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HomeStreet prevails in battle with activist investor

Jun 24, 2019 - American Banker
Company Splits/Spinoffs

All three directors nominated by HomeStreet in Seattle were backed by investors at this year's annual meeting.

Chairman and CEO Mark Mason, along with Sandra Cavanaugh and Donald Voss, will remain on the $7.1 billion-asset company's board after Blue Lion Capital withdrew the candidacy of Ronald Tanemura before the meeting.

Blue Lion owns 6.4% of HomeStreet's stock.

Shareholders also rejected a proposal from Blue Lion to separate the chairman and CEO roles, based on a preliminar...