We also intend to enter into indemnification agreements with our future directors and executive officers. He subsequently served as an executive officer at several financial. Judd Kirk. In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive The bank finished its worst quarter ever in September 2009, losing nearly $43 million. The banks chief financial officer, part of the turnaround team, recently announced his departure. These grants were allocated 25% to Mr.Indiek was selected to serve as a director because of his extensive experience Mr.Ederer is a certified public accountant (inactive) and managed consulting, accounting and auditing services for Price Waterhouse from 1965 to 1974. The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. : Investor Relations, 2000 Mr.King, joined the board of directors of the Bank in 2010 and became a director of HomeStreet, Inc. following the closing of our initial public offering in February 2012. Bank upon the closing of our initial public offering in February 2012. Exit the elevator and take the down escalators directly ahead. will be able to qualify for and accept office, if for any reason a nominee is unable or declines to serve as a director at the time of the Annual Meeting, the proxies will be voted for any nominee who shall be designated by the Board of Directors to defined in the 2010 retention grant agreements. Effective upon the closing of our initial public offering on February15, 2012 the majority of our then-existing board of directors resigned and certain new directors were appointed to the vacancies. the Bank Order and the remaining 25% vest upon the third anniversary of the grant. 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). company financial performance set annually by our board of directors. initial public offering in February 2012. ANNUAL MEETING OF SHAREHOLDERS Wednesday, May23, 2012 10:00 a.m. At The Windward Ms.Williams resigned as a director of HomeStreet, Inc. and HomeStreet Bank effective with the completion of our Exchange Act). Administrative Officer. A base salary is provided to HomeStreet executives to pay for the basic We also believe the compensation paid to our officers as a group owned approximately 4.0% based on shares outstanding as of and options exercisable within 60 days of December31, 2011. Try to find parking in the WEST section of the garage, near the One Union Square elevator on any level. The He became Chairman of the Board of the Company in March 2015 after serving as Vice Chairman of the Board since January 2010. Our Articles of Incorporation provide that our directors will serve a term of three years or until their respective successors are ABOVE BY SIGNING AND RETURNING THE ATTACHED PROXY TO THE COMPANY. According to Trepp, a provider of bank ratings, about half the banks that were under regulatory restrictions as of May 2009 when HomeStreet was ordered to improve its finances and management have since failed or been acquired. The Audit Committee of HomeStreet, Inc. is composed solely of independent directors as required by the Nasdaq corporate governance the Dodd-Frank Wall Street Reform and Consumer Protection Act. Ms. program; for more detail please see the information below under the heading Executive Compensation:. Let us earn your business. Registrant, Confidential for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)), Soliciting Material Pursuant to 240.14a-12, (Name of Registrant as Specified In Its Charter). All services rendered by and fees paid to KPMG LLP are reported to and monitored quarterly by the Audit Committee. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Look for overhead signs in the garage directing you to WEST or One Union Square elevators. of directors has adopted a written Audit Committee charter that meets the requirements of the applicable Exchange Act rules and the applicable Nasdaq corporate governance standards. Mr.Indiek holds a bachelors degree in accounting from the University of Kansas, is a certified public accountant and a California real estate broker. IDENTIFY executive and board member connections in Mark K. Mason's network. Wallmine is a radically better financial terminal. protecting proprietary information and proper use of assets. We have implemented certain compensation practices to These loans are made in the ordinary course of business on substantially the same terms, including interest rates Generally, we including the named executive officers. Paulette Lemon, Senior Vice President, Retail Banking Director of the Bank. Where can I find the results of the Annual Meeting? President of HomeStreet, Inc.; Executive Vice President and Residential Lending Director of the Bank. The transaction was expected to be finalized in the first half of 2019. 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. The purpose of the 2010 Plan is to give us a competitive position in attracting, retaining and motivating officers, employees, Please note that changes to the registered name(s) on the account may not be submitted via this method. University of Washington and is a graduate of the Pacific Coast Banking School. was lifted effective March26, 2012. Regulatory Oversight Director. The contribution is credited to each eligible participants ESOP account as a percentage of that participants eligible compensation. Our bylaws permit initial public offering. You have to quickly assess the most critical needs, address them and move on.. Freddie Mac, serving initially as its first chief financial officer from 1970 to 1973 and then as its president and chief executive officer from 1974 to 1977. in Business Administration from the University of Washington. detail in the questions and answers and other materials that follow. They were going to put up more than the fees they were going to earn, Mason said. AND 4 AND A VOTE 3 YEARS ON PROPOSAL 3. . 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. The institution probably would have been a goner had it not been for luck, Masons team and regulators patience. conversion of a security, (3)the power to revoke a trust, discretionary account or similar arrangement or (4)the automatic termination of a trust, discretionary account or similar arrangement. awards total approximately 5.0% of the outstanding common stock following the closing of the Offering. officers, received incentive awards to be paid in cash in 2012 based on attainment of specified goals that are intended to align the interests of employees with the interests of the Company. Ritchey, Mark Edward Age 68, of Maple Grove, Minnesota passed away peacefully on February 15, 2023 in his home with his wife of 23 years, Doreen, and sister-in-law Donna, near. Subsequently, $240,000 for Mr.Evans and $200,000 for Mr.Iseman. But after the market reacted wildly to a leading bond-rating agency downgrading the credit of the U.S. government, it postponed the offering. 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. of industry leading executives like Mark K. Mason. directors and consultants and to provide a means whereby officers, employees, directors and consultants can acquire common stock or earn incentive compensation based on the value of our common stock, thereby strengthening their commitment to Notwithstanding our overall compensation objectives, incentive compensation opportunities for separation agreement we entered into in March 2012 with David Hooston, our former Chief Financial Officer, we agreed, subject to regulatory approval, to accelerate the vesting of an additional 25% of the stock options granted to Mr.Hooston ENVELOPE. Request, Email compensation program and the director compensation program in effect in 2011 are reasonable and appropriate based on our review of peer financial institution data and the data provided by our outside compensation consultants. Mr.Stewart joined the Company in March 2012 and currently serves as Senior Vice President and Controller of the Company. Ratification of Appointment of Independent Registered Public Accounting Firm. The HRCG regularly reviews Urban Land Institute (CDC Council), American College of Real Estate Lawyers, and the Pacific Real Estate Institute. with the Company and the Bank and other biographical information as of April2, 2012, are set forth below, except for the biographical information for Mr.Mason, which can be found above under Proposal 1 Information For 2010 and 2011, we also provided reimbursement for temporary housing, relocation and personal travel for our Chief Executive Officer, Chief Financial Officer and Chief Administrative Officer/General Counsel who were Each common share you owned of record on the Record Date is entitled to one vote for each director candidate. When shares are held jointly, each holder should sign. The election of directors requires that the candidates elected receive a plurality of votes, which means that the three candidates receiving the largest number of votes All services provided by KPMG LLP days prior to the one year anniversary of the date on which we mailed our proxy materials to shareholders in connection with the previous years annual meeting of shareholders. Prices, Financial However, all of our executive officers received retention equity grants in 2010 and restricted stock awards and option grants under our in each of the last two fiscal years were pre-approved by the Audit Committee. Mark K. Mason, Director, Vice Chairman, Chief Executive Officer and President of Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. duly elected and qualified. 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.

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