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Activist shareholder accepts HomeStreet invitation

Charles Griege Jr. has accepted HomeStreet Inc.'s invitation to speak at its Dec. 21 board meeting.

Griege is the managing partner of Roaring Blue Lion Capital Management LP, which earlier called on HomeStreet to pause "any and all acquisitions" and criticized the Seattle-based company for its "poor" decision-making in recent years.

Griege pointed out that the invitation did not address his offer to take a seat at the board. "In light of this," Griege wrote in a Nov. 29 letter to CEO Mark Mason, Roaring Blue Lion will "prepare [its] formal notice of intent to nominate."

Griege and Roaring Blue Lion hold an aggregate 1,487,820 shares of HomeStreet, or a 5.53% stake. A Dec. 1 filing showed the investor had sold 12,500 shares on Nov. 30 on the open market, at an average price per share of $30.4476.