Skip to main content

HomeStreet Inc

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 6, 2024

MCHB$14.82+0.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Item 5. OTHER INFORMATION

During the quarter ended June 30, 2024, none of our directors or officers informed us of theadoption ortermination of a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408.

Change in Control Agreement Amendments

On August 5, 2024, the Company and the Bank entered into an amendment to the change in control agreements (“CIC Amendments”) that they previously entered into with John M. Michel, Chief Financial Officer of the Company, and William D. Endresen, Executive Vice President, Commercial Real Estate and Commercial Capital President of the Bank, which are included as an exhibit to their employment agreements. The amendments provide that in the event of a qualifying termination, which incurs in connection with a change in control, each executive will receive, in addition to his previously provided for severance benefits, a cash payment in an amount equal to 18 months of the cost of health coverage in which the executive and his eligible dependents were enrolled at the time of the change in control, subject to the executive executing a release of claims agreement in favor of the Company and the Bank.

The foregoing is a summary of the material terms of the CIC Amendments, does not purport to be complete and is qualified in its entirety by reference to the full text of the CIC Amendments, which are attached as Exhibits 10.24 and 10.25 to this Quarterly Report on Form 10-Q and incorporated herein by reference.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.