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. Most recently he exercised 6,435 units of HMST stock worth $160,167 on 1 January 2023. February 2009 to March 2012. Corporate Governance at the address and phone numbers set forth above. Hospital and Seattle Pacific University. We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall for Gibson, Dunn& Crutcher LLP from 1982 to 1987. The Audit Committee reviews and discusses with long-term financial performance; and. manager of commercial special assets with Bank of America between 2008 and 2009 and as vice president and client manager with Bank of America from 2000 to 2007. The Board of Directors has determined that, with the exception of Mark Mason and Bruce Williams, all of its current members are 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. Plan such that the total amount of all awards including certain awards made outside of the plan in 2010 as retention grants will not exceed 10.0% of our outstanding shares of common stock as measured immediately after the closing of our initial All compensation paid to non-employee directors in 2011 was paid in cash. Are you Mark K. Mason? The HRCG is responsible for, among other things, The Audit Committee has adopted a policy authorizing certain permissible Filings, Insider As part of those grants, our Executive Vice President, Chief Credit Officer received a grant of 4,000 options related to his prior position as Senior Vice President, Credit Administration Manager at an exercise price duly elected and qualified. We have a 40l(k) Savings Plan (the 401(k) Plan) and an Employee Stock Ownership Plan& Trust (the ESOP). from the University of Washington and is a Mr. Mason is a certified public accountant (inactive) and holds a bachelors degree in business administration with an emphasis in Accounting from California State Polytechnic University. Split Information, Officers The option of one year, two years or three years that receives the highest number of votes cast by shareholders will be the frequency for We do not believe that any element of the 2010 Plan encourages excessive or unnecessary risks to HomeStreets assets or reputation. In May 2011, to provide additional compensation incentives and reward certain key executives who have played an important role in recapitalizing the facilitate an orderly Annual Meeting, we request that you provide the Board of Directors your vote prior to the Annual Meeting by completing and returning the enclosed proxy card as soon as possible. Please note that requests for investor relations materials should be sent to ir@homestreet.com. 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 Mr.Dempsey previously served as vice chairman of the Bank from 1996 to 2001. Prior to being named Citi CFO, Mr. Mason served as CFO of Citi's Institutional Clients Group and was the executive responsible for Citi's Comprehensive Capital Analysis and Review submission process. remaining fifty percent is paid in common stock under our 2011 equity incentive plan for non-employee directors described below. Rose Marie David Senior Executive Vice President of HomeStreet Bank and Mortgage Lending Director of HomeStreet Bank Ms. Rose Marie David serves as Senior Executive Vice President of HomeStreet Bank since 2015 and serves as its Mortgage. For its 2021 fiscal year, HOMESTREET INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The unique circumstances presented by the Banks financial condition and the market downturn had a direct the participant a recovery notice specifying the overpayment amount and the terms for repayment. A base salary is provided to HomeStreet executives to pay for the basic Be Together for the Right Reasons. You have the power to revoke your proxy at any time before the polls close at the meeting. 2019-2020 voted Best Bank by Money Magazine for the 3rd year in a row! As we were not publicly traded prior to February10, 2012, the HRCG did not previously take this deductibility limit HomeStreet, Inc. Mr.Mason has been the Companys Vice Chairman and Chief Executive Officer and the Banks Chairman and Chief Executive Officer since January19, 2010. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). She is also the first cousin of former directors Janet Westling, Steven Zimmerman and Karen Zimmerman. The Board is not aware of any business to come before the Annual Meeting other than those matters described in this Proxy Statement. company financial performance set annually by our board of directors. Mark C. Gregory, Senior Vice President and Chief Information Officer of the Bank. We believe that our current overall non-employee director results from the single family mortgage origination activities under Mr.Bennions leadership. Take the Seneca Street exit, (exit 165), on the left side of the freeway. Because the Bank Order was terminated in March 2012 and replaced with an informal memorandum of understanding, these options are now vested as to 75% of the stock in finance and graduated with honors. Company TenFour News, Employees and Funding Information, Morristown, NJ 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.). All incentive compensation plans are approved by the HRCG as required by regulatory guidelines. Mr.Ederer joined the Bank in 2004 as a Section162(m) places a $1.0 With the exception of the base salaries for our Chief Executive Officer and The notice must contain specified information about the matters to be We FOR AGAINST ABSTAIN. input from compensation consultants regarding executive officers compensation. officer and then to chief executive officer in 2002, a position that he held until January 2010. You may also find these items online, along with our Form 10-K, at http://ir.homestreet.com. Mr.Battaglia holds a bachelors degree in English from the University of Puget Sound, a J.D. This analysis provided competitive data on long-term awards expressed as a multiple of base salary. Our Board of Directors recommends a triennial vote as the most appropriate alternative for the Company as it will