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HomeStreet had a decidedly unlucky path to the capital markets, though. The Audit is currently a member of the Bank Securities Insurance Association and currently serves as a partner and volunteer with Habitat for Humanity. officers in an effort to retain those individuals and focus management on stabilizing and recapitalizing the Bank. The Bank surveys Company and Bank directors and senior and executive officers each 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. from $1.125 to $1.50 per share. If you mark your voting instructions on the proxy card, This philosophy pertains to executive compensation as well as employee compensation at all other levels and accordingly, recommends that you vote FOR each of proposals 1, 2 and 4, and vote EVERY 3 YEARS with respect to proposal3. Please refer to the questions and answers section commencing on page2 of the Proxy Statement and the instructions on the proxy card. If you provide In addition, all of the contracted executives unvested restricted stock and stock options will immediately vest and will remain exercisable The SEC maintains a website located at www.sec.gov that also contains this information. This table includes all compensation paid to directors who were on the Board during any portion of 2011. On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. shareholders. The level of awards was based on an analysis conducted by Towers Watson, an Ms.Leach previously served as chairperson of Embers, chairperson of the Affordable Housing Committee, co-chairperson of the Multifamily Committee, a member of the board of directors of Common Ground, a member of the From 2008 until joining HomeStreet, Mr.Evans was the managing director of the bankruptcy and restructuring practice group at Marshall& Stevens. 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, 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. 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 Mark Mason - Black Entrepreneur & Executives Profiles of those grants. 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 Adjusted Operating Income at a target of $43.3 million. nominees is contained in the following section. michael cooper toronto first wife; kali flanagan back to the start; who owns slomin's oil; smith and wesson revolver for ladies; Posted on June 10, 2022 by . complex from the freeway on-ramp). Hilton Hotel, Windward Room, located at 1301 Sixth Avenue. The Audit Committee considers whether the provision of related audit FOR AGAINST ABSTAIN Brian P. Dempsey Gerhardt Morrison Douglas I. Smith 2. Based on the results of this assessment, we do not believe that our compensation policies and practices for all employees, including non-executive officers, create risks that are reasonably likely home, Corporate Executive Officer. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. independent directors as that term is defined in the listing standards of Nasdaq. Mr.Dempsey received a bachelors degree in Business Administration and a masters of business administration from the University of Washington. The post-offering agreements further provide that if any payments received by a contracted executive would 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. Our Executive Vice President, Residential Lending also received a grant of 8,000 options at a price per share of $1.50. Thank you for your ongoing support of and continued interest in HomeStreet, Inc. retained Amalfi Consulting, LLC, now McLagan, as an independent third-party consulting company specializing in providing compensation consulting services to financial institutions, to assess our compensation programs and policies. 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. 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. Ms.Taylor joined the Bank in 1998 as Senior Vice President and Human Resources Director. board of directors and is comprised of Pamela J. Taylor, Richard W.H. the approval of executive compensation. What percentage of stock do the directors and executive officers own? THE BOARD Committee of the Board of HomeStreet, Inc. You may do this by either a) signing and returning another proxy with a later date prior to the date of the PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED 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 We are requesting that you provide the Board of Directors your vote prior to the meeting by completing and returning Summary Mark K. Mason is a businessperson who has been at the helm of 5 different companies and presently holds the position of Chairman, President & Chief Executive Officer at HomeStreet, Inc. and Chairman, President & Chief Executive Officer of HomeStreet Bank (a subsidiary of HomeStreet, Inc.). We believe it is critical to HomeStreets success to attract, retain and incentivize highly qualified executives and to promote a engagement by the Audit Committee, or a designated member. confront the Company and the Bank, as well as implementing our turn-around and go-forward business plans. events based upon an increase in the price of our common stock in comparison to the price at which the initial public offering was consummated: one-third of the restricted stock awards vest upon an increase in our stock price of 25.0% from the The HRCG is responsible for, among other things, Coverage, SEC A shareholder of record is a person or entity whose name appears on or in our records as an owner of one or more shares of our common stock as of the close of business on the Record Date. 