Ms.Leach received her bachelors degree in Anthropology 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. Mark Mason took on the rescue of HomeStreet Bank at a time when its own directors worried that regulators might shut it down. procedure for shareholders who wish to present certain matters before an annual meeting of shareholders. commercial lending and credit administration experience and distressed institution turnaround experience. Assistance. From February 2008 to October 2008, Mr. Mason also served as president of a startup energy company, TEFCO, LLC. We are still in discussions with KPMG LLP regarding the final amount of fees to be paid for such services for the Wallmine is a radically better financial terminal. oversee and make decisions regarding executive management salaries, incentive compensation, long-term compensation plans and equity plans for our Mr.Iseman served as senior vice president and senior portfolio shareholders will start on December28, 2012 and end on January27, 2013. Chairman and Pres & CEO of HomeStreet Inc since . 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. 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. The Non-Binding Vote on Executive Compensation. He has served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank and The Bjurman Barry Family of Mutual Funds. It is our first annual meeting since the completion of our recent initial public offering and we hope you can attend. 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 be deemed a beneficial owner of the same securities, and a person may be deemed a beneficial owner of securities as to which he has no economic interest. Signature of Shareholder Date: Signature of Shareholder Date: Note: Please sign exactly restricted stock awards and 75% to stock options; the stock options vest ratably on the first, second and third anniversaries of the completion of the initial public offering while the restricted stock grants vest upon the occurrence of certain The stock options vest ratably in thirds over each of the first three anniversaries of the completion of the offering, while the Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid In addition, Section304 of the Sarbanes-Oxley Act of 2002 provides a basis to recover incentive awards in certain circumstances. Brian P. Dempsey. Such directors, officers and employees will not be Last updated: 1 March 2023 at 11:00am EST. Among other things, the audit committee charter requires the Audit Committee to: oversee the financial reporting process on behalf of our board of directors, review and discuss the audited financial statements with management and Let us earn your business. and the diversion of corporate opportunities, the contracted executives agreements also contain a six-month non-competition agreement which restricts certain competitive acts on behalf of another bank or thrift located in Washington, Oregon, Ms.Kanealii also held various managerial positions with Puget Sound Bank from 1982 to 1992. By 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, employment arrangements and director compensation required to be disclosed in our Proxy Statements, certain charitable contributions, transactions where all shareholders receive a proportional benefit and transaction entered into through a In addition, the post-offering agreements require the Company to Pamela J. Taylor, Senior Vice President, Human Resources Director of the Bank. Sixth Avenue, Seattle, Washington 98101 in order to consider and vote upon the following proposals: Only shareholders of record at the close of business on April2, 2012, are entitled to notice of the meeting and an opportunity to 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 In some instances, the amount and structure of compensation results from arms-length negotiations with executives, which terms reflect an increasingly competitive market for Ms.Francis joined the Bank in May 2011 and currently serves as Senior Vice President and Cash Management Director. 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. 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. HomeStreets Ederer said that after regulators placed the bank under an enforcement order in 2008, there were many sleepless nights. 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 of Washington and a CFA charterholder since 2002. Hospital and Seattle Pacific University. This proxy, when properly executed, will be voted in the manner directed herein by the undersigned shareholder(s), but if no direction is made, this proxy 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 For more information on the partnership, visit: https://www.ho. HomeStreet had planned to complete its IPO in early August. In 2004, we adopted a deferred compensation plan which allows The plan provides one week of pay for every year of service with a minimum payment of two weeks and a maximum payment of 24 weeks. this zookeeper instance is not currently serving requests. Please note that requests for investor relations materials should be sent to ir@homestreet.com. Urban Land Institute (CDC Council), American College of Real Estate Lawyers, and the Pacific Real Estate Institute. awards granted effective upon the completion of such offering. View the executive profile of Mark K. Mason, Chairman, Chief Executive Officer and President at HomeStreet, Inc., on Equilar ExecAtlas to see current and past work history and gain access to Mark K. Mason's network of 74 business contacts. Jeffery D. Schlenker, Senior Vice President, Program Manager of HomeStreet Investment Services of the Bank. Change in Control Arrangements. Mr.Bennions cash incentive was the Dodd-Frank Wall Street Reform and Consumer Protection Act. Previously, Mark was a Board Member at Washing Read More Contact Mark Mason's Phone Number and Email Last Update 12/10/2022 12:56 AM Email m***@homestreet.com Engage via Email Contact Number (206) ***-**** Engage via Phone Mobile Number The HomeStreet IPO appears to be the first time since at least the 2008 crisis that a troubled bank has recapitalized through an IPO instead of being sold. The HRCG reviewed the McLagan report and took it into consideration in determining its 2011 incentive plan arrangements for the entire organization. Mark Mason is chairman, president and CEO of HomeStreet Bank, a regional bank headquartered in Seattle. initial public offering. As we were not publicly traded prior to February10, 2012, the HRCG did not previously take this deductibility limit underlying each such option grant. