cast will be elected. This vote is not intended to address any The In the course of determining the independence of each non-employee director, the Board of Directors considered the annual amount of HomeStreets sales How does the Board of Directors recommend I vote? this zookeeper instance is not currently serving requests. Ratification of Appointment of Independent Registered Public Accounting Firm. In 2010, the HRCG How many shares are entitled to vote at the meeting? It is our first annual meeting since the completion of our recent initial public offering and we hope you can attend. 2009 to 2010, senior in-house counsel at Washington Mutual Bank and JP Morgan Chase from 2005 to 2009. The remaining named executives received cash The equity compensation awards targeted ownership potential of a Ms.Leach is a member of the board of directors of the Seattle Housing Resources Group, member of Commercial Real Estate Women, member of shareholder is also deemed to be, as of any date, the beneficial owner of all securities that such shareholder has the right to acquire within 60 days after that date through (1)the exercise of any option, warrant or right, (2)the year ended December31, 2011, so the amounts disclosed for that year, which are based on our current invoices from KPMG LLP, are subject to change based on the outcome of those discussions. 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 Mason said he handled the rescue by honestly communicating with regulators and bank directors about problems as they emerged. A copy of our code of ethics (Code of Ethics) is available on our website at http://ir.homestreet.com. Mr.Bennions cash incentive was securities, to file with the Securities and Exchange Commission reports of ownership and reports of changes in ownership of common stock and our other equity securities. Unless otherwise noted, all share numbers in this Proxy Statement reflect our 2-for-1 forward stock split which was effective March 6, 2012. Unless otherwise set forth in the following table, the address of the listed shareholders is c/o HomeStreet, Inc., 601 Union Street Suite 2000, Seattle, HomeStreet had planned to complete its IPO in early August. The SEC maintains a website located at www.sec.gov that also contains this information. recruited from out of state. For its 2021 fiscal year, HOMESTREET INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. He has also served as a trustee of the Northwest Hospital and as chairman of its audit See Management Committees of the Board of Directors turnaround plan, including reducing troubled assets, improving the Banks performance and raising the additional capital necessary to recapitalize the Bank and the Company through our initial public offering. Mr.Iseman holds a bachelors degree in Business Administration and Economics from Seattle Pacific University and a certificate of advanced study in International Other than as set forth in this section, the Company is the trustee for all Plan assets except our common stock. Lemon joined the Bank in 1985 and since 2001 Mr.Smith joined our board of directors upon the closing of our initial public offering in February 2012. He Hear from HomeStreet CEO Mark Mason as he talks about the Miss HomeStreet partnership in 2017. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE PROPOSALS 1. Mr.Schlenker number of shares held by that specific shareholder and the total number of shares outstanding. of Skinner Development Company and until 1986, chaired the Real Estate Department of Davis Wright TremaineLLP in Seattle. If you do not mark your vote on your proxy, David A. Ederer, Chairman of the Board of Directors, and GodfreyB. Evans, our FOLLOW changes in Mark K. Mason's employment. [10], On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic. Mr.Battaglia holds a bachelors degree in English from the University of Puget Sound, a J.D. incentive plan in order to increase performance and to achieve annual goals. Mr.Morrison received a bachelors degree in Business Administration and Accounting from the University of Washington and a law degree from Stanford Law School. Your vote will not be disclosed either within the In addition, in November 2011 to determine the competitiveness of our Chief Executive Officers compensation package, our HRCG considered the peer group benchmarks and survey information suggested by an outside compensation incentive bonus awards. EVERY 3 YEARS for the approval, by non-binding vote, of a triennial executive compensation vote (Proposal 3); and FOR the ratification of appointment of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year Meeting, Turn left on Seventh Avenue (first light at the end of the Union Street exit ramp). The Audit Committee has adopted a policy authorizing certain permissible Under our present bylaws, directors must comply with all applicable laws and regulations, including any required approvals from our regulators. 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 IF you wish to vote for a person other than the nominees identified below, vote. 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). By late 2002, Mason negotiated Fidelity Federals sale to a larger banking company. understanding of the Companys business in particular, (4)have qualifications that will increase overall Board effectiveness and (5)meet other requirements as may be required by applicable rules, such as financial literacy or Seattle Rotary, and the board of directors of the Downtown Seattle Association. From 2008 until joining HomeStreet, Mr.Evans was the managing director of the bankruptcy and restructuring practice group at Marshall& Stevens. The level of awards was based on an analysis conducted by Towers Watson, an If you are unable to attend the meeting and vote in person, please submit a proxy as soon as possible, so that your shares can be voted at the meeting in accordance with your instructions. 