HomeStreet, Inc. (NASDAQ:HMST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
resignation of its Chief Financial Officer, Melba Bartels,
effective April 23, 2017. On March 30, 2017, the Board of
Directors of the Company appointed Mark R. Ruh, age 50, as
Interim Chief Financial Officer until a new Chief Financial
Officer is hired by the Company. The Company will be conducting a
nationwide search for a new Chief Financial Officer. Mr. Ruh
currently serves as Senior Vice President, Corporate Development
Strategic Investments at HomeStreet since January 2017. Prior to
joining HomeStreet, Mr. Ruh was a Managing Director at Commerce
Street Investment Management, an SEC-registered investment
advisor managing private equity and credit opportunity funds
investing in financial institutions and collateralized debt
obligations, and was the Chief Financial Officer of Mission
Community Bancorp in San Luis Obispo, California from 2011 to
2012. He also served as a director of Mountain Commerce Bancorp
in Knoxville, Tennessee in 2016 and early 2017. Mr. Ruh holds a
Bachelor of Science degree in Industrial Engineering from The
Pennsylvania State University and two degrees from Northwestern
University, an MBA from the Kellogg School of Management and a
Masters of Engineering Management.
Ruh in connection with this appointment, nor has it entered into
any employment agreement with Mr. Ruh. The Company has entered
into a Change of Control Agreement with Mr. Ruh in the form
provided to executive officers who do not have an employment
agreement with Company.
director or executive officer of the Company and he has no direct
or indirect material interest in any transaction required to be
disclosed to Item 404(a) of Regulation S-K.
Financial Officer was issued by the Company on April 5, 2017 and
is included as Exhibit 99.1 to this Current Report on Form 8-K.
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Exhibit No.
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Description
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99.1
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Press Release Issued by HomeStreet, Inc., dated April
5, 2017, announcing appointment of interim Chief Financial Officer. |
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About HomeStreet, Inc. (NASDAQ:HMST)
HomeStreet, Inc. is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. Its operating segments include Commercial and Consumer Banking, and Mortgage Banking. The Company’s subsidiaries include HomeStreet Bank (the Bank) and HomeStreet Capital Corporation. The Bank is a savings bank that provides mortgage and commercial loans, deposit products and services, non-deposit investment products, private banking and cash management services. Doing business as HomeStreet Insurance Agency, the Company provides insurance products and services for consumers and businesses. The Company has a network of over 40 retail deposit branches located in Washington state, Southern California, Portland, Oregon and Hawaii, as well as over 60 stand-alone lending centers located within its retail deposit branch footprint. HomeStreet, Inc. (NASDAQ:HMST) Recent Trading Information
HomeStreet, Inc. (NASDAQ:HMST) closed its last trading session up +0.15 at 27.40 with 217,822 shares trading hands.