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The Bank is the directed trustee for our common stock owned by the Plan. 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 Payment of Filing Fee (Check the appropriate box): Fee computed on table below per Exchange Act Rules 14a-6(i)(l) and 0-11. Mr.Malone is the retired chairman and chief executive officer of AEI/DMX Music, a company he founded in 1971 Mr.Malone serves on the Seattle Police Foundation, having been a founding member and past chairman. Mr.Boggs is also qualified as an audit committee financial expert., The Companys board That grim situation didnt deter turnaround specialist Mark Mason, who started as a consultant at the end of that September and soon was named president and CEO. appropriate on matters that involve specific areas of risk that each Committee oversees. In 2011, the Companys board of directors met 22times. Corporate performance for these executives was based on achievement of Dempsey, Tom King, Mike Malone and Doug Smith. shares to Mr.Hooston and 32,288 shares to each of Messrs. Evans and Iseman on February15, 2012. Wrong. Nominees If a shareholder who has notified the Company of his or her intention Each member of the HRCG meets the independence standards established under Our Articles of Incorporation provide that our directors will serve a term of three years or until their respective successors are Structure, Analyst It was a big credibility issue for them as well.. We have created strong controls over the process for designing, implementing and monitoring incentive pay, which are incorporated into the overall Mr.Ederer is a certified public accountant (inactive) and managed consulting, accounting and auditing services for Price Waterhouse from 1965 to 1974. . More specifically, 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. George 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 standards, including Messrs. Boggs, Dempsey, Indiek, Kirk and Smith, each of whom is an independent director, in full compliance with all Nasdaq corporate governance standards and Rule 10A-3 under the Exchange Act with respect to director other matters should properly come before the meeting, it is intended that proxies in the accompanying form will be voted in respect thereof in accordance with the judgment of the person or persons voting the proxies. Ms.Williams has also held leadership roles with a number of community This plan reserves for issuance awards of up to 84,000shares of our common stock in order to provide for compensation to directors for one-half of the annual board compensation as described above. awards total approximately 5.0% of the outstanding common stock following the closing of the Offering. Mr.Indiek was selected to serve as a director because of his extensive experience 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., 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 For and in consideration of the payments and other benefits due to [Mark K. Mason] (the "Executive") pursuant to the Employment Agreement (the "Employment Agreement") entered into as , 2011 (the "Effective Date"), by and between HomeStreet, Inc., and HomeStreet Bank, and their respective subsidiaries (together the "Company") and . 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). incentive ranges are designed to provide market-competitive payouts for the achievement of target and maximum performance goals. Mr Mason is 61, he's been the Exec. He has been a member of the Fannie Mae Western Business Center Advisory Board since 2004, Chair of the Housing Partnership, a nonprofit organization, from 2001 to 2007 and a member of the University of Washington Milgard School of Business Advisory 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 THE BOARD The form of payment includes either a single lump sum payment or annual installment payments over a period of up to ten years. Hilton Hotel, Windward Room, located at 1301 Sixth Avenue. All of the 2010 retention grants unpaid salary and incentive compensation, unused vacation time, and unreimbursed expenses, in the event of termination of a contracted executives employment within one year or during the 90 days immediately preceding a change of From 1998 to 2002, Mr. Mason was president, chief executive officer and chief lending officer for Bank Plus Corporation and its wholly owned banking subsidiary, Fidelity Federal Bank, where Mr. Mason also served as the chief financial officer from 1994 to 1995 and as chairman of the board of directors from 1998 to 2002. In The notice must contain specified information about the matters to be HomeStreets difficult quest for capital was over. Mr.Smith joined our board of directors upon the closing of our initial public offering in February 2012. Pursuant to In May 2011, the Board of Directors approved grants of stock options and restricted stock awards to be made to our executive officers and If your shares are held in street name, you will need proof of ownership to be admitted to the Annual Meeting. constitute an excess parachute payment within the meaning of Section280G of the Internal Revenue Code, the Company will pay that individual an additional amount so that his net payment will not be diminished in any respect by the The Sarbanes-Oxley Act of 2002 requires the Audit Committee to be directly responsible for the From 1999 until 2001, he also served as a member of the board of directors of the Company, and rejoined the board of directors of Based on such review and discussion, the members of the HRCG have recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this Proxy Statement. 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 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 Between 1991 and 2002, Mr.Dempsey served as a member of the board of directors of Golden State Bancorp. David A. Ederer, Director and Chairman of the Board. Our Board is divided into classes of directors, with each class serving a three-year term. To promote these objectives, we developed compensation arrangements for our new executive team, and maintained a general salary freeze in effect from 2009 through 2011 other than for special retention bonuses for certain key

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