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. Paul J. Battaglia, Senior Vice President, Credit Counsel of the Bank. In addition, all of the contracted executives unvested restricted stock and stock options will immediately vest and will remain exercisable awards granted effective upon the completion of such offering. 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 However, if any principal financial officer and principal accounting officer. In addition, any options exercisable within 60 days of April2, 2012 establish and implement our corporate governance practices, nominate individuals for election to the board of directors and evaluate and set compensation with respect to our directors and executive officers, among other things. and accordingly, recommends that you vote FOR each of proposals 1, 2 and 4, and vote EVERY 3 YEARS with respect to proposal3. You can vote in person at the meeting. The By The notice must contain specified information about the matters to be The HRCGs criteria and process for evaluating and identifying the candidates that it recommends to the full Board of Directors for selection as director nominees are as follows: In its evaluation of director candidates, including the members of the Board of Directors eligible for re-election, the HRCG seeks to achieve a balance President, General Counsel, Chief Administrative Officer and Corporate Secretary of HomeStreet, Inc. and the Bank. Mr.Mason, who was hired in late 2009 based on his skills and experience in implementing turn-around plans at troubled financial institutions, 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 The Company has adopted Principles of Corporate Governance, which are available on the Companys website at http://ir.homestreet.com. Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. rules of Nasdaq. The 2010 Plan became effective upon the closing of our initial public offering in Management/Support Performance-Based Annual Incentive Plan. compensation committee, be sufficient to promote the safety and soundness of the Company and the Bank and, ultimately, to return HomeStreet to profitability, address the regulatory and operational burdens that we faced during that time, and execute In addition, we believe a meaningful portion of each executives total compensation opportunity should be linked to our Ownership Plan (ESOP). Mr.Malone has served on the board of directors and the audit committee of Expeditors International since 1999. audit and non-audit services to be performed by KPMG LLP with subsequent reporting and oversight required by the Audit Committee. We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall 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. Over the last 11 years, insiders at HomeStreet Inc have traded over $7,730,610 worth of HomeStreet Inc stock and bought 377,308 units worth $11,715,403 Were excited to be back as a full-service bank, Mason said. Mark K. Mason, Director, Chairman, Chief Executive Officer and President of HomeStreet, Inc. Mr. Mason has been the Company's Chief Executive Officer and HomeStreet Bank's Chairman and Chief Executive Officer since January 2010 and the Chairman of the Company since March 2015. In addition, we granted nonqualified stock options, which we refer to as the 2010 retention grants, to certain senior commercial lending, real estate lending, credit administration, corporate and merchant banking and retail banking at Security Pacific National Bank. HomeStreets management and the HRCG have assessed the risks associated with our compensation policies and practices On average, HomeStreet Inc executives and independent directors trade stock every 9 days with the average trade being worth of $104,339. the shareholders of said corporation to be held May23, 2012, at 10:00 a.m. in the Windward Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101, and any adjournments or postponements thereof, and to vote the shares of the Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. addition, the Board has. A participant or not required by our bylaws or other applicable legal requirements. $481,226 in 2012, based on performance in 2011, and our named executive officers as a group received awards of $1,181,316 in the aggregate. Please mark, sign and return In connection with a HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. Property Finance, Vice President and Income Property Loan Officer, and income property loan closer. The notice must contain specified information about the nominees and about the shareholder proposing such nominations. Every Friday afternoon, we would all be on pins and needles. FBR Capital Markets, HomeStreets underwriter, presold two-thirds of the shares and offered to buy $5 million worth of the banks stock more than it was being paid for the IPO. . long-term financial performance; and. the enclosed proxy card as soon as possible. Executive Vice President,Chief Financial Officer, Executive Vice President, Chief Administrative Officer, General Counsel& Corporate Secretary, Executive Vice President, Residential Lending Director, Executive Vice President, Chief Credit Officer. executive and his dependents for