First Foundation Inc. Announces Executive and Board Changes
Ticker: FFWM · Form: 8-K · Filed: May 29, 2024 · CIK: 1413837
| Field | Detail |
|---|---|
| Company | First Foundation INC. (FFWM) |
| Form Type | 8-K |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, governance, filing
TL;DR
First Foundation Inc. is shuffling execs and board members, plus voting on some stuff.
AI Summary
First Foundation Inc. announced on May 28, 2024, several key executive and board changes. The company elected new directors, appointed new officers, and established new compensatory arrangements. Additionally, the company is submitting matters to a vote of its security holders and filing financial statements and exhibits.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- First Foundation Inc. (company) — Registrant
- May 28, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been filled or changed among the officers?
The filing indicates the appointment of certain officers and changes to compensatory arrangements, but does not specify the exact roles filled or changed in this summary.
Who are the newly elected directors?
The filing states that directors have been elected, but their names are not provided in the summary information.
What matters are being submitted to a vote of security holders?
The filing indicates that matters are being submitted for a vote, but the specific proposals are not detailed in the summary.
What financial statements and exhibits are being filed?
The filing mentions the submission of financial statements and exhibits, but their specific content is not described in the summary.
What is the exact date of the report?
The exact date of the report is May 28, 2024.
Filing Stats: 1,131 words · 5 min read · ~4 pages · Grade level 9.3 · Accepted 2024-05-29 16:33:27
Filing Documents
- tm2415760d1_8k.htm (8-K) — 59KB
- tm2415760d1_ex10-1.htm (EX-10.1) — 137KB
- tm2415760d1_ex10-2.htm (EX-10.2) — 38KB
- tm2415760d1_ex10-3.htm (EX-10.3) — 51KB
- 0001104659-24-066094.txt ( ) — 513KB
- ffwm-20240528.xsd (EX-101.SCH) — 3KB
- ffwm-20240528_lab.xml (EX-101.LAB) — 33KB
- ffwm-20240528_pre.xml (EX-101.PRE) — 22KB
- tm2415760d1_8k_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. At the Annual Meeting, the Company's stockholders voted on the proposals listed below, each of which was described in the Proxy Statement: 1. To elect ten members to the Board of Directors of the Company, each to hold office for a term of one year or until his or her respective successor is duly elected and qualified; 2. To approve the First Foundation Inc. 2024 Equity Incentive Plan; 3. To ratify the appointment of Crowe LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024; and 4. To approve, by non-binding advisory vote, the compensation of the Company's named executive officers for the year ended December 31, 2023. Each stockholder of record is entitled to one vote per share of common stock. As of the close of business on April 5, 2024, the record date for the Annual Meeting, there were a total of 56,511,864 shares of the Company's common stock issued and outstanding. Present at the Annual Meeting, either in person or by proxy, were holders of 42,535,453 shares of the Company's common stock, constituting a quorum of the Company's outstanding shares. Set forth below are the final voting results: Proposal No. 1 - Election of Directors Name Votes For Votes Against Abstain Broker Non-Votes Max A. Briggs 35,981,757 1,996,041 94,296 4,463,359 John A. Hakopian 37,050,294 927,504 94,296 4,463,359 Scott F. Kavanaugh 36,401,618 1,638,787 31,689 4,463,359 Ulrich E. Keller, Jr. 37,219,118 821,287 31,689 4,463,359 David G. Lake 37,654,964 323,017 94,113 4,463,359 Elizabeth A. Pagliarini 36,075,926 1,902,055 94,113 4,463,359 Mitchell M. Rosenberg, Ph.D. 32,467,628 5,510,170 94,296 4,463,359 Diane M. Rubin 37,585,402 392,113 94,579 4,463,359 Jacob P. Sonenshine 35,937,936 2,039,763 94,395 4,463,359 Gabriel V. Vazquez 37,615,532 362,167 94,395 4,463,359 -2- The stockholders vote
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit No. Description 10.1 First Foundation Inc. 2024 Equity Incentive Plan 10.2 First Foundation Inc. Form of Restricted Stock Unit Agreement for 2024 Equity Incentive Plan 10.3 First Foundation Inc. Form of Stock Option Agreement for 2024 Equity Incentive Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) -3-
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST FOUNDATION INC. Date: May 29, 2024 By: /s/ SCOTT F. KAVANAUGH Scott F. Kavanaugh President and Chief Executive Officer -4-