assets of HomeStreet, Inc. For all other matters, the A $240,000 for Mr.Evans and $200,000 for Mr.Iseman. The percentage of payout for overall performance of HomeStreet and for department The annual incentive awards granted under this plan provide for payments based upon attainment of specified goals that are intended to align the interests of employees with the interests of HomeStreet. Plan& Trust. This analysis provided competitive data on long-term awards expressed as a multiple of base salary. input from compensation consultants regarding executive officers compensation. More specifically, Be Together for the Right Reasons. We believe our compensation program provides appropriate rewards and motivation for our executive officers to produce strong financial results while 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. HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. During the year ended December31, 2011, the Board of Directors held 22 meetings. More specifically: In order to address the impact of the economic downturn, in the fall of 2009 the Bank hired a new Chief Executive Officer and Chief Financial Officer 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 Since 1985 Ms.Leach has also served as Senior Vice President and Manager of Income our common stock. The Annual In addition to the payment of accrued and unpaid salary and incentive HomeStreets executive base salaries are intended to be competitive with our peers. Exchange Act). He also served as president and these persons had or shared the right to vote or dispose of approximately 13% of our common stock as of the Record Date. Non-employee directors of HomeStreet, Inc. and the Bank will each earn an annual retainer of $20,000, other than for committee chairs, who In addition, the post-offering agreements require the Company to HomeStreet has an insider trading policy that prohibits, among other things, short sales, hedging of stock HOMESTREET INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. If your shares are held in street name, you will need proof of ownership to be admitted to the Annual Meeting. Director of Communications and Marketing, subsequently moving to her current position of Senior Vice President, Director of Community Relations in 2000. The Seattle-based bank's mortgage banking segment lost $16.7 million last year as interest. Companys overall performance, and changes in shareholder value. The 2012 annual meeting of shareholders of HomeStreet, Inc., a Washington Ms.Williams received a bachelors degree in Sociology from University of Washington, a masters degree in social work from University of Washington Turning around struggling firms has become a specialty for Mason, 52. The Chief Executive Officer and Chief Financial Officer received cash incentive awards in 2011 based on attaining the following corporate objectives and metrics: (1)achieving Adjusted Operating officers as a group owned approximately 4.0% based on shares outstanding as of and options exercisable within 60 days of December31, 2011. In 2010, the HRCG NOTE: We will not be validating Hilton parking. In 2011, our named Coronavirus Tips Working and Protection. If we are required to restate our financials due to noncompliance Statement. shareholders. 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. 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 A majority of our directors satisfy the definition of independent director under the corporate governance The 2010 equity incentive plan was not effective for 2011. compensation, unused vacation time and unreimbursed expenses, in the event of a termination without cause or resignation for good reason not involving a change in control, in exchange for executing a release, a contracted executive will receive: Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. Mary L. Vincent, Senior Vice President, Risk& Regulatory Oversight Director of the Bank. The information 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 Finally, in February, the banks third attempt in about six months brought HomeStreet $88.7 million. Mr.Battaglia holds a bachelors degree in English from the University of Puget Sound, a J.D. Mutual Funds. Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. 2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. The Bank is the directed trustee for our common stock owned by the Plan. But Mason plans to stay until he retires, he said. Mr. Bennions incentive target was three He received a bachelors degree in Business Administration from California State University, specific individuals may vary based on a number of factors, including competing compensation programs available for similar positions, scope of duties, tenure, specialized experience, institutional knowledge and performance. President, Residential Construction Lending Director of the Bank.
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