Blue Lion Capital Encourages HomeStreet Board to Remove Management Team Change in Control Payments as Part of FSUN Merger

Last Week, HomeStreet Shareholders Voted Against HomeStreet Management Receiving the Payments View PDFBlue Lion Capital's letter to HMST Independent Directors Based on the 8k released last week, HMST shareholders voted against the CIC payments to be made to Mark Mason and other named executive officers. However, the outcome of the vote was "advisory and non-binding." Griege stated "Shareholders have spoken and the Board needs to do its fiduciary duty and follow the wishes of shareholders." Griege goes on to ...