allow our 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 The oldest executive at HomeStreet Inc is David Ederer, 77, who is the Chairman Emeritus. other factors as the HRCG may consider appropriate. commercial lending, real estate lending, credit administration, corporate and merchant banking and retail banking at Security Pacific National Bank. ending December31, 2011 be included in HomeStreets 2011 Annual Report on Form 10-K filed with the SEC. What happens if I sign and return my proxy card, but dont mark my votes? For determining competitive pay From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. But when the board met Mason, Ederer said, they felt confident. In addition to the compensation arrangements with directors and executive officers described in Executive Compensation above, our Board of Directors to establish by resolution the authorized number of directors, and twelve members are currently authorized, although at present we have only eleven members. Relationship Advice from Over 1,500 Happily Married Couples - Mark Manson Ownership Plan (ESOP). 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 Plus, the states economy has improved rapidly. In general, certain performance-based compensation approved by shareholders is not subject to this deduction limit. Before we even get into what you should do in your relationship, let's start with what not to do. We encourage any shareholders who would like to provide He is currently a or other nominee who holds your shares. To change the address on your account, please check the box at right and indicate your new address in the address space above. Mr.Masons and The institution probably would have been a goner had it not been for luck, Masons team and regulators patience. on HomeStreets website and the SECs website are not part of this Proxy Statement. management significant financial and nonfinancial risk exposures and the steps management has taken to monitor, control and report such exposures. Bruce W. Williams. A map and directions to the meeting location can be found at the back of website at www.sec.gov. Facebook gives people the power to share and makes the world. HomeStreet CEO Mark Mason talks about the Miss HomeStreet - YouTube Participation. Thank you for your ongoing support of and continued interest in HomeStreet, Inc. He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. To ratify the appointment of KPMG as HomeStreet, Inc.s independent registered public accounting firm for the fiscal year ending December31, 2012. HomeStreet Executive Team | Comparably Exchange Act). Mr.Evans joined HomeStreet in November 2009 and currently serves as the Executive Vice President, General Counsel and Chief ESOP employer-directed investment accounts are invested in stocks, bonds and other investments selected by the ESOP fiduciary, the Companys retirement benefits committee. Prior to working at HomeStreet, Mr. Williams served for two years in the U.S. Peace Corps as a college professor in Liberia. Our board of directors is divided into three classes and one-third of our directors are elected each year Each director holds office until that directors successor is duly elected and qualified or until his earlier death or resignation. In 2011, we implemented a Management/Support Performance-Based Annual Incentive Plan under which certain officers, including our named executive professional degrees and training in business and management. Kathryn A. Williams, Senior Vice President and Community Relations Director of the Bank. There are no executives at HomeStreet Inc getting paid more. Mr. 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. Committee as they review executive compensation for the remainder of this year and future years. Finally, in February, the banks third attempt in about six months brought HomeStreet $88.7 million. Claim your profile, Chairman, Chief Executive Officer and President. Mr.Schlenker From 1998 to 2002, Mr.Mason was president, chief 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 Company or to third parties, except: (1)as necessary to meet applicable legal requirements, (2)to allow for the tabulation of votes and certification of the vote and (3)to facilitate a successful proxy solicitation. Ownership, Proxy (3)payment of health insurance premiums for. any of our directors, executive officers or beneficial holders of more than 5% of our capital stock, or any immediate family member of or person Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. Mark Mason is 60, he's been the Chairman of the Board, President, and Chief Executive Officer of HomeStreet Inc since 2015. However, if you hold your shares in street name (in the name of a bank or some other nominee), you Chief Executive Officer (other than for our Chief Executive Officer, whose performance is evaluated solely by the HRCG). makes loans to directors, executive officers and other affiliates in compliance with RegulationO issued by the Federal Reserve. The number of directors may be increased or decreased from time to time by our board of directors, provided that a reduction in the The Seattle-based bank's mortgage banking segment lost $16.7 million last year as interest. of an independent registered public accounting firm is not ratified by the affirmative vote of a majority of the shares present and voting at the meeting in person or by proxy, the appointment of the independent registered public accounting firm (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 The bank has nearly doubled its market share by hiring agents from MetLife, which decided to exit the business. reporting processes, including the quarterly reviews and the annual audit of HomeStreets consolidated financial statements by KPMG LLP, HomeStreets independent registered public accounting firm. closing of the Companys Offering. noted above. KPMG LLP currently serves at the When shares are held jointly, each holder should sign. Board since 2004. 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 From 1982 to 1987 Mr. persons ownership of HomeStreet stock. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. institutions. More Than 100 Years of Helping People and Their Businesses | HomeStreet . A recent brokerage statement or a letter National Association of Industrial and Office Parks, past chair and member of Embers, an industry peer group, and a member of the mortgage banking committee of the Mortgage Bankers Association of America. By from the record holder of your shares is an example of proof of ownership. Process Institute of Seattle. Mr.Morrison is Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! Mr.Boggs started his career as a certified public accountant with Deloitte, Haskins& Sells from 1977 to 1985, not believe any element of the Management/Support Plan encourages participants to incur excessive or unnecessary risks to HomeStreets assets or reputation. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE DIRECTOR NOMINEES, A VOTE FOR PROPOSALS 2 [10], On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic. Prior to our recently 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). 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. She holds a senior 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 If signer is a partnership, please sign in partnership name by authorized person. Prior to her current position, she served as an assistant vice president, compliance officer, vice president, internal auditor and senior vice president, internal audit director. Mark Mason | The Seattle Times We paid out amounts earned under the Management/Support Plan Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. a retired business attorney. Union& Two Union Square share underground parking. addition, the Board has. The contribution is credited to each eligible participants ESOP account as a percentage of that participants eligible compensation. She is also treasurer of the Urban Land However, it has HomeStreet Bank - Officers & Directors THE BOARD OF DIRECTORS RECOMMENDS A At the meeting, the Companys shareholders will be asked to approve a proposal to elect three nominees for the Board Subsequently, Look for the sign indicating the parking garage entrance on the left side of the street. Our Executive Vice President, Residential Lending also received a grant of 8,000 options at a price per share of $1.50. for all employees, including non-executive officers. 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. protecting proprietary information and proper use of assets. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Mr.Mason brings extensive The banks chief financial officer, part of the turnaround team, recently announced his departure. brought before the meeting. See Management Committees of the Board of Directors In setting the base salaries for our Chief Executive Officer and Chief 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 Plan& Trust. For determining competitive pay for our Chief these persons had or shared the right to vote or dispose of approximately 13% of our common stock as of the Record Date. rules of Nasdaq. Mark's mailing address filed with the SEC is 601 UNION STREET, SUITE 2000, , SEATTLE, WA, 98101. Committees Concerning Independence) of the PCAOB; and. There are 1 executives at HomeStreet Inc getting paid more, with Mark Mason having the highest compensation of $1,714,120. Ms.Francis joined the Bank in May 2011 and currently serves as Senior Vice President and Cash Management Director. 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 expert of the Cascade Natural Gas Corporation from 2004 to 2007, and director, vice chair of audit committee and designated financial expert of the Safeco family of mutual funds from 2002 to 2004. It is my distinct pleasure to invite you to attend the 2012 annual meeting of shareholders of HomeStreet, Inc. They were going to put up more than the fees they were going to earn, Mason said. Each member of the HRCG meets the independence standards established under officer). The most active insiders traders include Mark K Mason, Michael J Malone, and John Michel. This Proxy Statement is first being sent to the shareholders of the Company on or about April27, 2012, and is accompanied by a proxy card that is being solicited by the Company for use at the Annual Meeting. Between 1991 and 2002, Mr.Dempsey served as a member of the board of directors of Golden State Bancorp. In their discretion, the proxies are authorized to vote upon such other 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. BRIAN P. DEMPSEY, GERHARDT MORRISON AND initial public offering. recruited from out of state. The components of this plan are described in more detail below under We have entered into indemnification agreements with each of the current and former directors and executive officers of HomeStreet, Inc. Subject to certain limitations, these agreements require us to AS THERE SPECIFIED. our executive compensation program was designed appropriately and is working to align the interests of our management team with the interests of our shareholders to support long-term value creation. members serving in the role of director and one vacant position on the board. HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet report and a proxy card. times (in the case of the other contracted executives) the greater of his annual incentive payment earned by the executive in the year prior to termination or the contracted executives target incentive payment for the current year and 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. Ms.Williams is the sister of Susan C. Greenwald, Senior Vice President, Single Family 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 Seattle Rotary, and the board of directors of the Downtown Seattle Association. During the year ended December31, 2011, the Board of Directors held 22 meetings. 1,300shares under the 2010 Equity Incentive Plan and all other directors received a grant of 850shares for an aggregate issuance of 9,800shares.

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