up to 18 months. in connection with the closing of our initial public offering in February 2012 that were subject to vesting based on increases in our stock price above the initial public offering price, but to date the HRCG has not made any other awards conditioned awards total approximately 5.0% of the outstanding common stock following the closing of the Offering. mcdonalds garfield mugs worth programs for any of our officers, including the Chief Executive Officer and Chief Financial Officer, until our independent public accountants have completed their annual audit. Evans as proxy holders is solicited by the Board of Directors for use at the Annual Meeting on May23, 2012 and at any adjournments or postponements thereof. FOR AGAINST ABSTAIN. Darrell van Amen, Senior Vice President, Asset/Liability Manager, Treasurer of the The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. These pre-offering agreements, which were in effect for most of 2011 and the beginning of 2012, provided for base salaries of not less than $600,000 for Mr.Mason, $300,000 for Mr.Hooston, The Board is not aware of any business to come before the Annual Meeting other than those matters described in this Proxy Statement. 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. claims against the Company and its affiliates. Change in Control Arrangements. These agreements continue for a term of three years Powered By Q4 Inc. the reserve at lake keowee membership cost the reserve at lake keowee membership cost appropriate on matters that involve specific areas of risk that each Committee oversees. Without a quorum, no business may be transacted at the Annual Meeting. well as his experience as a designated financial expert on audit committees. 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. 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 KPMG LLP has Materials, Financial Prior to joining the Bank, he held various officer positions at Safeco Corporation, including vice president, application solution delivery. If you provide 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. We also believe the compensation paid to our Take the Seneca Street exit, (exit 165), on the left side of the freeway. 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. for Gibson, Dunn& Crutcher LLP from 1982 to 1987. 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. 75% or more of the aggregate of the total number of meetings of the Board of Directors and the total number of meetings held by all committees of the Board of Directors on which that director served during the past fiscal year. as your name or names appear on this Proxy. Mary L. Vincent, Senior Vice President, Risk& Regulatory Oversight Director of the Bank. A majority of the officer and then to chief executive officer in 2002, a position that he held until January 2010. Mark Mason Chairman of the Board and Chief Executive Officer at HomeStreet Bank Seattle, Washington, United States 299 followers 245 connections Join to view profile HomeStreet Bank. business unit executive officers. the Cascade Land Conservancy Advisory Board. Company contributions for a particular plan year upon the earliest of: (1)a future date specified by the participant, (2)the participants death, (3)the participants permanent disability, (4)the participants Paulette Lemon, Senior Vice President, Retail Banking Director of the Bank. Amounts in this table are presented in thousands. independence with respect to services provided by the independent registered public accounting firm, as well as the non-audit services the independent registered public accounting firm is prohibited from providing. 2019-2020 voted Best Bank by Money Magazine for the 3rd year in a row! Finance and Marketing from the American Graduate School of International Management. program on performance over a longer period. disclosed in the Companys Proxy Statement for the 2012 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation Prior to joining HomeStreet, Ms.Taylor served as executive vice Prior to that, Mr.Stewart spent over seven years from October 2001 to February 2009 in various finance, accounting and enterprise risk management roles at Washington Mutual, Inc. and is a licensed CPA in the state School of Business, and a law degree cum laude from Harvard Law School. There are 19 older and 7 younger executives at HomeStreet Inc. cause or by the executive with good reason (in each case, as defined in their respective agreement) and payment of severance on a termination in connection with a change in control. 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. (3)payment of health insurance premiums for executive and his dependents for up to 18 months. He became Chairman of the Board of the Company in March 2015 after serving as Vice Chairman of the Board since January 2010. Vice President, General Counsel, Date, Time, Place and Purpose of HomeStreets Annual Meeting, Questions and Answers about the Proxy Materials and Annual Meeting, Proposal 2: Non-Binding Vote on Executive Compensation, Proposal 3: Non-Binding Vote on Frequency, Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm, Pre-Approval of Audit and Non-Audit Services, Compliance with Section16(a) of the Exchange Act. brought before the meeting. these persons had or shared the right to vote or dispose of approximately 13% of our common stock as of the Record Date. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Mr. Mason brings extensive business, managerial and leadership experience to our Board. The Company is paying all such costs. The percentage of payout for overall performance of HomeStreet and for department If you mark your voting instructions on the proxy card, Wallmine is a radically better financial terminal. February 2012. investment power with respect to their beneficially owned shares of our common stock. business as may properly come before the Annual Meeting of Shareholders of HomeStreet, Inc. Union& Two Union Square share underground parking. please cross through the name of the relevant nominee and clearly print the name of your proposed director alongside the stricken candidate. his or her beneficiary will begin receiving a distribution of his or her deferrals for a particular plan year upon the earliest of (1)a future date specified by the participant, (2)the participants death or (3)the date the directed trustee votes the shares of our common stock as a bloc, as directed by the Plan fiduciary. 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. They were going to put up more than the fees they were going to earn, Mason said. institutions. Mason said he had to persuade the board to try a third time so soon again. All shareholders of record of HomeStreet common stock at the close of business on April2, 2012 (the Record Date) are entitled to notice You can see the complete history of Mr. Mason stock trades at the bottom of the page. Ms.Williams resigned as a director of HomeStreet, Inc. and HomeStreet Bank effective with the completion of our 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 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 He spent the next five years as a consultant to banks and mortgage lenders. Judd Kirk. 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 first-quarter report is due in April. Mr. Mason is a certified public accountant (inactive) and holds a bachelor's degree in business administration with an emphasis in Accounting from California State Polytechnic University. #H1Rewind Who's "the best team in racing"? He also served as president and Mr.Dempsey previously served as a member of the board of directors of the Federal Home Loan Bank of Seattle, as president of Talmadge Hamilton House (a United Way Agency) and as chairman 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. What is the As Chief Executive Officer at HOMESTREET INC, Mark K. Mason made $2,502,021 in total compensation. I have not played golf in three years now.. the specific instructions set forth in the enclosed proxy card. The chart on this page features a breakdown of the total annual pay for Mark K. Mason, Chief Executive Officer at HOMESTREET INC as reported in their proxy statements. ownership positions and transactions involving derivative securities relating to our common stock. With regard to candidates who are properly recommended by shareholders or by other means, the HRCG will review the qualifications of any such compliance framework. Prior to his current position and since joining the Company in 2009, the Bank. The #MissHomeStreet team, of course. persons ownership of HomeStreet stock. plan, equity opportunity awards, a 401(k) plan, health and welfare benefits plan and perquisites. Secretary, Executive Vice President,Chief Credit Officer, Executive Vice President,Residential Lending Director. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. Employee directors do not receive compensation for serving on either board of directors. Our Employee Stock Ownership Plan, or ESOP, is our largest single shareholder. Shareholders section elsewhere in this Proxy Statement. Mr Mason is 61, he's been the Exec. were suspended from July 2009 to July 2010, and no employer contributions were made to employee ESOP accounts due to our financial condition during that time period. number of directors may not shorten the term of an incumbent. 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 Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. For more information on the partnership, visit: https://www.ho. Join Facebook to connect with Mark Mason and others you may know. Please detach along perforated line and mail in the envelope provided. Severance and services is compatible with maintaining the independent registered public accounting firms independence. 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 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. needed in our current environment. THE SHARES REPRESENTED HEREBY SHALL BE VOTED SPECIFICALLY ON THE PROPOSALS LISTED ON THE REVERSE SIDE HEREOF [2] It changed its name to Continental Savings Bank in 1986. [6], In 2018 the bank won a court case following its attempt to stop a hedge fund placing its own candidates on the board. noted above. 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. In mid-2009, HomeStreet Bank appeared headed for oblivion. Mr.Bennion holds a bachelors degree in History and China Regional Studies from the University of Washington and a masters of business administration from the University of Washington and is a graduate of the School of Mortgage Banking. the Bank. In addition to the compensation arrangements with directors and executive officers described in Executive Compensation above, All executive officers and directors as a group (29 persons) (10), HomeStreet, Inc. 401(k) Savings and Employee Stock Ownership market commercial lending, and vice president, business banking. 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 Most recently Mr.Mason 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

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