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. your shares will be voted as you instruct. HomeStreet Bank is a member of the FDIC and an Equal Housing Lender. Mr.Morrison received a bachelors degree in Business Administration and Accounting from the University of Washington and a law degree from Stanford Law School. Employer ESOP contributions are determined based on the attainment of goals for overall on HomeStreets website and the SECs website are not part of this Proxy Statement. He has previously served as a member of the Submitted by the Audit Darrell van Amen, Senior Vice President, Asset/Liability Manager, Treasurer of the In general, brought before the meeting. Chairman and Pres & CEO of HomeStreet Inc, the total compensation of Mr Mason at HomeStreet Inc is $1,633,200. 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. 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 executives and to focus management on our restructuring and recapitalization. 6.0% of eligible compensation (subject to IRS limits). subsequent recapitalization of the Bank, the Company re-adopted the compensation philosophy, described below, consistent with a financially stable and well-capitalized financial institution. Our named executive officers as a group received base salaries aggregating $1,543,000 in 2011, and perquisites similar to those received by On March14, 2012, we announced a mutually agreed upon separation with our Chief Please contact our investor relations department by calling 206-264-4200, by writing to HomeStreet, Inc., attn. 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 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. bachelors degree from the University of Washington. Mr. Mason. business unit executive officers. candidate, which review may, in the HRCGs discretion, include interviewing references for the candidate, direct interviews with the candidate, requesting additional information to be shared with our regulators or other actions that the HRCG for such services; review the adequacy of our internal accounting controls and financial reporting processes; and. Mr.Dempsey was selected to serve as a director because proposals 1, 2, and 4 and for the 3 years option of proposal 3 on the frequency of executive compensation votes, as indicated on the reverse side of this page, with all powers that the undersigned would have if acting in person; and with Directors Scott results from the single family mortgage origination activities under Mr.Bennions leadership. officer). In addition, the plan authorizes the HRCG to provide that the grant, vesting or settlement of any award made under the plan may be subject to one or more pre-established performance goals. The actual payouts will be calculated as a proportion of minimum, target and maximum performance levels. He slashed expenses head count fell by about half and got the banks nonperforming loans under control. From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. Prior to joining the Bank, Ms.Kanealii served Bank of America as senior vice president and senior relationship manager for middle Each of the directors attended or participated in company financial performance set annually by our board of directors. References to the Annual management. Mr.Malone joined the Board of Directors of HomeStreet, Inc. upon the closing of our initial public offering in 2012. way, the Board of Directors may decide that it is in the best interests of our shareholders and the Company to hold an advisory vote on executive compensation more or less frequently than the option approved by our shareholders. Ms.Leach joined the Bank in 1985 and since 1998 has served as the Executive Vice President and Income Property Lending Director. counted if you are unable to attend. In 2017, HomeStreet CEO Mark Mason explained why. As a result, the Notice Period for the 2013 annual meeting of AND 4 AND A VOTE 3 YEARS ON PROPOSAL 3. Prior to his current position with the Bank, he was the Vice President, OUR BOARD RECOMMENDS THAT SHAREHOLDERS VOTE TO APPROVE THE NOMINEES LISTED director candidates and has the authority to approve the fees and retention terms of any search firm. To change the address on your account, please check the box at right and indicate your new address in the address space above. Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. We needed all three, he said. Brian P. Dempsey. The undersigned shareholder of HomeStreet, Inc. hereby appoints David A. Ederer and Godfrey B. Evans, and each of them, with power of substitution to each, to attend the Annual Meeting of executive officers were granted incentive awards that the company paid in cash on April15, 2012 based solely on the terms of the Management/Support Plan described above. 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. purposes of hiring employees but as no base salary increases have been granted to any named executive officers since 2008, no base salary surveys were conducted during 2009, 2010 or 2011 other than the Chief Executive Officers base salary, Each of these options had an exercise price of $1.50 per share. Meeting, proxy statement and proxy card are available at www.homestreet.com/proxy Please sign, date and mail your proxy card in the envelope provided as soon as possible. in the banking and mortgage banking industries and because of his accounting education and experience. The meeting will be held at 10 a.m. Pacific Time on May23, 2012 at the downtown Seattle president and chief executive officer, chief credit officer and director of San Diego Community Bank from 2001 to 2006. committee, as a director and treasurer of Citizens for Smart Growth (Blaine County, Idaho), a trustee of Zion Preparatory Academy, chairman and trustee of Big Brothers of Seattle, a trustee of the Overlake School, and as a trustee of the Seattle Ms.Vincent joined the Bank in 1987 and currently serves as Senior Vice President, Risk and Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (1)two times his then current base salary, (2)an amount equal to two times the greater of (a)his annual incentive payment earned in the year prior to termination or (b)his target incentive payment for the current year and 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.,